Answer:
3. Distribution
Explanation:
Distribution refers to making a product available to customers for purchase by transferring it from the source of manufacture to the retailers. Distribution is one of the essential components of marketing mix.
Channels to distribution are whole sellers, retailers, brokers and middlemen, and direct sales. Distribution entails all activities relating to supply of finished products to customers.
In the given case, Leon's work involves transportation of metal components as well as efficient movement of the finished systems from manufacturing unit to the warehouses and subsequently to distribution trucks. These represent activities of distribution.
Answer: d. Is established to protect the corporation's creditors.
Explanation:
A corporation's legal capital is the part of a company's equity that absolutely cannot be allowed to leave the company. It is illegal to distribute them as dividends or any other means.
The purpose of this is to ensure that the creditor's rights to assets in the company are protected in the event that some mishap should befall the company.
Answer:
The Federal Trade Commission Act
Explanation:
Answer:
company's acid-test ratio is 1.63. Option e
Explanation:
Acid test ratio is similar to current ratio. However, current assets difficult to liquidate such as inventory are usually not included in the total current asset computation
Given,
Cash = $ 42,250
Short-term investments = 60,000
Accounts receivable, net = 79,500
Merchandise inventory = 115,000
Prepaid expenses = 9,700
Accounts payable = 111,400
Acid test = (42250 + 60000 + 79500 + 9700)/111400
= 181750/111400
= 1.63
Option e.
