Alphabet company, which uses the periodic inventory method, purchases different letters for resale. alphabet had no beginning inventory. it purchased a thru g in january at $8.50 per letter. in february, it purchased h thru l at $10.50 per letter. it purchased m thru r in march at $11.50 per letter. it sold a, d, e, h, j and n in october. there were no additional purchases or sales during the remainder of the year. use the information above to answer the following question. if alphabet company uses the fifo method, what is the cost of its ending inventory? a. $24b. $42c. $58d. $76

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment

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

Why do you think the compensation plans differ at the two firms? in particular, why do you think kaufmann’s pays commissions to salespeople, while parkleigh does not? why does parkleigh offer employees discounts on purchases, while kaufmann’s does not?