A merchandiser:
Multiple Choice
Earns profit from fares only.
Buys products from consumers.
Receives fees only in exchange for services.
Earns net income by buying and selling merchandise.
Option D is the answer | |
Merchandiser is the one who buys his inventory from a wholesaler at a wholesale price and sells them to customers at a bit higher price which earns him a profit |
A merchandiser: Multiple Choice Earns profit from fares only. Buys products from consumers. Receives fees only...
A merchandiser: Multiple Choice Ol 16:49 Earns net income by buying and selling merchandise. O Receives fees only in exchange for services. O Earns profit from commissions only. O Earns profit from fares only Cost of goods sold: Multiple Choice points (8 02:43:56 Is another term for merchandise sales. C) is the term used for the expense of buying and preparing merchandise for sale. Is another term for revenue O is also called gross margin O
Number 1, 3 am not sure if they are correct. Quiz 3 Nale. UUWIL ACCT 201 006 Each answer is worth 1 point. Please place the answers on this sheet. 1) A merchandiser: CA) Earns net income by buying and selling merchandise. B) Receives fees only in exchange for services. C) Earns profit from commissions only. D) Earns profit from fares only. E) Buys products from consumers. 2) A company has sales of $695,000 and cost of goods sold of...
Hi this is for my study guide, please show work where its applicable. Much appreciated. 1. A merchandising company: A. earns net income by buying and selling merchandise B. Receives fees only in exchange for services C. Earns profit from commissions only D. Earns profit from fares only E. Buys products from consumers 2. Cost of goods sold: A. Is another term for merchandise sales B. Is the term for the cost of buying and preparing merchandise for sale C....
Pick the correct statement related to depreciation from below. Multiple Choice Depreciation reduces both the net fixed assets and the costs of a firm. Depreciation reduces taxes but not net income. None of the given statements is correct. Depreciation is a noncash expense which also decreases the net income. Depreciation decreases net fixed assets, net income, and operating cash flows. James will make sure that he will consider ______________ in working out the financial plan for his firm sometime next...
Amounts received in advance from customers for future products or services: Multiple Choice o Are revenues. o Increase income. o Are liabilities. o Are not allowed under GAAP. o Require an outlay of cash in the future.
Multiple Choice $15,220 loss $15,220 profit $38,050 profit $70,580 profit Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: Columbia Corporation Income Statement For the Month ended November 30 Sales ($20 per unit) $858,000 Variable expenses: Variable cost of goods sold 514,800 Variable selling expense 128,700 Total variable expenses 643,500 Contribution margin 214,500 Fixed expenses: Manufacturing 105,870 Selling and administrative 70,580 Total fixed expenses 176,450 Net operating income $ 38,050 During November, 35,290...
Multiple Choice Question 137 A company desires to sell a sufficient quantity of products to earn a profit of $400000. If the unit sales price is $32, unit variable cost is $12, and total fixed costs are $800000, how many units mus be sold to earn net income of $400000? 52500 units 45000 units 90000 units 60000 units
Multiple Choice Question 137 A company desires to sell a sufficient quantity of products to earn a profit of $280000. If the unit sales price is $32, unit variable cost is $12, and total fixed costs are $800000, how many units must be sold to earn net income of $280000? 48750 units 54000 units 39000 units O 87000 units
Multiple Choice Question 137 A company desires to sell a sufficient quantity of products to earn a profit of $240000. If the unit sales price is $16, unit variable cost is $12, and total fixed costs are $800000, how many units must be sold to earn net income of $240000? 260000 units 215000 units 430000 units 0110000 units
Part VI Multiple Choice: Imperfect Competition 13. If a firm with market power maximizes profit by producing at the unit elastic point on the demand curve, then a. it has no direct competitors. b. its marginal cost must be zero at the profit-maximizing level of output. c. demand must be perfectly elastic. d. it cannot be in long-run equilibrium. 14. Which of the following statements is not always true for a monopolist in short-run equilibrium? a. E 1 b, TR>...