Question 19 a company just starting in business purchased three merchandise inventory items at the following prices. first purchase $70; second purchase $80; third purchase $75. if the company sold 2 units for a total of $230 and used fifo costing, the gross profit for the period would be a) $85. b) $80. c) $70. d) $75.

The gomez company, a merchandising firm, has budgeted its activity for december according to the following information: • sales at $500,000, all for cash. • merchandise inventory on november 30 was $250,000. • the cash balance at december 1 was $20,000. • selling and administrative expenses are budgeted at $50,000 for december and are paid for in cash. • budgeted depreciation for december is $30,000. • the planned merchandise inventory on december 31 is $260,000. • the cost of goods sold represents 75% of the selling price. • all purchases are paid for in cash. the budgeted cash disbursements for december are:

An object that is clicked on and takes the presentation to a new targeted file is done through a

An economic theory that calls for workers to take control of factories is .