At the beginning of july, cd city has a balance in inventory of $3,400. the following transactions occur during the month of july.

july 3 purchase cds on account from wholesale music for $2,300, terms 1/10, n/30. july 4 pay cash for freight charges related to the july 3 purchase from wholesale music, $110. july 9 return incorrectly ordered cds to wholesale music and receive credit, $200. july 11 pay wholesale music in full. july 12 sell cds to customers on account, $5,800, that had a cost of $3,000. july 15 receive full payment from customers related to the sale on july 12. july 18 purchase cds on account from music supply for $3,100, terms 1/10, n/30. july 22 sell cds to customers for cash, $4,200, that had a cost of $2,500. july 28 return cds to music supply and receive credit of $300. july 30 pay music supply in full.

prepare the top section of the multiple-step income statement through gross profit for the month of july.

the answerr would be 1

turnover

the amount of money taken by a business in a particular period.

answer; /// egg production using the factory technique falls less than with the free range technique;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.