On july 8, a fire destroyed the entire merchandise inventory on hand of larrenaga wholesale corporation. the following information is available: sales, january 1 through july 8 $700,000 inventory, january 1 130,000 purchases, january 1 through july 8 640,000 gross profit ratio 30% what is the estimated inventory on july 8 immediately prior to the fire? a.$192,000. b.$490,000. c.$510,000. d.$280,000.

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to: