A merchandising business is one that purchases goods or products and sells them to its customers. A merchandising business acts as a market bringing together products and customers. A merchandising business can have a physical store location or an online location or both. Customers exchange money for the benefit (or perceived benefit) they receive from the products. Examples of merchandising businesses are:
- Walmart
- Ebay
- Lowe’s
- Target
- Amazon
- Grocery stores
To learn more about how financial statements for a merchandising business work, watch this video:
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What is a Cost Object in Accounting?
In Managerial or Cost Accounting, costs are first identified and then assigned to the part of the business that incurs the cost, the part of the business that makes those
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What is a Cost in Accounting?
A cost is what you give up to get something else. At the grocery store, you give up cash to get groceries. When deciding to go to college, you give
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What is Managerial Accounting?
Managerial Accounting is a specific branch of accounting designed to support business managers and owners by providing data to help the company with strategic planning, measuring company performance, evaluating results,
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