Which of the following wholesaler's channel functions is demonstrated when a wholesaler holds inventories and thereby reduces inventory holding costs and risks of suppliers and customers?
A) financing
B) transporting
C) buying and assortment building
D) warehousing
E) bulk breaking
D
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Current assets divided by current liabilities is known as the
a. profit margin. b. current ratio. c. working capital. d. capital structure.
Cornelius Company purchased supplies on account. What account is credited?
What will be an ideal response?
If your professor for this class is an attorney, then
a. the fact you are a student creates an attorney client relationship with the professor. b. all discussions with your instructor are subject to attorney client privilege. c. all your legal problems this semester will be handled by the University without any additional tuition or fees. d. none of the above
Morse, age 35, is a bartender for the Nordic Restaurant in Nevada. Craig brought twenty of his friends to the restaurant to celebrate a rare soccer victory and he ordered four rounds of drinks. The bill totaled $250 . Craig later learned that Morse failed to renew her bartender's license, and Nevada requires a license to be a bartender. Craig refuses to pay, claiming the contract is unenforceable
because Morse lacks a license. Requirements for such a license in Nevada include that the applicant be 21 years old, a non-felon, and pay a $100 fee. a. The contract is voidable at Craig's option. b. This contract must be in writing to be enforceable. c. The contract is valid and Craig must pay the bill. d. The contract is void because Morse lacks the appropriate state license.