Describe how nonstore retailing is expected to grow in the coming decade
What will be an ideal response?
Though most purchases are still made in stores, more and more consumers are now shopping using a broad range of nonstore alternatives, including online shopping, vending machines, and m-commerce. Easy-to-use Web sites, improved online service, and sophisticated search engines have all helped online business grow at a fast rate. All types of retailers now sell online, and more than 70% of adult Americans having made an online purchase. M-Commerce is the newest form of nonstore retailing, and it is expected to grow quickly. Well over 100 million Americans have smart phones, and mobile commerce will allow them to purchase anytime, anywhere. Retailers now offer specially designed "apps" so consumers can conduct transactions through their smart phones.
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A partner has the power to dissociate a partnership even though she does not have the right.
Answer the following statement true (T) or false (F)
Which of the following is not true regarding restrictions on dividend payments?
a. These restrictions typically arise when loan agreements prohibit the registrant from paying cash dividends without the consent of the lender. b. In certain cases, restrictions at a subsidiary-company level exist such that the registrant's subsidiary companies may not transfer amounts to the registrant without the consent of a third party. c. Amounts subject to restrictions must be disclosed. d. The auditor will typically confirm with shareholders whether there are any side agreements regarding dividend restrictions.
Expectancy theory postulates all of the following except that:
A. employees are controlled by their external environment. B. outcomes will be of value to the individual. C. performance will lead to specific outcomes. D. effort will lead to performance.
Mullis Company sold merchandise on account to a customer for $625, terms n/30. The journal entry to record this sale transaction would be:
A. Debit Accounts Receivable $625 and credit Cash $625. B. Debit Cash of $625 and credit Sales $625. C. Debit Cash of $625 and credit Accounts Receivable $625. D. Debit Sales $625 and credit Accounts Receivable $625. E. Debit Accounts Receivable $625 and credit Sales $625.