Skye West Is a Manufacturers' Agent

question 210

Multiple Choice

Skye West is a manufacturers' agent.Skye is most likely to have responsibilities like those of a

• A)wholesaler's order taker.
• B)producer's order taker.
• C)producer's supporting salesperson.
• D)retail order taker.
• E)producer's order getter.

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Definitions:

Petty Cash

A small amount of cash on hand used for minor expenses.

Merchandise Inventory

Refers to the goods a company has on hand for the purpose of resale to customers in the normal course of business.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement, to ensure they are in agreement and to identify any discrepancies.

Note Receivable

Represents a financial asset indicating money owed to the holder by a debtor, usually accompanied by a promissory note specifying repayment terms.