A major advantage to the retail method of accounting is the _____
a. ease of bookkeeping
b. accuracy of the cost complement figure
c. ability to prepare a profit-and-loss statement on the basis of book inventory figures
d. freedom from even having to take a physical inventory
c
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Answer the following statements true (T) or false (F)
1. All intangible assets must be amortized each year. 2. According to Generally Accepted Accounting Principles, if the fair value of goodwill decreases below its book value, an impairment loss must be recorded. 3. A trademark should not be amortized over its useful life. 4. According to Generally Accepted Accounting Principles, goodwill must be amortized 5. Goodwill is only recorded by an acquiring company when it purchases another company and pays more for that company than the market value of its net assets.
Which of the following is true regarding the ticketing and marking process?
A. It refers to marking off inventory that has been removed from the retailer's shelves. B. It is more efficient for a retailer to perform these activities in its storeroom. C. It is more efficient for a retailer to perform these activities at a distribution center than in its stores. D. The retailer should never consider having the vendor ship floor-ready merchandise. E. It is more efficient to perform this task when the product is in the store aisles and ready to be shelved.
Research shows that which one of the following is not a strategy used by firms engaged in successful turnarounds?
A. global expansion B. piecemeal productivity improvements C. selective product and market pruning D. asset and cost surgery
Often the task of lead qualification is handled by a telemarketing group or a sales support person who frees the sales representative from the time-consuming task by engaging in:
A. prequalification B. database mining C. co-opting D. cold calling E. networking