As a type of retailer, category specialists offer
A. a broad assortment of merchandise.
B. a narrow but deep assortment of merchandise.
C. highly attractive loyalty programs.
D. a limited, but complementary merchandise assortment.
E. highly trained personnel throughout the stores.
Answer: B
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On April 1 of the current year, a company traded an old machine that originally cost $32,000 and that had accumulated depreciation of $24,000 for a similar new machine that had a cash price of $40,000.1. Prepare the entry to record the exchange under the assumption that a $5,000 trade-in allowance was received and the balance of $35,000 was paid in cash. Assume the exchange transaction had commercial substance.2. Prepare the entry to record the exchange under the assumption that instead of a $5,000 trade-in allowance, a $12,500 trade-in allowance was received and the balance of $27,500 was paid in cash. Assume the exchange transaction has commercial substance.
What will be an ideal response?
Intent to deceive is an element of fraud.
Answer the following statement true (T) or false (F)
Oliver Douglas opened a repair shop for computer printers. Most of his loans were long term, but he got a short term loan of $2,645 for office supplies at a rate of 8.25% exact simple interest (365-day year). On the due date, Oliver repaid a total of $2,680.87 . What was the length of the loan period? (To the nearest day.)
Indicate whether the statement is true or false
Each ________ of a relation corresponds to a record that contains data values for an entity
A) Column B) Entity C) Attribute D) Row