Solutions Inc. negotiates the sale of materials between lumberyards and commercial construction companies, receiving a 15 percent commission on all transactions. Solutions Inc. is considered a ________
A) distributor
B) broker
C) retailer
D) manufacturer
E) supplier
B
You might also like to view...
Exhibit 9-4 During 2016, the Thomas Company began selling a new type of machine that carries a two-year assurance-type warranty against all defects. Based on past industry and company experience, estimated warranty costs should total $2,000 per machine sold. During 2016, sales and actual warranty expenditures were $4,000,000 (80 machines) and $44,000, respectively. Thomas uses the GAAP approach
of accruing warranty expense (and the related liability) in the year of the sale. ? Refer to Exhibit 9-4. What amount should Thomas report as its warranty expense for 2016? A) $0 B) $ 44,000 C) $160,000 D) $320,000
Which of the following will help a firm accelerate the collection of customers' payments and the conversion of those payments into cash??
A. Lockbox arrangement? B. ?Controlled disbursement accounts C. ?Economic order quantity D. ?Payables concentration E. ?Zero-balance accounts
The ________ access mode allows the subject only write access to the object
A. read B. append C. write D. execute
In a nested query, the outer query is evaluated first
a. True b. False Indicate whether the statement is true or false