B. suppose it costs both mcdonald’s and wendy’s $4 (cogs) per their value meal offerings, each sold at the same price of $6. assume that the cost of inventory for both companies is 25% a year. approximately how much does mcdonald’s save in inventory cost per value meal compared to that of wendy’s? you may assume the inventory turns are independent of the price.

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.