Unit One - Nuts and Bolts

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 $\$ 20$ per share plus a $\$ 110$ brokerage commission. Mar. 6. Received dividends of $\$ 0.30$ per share on Wong Inc. stock. June 7. Purchased 2,000 shares of Wong Inc. stock for $\$ 26$ per share plus a $\$ 125$ brokerage commission. July 26. Sold 6,000 shares of Wong Inc. stock for $\$ 35$ per share less a $\$ 100$ brokerage commission. Yerbury assumes that the first investments purchased are the first investments sold. Sept. 25. Received dividends of $\$ 0.40$ per share on Wong Inc. stock.

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business math

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.

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business

Refer to Exercise $11.23$ (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)
1920	28.582	3	2
1930	24.374	1	2
1940	31.666	10	23
1950	40.530	14	38
1960	38.808	7	9
1970	33.309	4	0

b. Find $\mathrm{SSE}, s^{2}$ , and $s$ for the simple linear regression model relating number $(y)$ of software millionaire birthdays in a decade to number $(x)$ of $\mathrm{CEO}$ birthdays.

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