Bill and Josh are considering opening a retail store. They have identified their target market and location and are finalizing the details of the merchandise they will carry
Since the neighborhood is rundown and the customers in the area are very price-conscious, Bill and Josh want to offer goods from well-known brands, but at lower rates than the full retail prices of the products. They choose to stock excess production from manufacturers or goods that have remained unsold at other retailers. This is a description of a(n) ________ retailer.
A) off-price
B) specialty
C) discount
D) department
E) catalog
A
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All of the following employed persons who have no employer retirement plan would be eligible to set up a traditional IRA EXCEPT
A) Edna, age 72, a nurse B) Brent, age 40, a medical technician C) Jack, age 60, a plumber D) Miriam, age 26, a chemical engineer
In which of the following instances would a company most likely choose the carryforward option for a net operating loss?
A) The company expects lower tax rates in the future compared to the past. B) The company expects higher tax rates in the future compared to the past. C) The company expects lower earnings in the future compared to the past. D) The company expects higher losses in the future compared to the past.