The Hamlet Company uses the periodic inventory system. Information for 2018 is as follows:
Sales - $ 2,650,000
Beginning inventory - 680,000
Purchases - 1,200,000
Purchase returns - 12,000
Ending inventory - 740,000
Hamlet's cost of goods sold for 2018 is:
a. $1,522,000
b. $1,188,000
c. $1,140,000
d. $1,128,000

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.

If a government accumulates chronic budget deficits over time, what's one possible result? a. a collective action problem b. a debt crisis c. regulatory capture d. an unfunded liability