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 74 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
YES! Correct, THANKS for helping me on my review

TheDev123

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

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?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Origin of the plant life cycle. Origin of the plant life cycle.
Relationship of the spindle-assembly checkpoint (SAC) with the cell-cycle machinery Relationship of the spindle-assembly checkpoint (SAC) with the cell-cycle machinery
Life cycle of Ascaris: Adult worms (1) live in the lumen of the small intestine. A female may ... Life cycle of Ascaris: Adult worms (1) live in the lumen of the small intestine. A female may ...
Rotary engine operates on the four-stroke cycle but uses a rotor instead of a piston and crankshaft ... Rotary engine operates on the four-stroke cycle but uses a rotor instead of a piston and crankshaft ...
The time spent in each interval of one complete cell cycle of a human cell in culture The time spent in each interval of one complete cell cycle of a human cell in culture
Drosophila life cycle Drosophila life cycle
Video: Acids and bases - definition

For a complete list of videos, visit our video library