Which of the following functions of marketing involves sorting products according to their size and quality, to reduce their need for inspection, and sampling?
a. the buying function
b. the standardization and grading function
c. the storing function
d. the market information function
e. the risk-taking function

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)