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Yerbury Corp. manufactures construction equipment. Journalize the entries to record the following selected equity investment transactions completed by Yerbury during 2016: Feb. 2. Purchased for cash 5,300 shares of Wong Inc. stock for per share plus a brokerage commission. Mar. 6. Received dividends of per share on Wong Inc. stock. June 7. Purchased 2,000 shares of Wong Inc. stock for per share plus a brokerage commission. July 26. Sold 6,000 shares of Wong Inc. stock for per share less a brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold. Sept. 25. Received dividends of per share on Wong Inc. stock.
Tony is paying off a car loan. The monthly payment is $211.28. He is hoping to receive an income tax refund that is large enough to make one monthly payment. His tax is$1,722 and his employer withheld $2,071 in federal taxes. Will Tony be able to make one car loan payment with the refund? Explain your answer.
Refer to Exercise (1) (p. 655) and the study of software millionaires and their birthdays. The data is given below.
|Decade||Total U.S. Births (millions)||Number of Software Millionaire Birthdays||Number of CEO Birthdays (in a random sample of 70 companies from the Fortune 500 list)|
b. Find , and for the simple linear regression model relating number of software millionaire birthdays in a decade to number of birthdays.