Gerhard inc. sells airline tickets for new world global airlines. gerhard inc. receives a 8% commission on the sales price of the tickets. during july, gerhard inc. sells $1 million of tickets with a cost of $750,000 for new global airlines. new world global airlines should record (select all that apply) cost of tickets sold for $750,000sales revenue for $1 millionif a seller determines that the time value of money is significant, theseller adjusts sales or service revenue and recognizes the financing component as: .

Rate of return douglas keel, a financial analyst for orange industries, wishes to estimate the rate of return for two similar-risk investments, x and y. douglas's research indicates that the immediate past returns will serve as reasonable estimates of future returns. a year earlier, investment x had a market value of $27 comma 000; and investment y had a market value of $46 comma 000. during the year, investment x generated cash flow of $2 comma 025 and investment y generated cash flow of $ 6 comma 770. the current market values of investments x and y are $28 comma 582 and $46 comma 000, respectively. a. calculate the expected rate of return on investments x and y using the most recent year's data. b. assuming that the two investments are equally risky, which one should douglas recommend? why?