Remaining Time: 1 hour, 54 minutes, 30 seconds. Question Completion Status: QUESTION 8 5 p Prentice Company had cash sales of $94,275, credit sales of $83,450, sales returns and allowances of $1,700, and sales discounts of $3,475. Prentice's net sales for this period equal: $172.550. O $174,250. $94,275 $176.025. O $177,725 QUESTION 9 5 poin Cash sales shorten the operating cycle for a merchandiser; credit sales lengthen operating cycles. True False QUESTION 10 Credit terms of 2/10, n/30 imply that the seller offers the purchaser a 2% cash discount if the amount is paid within 10 days of the invoice date. Otherwise, the full amount is due in 30 days. 5 points True OFalse QUESTION 11 Interim financial statements Are necessary to achieve full disclosure about a business's operations 5 points Ann minnd hthe Coearees Save All Answers