Week 3 Discussion

• What activities are unique to merchandise businesses?

• How does management account for the additional task unique to a merchandise operations?

What are the two inventory systems described in Chapter 5 of our text? What are the pros and cons of each of the systems?

 How can profit margins be increased?

Identify differences in merchandise and service operations.

Summarize the operating cycle and flow of cost.

Interpret financial statement ratios.

Evaluate company profitability.

Please make sure  all responses are at least 75 words and please use the link below I have provided for the reading material

https://phoenix.vitalsource.com/books/9781119228301/epubcfi/6/28[;vnd.vst.idref=c05]!/4/2/2@0:0