Shopping products have a ____ inventory turnover and need ____ distribution outlets than convenience goods.
A. similar; more
B. higher; fewer
C. higher; more
D. lower; more
E. lower; fewer
Answer: E
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An annuity is a series of equal payments at equal time intervals.
Answer the following statement true (T) or false (F)
Interrogatories are written questions for which written answers are prepared by a judge
Indicate whether the statement is true or false
Which of the following is a term for the number of permitted records in a related entity?
A) Entity B) Attribute C) Cardinality D) Trigger
Uptown Bank has granted a line of credit of $80,000 with an interest rate of 7.5 percent and a compensating balance requirement of 2.5 percent to Jones Hardware. The compensating balance requirement is based on the total amount borrowed. What is the effective annual interest rate if the firm needs $55,000 for one year to finance its inventory?
A) 8.80 percent B) 9.44 percent C) 8.12 percent D) 7.69 percent E) 7.78 percent