Question: BASIC ACCOUNTING ASSIGNMENT 1 chapter 5: Value 45 points Answer the following questions below them. Look at what they ask and their score. A question

BASIC ACCOUNTING ASSIGNMENT 1 chapter 5: Value 45 points Answer the following questions below them. Look at what they ask and their score. A question that has a value of 8 points should not be answered with a word. 1. What is a "Merchandise operation" company. (3pts) 2. What is the difference between "Merchandise Operation" Vs "Service Operation"(8 pts) 3. What "Wholesaler" refers to. (3 pts) 4. What "Retailer" refers to. (3 pts) 5. That he is a "Manufacturer". (3 pts) 6. What the "Cost of Good Sold" refers to. (3 pts) 7. Que significa "FOB shipping point. (3 pts) 8. What does "FOB destination" mean. (3 pts) 9. What is the difference between "Periodic System Inventory" vs "Perpetual System Inventory". (8 pts) 10. What is the difference in the "Income Statement Service Company" vs. the "Income Statement of Merchandise Company". (8 pts)

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