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The operating cycle of a merchandiser with credit sales includes the following five activities. With merchandise acquisition as the starting point, arrange the events

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The operating cycle of a merchandiser with credit sales includes the following five activities. With merchandise acquisition as the starting point, arrange the events in the correct order. a. Monitor receivables from customers. b. Receive payment in cash from customers on account. c. Acquire merchandise with cash. d. Arrange merchandise for sale. e. Sell merchandise on credit to customers. 1 4 3 2

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