Which of the following is a limited-function merchant wholesaler?
A. a broker
B. an auction company
C. a general-line wholesaler
D. a rack jobber
E. a manufacturers' agent
Answer: D
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The sales returns and allowances account reduces sales on the income statement
Indicate whether the statement is true or false
Miranda of the local Fried Chicken hotspot tells Willie, the owner, that she does not understand his instructions to manage the frying area. She says in addition to Willie screaming orders at her, Willie is asking too many questions, and with the customers demanding things, she has trouble concentrating on any one task. Willie thought Miranda just did not care to follow instructions. He did not realize that she was doing her best, but was just overloaded with too many people needing her attention. This is an example of which of the barriers to communication discussed in the book?
a. Filtering b. Emotions c. Information Overload d. Differing Perceptions
The portion of the master production schedule farthest into the future is often frozen to reduce forecasting requirements
Indicate whether the statement is true or false
On October 1, Goodwell Company rented warehouse space to a tenant for $2,500 per month and received $12,500 for five months rent in advance on that date, with the lease beginning immediately. The cash receipt was credited to the Unearned Rent account. The company annual accounting period ends on December 31. The Unearned Rent account balance at the end of December, after adjustment, should be:
A) $5,000. B) $7,500. C) $12,500. D) $2,500. E) $10,000.