What design guidelines help retail layouts to maximize customer exposure to products?
What will be an ideal response?
1. Locate the high-draw items around the periphery of the store.
2. Use prominent locations for high-impulse and high-margin items.
3. Distribute what are known in the trade as "power items" to both sides of an aisle, and disperse them to increase the viewing of other items.
4. Use end-aisle locations because they have a very high exposure rate.
5. Convey the mission of the store by carefully selecting the position of the lead-off department.
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The Vernon Corporation was formed on January 2, 2018. The company sold 20,000 shares of $8.00 par value stock for $20.00 per share. On July 1, 2018, Vernon bought back 4,000 shares of stock for $24.00 per share. The treasury stock was resold on September 1, 2018 for $32.00 per share.Which one of the following is the correct entry to record the resale of treasury stock?
A.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Retained earnings | ? | 32,000 |
B. DR Cash 128,000 CR Common stock 128,000
| DR Cash | 128,000 | ? |
| CR Common stock | ? | 128,000 |
C.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Paid-in capital from treasury stock | ? | 32,000 |
D.
| DR Cash | 128,000 | ? |
| CR Treasury stock | ? | 96,000 |
| CR Gain on sale of treasury stock | ? | 32,000 |
Which financial statement reports the amount of accumulated depreciation?
A. Balance sheet B. Income statement C. Statement of cash flows D. Statement of stockholders' equity
A fur dealer probably would use which of the following inventory methods?
a. Specific identification b. FIFO c. Average-cost d. LIFO
What is the guiding concept behind LinkedIn?
A) connecting with high-school classmates and old friends B) providing a point-to-point user connection among media C) establishing a "who you know" network of business colleagues D) setting parameters for professional networking