For what reason might retailers like Target select an accounting period that ends on or near the end of January?
a. The company originally started business operations on that date.
b. Business activity has reached a slow period that is suited to the preparation of its financial statements at the end of the year.
c. The company's CPAs are attempting to spread out the workload.
d. The Internal Revenue Service requires merchandise companies to select such a date for their fiscal year.
b
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Answer the following statements true (T) or false (F)
1. Meeting costs are a standard line item in most company budgets. 2. Meetings are an efficient way to make routine announcements and disseminate information. 3. Groupthink is the tendency of a group to conform to ideas simply because the general sense of the group has moved in a particular direction and the members of the group feel committed to continue in the same line of thought. 4. A good reason to call a meeting is to allow everyone the opportunity to get away from their desks.
On May 1, a company purchased inventory costing $2,000 on account with terms 2/10, n/30. On May 18, the company pays for this inventory and records which of the following using a perpetual inventory system?1.Accounts Payable2,000 Cash 2,0002.Accounts Payable1,960 Inventory40 Cash 2,0003.Accounts Payable2,000 Inventory 40 Cash 1,9604.Cash2,000 Accounts Payable 2,000
A. Option 1 B. Option 2 C. Option 3 D. Option 4
A two-tailed test is a hypothesis test in which the rejection region is _____
a. in both tails of the sampling distribution b. in one tail of the sampling distribution c. only in the lower tail of the sampling distribution d. only in the upper tail of the sampling distribution
________ are the costs that customers incur when they change suppliers
A) Network costs B) Switching costs C) Overhead costs D) Opportunity costs