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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

  • 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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