Faced with high gas prices, americans are substituting smaller cars for suvs. in april 2008, toyota yaris sales increased 46 percent and ford focus sales increased 32 percent from a year earlier. sales of suvs decreased by more than 25 percent in 2008 and chevrolet tahoe sales fell 35 percent. full-size pickup sales decreased more than 15 percent in 2008 and ford f-series pickup sales decreased by 27 percent in april 2008. the effect of a downsized vehicle fleet on fuel consumption is unknown. in california, gasoline bought decreased by 4 percent in january 2008 from a year earlier. source: thenew york times, may, 2, 2009use the information in the news clip, along with the fact that in california, the price of gasoline in january 2008 increased by about 30 percent from a year earlier. calculate the cross elasticity of demand for toyota yaris with respect to the price of gasoline and the cross elasticity of demand for ford focus with respect to the price of gasoline.

Expert computers was started in 2018. the company experienced the following accounting events during its first year of operation: started business when it acquired $40,000 cash from the issue of common stock. purchased merchandise with a list price of $32,000 on account, terms 2/10, n/30. paid off one-half of the accounts payable balance within the discount period. sold merchandise on account for $28,000. credit terms were 1/20, n/30. the merchandise had cost expert computers $16,000. collected cash from the account receivable within the discount period. paid $2,100 cash for operating expenses. paid the balance due on accounts payable. the payment was not made within the discount period. required record the events in a horizontal statements model below. in the cash flows column, use the letters oa to designate operating activity, ia for investing activity, fa for financing activity, or nc for net change in cash. if the account is not affected by the event, leave the cell blank. the first event is recorded as an example. what is the amount of gross margin for the period? what is the net income for the period?