Question: What is the difference between a manufacturing business and a service business
What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both?
Answer to relevant QuestionsWhy are most large companies like Google, CocaCola, Ford, and IBM organized as corporations?The three business activities are financing, investing, and operating. Using Delta Air Lines, give an example of a financing, investing, and operating activity.The total assets and total liabilities of Best Buy and Hewlett-Packard are shown here.Determine the stockholders’ equity of eachcompany.Identify each of the following items as (a) An asset,(b) A liability, (c) Revenue,(d) An expense, or (e) A dividend:1. Amounts due from customers2. Amounts owed vendors3. Cash on hand4. Cash paid to stockholders5. Cash ...A company’s stakeholders often differ in their financial statement focus. For example, some stakeholders focus primarily on the income statement, while others may focus primarily on the statement of cash flows or the ...
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