In terms of the differences between countries with respect to distribution systems, there is a tendency for lesser retail concentration in developed countries
Indicate whether the statement is true or false.
FALSE
There is a tendency for greater retail concentration in developed countries. Three factors that contribute to this are the increases in car ownership, number of households with refrigerators and freezers, and number of two-income households.
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The legislative branch of the U.S. federal government is ________
A) monocameral B) bicameral C) tricameral D) polycameral
Blind Faith Company reported the following data with regard to its first quarter of operations: Sales revenue $180,000 Interest revenue 3,000 Gain on sale of machine 7,500 Cost of goods sold 67,500 Salaries and wages 12,000 Decline in inventory, LCM (temporary) 5,500 Annual property tax 4,500 The expected annual income tax rate is 40 percent. Blind Faith should report net income on the first
quarter interim financial statements of a. $0. b. $61,425. c. $63,225. d. $65,925.