What Is the 40-30-20-10 Rule in Retailing

question 105

Multiple Choice

What is the 40-30-20-10 rule in retailing?

• A) A way of figuring who your best and worst customers are
• B) A formula for calculating the ratio of expenditures on signage, displays, advertising, and interior decorating
• C) An expression of the decline of the value of store space as you move front to back in the store
• D) The percentage of customers who move straight into a store, go right, go left, leave before fully entering

Identify the costs that can be capitalized and those that should be expensed in relation to intangible assets.

Recognize the criteria for the recognition of intangible assets in financial statements.

Differentiate between research and development costs in accounting for intangible assets.

Understand the concept and measurement of fair value according to AASB 13.

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Definitions:

Muscle Weakness

A reduction in the strength of one or more muscles, which can affect the ability to move and perform daily activities.

Hemostasis Phase

The first stage of wound healing, when the body acts to stop bleeding through clot formation and blood vessel constriction.

Deep Laceration

A severe cut or tear in the skin or flesh that is often deeper than it is wide, requiring professional medical attention.

Ototoxicity

The property of being toxic to the ear, specifically the cochlea or auditory nerve and sometimes the vestibular system, leading to hearing loss or imbalance.