________ Is a Reduction in a Retail Price That Is

question 10

Multiple Choice

________ is a reduction in a retail price that is necessary if the items will not sell at the full selling price to which they have been marked up.

• A) Stock turn rate
• B) Markdown
• C) ROI
• D) Markup
• E) Net margin

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Definitions:

Equity

The value of an ownership interest in a company, calculated as company assets minus its liabilities and representing the net assets owned by shareholders.

Acquisition Date

The exact date on which control of a business is obtained by the acquirer, upon which the acquirer applies acquisition accounting.

Non-controlling Interest

The portion of equity interest in a subsidiary not attributable to the parent company.

Retained Earnings

The portion of net profits not paid out as dividends but retained by the company to be reinvested in its core business or to pay debt.