An entity that buys goods and sells them to client at a markup is a ________.-merchandiser-service provider-manufacturer-producer


You are watching: Delivery expense is a(n) ________.

Which the the following line item will appear on the revenue statement of a merchandiser but not that a company company?-Salaries Expense-Depreciation Expense-Cost of items Sold-Supplies Inventory
Credit regards to 2/10, n/30 show that a discount the 2% will be offered if payment is made in ~ 10 days of the invoice date. Otherwise, the complete invoice amount is due in ~ 30 days of the invoice date.TrueFalse
An invoice of $800 because that merchandise to buy is mirroring 2/15, n/30 as terms of credit. If the invoice is paid on or prior to the fifteenth day, the amount to be paid is ________.
If products are offered on state FOB shipping point, the ________-seller generally pays the transportation costs-buyer typically pays the transportation costs-buyer and also the seller split the transportation costs-shipping company bears the transport cost
Under which of the following terms will the the person who lives be required to pay transportation costs?-FOB destination-FOB shipping point-freight out-freight in
FOB location refers to a case where location to products while in transit belongs come the ________.-buyer-seller-transport agency-insurance agency
A agency sold merchandise because that $4,000 top top account with terms of 4/15, n/30. The company uses a perpetual list system. Defective was of $200 was reverted two job later. If the payment was obtained after 30 days, the newspaper entry to document the cash receipt will encompass ________.
The Sales Discounts account is a contra account come the ________ account.-Purchases -Sales Revenue -Merchandise list -Sales Returns and also Allowance
Delivery cost is a(n) _______-administrative expense-part of price of products Sold-operating expense-overhead expense
Which the the following is true of network sales revenue?-It is calculation by subtracting expense of products sold indigenous sales.-It is calculation by including sales discounts come sales.-It is calculated by including sales discounts and sales returns and also allowances to sales.-It is calculation by deducting sales discounts and also sales returns and allowances indigenous sales.
Up-to-date Merchandisers has actually the adhering to transactions for the month of July.Sales Revenue$420,000Cost of goods Sold300,000Operating Expenses85,000Sales Discounts20,000Sales Returns and Allowances18,000Interest Revenue5,000Calculate gross Profit.-$44,000-$82,000-$100,000-$120,000
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