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Can you help me out responding to this Which of the following is the effect of purchasing merchandise on account with credit terms of n/30
Can you help me out responding to this
Which of the following is the effect of purchasing merchandise on account with credit terms of n/30 ? a. There is an increase in the profitability (gross profit percent) metric, while the liquidity (working capital) metric remains unchanged. b. There is an increase in both the liquidity (working capital) and profitability (gross profit percent) metrics. c. There is an increase in the liquidity (working capital) metric, while the profitability (gross profit percent) metric remains unchanged. d. There is no effect on the liquidity (working capital) and profitability (gross profit percent) metrics. transportation is prepaid by the seller, and that the invoice is paid within the credit period, what is the amount of cash received by the seller? a. $5,100 b. $4,700 c. $4,900 d. $5,200Step by Step Solution
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