Inventory information for great falls merchandising, inc. is provided below. sales for the period were 2,800 units at $10 each. the company uses a fifo periodic inventory system. date number of units unit cost total cost january 1 beginning inventory 1,000 $3.00 $3,000 january purchase 600 $3.50 $2,100 february purchase 800 $4.00 $3,200 march purchase 1,200 $4.25 $5,100 totals 3,600 $13,400 determine the gross profit for the quarter ended march 31. multiple choice $12,400 $12,600 $18,000 $22,400

How do communism and socialism differ in terms of the role that government plays in the economy ?

On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.