Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.30 each. During the period, the company purchased inventory items as follows. Glasgow sold 260 units after purchase 3 for $10.60 each.

Purchase No. of Items Cost

1 200 $9.00
2 150 $9.30
3 50 $10.50

Glasgow sold 220 units after purchase 3 for $17.00 each.

Glasgow's cost of goods sold under FIFO would be:

a. $1,650.
b. $2,100.
c. $2,310.
d. $1,860.

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost

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.

Most economists report the elasticity of demand asa. the absolute value of the actual number.b. a negative number, since price and quantity demanded move in opposite directions.c. a percentage, since both the numerator and denominator are percentages.d. a dollar amount, since we are measuring the change in price.