Most stores find it most practical to use a flexible markup, which assigns various markup percentages to different types of products

The difference between the current spot price and the futures price is known as the

A) spread. B) barrier. C) basis. D) open interest.

Samantha's Sporting Goods had net assets consisting of the following:

Book Value Fair Value Cash $150,000 $150,000 Inventory 820,000 960,000 Building and Fixtures 330,000 310,000 Liabilities (90,000 ) (88,000 ) Pedic Incorporated purchased Samantha's Sporting Goods, and immediately dissolved Samantha's as a separate legal entity. Requirement 1: If Samantha's was purchased for $1,000,000 cash, prepare the entry recorded by Pedic. Requirement 2: If Samantha's was purchased for $1,500,000 cash, prepare the entry recorded by Pedic. What will be an ideal response?