One Guideline for Determining the Arrangement and Space Allocation of a Retail

question 273

True/False

One guideline for determining the arrangement and space allocation of a retail store is to place high-impulse and high-margin items in the very back of the store.

---

Definitions:

Revaluation Model

An accounting method allowing for the increase or decrease of an asset's value on the balance sheet, based on current fair values.

Fair Value

The price at which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

Gain on Sale

The financial profit gained from selling an asset for more than its book value.

Opening Retained Earnings

The amount of retained earnings at the beginning of a financial period, representing the accumulated profits that have not been distributed to shareholders as dividends.