Industrial distributors and their agents are typical types of intermediaries found in channels for consumer products.
Answer the following statement true (T) or false (F)
False
You might also like to view...
When a company provides services on account, the transaction would be recorded with a debit to:
A. Service Revenue. B. Accounts Receivable. C. Retained Earnings. D. Cash.
When developing a new product, concept testing should ideally be followed by the business analysis stage
Indicate whether the statement is true or false
Discuss the three elements of a cost management system
Singer and McMann are partners in a business. Singer's original capital was $40,000 and McMann's was $60,000. They agree to salaries of $12,000 and $18,000 for Singer and McMann respectively and 10% interest on original capital. If they agree to share remaining profits and losses on a 3:2 ratio, what will Singer's share of the income be if the income for the year was $15,000?
A) $9,000 B) $2,400 C) $1,000 D) $5,600