comparison equity and revenue between service and retail industry

Q: What distinguishes a retail business with the services business?

A: Retail business and Service business are two types of business, in which one provides goods for use…

Q: . is modifying the firm's credit collection policy with its customers Select one: a.Financial…

A: Credit Collection Period represents the average time taken to collect trade debts by the firm from…

Q: The return of goods by a customer ( Sales Return ) should be credited in the ledger account of ?

A: Sales return in accounting is used to refer the goods or item once purchased and returned to the…

Q: Explain revenue recognition for franchises.

A: A franchise agreement is a business agreement where a franchisor grants a franchisee the right to…

Q: Describe significant accounting policies.

A: Definition: Accounting policies: Accounting policies are the specific principles and rules which…

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: ion Acquisition in Financial Ma

A: Step 1 When trading in the financial markets, investors gain knowledge of asset bases. Portfolio…

Q: why service industry providing service and retail industry dealing in transfer and exchange goods?

A: Service Industry:-As the name suggests, it is the industry which deals in services only, although it…

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: analyze company disclosures of signifi cant accounting policies

A: Accounting principles are the principles that are framed by the Company to carry on the activities…

Q: Discuss the methods of financing of retail business and the manner in which it will be raised.

A: Customers purchase things or services from retail firms for consumption, usage, or for their…

Q: What is meant by purchase return and sales return in accounting?

A: Purchase return:A purchase return is a transaction that occurs when the buyer of the goods (for…

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

A: Answer:   Option c.

Q: Profitability ratios describe – A. Organization's profit В. Organization's debt C. Organization's…

A: As per Bartleby guidelines, If multiple questions are posted , only first 1 question will be…

Q: How investment decisions and financing decisions are vital functions of business activities

A: Business activities refer to the activities that are performed with a purpose to generate revenue.…

Q: While reporting revenue, how a company should consider barter arrangement and discount?

A: Revenue Reporting: The process of accounting for revenue for a product you offer to a client is…

Q: Describe one financial reporting issue related to inflation, to business combinations, or to segment…

A:

Q: Prepare an entity relationship diagram, in good form, for the expenditure cycle, which consists of…

A:

Q: Under what conditions should a company disclose the amount of sales from a major customer?

A: Sales: A sale refers to a transaction that take place between two parties where a buyer receives…

Q: How does the company compare with other companies in the industry?

A: Ratio analysis: The analysis of a company using the financial ratios and comparing its trends and…

Q: List the types of transaction costs in the financial markets

A: Transaction costs are expenses incurred when buying and selling the product or services.

Q: accounting profit definition

A: Double-entry accounting (Double-entry book-keeping): This is a system of accounting where a…

Q: Identify the majordifferences and similaritiesbetween financial andmanagerial accounting.

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Q: What are the differences between accounting for service companies and accounting for merchandise…

A: The Answer :

Q: The records of Acme Corporation, domestic, orgval engaged in retail, how the

A: In Phillipines the CIT is 30% for domestic corporations .  But…

Q: What is Sales Mix and why is it used in retail operations?

A: Sales mix is the proportion of each product sold by a company as a percentage of its total sales.…

Q: Briefly explain the accounting treatment for sales returns.

A:

Q: Which of the following information items with regard to a major customer must be disclosed?a. The…

A:

Q: Sales taxes collected by a retailer are reported as revenues. current liabilities. expenses.…

A: Introduction: A sales tax is a consumption tax imposed by the government on the selling of goods and…

Q: How to calculate net sales revenue and net purchases

A: The income statement is one of the financial statements of the business which is prepared to know…

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: 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: How do you find total sales in financial accounting?

A: Total sales in accounting: It refers to the net revenue of the organization that is reported in the…

Q: how difference the purchase and pooling method of accounting for business combinations

A: Amalgamation takes place in two ways ie, in the nature of merger nd in the nature of purchase. When…

Q: Economic income

A: Accounting income is the amount of income transferred from the balance of income statement to…