Morefield Custom Design sends 30 recliners by rail to Danville Furniture. To show where the goods will be shipped and who gets them when they arrive, Morefield will obtain ____, which can be used as collateral in a secured transaction
a. a warehouse receipt
b. a bill of lading
c. chattel paper
d. a deposit account
b
Business
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Arbitration is always legally binding
a. True b. False Indicate whether the statement is true or false
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The public must be provided with adequate advance notice of scheduled federal administrative agency meetings and agendas
a. True b. False Indicate whether the statement is true or false
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Best Tools maintains an average finished goods inventory of $15 million and its annual cost of goods sold is $180 million. How many times per year do they turn over their inventory?
A) 8.33 B) 12 C) 10 D) 15
Business
When determining a cost structure for a business model, equipment lease payments would be an example of a _____ cost.
A. fixed B. variable C. semi-variable D. static
Business