Ulta Beauty has built a fast-growing hair and Cosmetics Empire in America's strip malls and is ready to go-toe-to-toe with the big department stores (Macy's and Nordstrom). The company owes success to an all-inclusive ethos, selling everything from mass-marker brands to high-end cosmetics to professional hair-care products, all in a format that lets customers try before they buy. In 1994, Ulta was one of the first to offer consumers a rewards program, and this was a relatively new concept in retail at the time. The program is called Ultamate, and is one of the nation's biggest loyalty programs, with 20.6 million members - and members account for an astounding 80% of the firm's sales. Loyalty programs are an example of .

Consider the scenario below and let us know if you believe lauren smith's actions to be ethical. let us know why or why not. lauren smith is the controller for sports central, a chain of sporting goods stores. she has been asked to recommend a site for a new store. lauren has an uncle who owns a shopping plaza in the area of town where the new store is to be located, so she decides to contact her uncle about leasing space in his plaza. lauren also contacted several other shopping plazas and malls, but her uncle’s store turned out to be the most economical place to lease. therefore, lauren recommended locating the new store in her uncle’s shopping plaza. in making her recommendation to management, she did not disclose that her uncle owns the shopping plaza. if management decided to go with lauren's uncle's plaza, what additional information would be needed in the financial statements?

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?