On january 2, 2015, polk borrowed $60,000 and used the proceeds to purchase 90% of the outstanding common shares of strass. this debt is payable in ten equal annual principal payments, plus interest, beginning december 30, 2015. the excess cost of the investment over strass’ book value of acquired net assets should be allocated 60% to inventory and 40% to goodwill. on january 2, 2015, the fair value of strass shares held by noncontrolling parties was $10,000. on polk’s january 2, 2015 consolidated balance sheet, current liabilities should be

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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

Sole proprietorships produce more goods and services than does any other form of business organization.