Sprint * 6:37 PM * 72% Question 1 A type of merchandiser that buys merchandise f

Question

Sprint * 6:37 PM * 72% Question 1 A type of merchandiser that buys merchandise from a manutacturer and sell the goods to customers s called an) O Re-sell Manager O Wholesaler O Retailer Question 2 A wholesaler buys goods from manufacturens and then sels them to retailens False Question 3 Acompay had sales of $375,000 and its gros potr $(217,000. O $375.000 O$157,500 O $217,50017 $157500. best of goods sold oquair Question 4 Coat of goods sold is reported on both the income statement and the balance sheet Question 5 The seler is nesponsible for paying shipping charges and bears the risk of damage or loss in transt e goods are shipped F0B destination. Question earns net income by buying and seling merchandise. O receives fees only in exchange for services O eams profit from commissions only earns prost from tares only.? Question The two main inventory accounting systems are perpetual and periodic O Fave Question8 Which of the following accounts does a marchandiser use on their financial statements7 O Cost of Goods Soid Sales Revenue

Explanation / Answer

1. Retailer

Explanation:

A retailer is the person who buys goods from manufacturer or wholesaler and sells the goods to the customers. It is link between consumers and manufacturer/wholesaler

2.

True

3.

$217,500

(375000-157500)

4.

False

Only income statement

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