Skysong has the following inventory data: its July 1 5 14 21 30 Beginning inventory Purchases Sale Purchases Sale 25 units at $49 148 units at $46 98 units 74 units at $48 69 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for July? $4053 $3801 $3765 $3753 Carla Vista Corporation purchases $1600 of merchandise on account from Enterprise Company, terms 5/10.n/30. Carla Vista and Enterprise both use periodic inventory systems. Carla Vista's entry record this transaction is: ts Purchases Accounts Payable 1600 1600 Inventory Accounts Payable 1600 1600 Accounts Payable Purchases 1600 1600 Accounts Payable Inventory 1600 1600 Marigold Corp. purchased merchandise with an invoice price of $1900 and credit terms of 3/11, n/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms? O 38% its O 7% O 3% 57%