Devry NY ACCT 504 Week 4, Midterm Exam 4
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1. Merchandising businesses that sell to retailers are known as: a. brokers b. companies c. wholesalers d. service firms. 2. Which of the following companies would be most likely to use a perpetual inventory system? a. grain company b. supermarket c. clothing store d. jewellery dealer 3. A merchandiser that sells directly to consumers is a: a. retailer b. wholesaler c. broker d. service enterprise. 4. Two categories of expenses in all merchandising companies are: a. cost of goods sold and financ...
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1. Merchandising businesses that sell to retailers are known as: a. brokers b. companies c. wholesalers d. service firms. 2. Which of the following companies would be most likely to use a perpetual inventory system? a. grain company b. supermarket c. clothing store d. jewellery dealer 3. A merchandiser that sells directly to consumers is a: a. retailer b. wholesaler c. broker d. service enterprise. 4. Two categories of expenses in all merchandising companies are: a. cost of goods sold and financ...