The following balances were taken from the books of crane corp. on december 31, 2020. interest revenue $87,000 accumulated depreciation—equipment $41,000 cash 52,000 accumulated depreciation—buildings 29,000 sales revenue 1,381,000 notes receivable 156,000 accounts receivable 151,000 selling expenses 195,000 prepaid insurance 21,000 accounts payable 171,000 sales returns and allowances 151,000 bonds payable 101,000 allowance for doubtful accounts 8,000 administrative and general expenses 98,000 sales discounts 46,000 accrued liabilities 33,000 land 101,000 interest expense 61,000 equipment 201,000 notes payable 101,000 buildings 141,000 loss from earthquake damage 151,000 cost of goods sold 622,000 common stock 501,000 retained earnings 22,000 assume the total effective tax rate on all items is 20%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e. g. 1.48.)
Answers: 3
Business, 22.06.2019 08:00, leannaadrian
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
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Business, 22.06.2019 09:00, episodegirl903
You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer
Answers: 3
The following balances were taken from the books of crane corp. on december 31, 2020. interest reven...
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