Determine the net amount due on the following invoice: Invoice amount: $4,209.50; terms: 2/10, n/45; paid within the discount period; returned merchandise: none; shipping charges: $190.00

Myles Software, Inc., a wholesale distributor of software computer products, borrowed $100,000 from the Gem Finance Co. secured by Myles' present and future inventory and accounts receivable and the proceeds thereof. The parties signed a financing statement which described the collateral and was filed in the appropriate state office. Myles subsequently defaulted in the repayment of the loan and Gem attempted to enforce its security interest. Myles contended that Gem's security interest was unenforceable. In addition, Johns, who subsequently gave credit to Myles without knowledge of Gem's security interest, is also attempting to defeat Gem's alleged security interest. The security interest in question is

A. Valid in respect to Myles but not as to Johns. B. Invalid in respect to both Myles and Johns. C. Invalid in respect to Myles but not as to Johns. D. Valid in respect to both Myles and Johns.

Which of the following refers to externally directed incentives offered to the ultimate consumer?

a. personal selling c. seller support b. trade promotions d. consumer promotions