Which of the following is not true of fashion merchandise categories?
A. Forecasting the sales for fashion merchandise categories is more challenging than forecasting for staple goods.
B. New products are continuously being introduced.
C. Buyers often do not have a chance to reorder additional merchandise after an initial order is placed.
D. They have a short life cycle.
E. Buyers for fashion merchandise categories have a high degree of flexibility in correcting forecasting errors.
Answer: E
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Adkins Bakery uses the modified half-month convention to calculate depreciation expense in the year an asset is purchased or sold. Adkins has a calendar year accounting period and uses the straight-line method to compute depreciation expense. On March 17, 2018, Adkins acquired equipment at a cost of $200,000. The equipment has a residual value of $45,000 and an estimated useful life of 3 years. What amount of depreciation expense will be recorded for the year ending December 31, 2018? (Round any intermediate calculations to two decimal places, and your final answer to the nearest dollar.)
A) $51,667 B) $43,056 C) $38,750 D) $25,833
The ________ concept holds that achieving organizational goals depends on knowing the needs and wants of target markets and delivering the desired satisfactions better than competitors do
A) marketing B) product C) production D) selling E) societal marketing
Which sentence expresses numbers correctly?
A) The new rankings that were published on the 15th of this month indicated that Mitchel was now the one hundred twentieth top American amateur golfer. B) ?The new rankings that were published on the fifteenth of this month indicated that Mitchel was now the one hundred twentieth top American amateur golfer. C) The new rankings that were published on the 15th of this month indicated that Mitchel was now the 120th top American amateur golfer.
A chance node on a decision tree has four possible outcomes, each worth $100,000. The probabilities of the outcomes occurring are assessed as 10%, 27%, 43%, and 20%. What is the expected value of this chance node?
Fill in the blank(s) with the appropriate word(s).