What is the main expense incurred by a retail business? Comment on how this differs to: (1)
Question:
What is the main expense incurred by a retail business? Comment on how this differs to:
(1) A service business; and (2) A manufacturing business.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
The main expense incurred by a retail business is the cost of sales This differs to a ser...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Accounting Business Reporting For Decision Making
ISBN: 9780730369325
7th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond
Question Posted:
Students also viewed these Business questions
-
The following expenses were incurred by a retail business during the year. In which expense section of the income statement should each be reported: (a) Selling, (b) Administrative, (c) Other? 1....
-
What is the main advantage for an operating-system designer of using a virtual-machine architecture? What is the main advantage for a user?
-
What are special purpose vehicles (SPVs)? What is the main advantage of SPVs? List a few forms of credit enhancement that are critical to SPVs.
-
5) Pablo Escobar has recently opened a slipper sandal Shop in Brisbane, Australia, a store that specializes in fashionable sleeper sandals. Pablo has just received a degree in business and he is...
-
The scenario in this exercise is similar to the one in Exercise 7, except the class size is smaller. Suppose that there are 15 students in your class. Each day the teacher randomly selects one...
-
A compound is 91.77% by mass Si and 8.23% by mass H and has a molar mass of approximately 122 g/mol. What is its molecular formula?
-
Policing and enforcing transactions, ensuring that they conform to the organisations processes and buying policies. LO.1
-
At December 31, 2016, Durango Ltd. reported the following as plant assets. Land...................................................................................... 2,000,000...
-
Quality Chicken grows and processes chickens Each chicken is disassembled into five main parts Owsity Chicken is computing the ending inventory values for its July 31, 2018 statement of financial...
-
Let A = 2xyax + xzay - yaz. Evaluate A dv over: (a) A rectangular region 0 < x < 2, 0 < y < 2, 0 < z < 2 (b) A spherical region r < 4
-
A list of account balances for Mr Tanners business Robotics at the end of the 30 June 2020 reporting period is shown below. Prepare the statement of profit or loss for the reporting period, and the...
-
Explain the three methods of depreciation.
-
Describe the nontechnical issues that you will face during its implementation.
-
3. Two companies (A and B) are duopolists that produce identical products. Demand for the products is given by the following demand function: P = 10,000 QA- QB - where QA and QB are the quantities...
-
Consider the following initial-value problem. f'(x) = 2ex - 6x; f(0) = 4 Integrate the function f'(x). (Remember the constant of integration.) || | f'(x)dx = Find the value of C using the condition...
-
The value chain is based on primary activities logstica Operations External logistics Marketing and sales Service and are complemented by support activities Company infrastructure is what it is,...
-
On average, both arms and hands together account for 13% of a person's mass, while the head is 7.0% and the trunk and legs account for 80%. We can model a spinning skater with her arms outstretched...
-
8. Look at the image to the right. Using the Law of Force and Acceleration, predict how acceleration would change if you changed the mass of the boy. 9. Using the same picture from #8, discuss how...
-
A vibrating string has a fundamental frequency of 250 Hz. The tension is then increased by a factor of 1.9. What is the new value of the fundamental frequency?
-
Compile data on consumption and expenditures for the following categories in 30 different countries: (1) food and beverages, (2) clothing and footwear, (3) housing and home operations, (4) household...
-
In calculating the provision of employee benefits, JB Hi-Fi Ltd includes the value attributable to employee long-service-leave entitlements. How do these entitlements differ from annual leave and...
-
Nokia Corporation lists various areas requiring significant judgement and estimation. This list includes: Allowances for doubtful accounts Customer financing Inventory-related allowances Warranty...
-
(a)What is the equity as at the end of the two financial years? (b) If Brionycontributed an extra $15 000 capital during the financial year ending 30 June 2013 and made no drawings, determine her...
-
Minden Company introduced a new product last year for which it is trying to find an optimal selling price. Marketing studies suggest that the company can increase sales by 5,000 units for each $2...
-
Prepare the adjusting journal entries and Post the adjusting journal entries to the T-accounts and adjust the trial balance. Dresser paid the interest due on the Bonds Payable on January 1. Dresser...
-
Venneman Company produces a product that requires 7 standard pounds per unit. The standard price is $11.50 per pound. If 3,900 units required 28,400 pounds, which were purchased at $10.92 per pound,...
Study smarter with the SolutionInn App