1. Explain Cash to Cash cycle (operating cycle) in service and in teh merchandise company. 2. Discuss on credit termis dat can be offered from teh side of Seller and Buyer and which new accounts are used for recording these transactions. Explain teh difference between teh perpetual and periodic system of recording Inventory transactions. 3. The company has teh following information: beginning inventory -15,000 AED, Purchases -85,000 AED, goods were returned in teh amount of 4,000 AED, and purchased discounts earned -200AED, Company reports freight -in costs -600AED and freigh out costs - 1200AED. Goods on hand were 7,000 AED. Calculate COGS (Cost of goods sold). Company keeps periodic system of Inventory 1 - B