Question: What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both? Discuss.

What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both? Discuss.

Step by Step Solution

★★★★★

3.45 Rating (171 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

A manufacturing business changes basic inputs into products that are then sold to customers A s... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

59-B-C-A-A-R (74).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

What is the difference between a manufacturing business and a merchandising business? Give an example of each type of business.

What is the difference between a manufacturing companys gross margin and its total contribution margin ?

What is the difference between a business plan and an acquisition plan?

What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both?

Which of the following would best describe the difference between a manufacturing business and a service business? manufacturing businesses do not require capital, while service businesses do...

What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both?LO1

What is the difference between a manufacturing business and a service business? Is a restaurant a manufacturing business, a service business, or both?AppendixLO1

In 1979 Gary Knisely, a principal of the consulting firm Johnson Smith & Knisely, asked the title question to practicing service marketers. Specifically, Knisely interviewed several high-ranking...

CIK WIL VIR Read the requirements Requirement 1. Define the three business types, service, merchandising and manufacturing Business type Definition Service Merchandising Manufacturing Requirement 2....

1. Accounting Equation The total assets and total liabilities for a recent year of Apple (AAPL) and HP (HPQ) formerly Hewlett-Packard are shown below. Apple (in millions) HP (in millions) Assets...

Elaborate on the significance of the mode of payment for the stockholders of the target firm and their continued interest in the surviving firm. Specifically, which form of payment retains the...

Define organizational structure? Mention the types of organizational structure.? What are the components of organizational structures? What are the primary characteristics expected of employees?

Select all that apply Which of the following come from a government source of information? Multiple select question. issuances of business licenses consumer demographic trends business demographic...

On January 1, 2014, Palmer Company acquired a 90% interest in Stevens Company at a cost of $1,002,900 . At the purchase date, Stevens Company's stockholders' equity consisted of the following: Common...

What is the procedure for installing FRS in Oracle Finance Cloud?

A Bank is developing a loan policy of $ 10 million, for the allocation of capital as follows: Type of loan Interest Rate % of debt not paid Personal 0.15 0.1 Automobile 0.14 0.07 House 0.13 0.01...

Dora Nyika is a student pursuing a Bachelors Degree in Business Studies (BBS) at a certain University in Zambia. Dora will graduate in one year time and has applied for a job with an international...

Which of the following is an advantage of using the indirect approach with negative messages? a. Most readers prefer the direct approach for such messages. b. It makes a shorter message possible. c....

Onsite Insurance Company takes 10 days to make payments on insurance claims. Claims are processed through three departments: Data Input, Claims Audit, and Claims Adjustment. The three departments are...

Jupiter Shirt Company manufactures various styles of mens casual wear. Shirts are cut and assembled by a workforce that is paid by piece rate. This means that workers are paid according to the amount...

Hall Regional Hospital plans to use activity-based costing to assign hospital indirect costs to the care of patients. The hospital has identified the following activities and activity rates for the...

You are selling hot dogs in Central Park for 100 days. Hot dog sales are of course dependent on weather. Suppose that for any particular day, the weather is either rainy or sunny; on average,...

Victor Mortiz has recently started seeing a new doctor. On his intake form, he was asked for his eye color, his weight (in pounds), his birth order among his siblings (i.e. whether he was the oldest...

Watch the video and answer two questions below. 1) Find the Linear Regression Equation. 2) Find the Linear Correlation Coefficient, r = ? https://www.youtube.com/watch?v=LVnHpmbv7Yg