Which retail institution is organized into specific divisions for purposes of buying, promotion, customer service, and control?
a. department store
b. variety store
c. full-line discount store
d. retail catalog showroom
a
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Peter forgot to file his tax return by April 15. He did not file an extension. Peter finally filed his tax return on July 31 and had a remaining tax liability of $3,500. What is Peter's failure to file penalty? Assume he made all his payments on time.
A. $700. B. $350. C. $875. D. $525.
If ending inventory is understated, then cost of goods sold is overstated
a. True b. False Indicate whether the statement is true or false
With regard to spatial relationships, which of the following is considered to be public distance?
A. contact to 18 inches B. 18 inches to 4 feet C. 4 to 12 feet D. 12 feet to the limit of sight
All of the following are true of the number of days' sales uncollected ratio except:
A. Reflects the liquidity of receivables. B. Measures how much time is likely to pass before the current amount of accounts receivable is received in cash. C. Can be used for comparisons to other companies in the same industry. D. Can be used for comparisons between current and prior periods. E. Is most effective in evaluating the cash sales of a company.