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 85 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
Wow, this really help

LegendaryAnswers

  • Member
  • Posts: 341
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

The nitrogen cycle. The five main parts of the nitrogen cycle are: The nitrogen cycle. The five main parts of the nitrogen cycle are:
Menstrual cycle. Menstrual cycle.
The Water Cycle The Water Cycle
Norepinephrine and the Sleep–Waking Cycle Norepinephrine and the Sleep–Waking Cycle
The carbon cycle "دورة الكربون" The carbon cycle "دورة الكربون"
Life cycle of a fern Life cycle of a fern
Video: Types of Burns

For a complete list of videos, visit our video library