"turner, a successful executive, is negotiating a compensation plan with his potential employer. the employer has offered to pay turner a $600,000 annual salary, payable at the rate of $50,000 per month. turner counteroffers to receive a monthly salary of $40,000 ($480,000 annually) and a $180,000 bonus in 5 years when turner will be age 65. a) if the employer accepts turner’s counteroffer, turner will recognize $660,000 at the time the offer is accepted. b) if the employer accepts turner’s counteroffer, turner will recognize as gross income $55,000 per month [($480,000 + $180,000)/12]. c) if the employer accepts turner’s counteroffer, turner will recognize $40,000 income each month for the year and $180,000 in year 5. d) if the employer accepts turner’s counteroffer, turner must recognize imputed interest income on the $180,000 to be received in 5 years. e) none of the above.

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

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.

Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted