compare service concern from merchandising business as a far as the manner of generating income and concern

Q: stinguish between a Merchandisers Income Statement and a Manufacturing Companies In

A: An income statement is a component  financial statement that shows you the company's income and…

Q: What is the differences between financial statements of a manufacturing and a merchandising…

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: Preparing profit and Loss account and balance sheet is the objectives of a. Cost Accounting b. All…

A: The main aim of financial accounting is to show the financial performance of the company from doing…

Q: how managers (internal user) and customers (external user) use accounting information?  Give one…

A: Introduction:- Users of accounting information are classified into two types as follows under:-…

Q: Identify the following questions as most likely to be asked by an internal (I) or an external (E)…

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: Write a research on the Income Statement of a Merchandising Company.

A: Merchandising Company In a simple word the word Merchandising which describes as buy the goods and…

Q: how a furniture store might evaluate potential investment opportunities to ensure that decisions…

A: It is a crucial task to evaluate an investment option as it will help to minimize the risk and to…

Q: "Do the steps in the accounting cycle for a merchandising company differs from the steps in the…

A: Accounting cycle is a process to identify, analyse and record the monetary transactions of a firm.…

Q: How is accounting for service businesses different than accounting for merchandising businesses?

A: Services business: A business that provide services to its customers is called service business.…

Q: Indicate whether the following financial statement items apply to a manufacturer, a merchandiser, or…

A: Definition: Manufacturing businesses: This is a business that buys raw materials, processes those to…

Q: Distinguish between manufacturing-, merchandising-, and service-sector companies?

A: Manufacturing companies are the  ones which procure raw materials and carry out manufacturing…

Q: ial rep

A: Financial Reporting Servicing Whether it's production or service, there are various divisions that…

Q: The income statement of a merchandising company includesa major type of cost that does not appear in…

A:

Q: describe the factors that drive sales and revenue: Income Advertising Preferences Pricing

A: Income : Income is the money received by a person or a company in exchange for labour, the…

Q: comparison equity and revenue between service and retail industry

A: Definition: Service businesses: Service companies involve in selling services, collecting cash for…

Q: Describe how manufacturing, merchandising and service-sector companies differ from one another?

A: Manufacturing Companies: Merchandiser is a person or organization who buys goods with the purpose of…

Q: Describe merchandising activities and identify income components for a merchandising company

A: merchandising activities Merchandising activities involve buying goods or products from the…

Q: Choose the correct. Which of the following information items with regard to a major customer must be…

A: Answer:   Option c.

Q: Represent (In Figure form) the Income Statement of Service and merchandising sector company.

A: Income statement is described as a financial statement which consists of the revenues and expenses…

Q: What distinguishes a merchandising business from a service business?

A: Merchandising Company and Service Company: A merchandising company generates income by selling goods…

Q: Identify and discuss three differences between accounting for service businesses and accounting for…

A: Definition: Merchandising businesses: Merchandising companies that buy goods from suppliers, or…

Q: What is the distinctionbetween retail and wholesale merchandising companies?

A: The Distinction between Merchandising and Manufacturing Companies are given below as,

Q: How does reporting information for a merchandising company differ from financial reporting for a…

A: Merchandising Company:   A merchandising company is a type of company that engages in the purchase…

Q: 1.) Explain one difference between manufacturing and merchandising business. 2.) Why is it that…

A: Solution:- 1) Explanation of one difference between manufacturing and merchandising business as…

Q: The GAAP is an acronym that represents which of the following?Choose one answer.a. Principles for…

A: GAAP refers to as the Generally Accepted Accounting Principles.

Q: Providing information about the performance and fi nancial position of companies so thatusers can…

A: Communicating financial information is one of the basic need of accounting. Its company’s…

Q: Assess the objectives of financial management and the role of different stakeholders in the…

A: By projecting your revenue and expenses, you can get a more accurate view for how successful your…

Q: (a) How are the components of revenues and expenses different for a merchandising company? (b)…

A: There are generally two types of business organisations-merchandising businesses which sale goods…

Q: What is cost of goods sold, how to calculate cost of goods sold for manufacturing, merchandising and…

A: 1.Cost of goods sold : it the the cost incurred or value of  goods which are sold.   2 Calculation…

Q: Which of the following represents the components of the income statement for a service business?…

A: For a service business, there is no goods that are purchased or sold. It only provide services to…

Q: the differences between service business and merchandising business?

A: Merchandise business is a kind of business wherein revenues are earned by providing or selling goods…

Q: What is meant by customer-profitability analysis? Give an example of an activity that might be…

A: Customer Profitability Analysis:  It is the process of ascertaining the amount of revenue earned…

Q: What is cost principle and give example of business situation of it

A: The cost principle is an accounting principle that requires assets, liabilities, and equity…

Q: how important does the owner /manager believe cost information is the success of the business?

A: Cost accounting is an accounting system which provides information about all the costs incurred in…

Q: Merchandising companies have financial statements that are more complex than manufacturing…

A: Merchandising companies are companies engaged in buying and selling goods. Manufacturing companies…

Q: Why is credit approval an important part of the revenue cycle? And Why should accountants…

A: A cycle indicating a set of business activities and its information processing operations that…

Q: what is sale revenue in retail industry? what is service revenue in service industry? what is…

A: Revenue represents the income generated by the entity either through business operations or through…

Q: Describe a merchandising company, and give an example.

A: Merchandising firms, also called merchandising companies, are more commonly known as retail…

Q: Understand the components of a merchandising company’s income statement.

A: Preparations of income statements help the merchandise company to know how much gross profit or net…

Q: Discuss how a furniture store might evaluate potential investment opportunities to ensure that…

A: It is a vital to evaluate an investment option as it helps minimize the risk and to anticipate…