A 50 percent markup at retail is equivalent to a 100 percent markup at cost
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True
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The majority of purchase decisions are still made in retail stores
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Global Inc had net income for 2015 of $24,000 . It declared and paid a $13,000 cash dividend in 2015 . If the company's retained earnings for the end of the year was $39,600, what was the company's retained earnings balance at the beginning of 2015?
a. $28,600 b. $50,600 c. $76,600 d. $2,600
Marketing opportunities create problems for managers because they must determine whether and how to respond to take advantage of the opportunity
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Tangshan Mining issued $10,000 of commercial paper for $9,925 for 60 days. Based on this information, the effective annual rate of interest on the commercial paper would be about 10 percent
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