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The cost accountant for Carlos Candies, Inc. prepared the following static budget based on expected activity of 2,000 units: Revenues \$ 64,000 Variable Costs (34,000 ) Contribution Margin 30,000 Fixed Costs (18,000 ) Net Income \$ 12,000 If Carlos actually produced 1,500 units, the flexible budget would show variable costs of

You invest all the money you earned during your summer sales job (a total of \$45,000) into the stock of a company that produces fat and carb-free cheetos. the company stock is expected to earn a 14% annual return; however, 5 years later it is only worth \$20,000. turns out there wasn't as much demand for fat and carb-free cheetos as you had hoped. what is the annual rate of return on your investment?
What is an example of a good stock to buy during economic expansion? a) cyclical stock b) defensive stock c) income stock d) bond
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