Chapter 5 Accounting for Merchandising Operations Chapter Summary Merchandising Operations • A merchandising company is an enterprise that buys and sells goods to earn a profit. • Measuring net income for a merchandising company is the same as for a service company through matching of expenses with revenues. • In a merchandising company‚ the primary source of revenue is the sale of merchandise‚ which is called sales revenue or sales. • Expenses for merchandising
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To solve a system of equations by addition or subtraction (or elimination)‚ you must eliminate one of the variables so that you could solve for one of the variables. First‚ in this equation‚ you must look for a way to eliminate a variable (line the equations up vertically and look to see if there are any numbers that are equal to each other). If there is lets say a –2y on the top equation and a –2y on the bottom equation you could subtract them and they would eliminate themselves by equaling zero
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Reactions and Equations Science Why should a magnesium ribbon be cleaned before burning in air? Answer Magnesium is very reactive metal. When stored it reacts with oxygen to form a layer magnesium oxide on its surface. This layer of magnesium oxide is quite stable and prevents further reaction of magnesium with oxygen. The magnesium ribbon is cleaned by sand paper to remove this layer so that the underlying metal can be exposed into air. Question 2: Write the balanced equation for the following
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Solving systems of linear equations 7.1 Introduction Let a system of linear equations of the following form: a11 x1 a21 x1 a12 x2 a22 x2 ai1x1 ai 2 x2 am1 x1 am2 x2 a1n xn a2 n x n ain xn amn xn b1 b2 bi bm (7.1) be considered‚ where x1 ‚ x2 ‚ ... ‚ xn are the unknowns‚ elements aik (i = 1‚ 2‚ ...‚ m; k = 1‚ 2‚ ...‚ n) are the coefficients‚ bi (i = 1‚ 2‚ ...‚ m) are the free terms
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opinion‚ why do accountants debit asset accounts to increase them but credit liability accounts to increase them? Why do accountants debit expenses to increase them but credit revenues to increase them? In my opinion the reason for this is that accounting equations must always balance and the two sides must always be equal. Each transaction has a dual
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Chemical Reactions I. Purpose – The purpose of this lab was to observe different type of chemical reactions to write and balance chemical equations. II. Hypothesis: If you mix two chemicals together‚ then they will change color and/or bubble/fix. III. Procedure - Workstation 1: 1. Light the Bunsen Burner 2. Add 5 – 8 mL of HCL to a test tube that’s in the test tube rack 3. Drop a 2 – cm piece of Mg ribbon into the test tube 4. Record Observations 5. Clean Workstation
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Rational Equations Rational equations can be used to get a general idea about the rate at which a job can be completed. This can be really useful for business owners and other areas of daily life. Here is an example: Scenario: Sue can paint the garage in 4 hours and Joe has carpal tunnel so he is slower and can paint the same garage in 6 hours. How long (number of hours) will it take Sue and Joe to paint the garage if they work together? Solution: Sue can paint of the garage in 1 hour. Joe
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Coordinate Systems: A point P is described by three coordinates ‚ in cartesian (x‚y‚z)‚ in cylindrical (r‚ ϕ ‚z)‚ and in spherical (r‚θ‚ ϕ )‚ as shown. A point is also defined by the intersection of three orthogonal surfaces‚ as shown. Cartesian Cylindrical Spherical Transformation from Cylinder to Cartesian Coordinates Transformation from Cartesian to Cylindrical: Transformation
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Universal Studios Advisory Board Recommendations for the pursuit of the production of programming in partnership with WWE Recently‚ we at Universal Studios have been approached by Mattel Toys to begin working on the production of a children’s program with the intent of marketing its World Wrestling Entertainment (WWE) action figures to children for their economic gain. While there may also be the opportunity for monetary gain for Universal Studios in such production‚ there are several legal
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Master of Business Administration- MBA Semester 1 MB0041 – Financial and Management Accounting Q1. Accounting is one of the oldest‚ structured management information system. Give the meaning of accounting and book keeping? Explain the objectives of accounting? ANS. Meaning of Accounting- The systematic and comprehensive recording of financial transactions pertaining to a business. Accounting also refers to the process of summarizing‚ analyzing and reporting these transactions. The financial statements
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