Merchandising companies - Study guides, Class notes & Summaries

direct marketing - connecting directly with carefully targeted individual consumers WHY?: to obtain an immediate response and cultivate lasting customer relationships direct mail marketing - LARGEST DIRECT MARKETING MEDIUM involves an offer, announcement, reminder, or other item to a person at a particular address -personalized -newer digital forms -effective -often perceived as "junk mail' catalog marketing - direct marketing through print, video, or digital catalogs that are mailed t...

Accounting Principles I: Inventory Company Complete Study Guide Determining Inventory Levels Merchandising and manufacturing companies keep an inventory of goods held for sale. Management is responsible for determining and maintaining the proper level of goods in inventory. If inventory contains too few items, sales may be missed. If inventory contains too many items, the business pays unnecessary amounts to warehouse, secure, and insure the items, and the company's cash flow becomes one si...

Which additional income statement items do merchandizing businesses use beyond the measures service businesses use? correct answers cost of goods sold and gross profit A physical count of inventory at the end of the accounting period is required under which inventory system(s)? correct answers Periodic system Some companies may prefer to use a periodic inventory system because they correct answers prefer not to keep detailed records of inventory on hand. an enterprise that buys and sell...

Wasko "Understanding Disney" Disney started in 1923 by Walt and Roy Disney Walt was born in Chicago 1901 Formed Laugh o Gram films in 1922 after army First cartoon was Alice's Wonderland Ub Iwerks illustrated Mickey Steamboat Willie appeared in 1928 (3rd film) Merchandising ensued 1 mil. Mickey Mouse Club members by 1932 Snow White 1937- 8.5 mil. Salary problems and strike at Disney in 1941 Disney moved to TV in 1950 Disneyland opened in 1955 Buena Vista created for film distribu...

Defferral a revenue or an expense event that is recognized after cash has been exchanged prepaid items Deferred expenses (ex. prepaid insurance or prepaid rent) Revenue an increase in assets or a decrease in liabilities that a company obtains by providing customers with goods or servics cash discount Price reduction on merchandise sold offered by sellers to encourage prompt payment; when taken, represents a sales discount to the seller and a purchase discount to the buye...

MAC3761 STUDY SUMMARY NOTES. This is a complete and an all-inclusive guide to MAC3761 - Management Accounting III Cost Objects A cost object is any activity for which a separate measurement of costs is desired. In other words, if the users of accounting information want to know the cost of something, this something is called a cost object. Examples of cost objects include the cost of a product, the cost of rendering a service to a bank customer or hospital patient, the cost of operating a p...

Calyx & Corolla Case Analysis Calyx & Corolla is a company that has pioneered the concept of selling fresh flowers by mail in only a short two and a half years. The Calyx & Corolla case focuses on how the company was able to reach the level of success it has in the small amount of time by implementing innovative and new way distribution channels than general methods for delivering fresh flowers. This case is an evaluation case as it portrays situations that led to Calyx & Corollas’ succes...

FASH 351 Test 1 | Verified with 100% Correct Answers Which of the following statements about the global fashion industry is FALSE? The global fashion industry is primarily comprised of very large multinational corporations that offer similar merchandise around the world. Which of the following is NOT a key aspect of design of fashion products? design is designer-centered with a focus on addressing needs, wants, or problems of the designer through the creative process. What refers to the manag...

GAAP -:- Generally Accepted Accounting Principles GAAP's Business Entity Assumption -:- accounting principal that states that the financial records of any business The 3 Types of Companies in Managerial Accounting -:- Service companies. Merchandising companies. Manufacturing companies. Financial Accounting -:- is the collection of accounting data to create financial statements Managerial Accounting 2 0 2 4 / 2 0 2 5 | © copyright | This work may not be copied for profit gain | E...

Test Bank For Managerial Accounting 17th Edition By Garrison All Chapters 1-16 | Complete Guide. Dobosh Corporation has provided the following information: Cost per Unit Cost per Period Direct materials $ 7.05 Direct labor $ 3.65 Variable manufacturing overhead $ 1.60 Fixed manufacturing overhead $ 113,400 Sales commissions $ 1.50 Variable administrative expense $ 0.55 Fixed selling and administrative expense $ 36,450 Required: a. For financial reporting purposes, what is the tot...