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Compare and contrast a manufacturing, a merchandising, and a service business.

There are different types of businesses.

  1. Compare and contrast a manufacturing, a merchandising, and a service business.
  2. Think about the costs of running Good 4You Café. Identify 4-5 costs under each of these categories: direct materials, direct labor, overhead, selling and administrative expenses.
  3. When do the above costs appear on the balance sheet? On the income statement?
  4. Is Good 4You Café a manufacturing, a merchandising or a service business? Support your answer with examples.

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