Independently owned firms that take title to the merchandise they handle, are classified as either full-service or limited-service, and go by names like industrial distributors are known as merchant wholesalers.
<h3>What are merchant wholesalers?</h3>
Merchant wholesalers are described as independent businesses that sell goods after purchasing them from the manufacturers. It is important to mention that the merchant wholesalers are the one that purchases goods and sells them to other third parties. Merchant wholesalers form an important part of indirect sales.
The merchant wholesalers are the ones that purchase the goods, store them, and handle them physically in bulk quantities. The merchant wholesalers sell the goods to the other retailers, but only in small quantities.
It can be concluded that independently owned firms that take title to the merchandise they handle, are classified as either full-service or limited-service, and go by names like industrial distributors are known as merchant wholesalers.
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Answer:
The correct anwer is A.
Explanation:
Giving the following information:
Cost of goods manufactured= $520,000
Ending work in process= $70,000
Raw materials used in the production of $80,000
Direct labor= $140,000
Allocated manufacturing overhead of $240,000
To calculate the beginning work in process, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
520,000= beginning WIP + 80,000 + 140,000 + 240,000 - 70,000
beginning WIP= 130,000
It is best that when teenagers get an account, that they get one that has no fees because they have a limited amount of money coming in.
In general, teenagers don't earn a lot of money, any bank account that they get therefore, should be one that doesn't reduce this little amount of money that they get.
It is therefore best that teenagers try to find accounts that have little or reduced fees. To this end, some banks offer teenage savings accounts that:
- Don't charge for ATM withdrawals
- Don't charge for transactions on a debit card
In conclusion, teenagers should try to get accounts that do not have fees attached so as not to reduce the limited income they probably get.
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Answer:
The number of degrees of freedom and the right-hand tail area α.
Explanation:
Chi Square Distribution
α is Significance level
If the p-value of hypothesis test < α , then we reject null hypothesis of the test.
So, α is basically a critical p-value which makes a rejection region in the right tail
Now, the statistic χ 2 also depends on the degrees of freedom
So, The value of χ2α in a particular situation depends on
the number of degrees of freedom and the right-hand tail area α.