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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
1.     What distinguishes a merchandising business  from a service business?
2.     Can a business earn a gross profit but incur a net loss? Explain.
3.    The credit period during which the buyer of mer- chandise is allowed to pay usually begins with what date?
4.     What is the meaning of (a) 1/15, n/60; (b) n/30;
(c) n/eom?
5.     How are sales to customers using MasterCard and VISA recorded?
6.     What is the nature of (a) a credit memo issued by the seller of merchandise, (b) a debit memo issued by the buyer of merchandise?
7.     Who bears the freight when the terms of sale are
(a)Â Â Â FOB shipping point, (b) FOB destination?
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