Final answer:
The question pertains to accounting practices for purchasing merchandise on credit terms and the implications of a Federal Reserve open market purchase on a bank's balance sheet.
Step-by-step explanation:
The student's question appears to be related to accounting practices within the context of purchasing merchandise inventory on credit terms. Therefore, it falls under the subject of Business, specifically in the area of financial accounting, which would be taught at the College level. When the terms are 2/10, n/30, it indicates that the purchaser can take a 2% discount on the invoice price if they pay within 10 days; otherwise, the full invoice amount is due within 30 days.
In the scenarios provided, the student is asked to calculate the merchandise balance and the current account balance by filling in a specified table with the given information. We're also given a separate situation where the Federal Reserve conducts an open market purchase by buying bonds from a bank, which affects that bank's balance sheet. The task is to sketch out the balance sheet changes that will occur as the bank converts the bond sale proceeds into new loans.