Refer to the information above. Compute the amount of cash payments for operating expenses

A party who filed a security interest in inventory on April 1, would have a superior interest to which of the following parties?

A. A holder of a mechanic's lien whose lien was filed on March 15. B. A holder of a purchase money security interest in after-acquired property filed on March 20. C. A purchaser in the ordinary course of business who purchased on April 10. D. A judgment lien creditor who filed its judgment on April 15.

A factory outlet represents an example of a(n) _____

a. independent vertical marketing system b. partially integrated vertical marketing system c. fully integrated vertical marketing system d. distorted vertical marketing system