retailing chapter 6 questions with verified answers
assets Ans✓✓✓ ______ are items or claims that a company has acquired through
past transactions or events
- found on the balance sheet
- example: inventory, cash and cash equivalents, property and land, accounts
receivable
assets Ans✓✓✓ are economics resources (inventory, buildings, computers,
fixtures) covered or controlled by a firm
assets management path Ans✓✓✓ _________ ______ _____ - increase asset
turnover by decreasing dollar amount of inventory in store but less inventory
could lead to fewer sales
bottom up planning Ans✓✓✓ _____ _______ ____ - involves lower level in
company when developing performance objectives that are then aggregated up
buildings
tech hardware
furniture and fixtures Ans✓✓✓ types of fixed assets
business unit and managers Ans✓✓✓ _______ ___________ accountable for
revenues, expenses, cash flow, and contribution to ROA they can control
cash and cash equivalents
merchandise inventory
, accounts receivable Ans✓✓✓ what are three current assets
cash and cash equivalents Ans✓✓✓ _____________ currency, checks, short-term
bank accounts, and investments that mature within there months or less.
chargeback free Ans✓✓✓ ______ ______________ the fee that retailers vendors
to pay when the provided merchandise does not meet the terms of the purchase
agreement
comparable - store sales growth Ans✓✓✓ ____________ - the sales growth in
store that have been open for over one year. also called same - store sales growth
crowdfunding Ans✓✓✓ method of raising money to support a project by
convincing a large group of people to donate money, often in relatively small
amounts
financial objectives Ans✓✓✓ _________ _______ - appropriate measure is
return on asset
fixed assets Ans✓✓✓ _____ _____ assets that require more than one year to
convert to cash.
Gross margin (%) Ans✓✓✓ - gauge performance of various merchandise items
- compare against other retailers
gross margin Ans✓✓✓ the difference between the price the customers pay for
merchandise. more specifically gross margin is net sales minus cost of goods sold.
assets Ans✓✓✓ ______ are items or claims that a company has acquired through
past transactions or events
- found on the balance sheet
- example: inventory, cash and cash equivalents, property and land, accounts
receivable
assets Ans✓✓✓ are economics resources (inventory, buildings, computers,
fixtures) covered or controlled by a firm
assets management path Ans✓✓✓ _________ ______ _____ - increase asset
turnover by decreasing dollar amount of inventory in store but less inventory
could lead to fewer sales
bottom up planning Ans✓✓✓ _____ _______ ____ - involves lower level in
company when developing performance objectives that are then aggregated up
buildings
tech hardware
furniture and fixtures Ans✓✓✓ types of fixed assets
business unit and managers Ans✓✓✓ _______ ___________ accountable for
revenues, expenses, cash flow, and contribution to ROA they can control
cash and cash equivalents
merchandise inventory
, accounts receivable Ans✓✓✓ what are three current assets
cash and cash equivalents Ans✓✓✓ _____________ currency, checks, short-term
bank accounts, and investments that mature within there months or less.
chargeback free Ans✓✓✓ ______ ______________ the fee that retailers vendors
to pay when the provided merchandise does not meet the terms of the purchase
agreement
comparable - store sales growth Ans✓✓✓ ____________ - the sales growth in
store that have been open for over one year. also called same - store sales growth
crowdfunding Ans✓✓✓ method of raising money to support a project by
convincing a large group of people to donate money, often in relatively small
amounts
financial objectives Ans✓✓✓ _________ _______ - appropriate measure is
return on asset
fixed assets Ans✓✓✓ _____ _____ assets that require more than one year to
convert to cash.
Gross margin (%) Ans✓✓✓ - gauge performance of various merchandise items
- compare against other retailers
gross margin Ans✓✓✓ the difference between the price the customers pay for
merchandise. more specifically gross margin is net sales minus cost of goods sold.
