List the Three Steps,in Order of Occurrence,of the Operating Cycle

question 53

Essay

List the three steps,in order of occurrence,of the operating cycle of a merchandising business.

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Definitions:

Mixed Goods-Services

Transactions that involve a combination of tangible goods and services, which may complicate the application of laws meant for purely goods or service transactions.

Predominant Part

The most important or influential component of something.

Sue

To initiate legal proceedings against an individual or entity with the aim of obtaining redress or enforcing a right.

Computer Sales

The business activity of selling computers, computer components, and software to consumers or other businesses.