Which of the following statements about merchandise brokers is true?
A) Brokers are paid salaries by the manufacturers for whom they work.
B) Brokers never take title to the merchandise they sell.
C) Brokers work for manufacturer-owned intermediaries.
D) Brokers typically represent sellers on an ongoing basis.
E) Brokers work in industries with only a few, very large buyers and sellers.
B
You might also like to view...
Discuss the primary sets of people in an organization who affect job satisfaction. What are the reasons a person may be satisfied with these people?
What will be an ideal response?
Which of the following items is consistent with earnings being informative about current performance and informing the analyst that level of current earnings are not sustainable?
a. The firm recognizes an unexpected gain b. The firm recognizes a fair value gain on a financial asset as a result of a favorable move in interest rates. c. The firm recognizes additional expenses this period due to pre-opening costs associated with new stores. d. The firm experiences a large jump in sales and earnings as a result of successful research and development of new products.
Cushman Company had $842,000 in sales, sales discounts of $12,630, sales returns and allowances of $18,945, cost of goods sold of $399,950, and $289,650 in operating expenses. Gross profit equals:
A. $810,425. B. $410,475. C. $120,825. D. $423,105. E. $429,420.
Which statement is true about medical expense coverage under the boatowners package policy?
A) It pays the medical expenses of a covered person who is injured while in the boat. B) It pays the medical expenses of another boat operator who is injured as a result of negligent operation of the boat by the insured. C) It pays the medical expenses of a swimmer or a water skier being towed by another boat if he or she is hit by the insured's boat. D) It pays the medical expenses of someone on a dock or pier if the insured's boat hits the dock or pier and injures him or her.