How do commercial businsses support the work of industrial business

Q: Why is manufacturing more complicated than merchandising business?

A: Financial Accounting: It is the process of recording the financial transactions of a business in…

Q: How do the income statements of a manufacturing firm and a service firm differ?

A: Manufacturing firm is the one which is involved in the production of the products whereas service…

Q: are external and internal agents modeled in REA diagrams for transactions that involve purely…

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Q: What organizational form would warehouse operators and truck hauling companies adopt?

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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: Explain the difference between service company and manufacturing company.

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

Q: Which of the following is the proper classification of activities according to activity level for a…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: Explain the pros and cons of business process re-engineering programmes.

A: business process re-engineering  it is the process if redesigning the way the work is done to reduce…

Q: is an information system specialty providing information about a firm to users of that information…

A: A decision support system analyzes large amounts of data, and compiling them into comprehensive…

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

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

Q: Computer controlled machining system is an example about which of the following primary activities…

A: Value chain analysis has 5 primary activities namely Inbound logistics, Outbound Logistics,…

Q: a. A producer borrows money and starts a business. He himself looks after the business. Identify…

A: Explicit cost means the cost which is actual cost and paid to an outsider. Implicit cost means the…

Q: Companies that buy and sell goods are called: O a. merchandising businesses. O b. service providers.…

A: Inventory: It can be defined as all the goods, items, materials, and merchandise that are held by a…

Q: Under what conditions must an enterprise provide information about products and services?

A: If operating segments of an enterprise have not been determined based on Differences in products and…

Q: What makes POS systems different from revenue cycles of manufacturing firms?

A: POS System:   It is a system implemented in rattail sectors where the sale transaction taking place…

Q: Why is it necessary for a corporation to estimate the manufacturing overhead associated with…

A: This question explains about a corporation to estimate the manufacturing overhead associated with…

Q: Which of the following is the primary source of revenue for a manufacturing business?A. the…

A: Manufacturing business are those type of business which are indulged in production of goods in the…

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: importance for a company whose products can be processed further

A: Further processing is a term used in association with joint products. Joint products are produced…

Q: A manufacturing company's income statement and balance sheet vary from a merchandising company's…

A: The income statement and balance sheet of a manufacturing firm are different from a retailing…

Q: Which of the following is the primary source of revenue for a service business?A. the production of…

A: A service business seems to be a firm that offers professional services to its customers. The…

Q: How can accounting con

A: these three steps can increase the capacity of of an accounting firm. Adopt a cloud-based platform…

Q: How do service companies differ from manufacturing companies?

A: Company:   A company refers to an artificial judicial person created by a group of individuals who…

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: For a manufacturing business, products that are in the process of being manufactured are referred to…

A: Work-in-Process Inventory:-These are those inventory that is partially completed in the production…

Q: How does the format of the income statement of a manufacturing entity differ from the income…

A: Statement of profit or loss is a statement which records revenue earned by the company during a…

Q: A). What are inventories? Why are they important to manufacturing companies?

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Q: The most sector needs the cost accounting information is Select one: a. Manufacturing sector b. Bank…

A: Cost accounting information includes the information related to: Total Cost of producing the…

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: Which of the following is the primary source of revenue for a manufacturing business?

A: the production of products from raw materials

Q: How do manufacturing companies differ from merchandising companies?

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

Q: Which income statement is most appropriate for a manufacturing business

A: >Income Statement can be prepared as a:--#1: Single Step Income Statement, or--#2: Multi Step…

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: Briefly explain the factors to be considered in deciding the outsourcing of in-house manufacturing…

A: Outsourcing leverages an external organization's developed staff to complete tasks, as well as its…

Q: What is the chief difference between manufacturing and service industry firms?

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Q: Why should accountants participate in product design

A: Product design is a process through which the designers of a company assist in designing of products…

Q: What is the difference between cost of sales,selling price,labour costs in a formal business

A: Variable cost: It is the cost that changes with the change in level of unit

Q: Describe the following activities as unit-level, batch-level, product-level, or facility- level. a.…

A: Manufacturing overhead costs: The costs, which do not relate directly with the manufacturing of…

Q: In the context of a real-life company, an identification and discussion of the different types of…

A: The question is related to Cost Accounting. Cost  is the amount of resource given up in exchange of…

Q: How does the operations manager use the production report to make business decisions?

A: The production report is the report which outlines the number of units produced, the cost of…

Q: Which of the following is the primary source of revenue for a merchandising business?A. the…

A: Mainly there are two types of business involved in the product line i.e. manufacturing and…

Q: The accounting department of a manufacturing company is a(n)     investment center.     cost…

A: Investment center is a department or part of the organisation which is measured and evaluated by the…

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: Production or operation is the activity of creating products and services. Operational manager is…

A: Production or operation is the activity of creating products and services. An operational manager is…

Q: Distinguish between a service department and a production department. Give an example of the…

A: Distinguish between a service department and a production department. Give an example.

Q: The cost centre investment centre is a business sector that is responsible for all of its income and…

A: The excess of revenues over expenses is defined as the net profits of the organization.

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: Recommend actions for a manufacturing company on how to maintain or perhaps improve more their…

A: Answer: Manufacturing company are those company which are involved in extensive operations on day to…