Use the information below to determine the sales revenue,cost of goods sold and gross profit that would be reported for the company related to the March 16 sale assuming the company uses weighted average inventory valuation and a perpetual inventory system.

Ty earns a base rate of $12 an hour and receives a weekly attendance award of $20. He works 40 hours this week. What would be his total compensation for the week?

A) $480
B) $600
C) $500
D) $520
E) $250

Provide a definition of M&M Proposition I.

The gross domestic product measures the value of all final goods and services produced by resources owned by a nation.

Gestures are a transnational means of communicating,in that they have the same or universal meaning across cultures.

A CVP graph presents data on:

A) Profit and loss on a per unit basis.
B) Profit,loss,and break-even on a total dollar basis.
C) Profit,loss,and break-even on a per unit basis.
D) Only profit and loss on a total basis.
E) Profit and loss on a budget and actual basis.