A merchandiser: a - Receives fees only in exchange for services. b - Earns net income by buying and selling merchandise. c- Earns profit from commissions only. d- Buys products from consumers. . Cost of goods sold: a - Measures a company's ability to pay its bills on time. b - Reports operating, investing, and financing activities. c - Is the term used for the expense of buying merchandise for sale. d - Reports the effect of profit and withdrawals on owner's capital.