Question: Today, July 8 , you bought $ 2 6 , 4 0 0 worth of merchandise from your supplier. The credit terms are 2 /

Today, July

8,

you bought $

26, 400

worth of merchandise from your supplier. The credit terms are

2 / 5,

net

15 .

By what day do you have to make your payment to receive the discount? Multiple Choice July

10

July

13

July

23

July

11

July

18

Which one of the following inventory items is most likely the most liquid? Multiple Choice Metal cabinets for washing machines. The completed shell of a new home. Raw sugar owned by a cereal manufacturer. Customized spice mix sitting in the inventory of a soup company. Completed wheel assemblies for train locomotives.

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