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Merchandising Business
A type of business that purchases goods and sells them at a higher price without changing their form.
Merchandising Income Statement
A financial statement that shows the gross profit, operating expenses, and net income of a company that buys and sells goods.
Administrative Expenses
Administrative Expenses are costs related to the general operation of a business, including expenses such as office supplies, salaries of administrative personnel, and rent.
Operating Income
Income generated from the normal business operations of a company, excluding expenses such as interest and taxes.
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