1. ABC Company, a manufacturer, sold 100 units to a customer on November 17, 2021. The units have a list price of $600 each, but the customer was given a 30% trade discount. The terms of the sale were 2/10, n/30. a) Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on November 26, 2021, assuming that the gross method of accounting for cash discounts is used. To record the sale on November 17 Dr. Cr. To record the collection on November 26 Dr. Dr. Cr. b) Prepare the journal entries to record the collection on December 10, 2021, assuming that the gross method of accounting for cash discounts is used. To record the collection on December 10 Dr. Cr. c) Prepare the journal entries to record the sale on November 17 (ignore cost of goods) and collection on December 10, 2021, assuming that the net method of accounting for cash discounts is used. To record the sale on November 17 Dr. Cr. To record the collection on December 10 Dr. Cr. Cr.

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

An investment offers a total return of 18 percent over the coming year. janice yellen thinks the total real return on this investment will be only 14 percent. what does janice believe the inflation rate will be over the next year?

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.