Lilly's Apparel, a renowned apparel store, focuses on millennial customers and provides them with a customized clothing experience. The store helps the customers design clothes that appeal to their individual style. Lily's apparel has defined its target market by _____.

a. Religion
b. Educational qualifications
c. Geographic boundaries
d. Psychographic characteristics

Answer: d. Psychographic characteristics

Business

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The following information is available for Jack's, Inc. for the current month

Book balance end of month $7,000 Outstanding checks 675 Deposits in transit 4,000 Service charges 80 Interest revenue 40 What is the adjusted book balance on the bank reconciliation? A) $10,205 B) $7,635 C) $6,880 D) $6,960

Business

On January 1, 20A, Goldstein Company purchased a machine. The seller agreed that a total of $9,000 would be paid over a three-year period--$3,000 per year at the end of 20A, 20B, and 20C. At the time the machine was purchased, the market rate of interest was 10%. The amount that should be debited to the asset account, Machinery, on the date of purchase is (round to the nearest dollar)

A. $9,000. B. $9,948. C. $7,461. D. $9,016.

Business