1. The following An accounting form that is used to record the increases and decreases in each financial statement item.accounts appeared in recent financial statements of Delta Air Lines. Identify each account as either a balance sheet account or an income statement account. For each balance sheet account, identify it as an The resources owned by a business.asset, a The rights of creditors that represent debts of the business.liability, or The owner's right to the assets of the business.stockholders' equity. For each income statement account, identify it as a Increases in owner's equity as a result of selling services or products to customers.revenue or an Assets used up or services consumed in the process of generating revenues.expense.

   Item	Financial Statement	Type of Account
   Accounts Payable	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Advanced Payments for Equipment	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Air Traffic Liability	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Aircraft Fuel (Expense)	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Aircraft Maintenance (Expense)	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Aircraft Rent (Expense)	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Cargo Revenue	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Cash	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Contract Carrier Arrangements (Expense)	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Flight Equipment	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Frequent Flyer (Obligations)	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Fuel Inventory	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Landing Fees (Expense)	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Parts and Supplies Inventories	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Passenger Commissions (Expense)	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Passenger Revenue	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Prepaid Expenses	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue Expense
   Taxes Payable	Balance Sheet Income Statement	Asset Liability Stockholders' equity Revenue

1. Revenue is usually recognized for accounting purposes when a performance obligation is satisfied. In some situation, revenue is recognized over time as the fair value of assets and liabilities. In other situation, however, accountants have developed guidelines for recognizing revenue at the point of sale.

a. Explain and justify, why revenue is often recognized at time of sale.

b. Explain in what situations it would be appropiate to recognize revenue over time.

Refer to the revenue recognition practices of Qwest Communications outlined in Theory
in Practice 1.1.
Required
a. Use the concept of relevance to argue that firms should record revenue as earned
as early as possible in their operating cycles. Was Qwest’s revenue recognition policy
relevant? Explain.
b. Use the concept of reliability to argue that firms should wait until the significant
risks and rewards of ownership are transferred to the buyer, and there is reasonable
assurance of collection, before recording revenue. Was Qwest’s revenue recognition
policy reliable? Explain.
c. When is revenue recognized under ideal conditions? Why?

20a) What is meant by an accelerated depreciation method? What is the tax advantage of an accelerated depreciation method?

20b) The hallways and ceiling in a building are repainted. Is this a revenue expenditure or a capital expenditure? Type in 1 for revenue expenditure or type in 2 for a capital expenditure.

20c) The glass in two broken windows of a building are replaced. Is this a revenue expenditure or a capital expenditure? Type in 1 for revenue expenditure or type in 2 for a capital expenditure.

20d) A new wing is added to a building. Is this a revenue expenditure or a capital expenditure? Type in 1 for revenue expenditure or type in 2 for a capital expenditure.

1. An increase in revenue always:
   1. increases stockholders' equity.
   2. increases assets.
   3. decreases stockholders' equity.
   4. decreases assets.

2. Which of the following journal entries would decrease stockholders' equity?
   1. Debit Prepaid Insurance and credit Cash.
   2. Debit Deferred Revenue and credit Service Revenue.
   3. Debit Supplies and credit Accounts Payable.
   4. Debit Insurance Expense and credit Cash.

3. In April, the Surf and Sand Hotel books and accepts a cash payment for $25,600 for vacation services to be provided during in July. The journal entry recorded in April will include a debit to:
   1. Cash and a credit to Deferred Revenue.
   2. Accounts Payable and a credit to Service Revenue.
   3. Accounts Receivable and a credit to Service Revenue.
   4. Prepaid Expenses and a credit to Service Revenue.

5. Answer the following on marginal revenue.

a. Suppose a firm operates in a perfectly competitive market where the market price is $100. What is the marginal revenue for selling an additional unit for this firm? Please explain how the marginal revenue compares to price.

b. Suppose a firm operates in monopolistically competitive market where it sells 5 units at a price of $30 per unit. If it lowers its price to$29, it sells 6 units. What is the marginal revenue of selling the sixth unit? Please explain how the marginal revenue compares to price.

c. Explain how the marginal revenue curve for a perfectly competitive firm differs from the marginal revenue curve for a monopolistically competitive firm.

Walmart’s 2020 annual report said the following about its gift card sales: “Customer purchases of gift cards are not recognized as sales until the card is redeemed and the customer purchases merchandise using the gift card.” When a customer redeems a previously purchased gift card, what impact does this transaction have on Walmart's financial statements?

A. Deferred gift card revenue decreases and cash decreases

B. Deferred gift card revenue increases and revenue decreases

C. Deferred gift card revenue decreases and revenue increases

D. Deferred gift card revenue decreases and cash decreases

E. Deferred gift card revenue increases and cash increases

A company has the capacity to generate a revenue of $3,000,000 a year. The break even revenue is $2,000,000 a year. From the breakeven point every $100 extra revenue generates $40 extra profit and every $100 decrease in revenue results in $40 extra loss. The costs consist of fixed cost , variable costs which are linear related to the revenue. 1-calculate the fix cost 2-calcualte the variable cost at revenue of $1,500,000 a year. The company decides to purchase another machine, which results in an increase of capacity to 4,000,000 a year. The fixed cost of this expansion is 200,000 a year, and the variable costs are 40$ for 100% revenue. The normal revenues is 4,000,000 a year, and the actual revenues is also $4,000,000. 3- calculate the breakeven point after the expansion. 4- calculate the full cost per dollar revenue after the expansion

Define the following terms

Caponization

Ovulation

Egg sequence

Clutch

First in sequence and terminal laid in sequence eggs

a) List 3 characteristics that can different broiler breeders from normal layers

b) Indicate 5 problems associated with broiler breeder reproduction as result of poor
management

c) Suggest 2 management practices to reduce reproductive failure in broiler breeders

a) Draw a normal poultry sperm and label parts appropriately. Indicate clearly the tail,
mitochondria, nucleus and acrosome regions

b) Briefly describe the concept behind the sperm penetration assay in chickens or method of assessing the viability of poultry sperms as described by Bramwell, 1998. Sperm Penetration in Broiler Breeder Strains

a) State 5 advantages and 5 disadvantages of artificial insemination ()
Advantages

Disadvantages

b) During incubation chicken embryonic development can be split into 3 periods. Clearly
indicate the time lapse or periods of early, mid and later periods of incubation. You may
use diagram .

kindly answer them

Feminized faces in TV commercials. Television commercials most often employ females or “feminized” males to pitch a company’s product. Research published in Nature (August 27 1998) revealed that people are, in fact, more attracted to “feminized” faces, regardless of gender. In one experiment, 50 human subjects viewed both a Japanese female face and a Caucasian male face on a computer. Using special computer graphics, each subject could morph the faces (by making them more feminine or more masculine) until they attained the “most attractive” face. The level of feminization x (measured as a percentage) was measured.

a. For the Japanese female face, x = 10.2% and s = 31.3%. The researchers used this sample information to test the null hypothesis of a mean level of feminization equal to 0%. Verify that the test statistic is equal to 2.3.

b. Refer to part a. The researchers reported the p-value of the test as p = .021. Verify and interpret this result.

(I dont understand part b)