• Explain how the operating cycle for a merchandiser is different from a manufacturer.
• Explain the difference between perpetual and periodic inventory systems.What types of businesses would use each system and what are the advantages and disadvantage of each.
• Companies sometimes offer their customers a discount on their purchase if they pay early.What is the benefit for the company to take a reduced amounton these purchases and from the customer's point of view is it beneficial for them to take the discount. What factors does the customer have to consider when deciding to take the discount?