3.Please contrast between "perpetual" and "periodic" inventory systems.State two contrasting features

10.Please explain how the long-term and short-term classification of assets and liabilities is determined.

#In addition, please define "operating cycle

10.1 Please calculate the maximum interest rate you would take from a bank loan, in order to make sure your company always took advantage of the 2/10, n/30 terms that were available to your company.

12.Do the accrued payroll journal entries for your company, that has a payroll expense of $460,000 every two weeks.Your pay dates are 12/24/20 and 1/7/21.Do the 12/31/20 journal entry, as well as the 1/7/21 journal entry.