According to the ________ hypothesis, new retailing forms often begin as low-margin, low-price, low-status operations to challenge established retailers; then become successful; and eventually take the place of the established retailers they had
challenged.
A) agent
B) broker
C) wheel-of-retailing
D) warehousing
E) retail life cycle
C
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Which of the following represents all activities directly related to the sale of goods and services to the ultimate consumer for personal, nonbusiness use?
A. Product development B. Production C. Retailing D. Manufacturing
Which of the following is not a reasonable control for fixed assets?
a. Proper authorization is required for acquisition and disposal of fixed assets. b. Fixed asset records show the location of each asset. c. Fully depreciated assets are immediately disposed of. d. Depreciation policies are in writing.
Data collected in social media often lend themselves to basic analysis involving frequencies, percentages and cross-tabulations
Indicate whether the statement is true or false
On January 1, Five Star Services has the following balances:
Accounts Receivable $26,000 (debit) Bad Debts Expense $0 Five Star Services has the following transactions during January: Credit sales of $100,000, collections of credit sales of $87,000, and write-offs of $18,000. Five Star Services uses the direct write-off method. At the end of January, the balance of Accounts Receivable is ________. A) $15,660 B) $21,000 C) $20,690 D) $39,000