Required Information [The following information applies to the questions displayed below) Assume the perpetual inventory system is used. 1) Green Company purchased merchandise inventory that cost $17100 under terms of 410,6/30 and FOB shipping point 2) Green Company paid freight cost of $710 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days. 4) All of the merchandise was sold to customers for $25,700 cash and delivered under terms FOB destination with freight cost amounting to $510. What is the amount of gross margin that results from these transactions? Multiple Choice $8,574 $8.774 O $9,284 $8,064 Required Information [The following information applies to the questions displayed below) Assume the perpetual inventory system is used 1) Green Company purchased merchandise Inventory that cost $17100 under terms of 4/10, 1/30 and FOB shipping point 2) Green Company paid freight cost of $710 to have the merchandise delivered. 3) Payment was made to the supplier on the inventory within 10 days 4) All of the merchandise was sold to customers for $25.700 cash and delivered under terms FOB destination with freight cost amounting to $510, "hat is the net cash now from operating activities that results from these transactions? Multiple choice $9,284 Inflow O $8,064 innow $17.636 outlow $25.700 inflow Galaxy Company sold merchandise costing $2.600 for $1.200 cash The merchandise se returned by the customer for and the company as the perperamentory system wheredem have on the financial statements Consider the effects of both parts of event Nucle Choice Toton and continuo Todos by 14300 and 2000 Tad 300 Panty 1600 Sanchez Company engaged in the following transactions during Year 1: 1) Started the business by issuing $12,500 of common stock for cash. 2) The company paid cash to purchase $7.600 of inventory. 3) The company sold inventory that cost $5,000 for $10,150 cash. 4) Operating expenses incurred and paid during the year. $4.500. Sanchez Company engaged in the following transactions during Year 2: 1) The company paid cash to purchase $10,800 of inventory 2) The company sold inventory that cost $9.200 for $16.750 cash. 3) Operating expenses incurred and paid during the year, $5,500. Note: Sanchez uses the perpetual inventory system. What is Sanchez's gross margin for Year 22 Multiple Choice $7,550 $5.950 $2,050 $9,200