An automobile manufacturer produces and sells the Energy-Saver Car in North America. It also produces and sells the Smart Little Car in China. In North America, the mean annual number of Energy-Saver Cars produced over the past decade was 12,100. The variance was 8,100. Net revenue for each car sold was $2.1 thousand. (Net revenue is price minus unit variable costs.) The annual fixed costs of the North American facilities were $176 thousand (costs of management, buildings, insurance, etc.). In China, the mean annual number of Smart Little Cars produced over the past decade was 7,500. The variance was 6,400. Net revenue for each car sold was $1.2 thousand. The annual fixed costs of the facility in China were $23 thousand. The covariance between the number of cars produced in North America and the number of cars produced in China was 5,040. Use X and Y to represent the number of cars produced in North America and the number produced in China, respectively. Use PRX and PRY to represent profits in North America and profits in China, respectively. What is the value of mean profit in North America (mean of PRX)?

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

You have just received notification that you have won the $2.0 million first prize in the centennial lottery. however, the prize will be awarded on your 100th birthday (assuming you're around to collect), 66 years from now. what is the present value of your windfall if the appropriate discount rate is 8 percent?

Alpha company uses the periodic inventory system for purchase & sales of merchandise. discount terms for both purchases & sales are, 2/10, n30 and the gross method is used. unless otherwise noted, fob destination will apply to all purchases & sales. the value of inventory is based on periodic system. on january 1, 2016, beginning inventory consisted of 350 units of widgets costing $10 each. alpha prepares monthly income statements. the following events occurred during the month of jan.: dateactivitya. jan. 3purchased on account 350 widgets for $11 each. b.jan. 5sold on account 400 widgets for $30 each. paid freight out with petty cash of $150.c. jan. 10purchased on account 625 widgets for $12 each. d.jan. 11shipping cost for the january 10 purchased merchandise was $400 was paid with a cheque by alpha directly to the freight company. e.jan. 12returned 50 widgets received from jan. 10 purchase as they were not the correct item ordered. f.jan. 13paid for the purchases made on jan. 3.g. jan. 21sold on account 550 widgets for $30 each. paid freight out with petty cash of $250.h. jan. 22authorize credit without return of goods for 50 widgets sold on jan. 21 when customer advised that they were received in defective condition. i.jan. 25received payment for the sale made on jan. 5.j. jan. 26paid for the purchases made on jan. 10.k. jan. 31received payment for the sale made on jan. 21.use this information to prepare the general journal entries (without explanation) for the january events. if no entry is required then enter the date and write "no entry required."