1) What is a necessary that might make it impossible for a minor to void a contract?  Give three examples.

2) What is the difference between unilateral mistake of fact and mutual mistake of fact?  How does each affect a contract?

Write a function that takes three integers, n, a and b and a filename and writes to the file a list with n random integers between a and b. And then write a function that can read the files as generated above and return the values.

language: python

22-explain what the gravity model of trade predict are the major predictors of trade flows between countries. discuss how this model helps to explain trade flows using three of its leading trade partners as examples.

53.

Blaser Corporation had $1,035,000 in invested assets, sales of $1,266,000, operating income amounting to $203,000 , and a desired minimum return on investment of 14%. The return on investment for Blaser Corporation is

Round the percentage to one decimal place.

a.19.6%

b.23.5%

c.12.8%

d.16.0%

52.

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The operating income of the Super Division after all support department allocations will be

a.$325,000

b.$550,000

c.$200,000

d.$300,000

51.

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The support department cost that will be allocated to the Super Division is

a.$100,000

b.$550,000

c.$350,000

d.$125,000

50.

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The support department cost that will be allocated to the Macro Division is

a.$130,000

b.$175,000

c.$305,000

d.$405,000

49.

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The support department allocation rate for the Personnel Department is

a.$3,200

b.$3,077

c.$2,758

d.$1,000

48.

ABC Corporation has three support departments with the following costs and cost drivers:

ABC has three operating divisions, Micro, Macro, and Super. Their revenue, cost, and activity information are as follows:

The support department allocation rate for Graphics Production is

a.$6.66

b.$2.00

c.$0.50

d.$10.00

47.

Which of the following is a measure of a manager's performance working in a profit center?

a.the divisional income statements

b.a balance sheet

c.a budget performance report

d.the return on investment and residual income measures

46.

Responsibility accounting reports for profit centers will include

a.costs only

b.revenues, expenses, and operating income or loss

c.expenses and fixed assets

d.revenues only

45.

The following data are taken from the management accounting reports of Dulcimer Co.:

If an incentive bonus is paid to the manager who achieved the highest operating income before support department allocations, it follows that

a.Division B's manager is given the bonus

b.Divisions B and C's managers divide the bonus

c.Division A's manager is given the bonus

d.Division C's manager is given the bonus

44.

Operating income for Division L is $250,000, total support department allocations are $400,000, and operating expenses are $2,750,000. The revenues for Division L are

a.$3,000,000

b.$3,400,000

c.$2,750,000

d.$650,000

P2-2   (you can complete using journal entry or T-account format)

Darlene Cook Company engaged in the following transactions during the month of

July:

July 1 Acquired land for $10,000. The company paid cash.

8. Billed customers for $3,000. This represents an increase in revenue. The customer has

been billed and will pay at a later date. An asset, accounts receivable, has been created.

12. Incurred a repair expense for repairs of $600. Darlene Cook Company agreed to pay in 60 days. This transaction involves an increase in accounts payable and repair expense.

15. Received a check for $500 from a customer who was previously billed. This is a reduction in accounts receivable.

20. Paid $300 for supplies. This was previously established as a liability, account payable. Paid wages in the amount 24. of $400. This was for work performed during July.

Required Record the transactions, using T-accounts.

P2-3    (you can complete using journal entry or T-account format)

Gaffney Company had these adjusting entry situations at the end of December.

1. On July 1, Gaffney Company paid $1,200 for a one-year insurance policy. The policy was for the period July 1 through June 30. The transaction was recorded as prepaid insurance and a reduction in cash.

2. On September 10, Gaffney Company purchased $500 of supplies for cash. The purchase was recorded as supplies. On December 31, it was determined that various supplies had been consumed in operations and that supplies costing $200 remained on hand.

3. Gaffney Company received $1,000 on December 1 for services to be performed in the following year. This was recorded on December 1 as an increase in cash and as revenue. As of December 31, this needs to be recognized as Unearned Revenue, a liability account.

4. As of December 31, interest charges of $200 have been incurred because of borrowed funds. Payment will not be made until February. A liability for the interest needs to be recognized, as does the interest expense.

5. As of December 31, a $500 liability for salaries needs to be recognized.

6. As of December 31, Gaffney Company had provided services in the amount of $400 for

Jones Company. An asset, Accounts Receivable, needs to be recognized along with the revenue.

Required Record the adjusting entries at December 31, using T-accounts.

Use SPSS for this Application Exercise:
School psychologists hypothesize that more negative externalizing behaviors are related to more anxiety (e.g., causing fights). The table below contains the response from a sample of middle school students. What can the psychologist conclude with an α of 0.05?

a) What is the appropriate statistic?
---Select--- na Correlation Slope Chi-Square
Compute the statistic selected in a):  

b) Input the appropriate value(s) to make a decision about H₀.
(Hint: Make sure to write down the null and alternative hypotheses to help solve the problem.)
p-value =  ; Decision:  ---Select--- Reject H0 Fail to reject H0

c) Using the SPSS results, compute the corresponding effect size(s) and indicate magnitude(s).
If not appropriate, input and/or select "na" below.
effect size =  ;    ---Select--- na trivial effect small effect medium effect large effect

d) Make an interpretation based on the results.

There is a significant positive relationship between negative externalizing behaviors and anxiety.

There is a significant negative relationship between negative externalizing behaviors and anxiety.     

There is no significant relationship between negative externalizing behaviors and anxiety.

1. You work for the Colorado Chapter of the Mutual UFO Network (MUFON) that is responsible for compiling all UFO sightings in the US. You are interested in whether there is a difference between rural and urban people in the mean number of UFOs they have ever seen. You randomly sample 200 urban and 150 rural Coloradoans and ask how many UFOs they’ve seen. Of the urbanites, the mean number of UFOs is 1.3 UFOs with a standard deviation of .4. Of the rural folks, the mean number of UFOs is 1.5 UFOs with a standard deviation of .6.

Do a two-sample hypothesis test (alpha=.05) to determine whether you can claim that there is a difference urban and rural Coloradoans in the mean number of UFOs ever seen. You must show all steps and all calculations.

2. You are interested in studying the relationship between believing in aliens and believing in God. You randomly sample 400 Coloradoans and ask them whether they believe in aliens and whether they believe in God. Of the 290 people who believe in God, 83 said they believed in aliens. Of the 110 people who do not believe in God, 27 said they believe in aliens.

Do a two-sample hypothesis test (alpha=.05) to determine whether there’s a difference between those who believe in God and those who don’t in the percent who believe in aliens. Show all steps of the hypothesis test and all calculations.

While attempting to measure its risk exposure for the upcoming year, an insurance company notices a trend between the age of a customer and the number of claims per year. It appears that the number of claims keep going up as customers age. After performing a regression, they find that the relationship is (claims per year) = 0.245*(age) + 8.873. If a customer is 45 years old, how many claims would you expect them to make in a given year?

Question 7 options:

You manage a farm that is looking to sell oranges in both California and Oregon. The demand for oranges in California is given by PCA = 25 - 0.5QCA and the demand for oranges in Oregon is POR = 19 - 0.3QOR. The total cost of selling oranges is TC = 10 + Q and the marginal cost is constant at MC = $1. If you cannot differentiate between customers in California and Oregon, and you are forced to charge the price that is optimal in California in both Oregon and California, how much profit will you lose compared to the profit you made in (2)? (Write answer without the negative sign nor the dollar sign.)

I tried $40 and it was incorrect