1. Explain the normal business process in the acquisition and payment cycle. As part of your explanation, state which documents firms would normally use to record activities in that cycle. 2. Describe the control procedures that firms commonly use for acquisition and payment activities. Explain which controls and tests of controls would be appropriate for each of the specific controls that you mentioned. 3. Describe common substantive analytical procedures that would be used for account balances related to the acquisition and payment activities. 4. Describe common substantive tests of transactions and account details that would be used for the acquisition and payments cycle balances.

1. What is a warrant statement? (use your own word).
2. What does it mean to interpret? (use your own word).
3. What is classification? Why is classification important? (use your own word).
4. What is analysis? What is an analytic essay? (use your own word).
5. Thanks

3. Suppose you are thinking of investing $100,000 in stock indexes. You are currently considering investing either in the financial sector or the technolgy sector but the returns will depend on the state of the economy. The following table summarizes the estimated net profts that would be realized during the next two years for each of the two investment alternatives you are considering.

1. What decision would maximize expected profit for you? Show the necessary steps.
2. What is the maximum amount you should be willing to pay for a perfect forecast of the state of the economy? Show the necessary steps.                    

1. Since perfect forecast of the state of the economy is impossible suppose you are considering hiring a financial analyst to help you forecast the state of the economy for the next two years. In the past the analyst accurately predicted a good economy 92% of the time. The analyst also has a history of incorrectly predicting a poor economy 20% of the time. She charges $10,000 for the forecasting service. Please calculate the expected value of survey information (EVSI) for the financial analyst you are considering hiring and briefly explain what your result means. Given your results will you hire the financial analyst? Please justify your answer and show all the necessary steps. Also calculate the efficiency of the financial analyst and explain what it means.                                                                                 

In lab you are going to be using drosophila flies with sepia mutations (SE, se) causing brown eyes found on chromosome 3 and apterous mutation (AP, ap) on chromosome 2 causing loss of wings. These are recessive mutations. Red eye is the wild-type phenotype. Assuming you have a female heterozygous at both loci. Draw the chromosomes as they go through meiosis (Make sure you show somatic cell, prophase I, metaphase I, metaphase II, gametes.) Draw all possible gametes. What percentage of each phenotype do you expect? What are all the possible phenotypes and genotypes would you expect? This female mates with a male that is also heterozygous at both loci and they have 1000 progeny.

1. What are all possible phenotypes you could recover?

A. Red eyes and wings OR Red eyes and no wings

B. Red eyes and wings OR Brown eyes and no wings

C. Red eyes and wings OR Brown eyes and wings

D. Red eyes and wings OR Brown eyes and wings OR Red eyes and no wings

E. Red eyes and wings OR Brown eyes and wings OR Red eyes and no wings OR Brown eyes AND no wings

2. What combination of phenotypes is displayed the most?

A. Red eyes and wings

B. Red eyes and no wings

C. Brown eyes and wings

D. Brown eyes and no wings

3. Out of 1000 progeny how many animals would have the most common combination of phenotypes?

Numeric Answer:

4. What combination of phenotypes is displayed the least?

A. Red eyes and wings

B. Red eyes and no wings

C. Brown eyes and wings

D. Brown eyes and no wings

5. Out of 1000 progeny how many animals would have the least common combination of phenotypes?

Numeric Answer:

6. What is the least probable genotype?

A. SE/se; AP/ap

B. se/se; ap/ap

C. SE/SE; AP/AP

D. SE/se; AP/AP

E. SE/se; ap/ap

7. What is the second least probable genotype?

A. SE/se; AP/ap

B. se/se; ap/ap

C. SE/SE; AP/AP

D. SE/se; AP/AP

E. SE/se; ap/ap

8. What percent of progeny will have the most common genotype?

A. 6.25

B. 12.5

C. 18.75

D. 25

E. None of the Above

9. You find a Red eye fly with wings. What is the probability this fly is homozygous SE/SE?

Word Answer:

10. You find a Red eye fly with wings. What animal could you cross this animal to, in order determine if its homozygous or heterozygous at the SE locus.

A. A Red eyed fly with wings

B. A Red eye fly with or without wings

C. A heterozygous Red eye fly with or without wings

D. A homozygous Red eye fly with or without wings

E. A brown eye fly with or without wings

11. What is the probability that this fly in male?

Word Answer:

A beam of white light is incident on the surface of a diamond at an angle ?a.(Figure 1) Since the index of refraction depends on the light's wavelength, the different colors that comprise white light will spread out as they pass through the diamond. The indices of refraction in diamond are nred=2.410 for red light and nblue=2.450 for blue light. The surrounding air has nair=1.000. Note that the angles in the figure are not to scale.

Part A

Calculate vred, the speed of red light in the diamond. To four significant figures, c=2.998×108m/s.

Express your answer in meters per second to four significant digits.

Part B

Calculate vblue, the speed of blue light in the diamond. To four significant figures, c=2.998×108m/s.

Express your answer in meters per second to four significant digit

Part C

Derive a formula for ?, the angle between the red and blue refracted rays in the diamond.

Express the angle in terms of nred, nblue, and ?a. Use nair=1. Remember that the proper way to enter the inverse sine of x in this case is asin(x)

Let’s say the average per capita annual health care cost for mid-size US-based corporations is $5,886. An organization competing for business has funded several health maintenance organizations (HMOs). A sample of their average annual costs per person is as follows:

$5591 4451 5546 4494 4437 5561 5527 5523 6602 4481

The hypothesis is that HMOs are an improvement. Are they?

a) State the appropriate null hypothesis and alternative hypothesis. (Should it be one- or two-tailed?)

b) Calculate the mean, standard error, and t-statistic.

c) If you want to be 95% confident in you decision, what rejection region should you use? Explain how you obtain your answer.

d) What is the p-value associated with the test statistic? How do you interpret this? Explain how you obtain your answer.

In Drosophila, red eyes (E) are dominant over white (e) and normal wings (W) are dominant over shriveled wings (w). Use the addition and multiplication rules to calculate the phenotypic ratios of the cross of Eeww and EeWw.

1. Cross of Ee x Ee:

2. Cross of ww x Ww:

3. Red eyes and normal wings:

4. Red eyes and shriveled wings:

5. White eyes and normal wings:

6. White eyes and shriveled wings:

In the current unit, you learned the variation in the types of cells found in xylem and the structural difference in various types of xylem. If you were given a piece of wood, what characteristics would you use to decide whether the wood is from a woody dicotyledon or from a conifer? Explain.

State the characteristics and explain why those characteristics distinguish between woody dicotyledons and conifers.

A researcher conducts a study to investigate any effect that watching the news has on one’s level of optimism. One group of participants are randomly assigned to watch a 60-minute recording of a local news episode and another group of participants are randomly assigned to watch a 60-minute biopic covering the life of a famous news anchor. The 11 people in the biopic condition averaged an optimism level of 72 (SD = 11) and the 16 people in the news condition averaged an optimism level of 61 (SD = 18).

1. Create a 99% confidence interval to estimate the difference in optimism when comparing those who participate in the local news condition versus those who participate in the biopic condition. Be sure to properly report your confidence interval in brackets. Also, be sure to show calculations properly per the instructions for credit.

2.. Using the confidence interval ONLY, was there a significant difference in optimism per what participants watched? Yes or No. Must explain/justify your answer for credit.

3. If you were to do a hypothesis test (using an alpha of .05), state the critical value you would use for the test. Also, briefly state how you arrived at that critical value.

4. Use the correct statistical analysis to compute the calculated test value. Be sure to show calculations properly per the instructions for credit.

5. Using the hypothesis test ONLY, was there a significant difference in optimism per what participants watched? Yes or No. Must explain/justify your answer for credit.

6. Regardless of your answer to the previous question, compute an effect size for this study. Be sure to show calculations properly per the instructions for credit.

7. Is that effect size considered small, medium, or large? Explain/justify your answer.

I know this is a lot, but I think just knowing what kind of a test I will need to do and knowing what the critical value would be is important as well.