Use the information below to answer the following question(s).Toronto Industries Inc.had the following activities during the year:

-Merchandising-sector companies
A)purchase materials and convert them to finished goods.
B)buy goods and resell them.
C)provide services or intangible products.
D)have only variable costs.
E)have period and some manufacturing costs.

Question

Use the information below to answer the following question(s).Toronto Industries Inc.had the following activities during the year:
 
-Merchandising-sector companies
A)purchase materials and convert them to finished goods. 
B)buy goods and resell them. 
C)provide services or intangible products. 
D)have only variable costs. 
E)have period and some manufacturing costs.

Quizplus · Accepted Answer

Toronto Industries Inc. is engaged in merchandising, which means they buy goods and resell them. This is the definition of a merchandising-sector company.

Use the Information Below to Answer the Following Question(s)