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C.O.G.S. (Costs of Goods Sold) and Operating Expenses.The normal operating cycle of a service company includes the following steps :1. Perform services. 2. Accounts Receivable 3. Get cashThere are no goods involved. Only a service has to be performed,...
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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.
Can you distinguish between the two categories of adjusting entries and identifying the types of adjustments applicable in each category?
Deferral 1 Prepaid Expenses 2. Unearned Expenses Accruals 1. Accured Revenue 2. Accured Expenses
What are the two types of expenses?
fixed expenses and variable expenses
What two major functional categories are costs subdivided into?
production and non-production. non-production is classified under selling and administrative expenses production is classified as direct material, direct labor and manufacturing overhead
Purchases and sales of merchandise are the two major activities of a merchandising business?
it would be true!
What are two categories of expenses in merchandising companies?
C.O.G.S. (Costs of Goods Sold) and Operating Expenses.
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.
What are different categories of exporters?
Two categories of exporters are export management companies and export trading companies. Exporters deal with selling things internationally, buy in one country and ship to another.
Can you distinguish between the two categories of adjusting entries and identifying the types of adjustments applicable in each category?
Deferral 1 Prepaid Expenses 2. Unearned Expenses Accruals 1. Accured Revenue 2. Accured Expenses
What is difference between merchandising and visual merchandising?
Let me give you my little understanding about his two subjects. Merchandising is also called merchandise planning while visual merchandising is the art of implementing effective design ideas.
What are the two classifications of family expenditures?
A family's expenses can be budgeted under two main categories, fixed and variable. Fixed expenses are those such as insurance premiums which do not change from month to month, while a variable expense would be one such as an electric bill which can vary widely from month to month.
What are the two types of expenses?
fixed expenses and variable expenses
What are the categories of disease?
two categories of diseases
What are the largest expense categories incurred by health care service?
Nonpayment for services rendered is one of the largest expenses incurred in the health care organization. Claims, by far, is number one. Employee expenses, number two - salaries, benefits, compliance, payroll taxes, etc.
What two categories can sanitary appliances be divided into?
RAM LTM these are the two categories
Where can one find visual merchandising jobs online?
There are many sites where companies advertise their jobs upon. Two popular names are "InRetail" and "Monster". These two website take your information and store them in a database, you then can use their service to apply for jobs advertised upon their website for your benefit. If you have your CV up and it is appropriate, a employer might just pick you.
What two categories can expenses be catagorized in?
There are lots of dichotomous categories (not catagories!) that can be used and the choice depends on the purpose. One possible categorisation is fixed or marginal. Fixed expenses are those that will be incurred irrespective of usage. For example, you pay your rent (or mortgage) whether you are there every day of the month or spend most of it away on holiday. Marginal expenses depend on the usage. An example might be your spending on food.Another possible categorisation might be necessity or luxury. In the UK this defines, to a large extent, whether or not the expenditure is subject to value added tax (VAT).
