Why do stores locate in saturated trade areas?
A) to decrease competition
B) to access high customer traffic
C) to take advantage of tax breaks
D) to create retailer cooperatives
E) to standardize the service mix
B
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The internal audit department at Monument Company receives electronic exceptions reports for all sales transactions entered over $10,000 in total. This process is performed for which purpose?
a. Drafting financial statements. b. Monitoring revenue transactions. c. Providing management reports to the controller. d. Providing suggestions for operational improvement.
Tableware Unlimited Company plans to sell china and other dining-related items over the internet. The company plans to begin business on January 1, Year 1. The company's accountant has prepared the following sales budget for the first quarter of Year 1:
In anticipation of preparing a cash budget, the accountant needs to compute the expected monthly cash collections. Because the company is new and has no collection experience of its own, the accountant contacted an industry trade group and obtained the following industry collection data:Collections on account:70% in the month of sale20% in the month following sale6% in the second month following
saleUncollectible accounts have averaged 4% of receivables. The company gives a 2% discount for payments made by customers during the month of sale. Required:Prepare a schedule of cash collections from sales by month and in total for the first quarter. What will be an ideal response?
Identify the five components of emotional intelligence (EI). Discuss how each of these factors contributes to the success of a leader or manager.
What will be an ideal response?
Which of the following is not classified as a support activity reported by not-for-profit entities?
A. Management expenses. B. Program expenses. C. Fund-raising expenses. D. General expenses of operating the not-for-profit entity.