Discuss the role of conversion cycle for service and retailing entities

Q: Explain the difference in the accounting treatment of the cost of developed technology and the cost…

A: Developed Technology relates to those projects that have reached technological feasibility.…

Q: Explain the difference between service company and manufacturing company.

A: Explain the difference between a service company and a manufacturing company.   Service Company:…

Q: What are some tactical and strategic retail customer considerations?

A: Strategic management or business management is the science, art, and craft of preparing,…

Q: What is a global network of organizations and activities that supply a firm with goods and services?…

A: To supply a firm with all the goods and services, a global network is being setup which includes…

Q: ____________________emphasizes detailed segment reports about departments, customers, products, and…

A: Managerial accounting: Managerial accounting refers to the practice of identifying, measuring,…

Q: Define value chain and classification of costs for “Distribution costs for shopping the Latitude…

A: Value Chain:

Q: Please explain with examples briefly benefits of accounting system for automated cost accounting?

A: Cost accounting: It is a form of managerial accounting which focuses on calculation of company's…

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

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

Q: Explain different costing and pricing methods to make business decisions.

A: Decision-making process: Decision making can be defined as the process of making choices through…

Q: Please find the following: Conversion Cost Manufacturing Cost Cost of Goods Sold Cost of Goods…

A: Conversion cost means the total of direct labor and factory overhead where as manufacturing cost…

Q: Identify the purpose and process for each component (Front-End, Middle, Back-End) of revenue cycle…

A: What is RCM? Revenue Cycle Management (RCM) alludes to the way toward recognizing, gathering and…

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: Are activity-based costing systems appropriate for the service industry? Explain.

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Q: Product Type relation with Attendance endance

A: 1. type of event Pivot Table Hence Highest average attendance is for Concert Type of Event Question…

Q: in which one of the following market, transaction regarding the Goods and Services appears on…

A: Financial market refers to the place where it provides a platform to the traders to buy or sell…

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: Define Sales revenue.

A:

Q: Identify the usual changes that a company must make when it adopts a customer orientation.

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Q: Briefly describe the guidelines for recognizing revenue from the sale of software and other…

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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 term describes all business processes associated with providing a product or service? O The…

A: A product is a tangible item that can be sold to the customers.  Service is an intangible item which…

Q: w product cost information is use

A: Product Cost: Product costs are costs that are incurred to make a product that's intended available…

Q: What is the primary distinction between a service company and a manufacturing or merchandising…

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Q: Describe why sales and operations planning teams are cross fuxntions ?

A: Sales is basically concerned about exchange of a product or service for either any product, service…

Q: Cost and Costing, as well as the importance of calculating costs in product management, may be…

A: Cost refers to the value of money that has been used to produce or manufacture something. It can…

Q: What are the stages in Product Life Cycle (PLC) of an product and define skimmimg pricing strategy.

A: Product life cycle defines the stages of an product with its various phases. Skimming is an pricing…

Q: List some AIS and MIS information from which sales people may benefit. Clearly indicate whether the…

A: Sales person benefit form AIS and MIS in the following manner:   Analyze annual projections Compare…

Q: Distinguish between service and merchandising operations.

A: Merchandise inventory refers to business which deals in trading of goods such as purchase and sale…

Q: Shipping, selling, marketing, sales order processing, return processing, and advertising activities…

A: Shipping, selling, marketing and advertising activities are indirect cost to the product or the…

Q: Value chain classifications Match each of the following cost items with the value chain business…

A: Value Chain Analysis is an inbound logistics that includes a range of activities like receiving,…

Q: Consider the inventory of a retailer. Describe how the qualities of information presented in this…

A:

Q: Briefly explain Cost Behavior and its importance in retail industry.

A: Cost behavior is an important concept in accounting. Proper use of common sense will assist managers…

Q: Define the term key performance indicator. The text provides you with examples of KPIs applicable to…

A:

Q: Which of the following best describes the activities of the materials management function?a.…

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Q: Classify the following activities as per value chain analysis: 1.Communication, pricing and channel…

A: Value chain analysis are classified in two types of activities namely primary and secondary…

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: Explain an example of journal entry for the transfer in costs.

A: Transferred in cost: It can be defined as the accumulated costs, incurred in relation to a product…

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

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

Q: What is the distinction between service and merchandisingcompanies?

A: Despite the fact that marketing organizations and administration organizations adjust to sound…

Q: How are a merchandiser's  inventories different from the inventories of a service-oriented firm .

A: Solution:- Merchandiser’s inventories different from the inventories of a service-oriented firm:-…

Q: Explain the concept of a product family and its relationship to value stream accounting.

A: Product family is the grouping of same kind of product and services which go through the same…