The cash operating cycle for a merchandiser begins with cash purchases of merchandise and ends with receipt of cash.
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What is a merchandise?</u></h3>
- Any form of items, including those used for personal or professional purposes, as well as goods sold to the general public (retail) or other enterprises, are referred to as merchandise (wholesale).
- 'Freebies', or promotional things like the bespoke drink bottles in this example that are given away or not charged for, can also be referred to as merchandise.
- Calendars, magnets, wall art, stationery, greeting cards, textiles, badges, and a wide variety of other goods may be included in this category.
- A T-shirt with a slogan or logo that a political party distributes to voters during an election campaign or a calendar with a logo that a supplier offers its clients at the end of each year are two examples of freebie products.
Buying merchandise can be done with cash or on credit. The accounts involved in the transaction are the purchases account and the cash account if goods are paid for in cash. It debits the purchases account and credits the cash account.
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Answer and Explanation:
1. The misstatement would depend on when there is inappropriate revenue recorded
2. For avoiding the revenue misstatement, the client should have to cut off the policies
3. The revenues are earned at the time when the company achieved or accomplished for fulfiling its obligation
4. The side agreements could modify the terms of sales
5. For recording the revenue, the collectibility needs to be confirmed
Answer: C. government cannot have buying power
Explanation:
Answer:
C. The Fed should target the money supply, not the interest rate, and that it should adopt the monetary growth rule.
They don't. Water was found and there are actually implications that if it doesn't exist nowadays, it might have historically existed long before there was even life on earth. There are theories that there was life on Mars millions of years ago way before earth had life.
