Classifying Firms as Either lanufacturing or Service Classify the following types of firms as either manufacturing or service. a. Bicycle production b. Pharmaceuticals c. Income tax preparation d. Application of artificial nails e. Glue production f. Child care

Q: Why is manufacturing more complicated than merchandising business?

A: Financial Accounting: It is the process of recording the financial transactions of a business in…

Q: What are the Source documents used in a merchandising business?

A: Merchandising business is the one in which the entity deals in with goods / products.

Q: Which of the following would be considered as primarily a merchandising business? Multiple Choice…

A: merchandise business means the business of marketing , selling  of goods .  The correct option with…

Q: Manufacturing firms must calculate their cost of goods sold based on how much they manufacture and…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Distinguish between manufacturing-, merchandising-, and service-sector companies?

A: Manufacturing companies are the  ones which procure raw materials and carry out manufacturing…

Q: Would the Wegmans approach work for a car dealer? Abookstore? A manufacturer of industrial goods?…

A: The question is based on the concept of Wegmens approach of business philosophy, the approach…

Q: Classify the following Business Solutions manufacturing expenses as (a) variable (V) or fixed (F)…

A: Variable price: The expenses are related to the number of commodities produced or services rendered.…

Q: ABC manufactures wreaths according to customer specifications and ships them to customers using a…

A: GIVEN   ABC manufactures wreaths according to customer specifications and ships them to customers…

Q: What are the top two major differences between the manufacturing industry and merchandising…

A: The manufacturing industry is a sector of the economy that is focused on producing goods from raw…

Q: Explain the differences in managerial and financial accounting for a clothing retailer.  Please…

A: The management accounting is generally created for a firm's internal audience, whereas financial…

Q: How would a business plan for a small manufacturing firm differ from one for a small retailing firm?…

A: A business plan is a document in writing that elaborates how a start-up company derives its…

Q: the differences between service business and merchandising business?

A: Merchandise business is a kind of business wherein revenues are earned by providing or selling goods…