Manufacturing Companies: Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price. Merchandising Companies: Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price. Service-Sector Companies : Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ. To explain: The difference between manufacturing, merchandising and service-sector companies.

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Answer 1

Question

Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.

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What is the service industry, and how does it differ from the manufacturing industry? Provide examples of service businesses.

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What is the distinction between merchandising and manufacturing companies?

Answer 2

Question

Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.

Expert Solution & Answer

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Answer 3

Question

Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.

Expert Solution & Answer

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Answer 4

Question

Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.

Expert Solution & Answer

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Answer 5

Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.

Answer 6

Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.

Answer 7

Chapter 2, Problem 2.9Q

To determine

Manufacturing Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Merchandising Companies:

Merchandiser is a person or organization who buys goods with the purpose of sale these goods to the customer. They buy goods either from the manufacturer or from a wholesaler. They sell goods at higher rate than its purchase price.

Service-Sector Companies:

Service companies act as a service provider, who do not buy or sell goods. They deal with intangible things. Therefore, the accounts used by the Service Company differ.

To explain: The difference between manufacturing, merchandising and service-sector companies.

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 2 - Define cost object and give three examples.Ch. 2 - Define direct costs and indirect costs.Ch. 2 - Prob. 2.3Q Ch. 2 - Name three factors that will affect the...Ch. 2 - Define variable cost and fixed cost. Give an...Ch. 2 - What is a cost driver? Give one example.Ch. 2 - What is the relevant range? What role does the...Ch. 2 - Explain why unit costs must often be interpreted...Ch. 2 - Prob. 2.9Q Ch. 2 - What are three different types of inventory that...

Solution Summary: The author explains the difference between manufacturing, merchandising and service-sector companies.

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Chapter 2 Solutions