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Chapter 3 Operating Decisions and the Accounting System Q: 1,2,4,6,7,8,11; E: 2,3,4,6,7,10,11,18; P:1,2, ANSWERS TO QUESTIONS. A typical business operating cycle for a manufacturer would be as follows: inventory is purchased, cash is paid to suppliers, the product is manufactured and sold on credit, and the cash is collected from the customer.

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