For What Reason Might Retailers Like Target Select an Accounting

question 27

Multiple Choice

For what reason might retailers like Target select an accounting period that ends on or near the end of January?

• A) The company's CPAs are attempting to spread out the workload.
• B) The Internal Revenue Service requires merchandise companies to select such a date for their fiscal year.
• C) The company originally started business operations on that date.
• D) Business activity has reached a slow period that is suited to the preparation of its financial statements at the end of the year.

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Definitions:

Service Gap

Results when a service fails to meet the expectations that customers have about how it should be delivered.

Knowledge Gap

The difference in understanding or information between individuals or groups, especially in relation to access or comprehension of specific subject matter.

Tangibles

Physical items or goods that can be seen, touched, and measured, as opposed to services or digital products.

Responsiveness

The ability of a company, service, or product to react quickly and positively to customer needs or changes in the market.