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Provide input/ answers to the following three questions from chapters 4 and 5 and 6: What is a merchandise company? Describe the difference between wholesalers

Provide input/ answers to the following three questions from chapters 4 and 5 and 6:

What is a merchandise company?

Describe the difference between wholesalers and retailers.

Describe the difference(s) between the periodic and perpetual inventory accounting system?

What is gross profit percentage? How is it used as an indicator of profitability?

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