The Following Entry Is Taken from the Journal of a Merchandising

question 82

Multiple Choice

The following entry is taken from the journal of a merchandising company:
This entry results in

• A)an increase in operating expenses.
• B)an increase in Cost of Goods Sold.
• C)an increase in inventory.
• D)a decrease in gross margin.

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Definitions:

Corporation Names

Legal names under which corporations are registered to conduct business, required to be unique within the same jurisdiction.

Big Box

A big box refers to a large retail establishment, usually part of a chain, that offers a wide variety of merchandise in a single location, typically with a warehouse or department store design.

Nonprofit Corporation

An organization whose primary objective is to support an issue or matter of private interest or public concern for non-commercial purposes, without intending to generate profit for owners.

Transfer Rights

The legal ability to transfer one's interest or rights in a piece of property, asset, or contract to another party.