0
What is the price at which a business purchases merchandise is called the?
Wiki User
∙ 12y ago
cost
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
What is measured by profit margin?
Profit, is called the difference of amount between purchase price and sale price. Through the profit margin we come to know that how the business is running. Or, how successful (profitable) IS this business?
Freight costs incurred by a seller on merchandise sold to customers will cause an increase in what?
selling price
Merchandise is sold for cash The selling price of the merchandise is 3000 and the sale is subject to a 7 state sales tax The journal entry to record the sale would include?
A debit to Cash for $3,000.
What is the accounting journal entry to record the purchase price of a business?
The accounting journal entry to record the purchase price of a business is debit. The debit will decrease the assets reflecting the purchase price.
If merchandise inventory is bing valued at cost and the purchase price is steadily failing which method of costing will yield the largest net income?
LIFO
Why are price tag important in the sale of merchandise?
because price tag give you the price and if merchandise is turn you scan the tag to see if your store sold the merchandise.
What is the plastic thing called that holds price tags to clothing merchandise etc?
It is a swift attacher!
Is switching the price tags on merchandise illegal?
Very much so. It's called theft by deception.
Is the price asked for merchandise fixed in France?
NO
How much is the Talbot's employee discount?
40% off usingle and full price merchandise usingcredit50% off sale and full price merchandise using cash or check60% off new merchandise during brand moment
Do you have price list on line for all of your merchandise that is available?
no
What is the difference between 20 percent off full price merchandise and 50 percent off sales merchandise?
Generally speaking the full price is the MSRP which is the highest price possible. The sales merchandise would already be marked down from MSRP, so you are receiving an additional 50% off a price that has already been reduced from MSRP.
Do retailers have to place price tags on all merchandise?
No they dont have to have a price but they do have to have a barcode. Unless the have aprice.
A store is giving 50 percent discount on all merchandise find the discount price?
discount price = price / 2
Why do you need to price the merchandise?
So the customer knows how much to pay!
What is measured by profit margin?
Profit, is called the difference of amount between purchase price and sale price. Through the profit margin we come to know that how the business is running. Or, how successful (profitable) IS this business?
What is mission statement of ll bean?
L.L. Bean's mission statement is: L.L. Bean: "Sell good merchandise at a reasonable price; treat your customers like you would your friends, and the business will take care of itself."
