Which of the following are intermediaries that receive fees for facilitating transactions in markets such as real estate, food, and used equipment in which there are a lot of small buyers and sellers?
A) manufacturers' agents
B) selling agents
C) commission merchants
D) merchandise brokers
E) sale mediators
D
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Which is NOT true about Adam Smith?
a. He was a leading advocate of free trade. b. He developed the concept of absolute advantage. c. He maintained that labor costs represent the major determinant of production cost. d. He stated that a favorable trade balance is possible only in the short run, as over time it would automatically be eliminated.
The following information is from the 2019 records of Fast Lane Racing Gear:
Bad debts expense is estimated by the aging-of-receivables method. Management estimates that $9000 of accounts receivable will be uncollectible. Calculate the ending balance of Allowance for Bad Debts, after the adjustment for bad debts expense, at December 31, 2019.
A) $5250
B) $13,000
C) $8000
D) $9000
Compute cost of goods sold.
Franklin Manufacturing provided the following information for the month ended March 31:
A) $19,600
B) $18,100
C) $21,100
D) $29,100
A company making tactical marketing decisions would identify:
a. which segments of the market to target. b. how to position against competitors. c. which trade shows to attend. d. how to coordinate the marketing department with the R&D department. e. how to measure the success of marketing efforts.