Question: The operating cycle: A. Is repeated once per year for manufacturers and merchandisers. B. Has seven steps. C. Starts with using cash to purchase merchandise

The operating cycle:

A. Is repeated once per year for manufacturers and merchandisers.

B. Has seven steps.

C. Starts with using cash to purchase merchandise and ends with collecting the cash back from customers.

D. Is longer for a retailer than for a manufacturer.

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