Documenti di Didattica
Documenti di Professioni
Documenti di Cultura
MERCHANDISING OPERATIONS
SERVICE BUSINESS VS. MERCHANDISING BUSINESS
- Service Entities performs services for a fee - Merchandising entities earn profit by
buying and selling goods (inventories)
Income Statement Income Statement
Revenues from services xx *Net Sales xx
Expenses (xx) **Cost of sales (xx)
Profit xx Gross Profit xx
Operating Expenses (xx)
Operating Profit xx
Finance cost (interest) (xx)
Profit xx
INCOME STATEMENT: MERCHANDISING BUSINESS
List Price xx
Trade discount (xx)
Invoice Price xx
Cash discount (xx)
Net Amount xx
FREIGHT TERMS