Which of the following is the number of different product lines available at a particular retail store?
A) merchandise breadth
B) inventory depth
C) merchandise depth
D) retail diversity
E) point-of-sale range
A
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Abby and Bailey are partners who share income in the ratio of 2:1 and have capital balances of $60,000 and $30,000, respectively. With the consent of Bailey, Sandra buys one-half of Abby's interest for $35,000 . For what amount will Abby's capital account be debited to record admission of Sandra to the partnership?
a. $40,000 b. $15,000 c. $35,000 d. $30,000
The development of the MP3 file format for music was accompanied by the increased popularity of peer-to-peer (p-to-p) file swapping among music fans
Indicate whether the statement is true or false
A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4900. The company calls these bonds at a price of $93,000 the gain or loss on retirement is:
A. $2100 gain. B. $7000 gain. C. $2100 loss. D. $0 gain or loss. E. $7000 loss.
The practice of buying goods and services from other companies is commonly known as vertical integration.
Answer the following statement true (T) or false (F)