On november 1, 2015, elli company declared a dividend of $3.00 per share. elli company has 20,000 shares of common stock outstanding and no preferred stock. the date of record is november 15, and the payment date is november 30, 2015. on november 30, elli made the following journal entry:

a) debit retained earnings $60,000 and credit dividends payable—common $60,000.
b) debit dividends payable—common $60,000 and credit cash $60,000.
c) debit cash $60,000 and credit dividends payable—common $60,000.
d) debit retained earnings $60,000 and credit cash $60,000.

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct