Country A has a population of ?(?) = 75(0.83) ? where t is the number of years after 2000 and ?(?) is the population of country A in millions of people. Country B has a population of ?(?) = 20(1.2) ? where t is the number of years after 2000 and ?(?) is the population of country B in millions of people. (a) Graph both functions on the same axis for the years 2000 through 2010. (b) What was the population of each country in 2000? (c) Write complete sentences to describe exactly how the population of each country is changing. (d) Graphically find A(2) and B(2). Then write a sentence that interprets the real world meaning of what you have found. (e) Graphically solve A(t)=60 and B(t)=60. Then write a sentence that interprets the real world meaning of what you have found. (f) Graphically solve A(t)=B(t). Then write a sentence that interprets the real world meaning of what you have found.

Two thousand randomly selected adults were asked if they are in favor of or against cloning. The following table gives the responses.

                                              In Favor                             Against                           No Opinion

Male                                         395                                    405                                   92

Female                                     300                                    680                                    128

A.If one person is selected at random from these 2000 adults, find the probability that is person is in favor of cloning.

B.If one person is selected at random from these 2000 adults, find the probability that is person is against cloning

C.If one person is selected at random from these 2000 adults, find the probability that is person is a female or against cloning

D.If one person is selected at random from these 2000 adults, find the probability that is person is in favor of cloning given that the person is a female.

Multiple Choice Answer list:

The following data give the average price received by fishermen for several species of fish in 2000 and 2010. The price is in cents per pound.

1. Create a regression equation for the data.
   
   ˆy=y^=    Round to 2 decimal places.
   
2. What is the correlation coefficient between the 2000 and 2010 prices.
   
   Round to 2 decimal places.
   
3. If a type of fish was 41.3 cents per pound in 2000, how much would you expect to pay for it in 2010?
   
   ¢/lbs Round to 1 decimal places.

The life expectancy for females in a certain country born during 1980−1985 was approximately 75.2 years. This grew to 76 years during 1985−1990 and to 76.2 years during 1990−1995. Construct a model for this data by finding a quadratic equation whose graph passes through the points ​(0,75.2​),​(5​,76​),and ​(10​,76.2​). Use this model to estimate the life expectancy for females born between 1995 and 2000 and for those born between 2000 and 2005.

Let x be the number of years since 1980 and y be the life expectancy for a person born between ​(1980+​x) and

​(1980+x+​5). Find a quadratic equation whose graph passes through the points ​(0,75.2​), ​(5​,76​), and ​(10​,76.2​).

Y=?

According to the model, the life expectancy of a female born between 1995 and 2000 in this country is ___?_ years.

According to the model, the life expectancy of a female born between 2000 and 2005 in this country is __?__ years.

The following data give the average price received by fishermen for several species of fish in 2000 and 2010. The price is in cents per pound.

1. Create a regression equation for the data.
   
   ˆy= (Round to 2 decimal places)
   
2. What is the correlation coefficient between the 2000 and 2010 prices?
   
   _____(Round to 2 decimal places.)
   
3. If a type of fish was 41.3 cents per pound in 2000, how much would you expect to pay for it in 2010?
   
   _____¢ per lbs (Round to 1 decimal places.)

1. If the number of discouraged workers decreases because many of them start to look for work, everything else remaining the same, then the

Select one:

a. labour force participation rate will decrease.

b. non labor force will increase.

c. employment rate will decrease.

d. the labor market population will increase.

e. none of the above.

2.  

Initially, you earn $10 income per hour, and the price level is 100. Your income now increases to $20 per hour and the price level increases to 175. What happens to your purchasing power?

Select one:

a. It doubles in value

b. It increases in value by less than double

c. It increases in value by more than double

3.  

Suppose a trade union and a firm agree to increase the wage rate by the same percentage as the increase in the Consumer Price Index. If the CPI increases by 5 percent, then the real income of workers will

Select one:

a. decrease by 5 percent, accounting for bias in the calculation of the CPI.

b. increase by 5 percent as well.

c. increase by more than 5 percent, accounting for bias in the calculation of the CPI.

d. increase by less than 5 percent, accounting for bias in the calculation of the CPI.

e. remain unchanged, accounting for bias in the calculation of the CPI.

4.  

Refer to the table below, which shows price data for a hypothetical economy, between which two years did the price level increase the most?

Select one:

a. 2000 and 2001

b. 2001 and 2002

c. 2002 and 2003

d. 2003 and 2004

e. 2004 and 2005

Model constructing an income statement and balance sheet for a furniture company based on the following transaction details. Please clearly show which transactions fall under the following parts of the statement:

Sales

Cost of Sales

SG&A Expenses

Interest Income

Income Expense

Loss on Sale of Non-Current Asset

Transactions

1. Buy wood to build bookshelves- $500
2. A recently hired team member builds the bookshelves and should be paid - $25
3. Paid electricity bill for shop where bookshelves are made - $100
4. Paid team member who built the bookshelves - $25
5. Sold moving truck - $2500 (cash) (depreciation charge to date is $500; truck had an accumulated depreciation of $1000 at the time of sale)
6. Sold 2 bookshelves for $200 each (the total cost to make the bookshelves was $75 each)
7. Completed a subscription service from prior year - $4000
8. A count of manufacturing inventory shows $200 of raw materials on hand, $100 of work in process and completed making $300 worth of bookshelves
9. File cabinets depreciated - $75
10. Paid interest on a bank loan - $1000
11. Recorded the portion of the prepaid workshop insurance from the previous year - $50
12. Collected interest income - $20

Opening Balances

1. Cash - $2000
2. Inventory stock - $1000
3. Materials - $0
4. Work in Process - $0
5. Finished Goods - $0
6. Total Inventory -
7. Accounts Receivable - $5000
8. PP&E - $4000
9. Prepayments - $1000
10. Accrued Income - $10
11. Accounts Payable - $2000
12. Tax Payable - $0
13. Dividend Payable - $0
14. Accrued Liabilities $300
15. Bank Loan - $25000
16. Share Capital - $10000
17. Retained Earnings - $12,000

Part 1: Accounts Receivables and Allowance Method

Orion Co. is a large wholesaler of blankets. At the end of 2017, the company’s controller estimates 5% of the $850,000 in Accounts Receivable will be uncollectible.

Write the journal entry to record Bad Debt Expense for the period if the Allowance for Doubtful Accounts has a credit balance of $10,200 before this adjusting entry is posted:

How does the posting of this journal entry affect the accounting equation?

What is the Net Realizable Value of Accounts Receivable reported in Orion Co.’s balance sheet as of Dec. 31, 2017?

(Continuation of question 1). Assume that during 2017, a total of $14,900 Accounts Receivable has to be written off due to customers’ inability to pay what they owe Orion Co.  

What journal entry would be used to record this write-off of $14,900?

How does the posting of this journal entry affect the accounting equation?

What is the Allowance for Doubtful Accounts balance after this write off? (Your answer should indicate the amount and whether it is a Debit or Credit balance. Hint: Use a T-account to determine your answer.)

Orion Co. assumes that at the end of 2018, 5% of its new $900,000 Accounts Receivable balance will be uncollectible. Using the Allowance for Doubtful Accounts balance from above (question 2) c.) determine the Bad Debt Expense that would be recorded at the end of 2018 and enter the journal entry below:

New scenario: Assume that on January 23, 2018 Capricornus Co. wrote off $500 due from Ursa Minor Co. due to Ursa Minor Co.’s inability to pay what they owed. What journal entry would Capricornus Co. record for this write off assuming Capricornus Co uses the allowance method?

(Continuation of question 3). Now assume that on February 10, 2018 Ursa Minor Co. pays the amount previously written off by Capricornus Co. What two journal entries must Capricornus Co. record related to this collection of a previously written off Accounts Receivable?

Part 2: Notes Receivable

On August 1, 2017, Aquila Inc. lends $64,000 to Big Dipper Co. for 6 months. What journal entry does Aquila Inc. record for this transaction?

(Continuation of question 5). The Note Receivable is established with a 3% annual interest rate, and the terms of the note states that the principal and interest will be due and paid on February 1, 2018. What adjusting journal entry is needed to accrue interest revenue earned for 2017 before Big Dipper Co. prepares financial statements on December 31, 2017?

(Continuation of question 5 & 6). On February 1, 2018, Big Dipper Co. pays all principal and interest owed to Aquila Inc. Write the journal entry (from the viewpoint of Aquila Co.) to record the collection.

Part 3: PP&E Transactions

Lyra Inc. buys equipment on October 1, 2017 for $150,000 cash. They estimate the equipment will have a salvage value of $25,000 and a useful life of 10 years.

a. Write the journal entry to record depreciation for 2017.

Record the journal entry to record depreciation expense for the second year.

What is the book value of this equipment on the December 31, 2018 Balance Sheet?

Puppis Industries purchased equipment on July 1, 2017 for $140,000. The equipment is estimated to have a $15,000 salvage value at the end of its 5-year life. The company uses straight-line method of depreciation. What is the balance in accumulated depreciation at 12/31/20?

On March 1, 2017, Crux Industries sells machinery for $55,000. The machinery originally cost $123,000 and had an estimated 8-year life with an expected salvage value of $21,000. The Accumulated Depreciation account had a balance of $85,876 on December 31, 2016.

What is the gain or loss on the date of the sale? (Hint: Don’t forget to update depreciation through the date of sale first!)

What is the journal entry to record this sale?

Describe the action(s) you would take if you were part of a project team tasked to define requirements and identify system improvements to upgrade or update an existing clinical system. Be sure to include in the discussion general information about the organization and your role on the project team.