Merchandise: Products that a company acquires to resell to customers. Merchandisers earn net income by buying and selling merchandise. -Wholesalers or retailers Wholesaler: An intermediary that buys products from manufacturers and sells them to retailers or wholesalers. Retailer: An intermediary that buys products from manufacturers or wholesalers and sells them to consumers. Cost of goods sold: The expense of buying and preparing merchandise. Gross profit: Net sales of a product – Cost of goods
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What It Means To Be a Good Leader As we grow up‚ though we may not realize it‚ we are surrounded by leaders that have an impact on our lives. Some may assume that all the leaders in your life consist of authority‚ but truthfully‚ just having authority doesn’t make you a good leader. A good leader is a person that people naturally follow; they don’t follow them because authority tells them to. Keeping this in mind‚ it isn’t very difficult to identify the leaders in your life; it’s slightly more
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What literacy means for me and the impact that has on my life. For me literacy is very important and has a really strong impact in my life. When I was a kid I remember my father always telling me “the more you know the better it is”. I never really understood what he meant nor did I pay that much attention. I must admit that I was pretty rebellious back in those days‚ I wanted to be independent‚ I dropped out college in my freshman year‚ started partying‚ binge drinking‚ to sum it up I just didn’t
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What “home” means Everyone always has to have a place to be born‚ a place to grow up and a place to become yourself. It’s true that emotional aspects influence profoundly upon how one visualizes home. However‚ physical aspects are the house of home. Without land‚ a physical place‚ the picture about home in one’s soul will not come out easily. In fact‚ many people who are capable of building thousand houses find it hard to really build a home. A house is a simply a shelter while a home is a family
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What it means to be an American The United States of America is a wonderful country where there is equal opportunities‚ rights and freedoms‚ and justice. America’s founding fathers like George Washington saw the potential of America being the greatest country of all. They created the constitution. The constitution created a stronger federal government and gave citizens rights. It wasn’t until 1865 that the United States Constitution ended slavery. America has prospered so much since then and now
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CARDINAL UTILITY ANALYSIS 3Human wants are unlimited and they are of different strength. The means at the disposal of a man are not only scarce but they have alternative uses. As a result of scarcity of resources‚ the consumer cannot satisfy all his wants. He has to choose as to which want is to be satisfied first and which afterward if the resources permit. The consumer is confronted in making a choice. For example‚ a man’ is thirsty. He goes to the market and satisfies his thirst by purchasing
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14 Accounting publications and research in twentieth-century Japan1 14.1 Introduction Japan’s interest in modern accounting began in the late nineteenth century with Alexander Shand [1844–1930].2 The Japanese translation of Shand’s (1873) Bank bookkeeping proved to be so important that his system of bank accounting became legally obligatory for the newly established banking system of the Meiji era. In the same year‚ Fukuzawa (1873–74) published a Japanese translation of Bryant and Stratton’s (1871)
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Cost Accounting - Chapter 1 1. Flexibility is said to be the hallmark of modern management accounting‚ whereas standardization and consistency describe financial accounting. Explain why the focus of those two accounting systems differs. Financial accounting is more about the bigger picture—it evaluates the finances of the organization as a whole‚ using historical‚ quantitative‚ monetary‚ and factual data. It is more formal and requires the use of GAAP. The information financial accounting
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With the development of society and improvement of economic conditions‚ more and more families have the ability to afford cars. But what the number of cars will be in the future? Is it safe to reach the conclusion that there will be fewer cars in use than there are today in 20 years? In my opinion‚ it’s possible and the reasons are as follows. Just imagine which of the following two worlds you would prefer: Option one is that you are living in a place where the sky is grey and the river is yellow
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What It Means To Live Can the presence or absence of love determine whether a person is truly living or is not living at all? James Joyce’s “The Dead” is a work of the Modern era. In keeping with the time‚ this short story focuses on self-reflection and isolation. Throughout the story‚ the main character Gabriel is desperately searching for where his position is in the world. Gretta‚ his wife‚ also seems to live as merely a shadow of her former her. Although the story is predominately centered
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