An Intermediary Who Sells to Other Intermediaries,usually to Retailers in Consumer

question 85

Multiple Choice

An intermediary who sells to other intermediaries,usually to retailers in consumer markets,is referred to as a(n) __________.

• A)broker
• B)agent
• C)retailer
• D)distributor
• E)wholesaler

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Definitions:

Adjusted Cash Balance

The cash amount shown in a company's books after adjustments have been made for checks outstanding, deposits in transit, and other factors.

Bank Service Charge

Fees charged by banks for the various services and account maintenance provided to customers.

Outstanding Checks

Checks that have been written and recorded in the check issuer's accounting records but have not been cashed or cleared by the bank.

Adjusting Entry

Journal entries made at the end of an accounting period to allocate income and expenditures to the appropriate period.