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Nordstrom orders 500 pairs of women's jeans from Guess Jeans Company for $32 each for...

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Accounting

Nordstrom orders 500 pairs of women's jeans from Guess Jeans Company for $32 each for future delivery. The terms require full payment within 30 days of delivery. (Answer from the manufacturer's standpoint.) Note: Guess Jeans has been doing business with Nordstrom for 25 years. The companies have an established business relationship. Hint: so far only an order is made.

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