Explain the differences in managerial and financial accounting for a clothing retailer.  Please provide example

Define Operating cycle of Merchandising Company, Represent (In Figure form) the Income Statement of Service and merchandising sector company.

Distinguish between a service department and a production department. Give an example of the counterpart of a manufacturer’s “production” departmentin a bank.

Describe the operating cycle of a merchandising company.

How does an income statement and balance sheet for a manufacturing company and a merchandising company differ?

Describe a merchandising company, and give an example.

What is the distinction between service and merchandisingcompanies?

How are a merchandiser's  inventories different from the inventories of a service-oriented firm .