Selling space is the largest proportion of total store space for which type of retailer?

Wild West Fashion expects the total costs of goods sold to be $30,000 in November and $60,000 in December for one of its young adult suits. Management also wants to have on hand at the end of each month 10 percent of the expected total cost of sales for the following month. What dollar amount of suits should be purchased in November?

What will be an ideal response?

When using the direct method, how is the sale of long-term investments for cash reported on the statement of cash flows?

a. Operating activity b. Investing activity c. Financing activity d. Noncash investing and financing activity