On April 1, the price of gas at Bob's Corner Station was $3.50 per gallon. On May 1, the price was $4.00 per gallon. On June 1, it was back down to $3.50 per gallon. Between April 1 and May 1, Bob's price increased by $0.50 or 14.29% Between May 1 and June 1, Bob's price decreased by $0.50 or 14.29% Suppose that at a gas station across the street, prices are always 20% higher than Bob's. In absolute dollar terms, the difference between Bob's prices and the prices across the street is greater when gas costs $4.00 than when gas costs $3.50. Some economists blame high commodity prices (including the price of gas) on interest rates being too low. Suppose the Fed raises the target for the federal funds rate from 2% to 2.75%. This change of raised its target by approximately percentage points means that the Fed

You sell $5 million dollars' worth of delivery trucks to Walmart on account and offer them a 2% discount if they pay within 15 days, with the invoice due after 45 days (2/15, n/45). Unfortunately, Walmart returns all of the trucks after one week because they discover that the model you sold them is not approved for use in California. Which of the following is part of the correct journal entry to make at the time that Walmart returns the trucks? DEBIT to Sales Returns of $5 million CREDIT to Sales Discount of $100,000 CREDIT to Accounts Receivable of $4.9 million CREDIT to Sales Revenue of $5 million

The EPA rating of a car is 21 mpg. If this car is driven 1,000 miles in 1 month and the price of gasoline remained constant at $3.07 per gallon, calculate the fuel cost (in dollars) for this car for one month. (Round your answer to the nearest cent.) $?

* Your answer is incorrect. Sheridan Beverages sells bottles of premium champagne. It currently costs $41 per bottle to produce each bottle of champagne. Sheridan has overhead costs of $2700 per month, and expects to incur this amount each month. Sheridan produced and sold 100 bottles of champagne last month and expects to continue this production and sales pattern for the rest of this current year. Its closest competitor currently sells its bottles of champagne at $75.00 per bottle. What is the lowest price that Sheridan could sell each bottle of champagne for to make a monthly operating profit? $75.00 O $68.01 $65.01 O $78.00

Horizon BP in Antelope Park, Alaska, has noticed that utility bills are substantially higher when the average monthly temperature is colder. The only thing in the shop that uses natural gas is the furnace. Because of prevailing low temperatures, the furnace is used every month of the year (though less in the summer months and very little in August). Everything else in the shop runs on electricity, and electricity use is fairly constant throughout the year. For a year, Horizon has been recording the average daily temperature and the cost of its monthly utility bills for natural gas and electricity. January Average Temperature 31°F Utility Cost $ 764 February 41 633 March 43 547 April May 44 414 46 279 June 50 237 July 53 224 August 60 214 September 50 309 October 40 534 November 30 December 10 754 884 Required: Use the high-low method to estimate utility cost for the upcoming months of January and February. The forecast for January is a near record average temperature of 5°F;…