In response to requests from customers, s. rey will begin selling computer software. the company will extend credit terms of 1/10, n/30, fob shipping point, to all customers who purchase this merchandise. however, no cash discount is available on consulting fees. additional accounts (nos. 119, 413, 414, 415, and 502) are added to its general ledger to accommodate the company's new merchandising activities. also, business solutions does not use reversing entries and, therefore, all revenue and expense accounts have zero beginning balances as of january 1, 2018. its transactions for january through march follow:

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.

What is inventory turnover? explain the effect of a high inventory turnover during the christmas shopping season.

Which of the following scenarios will probably cause prices to drop