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tresset_1 [31]
3 years ago
10

QUESTION 3 A merchandising company: Earns net income by buying and selling merchandise. Receives fees only in exchange for servi

ces. Earns profit from commissions only. Earns profit from fares only. Buys products from consumers.
Business
1 answer:
Taya2010 [7]3 years ago
5 0

Answer:

Earns net income by buying and selling merchandise.

Explanation:

A merchandising company is an enterprise that buys and sells goods to earn a profit.

First, wholesalers sell to retailers. Second, retailers sell to customers.

A retail company is a company that sells products directly to customers, where a wholesale company is a company that buys items in bulk from manufacturers and resells them to retailers or other wholesalers.

A merchandiser´s primary sources of revenue is sales.

So, merchandising companies resell products they previously bought from suppliers.

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Which of the following is not a step in creating a debt payment plan? a. Rank all debts in the order in which you would like to
7nadin3 [17]

Answer:

b. Consolidate all credit cards onto a single card with a single interest rate.

Explanation:

When a debt payment plan is initiated then, it is decided according to the outstanding amounts, that which shall be paid first and the order of payment for remaining debts.

For this monthly income and expenses are to be evaluated, in order to decide how much payment shall be made accordingly, in each month.

But this entire process do not involve the step of aggregating all the cards so that there is only one card with the same payment. There is no relation to any such payment.

7 0
3 years ago
uring December, Rainey Equipment made a $676,000 credit sale. The state sales tax rate is 6% and the local sales tax rate is 1.5
ExtremeBDS [4]

Answer:

Please refer to the below for the appropriate journal entry

Explanation:

Accounts receivable Dr $726,700

($676,000 + $50,700)

Sales revenue account Cr $676,000

Sale taxes payable account Cr $50,700

{(6% + 1.5%) × $676,000

7 0
3 years ago
My grandma just died and when my dad told me this he said lol what does it mean?
Burka [1]

Answer:

lots of love?&3&3&3&3&3&3&

5 0
3 years ago
Read 2 more answers
Help please!
Kitty [74]

Answer: Gemma took a <em>values inventory </em>in her career explorations class. This indicated to Gemma that money and status may mean a lot to her, but she also finds it healthy to maintain a work-life balance. The correct answer is B.

Explanation:

A values inventory is commonly given in school to help a student with their career goals. They are usually given a personality inventory, an aptitude assessment, and an interest inventory.

The values inventory worksheet has two separate sets of questions about life values and work values. On this worksheet, the student must choose from the columns of "must have, would like, and least important."

A few of the life values a student has to choose from are listed below.

1.) Being Healthy as can be.

2.) Having a happy family life

3.) Having a high status and prestige

4.) Having material possessions in life.

A few of the work values a student has to choose from are listed below.

1.) Being a leader at work.

2.) Working as a team member.

3.) Having experiences that are creative.

4.) Having job security.

8 0
3 years ago
A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per
Gnom [1K]

Answer:

c. $3,200 favorable.

Explanation:

We know that

Total controllable cost variance = Budgeted overhead cost - actual overhead cost

where,

Budgeted overhead cost =  Variable overhead + Fixed overhead

where,

Variable overhead = 40,000 units × $2 = $80,000

And, the fixed overhead = $72,000

So, the budgeted overhead = $152,000

And, the actual one is $148,800

So, the total controllable cost variance would be

= $152,000 - $148,800

= $3,200 favorable

7 0
3 years ago
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