On july 15, 2018, the nixon car company purchased 2,000 tires from the harwell company for $41 each. the terms of the sale were 2/10, n/30. nixon uses a periodic inventory system and the gross method of accounting for purchase discounts. required: 1. prepare the journal entries to record the purchase on july 15 and payment on july 23, 2018. 2. prepare the journal entry to record the payment on august 15, 2018. 3. if nixon instead uses a perpetual inventory system, explain any changes to the journal entries created in requirements 1 and 2.

Franklin painting company is considering whether to purchase a new spray paint machine that costs $4,800. the machine is expected to save labor, increasing net income by $720 per year. the effective life of the machine is 15 years according to the manufacturer’s estimate. required determine the unadjusted rate of return based on the average cost of the investment.

One question from a survey was "how many credit cards do you currently have? " the results of the survey are provided. complete parts (a) through (g) below. click the icon to view the survey results. (a) determine the mean number of credit cards based on the raw data. the mean is 3.113.11 credit cards. (type an integer or a decimal. do not round.) (b) determine the standard deviation number of credit cards based on the raw data. the standard deviation is 1.9111.911 credit cards. (round to three decimal places as needed.) (c) determine a probability distribution for the random variable, x, the number of credit cards issued to an individual. x (# of cards) p(x) x (# of cards) p(x) 1 0.280.28 6 nothing 2 nothing 7 nothing 3 nothing 8 nothing 4 nothing 9 nothing 5 nothing 10 nothing (type integers or decimals. do not round.)

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