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Q: What is the process of the income measurement in a merchadising company?
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Is the measurement of net income for a merchandising company conceptually the same as for a service company?

Well if you look at it by the basics you will see both use the same Net income = revenue - expenses. However the income statement for the service company subtracts the operating expenses from the revenues to arrive at net income. The merchandising company subtracts the cost of merchandising from the revenue to arrive at gross profit. It then subtracts all other operating expenses to arrive at net income.


Is income an interval or ratio scale of measurement?

interval


Is income category a ratio scale measurement?

yes


Does the mortgage company verify your income?

Yes the mortgage company verifies income.


do your company help low income peoples?

do your company help low income peoples


What does the company Jackson Hewitt do?

Jackson Hewitt is a company that provides tax preparation service ranging from local to federal income tax returns. The company has tax preparers that complete your tax forms through an interview process.


Is income a ratio or interval scale measurement?

Income is a ratio measure. In ratio measures, one can order categories, specify the difference between two categories, and the value of zero on the variable represents the absence of the variable. Thus, income can take on values of $0, $10, $30,000, etc. Zero dollar income means the absence of income, making income a ratio measurement.


How does a company have income but take in less cash that it spends?

Income is all the money a company takes in (hence the name) expense is all the money a company spends profit is income - expense. just because expense > income doesn't mean there is no income. It means there is no profit.


Where do you put income in the balance sheet?

that income is from others company temporary use our bank ,after that we will refund to that company


What has the author Faizuddin Ahmed written?

Faizuddin Ahmed has written: 'Practices of proverty [sic] measurement and poverty profile of Bangladesh' -- subject(s): Consumption (Economics), Income, Measurement, Poverty, Statistics 'Practices of poverty measurement and poverty profile of Bangladesh' -- subject(s): Consumption (Economics), Income, Measurement, Poverty, Statistics


Basic difference between profit and income?

Income is the sum of all monies coming into the company. Profit is the income less the expenses incurred by the company.


Process of taxation here in the Philippines?

The process of taxation in the Philippines involves collecting taxes on the sale of products, income, and property. Each time it passes through a person or company's possession it is again taxed.