Chapter 4-powerpoint-CLASS NOTES

Chapter 4-powerpoint-CLASS NOTES - CHAPTER 4 Reporting and...

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Reporting and Analyzing Merchandising Operations C H A P T E R 4
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Service Organizations Service organizations provide Service organizations provide services to earn revenue. services to earn revenue. Examples: Accounting firms, Universities, Examples: Accounting firms, Universities, law firms and plumbing services law firms and plumbing services Revenues Expenses Minus Net income Equals
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Manufacturer Wholesaler Retailer Customer Merchandising Companies Merchandising Companies Merchandising Activities Merchandising companies sell products products (Merchandise Inventory) (Merchandise Inventory) to earn revenue. Examples: sporting goods, clothing, and auto parts stores
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3,014.1 651 Retail Ventures 14 3,375.4 591 Belk 13 3,455.8 581 Bon-Ton Stores 12 3,564.3 570 Saks 11 6,394.8 359 Family Dollar Stores 10 7,849.4 307 Dillard's 9 8,560.7 286 Nordstrom 8 9,169.8 273 Dollar General 7 15,544.2 152 Kohl's 6 19,903.0 116 J.C. Penney 5 28,711.0 76 Federated Dept. Stores 4 53,012.0 38 Sears Holdings 3 59,490.0 33 Target 2 351,139.0 1 Wal-Mart Stores 1 Revenues ($ millions) 500 rank Company Rank Industry: General Merchandisers Who is the largest Merchandising Company? Source: Fortune Magazine, April 30, 2007 issue
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Reporting Income of a Merchandiser Minus Equals Minus Equals
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Operating Cycle for a Merchandiser Begins with the purchase of merchandise and ends with the collection of cash from the sale of merchandise. Purchases Merchandise inventory Credit sales Account receivable Cash collection Purchases Merchandise inventory Cash sales
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Beginning Inventory, Ending Inventory and COGS
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Merchandising Transactions Trade Discounts: Trade Discounts:
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