Each Friday evening in August 2011, each episode of Family Guy was typically watched by 1.3 million viewers, while each episode of American Dad was typically watched by 0.9 million viewers.† Your marketing services firm has been hired to promote Gauss Jordan Sneakers by buying at least 20 commercial spots during episodes of Family Guy and American Dad. You have been quoted a price of $2,000 per spot for Family Guy and $3,000 per spot for American Dad. Gauss Jordan Inc.'s advertising budget for TV commercials is $50,000, and it would like at least 75% of the total number of spots to appear on Family Guy. How many spots should you purchase on each show to maximize exposure? Hint [Calculate exposure as Number of ads × Number of viewers.]

Question 1 0 / 1 pts Which statement below best defines social darwinism? It based on the idea that there are groups in society that are more evolved than other. The British and the United States used it in order to justify the conquering and subjugation of people all over the world. It is Darwin's theory of evolution where it explains that certain species die off while others survive overtime. It is the theory that says that we are the creation of God(s) and that we are made in his image to this day. It is a theory that expands on Charles Darwin's theory by adding the important of social factors to the evolution of the species in the natural world. It is a theory that proposes the elimiation of certain populations in order to ensure the reproduction of the white race. IncorrectQuestion 2 0 / 1 pts Choose the best defintion for Assimilation. it is a process of how natives adapt to the lives of newly arrived foreigners and learn their customs and tradition and integrate them into their own. It is a process where races are recycled in order to the re-identified according the rules of the government. Is a process in which foreigners learn and adapt to a native's culture while they are letting go of their home country culture. It is a process that determines your racial status in Latin America It is the process that explains the way that people in the United States become Americans Question 3 1 / 1 pts True or false. Robert Park's race relations cycle theory states that foreigners go through a series of steps in order to fully assimilate. They are: Contact, Conflict, Competition, Accommodation, Assimilation. True False IncorrectQuestion 4 0 / 1 pts What is one of the ways that foreigners are viewed by natives throughout the history of the United States? Foreigners are seen as a threat to society because they bring with their their backward culture and traditions, their diseases and social problems. All of the above Foreigners need to go to other countries None of the above Foreigners are seen as a positive force in society who make great contributions in all aspects of social, politica and economic life. IncorrectQuestion 5 0 / 1 pts What have been the two attitudes that have revealed themselves in the public debate about immigration to the United States? contempt and welcoming mistrusts and openness Open generosity vs. nativism and racism closed and approachable IncorrectQuestion 6 0 / 1 pts From the article This Land is Our Land. What was the view of Native Americans who had assimilated during the colonial era in the U.S.? As a people that would become good citizens and excellent enterpreneus As a people who would be able to prosper and succeed in America As a potentially subversive and dangerous force As a people worthy of trust and respect Question 7 1 / 1 pts From the article This Land is Our Land What was the name of the first Immigration Law aimed at excluding a particular population from entering and becoming citizens of the U.S.? The Chinese Exclusion Act of 1882 The Mexican Immigrant Exclusion Act of 1910 The English Exlusion Act of 1882 The German and Irish Exclusion law of 1998 IncorrectQuestion 8 0 / 1 pts In This land is our Land On May 26, 1924, The United States created a permanent limit on immigration by establishing a nationality origins quota system. What immigrant groups did they intend to keep from entering the U.S.? British, Greek, Italian Mexican, Chienese, Filipino Irish, French and German Jews, Slavs and Italians Question 9 1 / 1 pts From Film Race the Power of an Illusion. Is the following statement true or false "Physical Differences don't make race. What makes race are the laws and practices that affect life chances and opportunities based on those differences." True False IncorrectQuestion 10 0 / 1 pts In the Film Race the Power of an Illusion Who were Slavs, Jews and Italian immigrants seen by White American society? promiscuous, lazy, stupic hard workers, quiet, intelligent boisterous, loud and drunkards industrious, entrepreneurial, frugal Question 11 1 / 1 pts In the film Race the Power of an Illusion, is the following statement true or false about Southeastern European Immigrants in the early 20th Century. Eugenicist Charles Davenport wrote: The population of the United States will on account of the great influx of blood from Southeastern Europe, rapidly become darker in pigment smaller in stature, more given to crimes of larceny, kidnapping, assault, murder, rape, sexual immorality. And the ration of the insanity of the population will rapidly increase." True False IncorrectQuestion 12 0 / 1 pts In the film Race the Power of an Illusion How were southern and Eastern Europeans and Jew seen racially. They were seen as belonging to the African and Chinese races They were seen as people who can never reach whiteness They were seen as part of the of the white race They were seen as an "in between group" between the Anglo Saxon and African Americans. Not fully White Question 13 1 / 1 pts In the Film Race the Power of an Illusion. Is the following statement true or false. "Whiteness was not simply a matter of skin color. To be white was to gain the full rewards of American citizenship." True False

(TCO B) The following information pertains to Fox Inc.’s portfolio of marketable securities for the Year ended Dec 31, Year 1 and Dec 31, Year 2.

Note 1: Fox Inc. uses US GAAP
Note 2: Fox Inc. uses valuation accounts to record changes in the fair value of its marketable securities
Note 3: The Martin Co. security was purchase at par value
Note 4: The decline in the value of Martin Co. is considered to be other than temporary

Requirement:
Record the journal entries for the following marketable securities transactions based on the information given in the table.

• (1) Mark to market journal entry for the Smith Co security at 12/31 Year 1
• (2) Mark to market journal entry for the Williams Co security at 12/31 Year 1
• (3) Mark to market journal entry for the Smith Co security at 12/31 Year 2
• (4) Mark to market journal entry for the Williams Co security at 12/31 Year 2
• (5) Journal entry to record purchase of Martin Co. Investment
• (6) Journal entry to record the impairment of Martin Co. Investment

1. On January 1, the Rhode Island Redbirds organization purchased new
workout equipment for its athletes. The equipment had a cost of $15,600,
transportation costs of $450, and set up costs of $290. The Redbirds spent
$350 training their trainers and athletes on its proper use. The useful life of
the equipment is five years and has no residual value. How much

depreciation expense should the Redbirds take in the first year, if straight-
line is being used?

a. $3,120
b. $3,268

c. $3,338
d. $3,210

2. See the information in number 1 above. Assume the Redbirds decide to use
the double-declining balance depreciation method instead. What would
Year 1 depreciation expense be?
a. $6,420
b. $6,676
c. $6,240
d. $6,536

3. Kite Corporation wishes to trade equipment it owns for a vehicle owned by
the Runner Corporation. Kite’s equipment has a book value of $4,000 and a
fair value of $4,500. Runner’s vehicle has a book value and fair value of
$5,100. Kite agrees to pay Runner $600 in cash in addition to giving up the
equipment. What would be Kite’s gain or loss on this exchange?
a. $500
b. $100
c. $1,100
d. $600

4. At the beginning of the year, the Kelvin Company owned equipment that
appeared on its balance sheet as such:
Equipment $7,000,000
Accumulated Depreciation ($2,000,000)
The equipment was purchased two years ago and assigned a useful life of
six years and a salvage value of $1,000,000. During the first month of the
year, Kelvin made modifications to the equipment that increased its
remaining useful life from four years to five years. Its salvage value
remained unchanged. The cost of these modifications was $50,000. What would be the balance in the accumulated depreciation account of this
equipment on 12/31 of that year?

a. $2,760,000
b. $3,000,000
c. $810,000
d. $2,000,000

5. On January 3, 20X1, Jewels Inc. purchases a South American mine found to
be rich in amethyst for $560,000. Once all the amethyst has been removed,
the land is estimated to be worth only $100,000. Experts predict that the
mine contains 4,000 pounds of amethyst. Jewels plans on completing the
extraction process in four years. No amethyst was extracted during 20X1.
What would accumulated depletion be on 12/31/X1?
a. $115,000
b. $115
c. $140
d. $0

6. Maxwell Corporation wishes to sell a building it has owned for five years. It
was purchased for $430,000. Maxwell performed additional modifications
to the building, which totaled $45,000. On the proposed date of sale, the
accumulated depreciation on the building totaled $75,000. The proposed
sales price of the building is $380,000. Maxwell is trying to determine the
income statement effect of this transaction. What would be Maxwell’s gain
or loss on this sale?
a. $20,000 loss
b. $25,000 gain
c. $50,000 loss
d. $95,000 loss

In October 2018, an investor entered a short position in forward on crude oil for delivery in October 2021. At that time, the spot price of crude oil was $70 per barrel and the risk-free rate of interest was 2% per annum. Currently, in October 2020, the spot price of crude oil is $40 per barrel and the risk-free rate of interest is 1% per annum. What is the value of the short position in the forward?

A)30

B)32.78

C)33.59

D)33.93

Assume that Ali Services company bills its clients for jobs completed during the month. On October 31, 2004, Ali Services company billed its clients $450,000 for products sold during October. During November, Ali Services company collected 20 percent of its sales billed on October 31. the cost price this products was $200,000 which is paid 80 percent in cash. What would be recorded by Ali Services company under the cash basis?

In October of fiscal year 2005, Lowe’s also issued $500 million of unsecured notes with a coupon rate of 5.5% and maturing in October 2035. How much did Lowe’s receive in cash from this issuance? Assume the market rate of interest is 5.61%. In April 2006, what will be the amount of Lowe’s cash payment to the investors who hold these notes? What will be Lowe’s interest expense from October 2005 to April 2006 for these notes? In April 2006, what will be the carrying value of these notes?

Part V Part A In September 2017, the budget committee of Fidelity Company assembled the following data: 1. Expected Sales October $400,000 November 420,000 December 450,000 2. Cost of goods sold is expected to be 45% of sales. 3. Purchases for October are $180,900. 4. Desired ending merchandise inventory is 10% of the next month's cost of goods sold. Required: Prepare the budgeted income statement for October through gross profit on sales, including a cost of goods sold schedule

Exercise 3-09

The trial balance for Pioneer Advertising is shown below.

Assume the following adjustment data.

Prepare the adjusting entries for the items above. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)