Andy Cole sells fiberglass resins and fiberglass wire to the many small sailboat manufacturers in southern California. He takes title to the products but does not handle them. Instead, the resins are shipped in 50-gallon barrels directly from the producer to the sailboat manufacturers. Cole is a
A. cash-and-carry wholesaler.
B. specialty wholesaler.
C. manufacturers' agent.
D. drop-shipper.
E. selling agent.
Answer: D
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Calculate answers to the following scenarios using present value tables: a. If $100 is deposited into an account paying 8 percent simple interest, what will be the value of the account in 5 years? b. If an accumulation of $8,000 is desired at the end of
4 years, what amount must be deposited now to accomplish that goal, assuming 12 percent interest compounded annually? c. What is the present value of $300 received at the end of each year for 4 years, assuming 9 percent interest compounded annually? d. What amount must be deposited at the bank today to grow to $10,000 in 5 years, assuming 14 percent interest compounded semiannually?
Weston, Inc., produces widgets. To manufacture a new type of widget, it took 12 iterations before the process reached a steady state of 30 hr. If Weston has an 84% learning rate, use the logarithmic approach to calculate the time it took to manufacture the first widget.
A. 56.05 hr B. 57.09 hr C. 54.59 hr D. 55.07 hr
Which policy details the extent to which e-mail messages may be read by others?
A. Acceptable use policy. B. E-mail privacy policy. C. Internet use policy. D. None of the above.
Which enterprises must report under IFRS in Canada?
A) All corporations, government agencies and private companies. B) Public companies and private companies whose shareholders' equity is in excess of $500,000,000 at any particular year end. C) Publicly accountable enterprises. D) Public companies, private companies and not-for-profit organizations.