What Is the First Step in the Operating Cycle for a Retailing

question 86

Multiple Choice

What is the first step in the operating cycle for a retailing business?

• A)The firm sells inventory to customers,creating accounts receivable.
• B)The firm delivers inventory to customers.
• C)The firm collects cash.
• D)The firm buys inventory.

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Definitions:

Unconscious

A part of the mind that is inaccessible to the conscious mind but that affects behaviors and emotions.

Dreams

Mental experiences that occur during sleep, often involving imaginary, vivid, and complex scenarios.

Hypnosis

A trance-like state of focused attention, reduced peripheral awareness, and heightened suggestibility, often used for therapeutic purposes.

Anesthetizing

refers to the process of using drugs or substances to induce a loss of sensation or consciousness, typically to perform a medical procedure without pain.