Retailers can also be classified by the length and breadth of their product assortments. In terms of product line, what kind of retailer is Indiana Wood?
A) supermarket
B) specialty store
C) category killer
D) department store
E) convenience store
B
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Answer the following statements true (T) or false (F)
1. A moral manager does not focus proactively on ethical issues nor does he or she try to purposely go against the social and legal norms that are expected of the firm by society. 2. The relationship between stakeholders and the firm is based on mutual moral and ethical commitments. 3. A low level of trust allows stringent corporate governance structures to be developed to monitor the actions of the top-level managers. 4. The triple bottom-line is not just a link between stakeholders and the firm but is also a valuable tool the firm uses to enhance its long-term sustainability from both a financial and a nonfinancial perspective. 5. A benefit corporation is an organization that integrates financial, social, and environmental objectives.
Refer to the following selected financial information from Graceworks, Corp. Compute the company's days' sales in inventory for Year 2. (Use 365 days a year.) Year 2 Year 1 Merchandise inventory281,000? 263,500? Cost of goods sold476,400? 423,100?
A. 227.3 B. 221.0 C. 242.4. D. 215.3. E. 201.9
Westwood Clothing Store reported the following selected items at June 30, 2017 (last year - 2016 - amounts are also given as needed)
Cash $ 80,000 Accounts Receivable, net: June 30, 2017 June 30, 2016 45,000 53,000 Accounts Payable 55,000 Cost of Goods Sold 288,000 Merchandise Inventory June 30, 2017 June 30, 2016 70,000 90,000 Net Credit Sales Revenue 480,000 Long-Term Assets 220,000 Long-Term Liabilities 140,000 Other Current Assets 150,000 Other Current Liabilities 130,000 Short-term Investments 40,000 Compute Westwood's acid-test ratio for 2017. Show your computations. (Round the answer to 2 decimal places.) What will be an ideal response
The financial statements of Gregg Co. reported wages expense of $160,000 during Year 2, wages payable of $16,000 at the end of Year 1, and wages payable of $22,000 at the end of Year 2. What amount of cash was paid for wages during Year 2?
A. $154,000 B. $176,000 C. $144,000 D. $160,000