On march 31 a company needed to estimate its ending inventory to prepare its first quarter financial statements. the following information is available: beginning inventory, january 1: $5,000 net sales: $50,000 net purchases: $51,000 the company's gross margin ratio is 15%. using the gross profit method, the cost of goods sold would be:

$6,000. $26,500. $5,000. $31,500. $42,500.

True or false: a smart store layout moves customers in and out as fast as possible. a) true b) false

Double corporation acquired all of the common stock of simple company for

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