This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Describe the operating cycle for a merchandising firm. What will be an ideal ... (Read 104 times)

JMatthes

  • Hero Member
  • *****
  • Posts: 578
on: Jul 5, 2018
Describe the operating cycle for a merchandising firm.
 
  What will be an ideal response?

Question 2

FIFO reports higher gross profit and net income than the LIFO method when
 a. prices are increasing
  b. prices are decreasing
  c. prices remain stable
  d. prices are reduced by 50


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

blfontai

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 5, 2018
Answer to Question 1

A merchandising company starts with cash, buys inventory, sells that inventory to customers (often creating accounts receivable), and then collects the cash from the customers.

Answer to Question 2

a


JMatthes

  • Member
  • Posts: 578
Reply 2 on: Jul 5, 2018
Gracias!

vickyvicksss

  • Member
  • Posts: 351
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Before a vaccine is licensed in the USA, the Food and Drug Administration (FDA) reviews it for safety and effectiveness. The CDC then reviews all studies again, as well as the American Academy of Pediatrics and the American Academy of Family Physicians. Every lot of vaccine is tested before administration to the public, and the FDA regularly inspects vaccine manufacturers' facilities.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Origin of the plant life cycle. Origin of the plant life cycle.
Nitrogen Cycle Nitrogen Cycle
Fern Life Cycle Fern Life Cycle
Adding propane to the air inlet of an engine operating in closed loop with a working oxygen sensor ... Adding propane to the air inlet of an engine operating in closed loop with a working oxygen sensor ...
The cell cycle has three stages: interphase, mitosis, and cytokinesis The cell cycle has three stages: interphase, mitosis, and cytokinesis
Life cycle of a T-even bacteriophage, as known in 1952 Life cycle of a T-even bacteriophage, as known in 1952
Video: Brain Lobes Animation

For a complete list of videos, visit our video library