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Is The Gap a service business - merchandising business group - or manufacturing business?

merchandising


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 the normal operating cycle for a merchandising company likely to be longer than for a service company?

Why is the normal operating cycle for a merchandising company likely to be longer than for a service company?


Types of business operations?

1.service 2.merchandising/trading 3.manufacturing.


What are the 3 types of services?

list & describe the 3 form of business? describe each of the 3 types (service, merchandising & manufacturing) of business operation? Explain the difference between manufacturing & merchandising?


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.


What are the 3 types of room service?

list & describe the 3 form of business? describe each of the 3 types (service, merchandising & manufacturing) of business operation? Explain the difference between manufacturing & merchandising?


Merchandising and service company have gross profit?

do some research


What are the types of Business Operation in Accounting?

1.)service 2.)merchandising,/ trading 3.)manufacturing


What three activities do all businesses perform?

The three business activities are Service, Manufacturing, and Merchandising.


Is Digital Domain considered a manufacturing company or a service company?

Digital domain is a manufacturing company.


What is difference between a merchandising company income statement and manufacturing company income statement?

 Merchandising companies do not calculate the raw materials placed in production or cost of goods manufactured.  Merchandisers purchase goods from suppliers instead of manufacturing goods. The cost of these purchases from suppliers is often called net purchases in the income statement, in contrast to cost of goods manufactured in a manufacturer’s income statement. The net purchases line consists of purchases, purchases returns and allowances, purchases discounts, and freight in.  Merchandisers do not use the schedule of cost of goods manufactured (and related schedule of raw materials placed in production).  Merchandisers use an account called merchandise inventory, or simply inventory, instead of finished goods inventory. This reflects that merchandisers do not produce goods.