28. The process of selling services or products to another business, which typically then sells to the consumer.
Q: 1. How does the cost accounting function assist in the management of the business? 5. How do the…
A: Cost Accounting: It is a part of managerial accounting and total cost of production of a business…
Q: 19-Which of the following will be called as a Merchandising Business? a. Receives a loan from bank…
A: A merchandising business is one of the most common types of businesses. A merchandising is a…
Q: ) Discuss the potential sources of synergy, should a company acquire another company. Incorporate…
A: An acquisition is the purchase of most or all of the shares of one company in order to gain control…
Q: 1. "The steps in the accounting cycle for a merchandising company are different from the accounting…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want a…
Q: What are the Source documents used in a merchandising business?
A: Merchandising business is the one in which the entity deals in with goods / products.
Q: 1. Identify any two examples of Wholesale Merchandise Business and Retail Merchandise Business
A: Introduction:- A merchandising business, often known as merchandisers, is one of the most common…
Q: Which form of business organization is characterized by having the shortest start-up time and lowest…
A: The Answer
Q: four comparison between service industry with retail industry
A: The business is made of two major industries i.e., the retail industry and service industry.
Q: -Which of the following will be not be called as Source Document of a Business?
A: Answer
Q: Distinguish between manufacturing-, merchandising-, and service-sector companies?
A: Manufacturing companies are the ones which procure raw materials and carry out manufacturing…
Q: What are the key differences in performing adjusting and closing for a service company, versus a…
A: The key difference: Since service companies will not have inventory, so there no adjustment required…
Q: Would the Wegmans approach work for a car dealer? Abookstore? A manufacturer of industrial goods?…
A: The question is based on the concept of Wegmens approach of business philosophy, the approach…
Q: Subsidiary ledgers in merchandising business?
A: A subsidiary ledger is a subset to the general ledger and it contains the details to support a…
Q: Define and explain subsidiary ledgers in merchandising business?
A: Subsidiary ledgers are the ledgers that contain information about specific control accounts in…
Q: Why wouldn't a service business have a "Sales revenue" account? They are just selling their…
A: THE REVENUE IS THE FIRST SECTION OF AN INCOME STATEMENT AND IT CONTAINS BOTH THE REVENUE GENERATED…
Q: 1. Discuss factors that a company might look at when determining prices for its products.
A: The factors determining the price of the company's product is given below, Cost of production- The…
Q: merchandising business
A: We know that manufacturing is a process in which an entity converts inputs to outputs. It is a…
Q: Required: Do you think that the role of Accounting is very important in a Merchandise business? If…
A: The business that are engaged in the sale of products are known are merchandise business. The main…
Q: In value chain analysis, what is the activity of arranging the delivery of products to customers…
A: Value chain analysis is an analysis that is done in business in order to evaluate value added…
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: What is the distinctionbetween retail and wholesale merchandising companies?
A: The Distinction between Merchandising and Manufacturing Companies are given below as,
Q: Provide one example of a transaction that affect service business and merchandise business.
A: Business refers to all those organization or company who engaged in any type of industrial,…
Q: compare service concern from merchandising business as a far as the manner of generating income and…
A: Different types of business organizations includes manufacturing business, service business, and…
Q: Selling expenses DOES NOT include: O A. Delivering goods to customers OB. Accounting and Human…
A: The answer is given below:
Q: How would a business plan for a small manufacturing firm differ from one for a small retailing firm?…
A: A business plan is a document in writing that elaborates how a start-up company derives its…
Q: Which of the following statements is true about a retail business? The operating cycle for a…
A: Merchandising businesses: Merchandising companies which buy goods from suppliers, or manufacturers,…
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 the difference in the operating cycle of a service provider and a merchandiser?
A: Operating cycle is defined as the amount of time the company requires to use its cash in order to…
Q: Which of the following is usually included in a business plan? a) Detailed description of the…
A: Business plan is a written documents which contains goal and objectives of the company to achieve.
Q: Differentiate between selling price,cost of sales and labour costs in informal and formal business.
A: Registered (or unregistered), organized (or unorganized), and supervised (or unregulated) companies…
Q: Which of the following information items with regard to a major customer must be disclosed?a. The…
A:
Q: Selling expenses DOES NOT include: A. Advertising expense B. Making sales C. Accounting and Human…
A: Selling expense is the expense which involves any kind of cost that is incurred through the…
Q: is the delivery of products or services to customers. O a. Distribution O b. Customer service O c.…
A: Lets understand all the terms mention in the question to determine right answer. There are various…
Q: 17. The main difference between the SCI of a service company and of a merchandising company lies on…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: What challenges does Blu Dot face in selling consumer products (as opposed to business products)?
A: Consumer products, often called as final goods, are objects bought for personal use by individuals…
Q: Which of the following information items with regard to a major customer must be disclosed? a. The…
A: According to the disclosures requirements , if a company is making sales to major customer , then…
Q: 9. It is a fee that a business pays to a salesperson (agent) in exchange for his services in either…
A: A business usually hires salespersons to make their products available or to recommend their…
Q: 2. Provide an example of a manufacturing-, merchandising-, and service-sector companies 3.
A: Companies in the manufacturing sector purchase raw materials and components and then turn them into…
Identification
Step by step
Solved in 2 steps
- 1. A clerk in the sales department receives a hard-copy customer order by mail and manually prepares four hard copies of a sales order. This is a typical event in the Group of answer choices b. Expenditure cycle d. Costing cycle a. Revenue cycle c. Conversion cycle 2. Which of these is not a true statement relating to manual and electronic accounting systems? Group of answer choices a. Large businesses integrate their accounting software with their overall computerised information system. b. The accounting principles underlying manual and electronic systems are fundamentally different. c. Computerised systems normally provide more reports, providing greater information to users, than manual systems. d. Most entities today use computerised accounting systems. 3. All of the following are advantages of using subsidiary ledgers, except Group of answer choices a. they make possible a division of labour b. they show all the transactions affecting customers and creditors.…15) If a merchandising business includes the accounting software, computer files, computers, and related peripheral equipment such as printers in its accounts department, it is called as _________________. a. Manual system b. Financial system c. Computerized system d. NoneSelect the letter of the item below that best matches the definitions that follow. a. Data Files CD ________ b. Lists ________ c. Forms ________ d. Registers ________ e. Reports and graphs ________ f. Restoring a backup ________ g. Icon bar ________ h. Home page ________ i. Backing up a file ________ 1. One click access to QuickBooks Accountant Centers and Home page. 2. The process of rebuilding a backup file to a full QuickBooks Accountant file ready for additional input. 3. Electronic representations of paper documents used to record business activities such as customer invoices, vendor bills, and checks. 4. A big-picture approach of how your essential business tasks fit together organized by logical groups such as customers, vendors, and employees. 5. Groups of names such as customers, vendors, employees, items, and accounts. 6. Contains backups of all the practice files needed for chapter work and completion of assignments. 7. The process of creating a copy of a…
- Which of the following is not an area where the Internet is used for business purposes? a. business cycle management b. customer relationship management c. supply chain management d. product life-cycle management1. In a manual accounting system, what advantage does the journal voucher system have over the traditional general journal system? 2. Discuss how the nature of the necessary internal control features is affected by switching from a manual system to (1) a large-scale computer-based accounting system or (2) a PC-based accounting system. 3. Under what circumstances will automated mailroom procedures provide the most benefit? The least benefit?Given the following business rules, construct an ER diagram so each rule is captured for the database. Presume each rule is to be treated individually. Construct an ER diagram for each rule.a. A retail sales company prepares sales orders for its customers’ purchases. A customer can make many purchases, but a sales order is written for a single customer.b. A retail sales company orders inventory using a purchase order. An inventory item may be ordered many times, and a purchase order may be created for more than one inventory item.c. A company that sells antique cars prepares a sales order for each car sold. The inventory for this company consists of unique automobiles, and only one of these automobiles may be listed on a sales order.d. A grocery store identifies returning customers via a plastic card that the clerk scans at the time of each purchase. The purpose of this card is to track inventory and to maintain a database of customers and their purchases. Obviously, a customer may…
- After completing your first degree in accounting you have been employed by XYZ Company as an account officer. The Management of the company has tasked you to implement a computerized accounting system Explain the difference between a stand-alone package and an integrated package? Explain two advantaged and two disadvantages of an integrated package e) Before a new accounting package can be deployed, it needs to be configured. What does it mean to configure an accounting package? Explain the processes involved in the configuration of an accounting package.Enterprise resource planning software a. Refers to programs that help manage company operations. b. Is another name for spreadsheet programs. c. Uses batch processing of business information. d. Is substantially declining in use. e. Is another name for database programs.