Accounting 10, 20, 30
Course Configurations
Evaluate the operation and viability of a merchandising business from an accounting perspective.
Indicators for this outcome
| (a) | Investigate the difference between a service business and a merchandising business. |
| (b) | Analyze local, provincial, national and international examples of merchandising (buying and selling) between producer, manufacturer, wholesaler, retailer and consumer. |
| (c) | Evaluate business decisions related to import/export costs, product sustainability, local vs international merchandise and the impact those decisions have on the financial profits/loss of a business. |
| (d) | Identify examples of merchandising businesses within the community and examine the viability of the business. |
| (e) | Interview an owner of a merchandising business in the community to discuss operational information. |
| (f) | Explain the difference between the acquisition price and the selling price of a product. |
| (g) | Discuss the meaning of markup, margin and markdown. |
| (h) | Explain purchases and their related accounts as being the main record of costs of the merchandise for resale in a periodic inventory system. |
| (i) | Design a proposal for a home-based or online merchandising business, including components such as cost price, profit, overhead, selling price, salaries, delivery, advertising, income tax benefits, primary or secondary source revenue, supplier and markdown. |
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