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Q: Is merchandising and inventory the same thing?
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What are the following assets MUST a merchandising company have for daily operations?

Merchandising Inventory


How does income measurement differ between a merchandising company?

As you can see, in merchandising companies we have more special components of revenues and expenses than service companies. Besides, merchandising have two different systems periodic inventory system and perpetual inventory system. Each system has own way to count goods.


Is merchandising the same thing as mystery shopping?

No. Although merchandising can have a relationship to mystery shopping and some Companies offer opportunities in both. Merchandising involves announced contact with the business (prior or on the day) and involves some form of stocking, display set up, or demo. I have done minimal merchandising but have done plenty of auditing or mystery shopping of the work of the merchandising rep!


Can you drop your whole inventory in runescape at once?

No, not all at once.. unless you have a full inventory of the same thing, then you can note it and drop it as a note.


How do components of revenue and expenses differ between a merchandising company and a service enterprise?

Merchandising Companies purchase and sell directly and is ordinarily longer than a service company because of the inventory and its eventual sale lengthen the cycle, which differ merchandising and service companies.


1 In comparing the accounts of a merchandising company with those of a service company what additional accounts would the merchandising company likely use assuming it employs a perpetual inventory?

Cost of goods sold and Gross profit


What is over the counter sale?

Over-the-counter indicates to me that this is a type of Merchandising business. The accounting is really Merchandising Accounting. Accounts such as Revenue, Cost of Goods Sold, Inventory, all come into play. Merchandising company's also use such things as FIFO or LIFO inventory to keep track of the merchandise they are selling. Some examples of a Merchandising Company is Wal-Mart, Fry's Electronics, Grocery Stores, Clothing Stores, etc. These companies purchase "Inventory" at whole-sale prices, mark up the price to Retail, sales the merchandise and make profit off the difference. Whole-Sale price would be the COGS (cost of goods sold).


What is the last thing you will do when finishing merchandising job?

Submit your bill


What is the last thing you will do when finishing a merchandising job?

Submit your bill


What costs are inventoriable under GAAP for service organisation merchandising businesses and manufacturing businesses?

service - none merchandising - freight costs, closing inventory manufacturing - direct material, direct labor, freight cost, manufacturing overhead


Why is a display considered part of visual merchandising?

Because visual merchandising utilizes things that can be seen to promote sales, and a display is a thing that can be seen.


What is Accounting for over-the-counter sales?

Over-the-counter indicates to me that this is a type of Merchandising business. The accounting is really Merchandising Accounting. Accounts such as Revenue, Cost of Goods Sold, Inventory, all come into play. Merchandising company's also use such things as FIFO or LIFO inventory to keep track of the merchandise they are selling. Some examples of a Merchandising Company is Wal-Mart, Fry's Electronics, Grocery Stores, Clothing Stores, etc. These companies purchase "Inventory" at whole-sale prices, mark up the price to Retail, sales the merchandise and make profit off the difference. Whole-Sale price would be the COGS (cost of goods sold).