A Bloomberg Businessweek subscriber study asked, “in the past 12 months, when traveling for business, what type of airline ticket did you purchase most often?” A second question asked if the type of airline ticket purchased most often was for domestic or international travel. Sample data obtained are shown in the following table.

The study wants to test whether the type of ticket is independent of the type of flight. Clearly state the null and alternative hypotheses.

Compute the test statistic.

Please copy your R code and the result and paste them here.

At 5% significance level, compute the critical value for the test statistic and the p value for the test. Draw your conclusion.

Please copy your R code and the result and paste them here.

Use the function chisq.test() in R to run the test directly to confirm your results above are correct.

During the first half of the class, we've covered the sociological imagination in some detail. Also, we've covered some of the most important structural forces at work in each of our lives: race (Week 3); class (Week4); and gender and sexuality (Week 5). In this CAP assignment, I'd like you to think about how biography, social structure, and history have intersected in your life and culminated in the person you are today. Give me a sense of the biographical experiences that make up who you are, perhaps highlighting key individual moments in yours life. Additionally, show how these biographical experiences were nested within a certain social context (i.e. structure) and historical period. Most importantly: write critically and creatively and use your sociological imagination. For some guidance for how this all comes together, see my (informal) illustration in the Week #2 Lecture Notes and note how I analyze biography, social structure, and history.

1. Matured ______________ are the most numerous cells and do not have a nucleus.
   1. erythrocytes
   2. leukocytes
   3. platelets

2. Three types of formed elements found in blood include erythrocytes, leukocytes, and ______________.
   1. WBC
   2. RBC
   3. Platelets

3. ____________ drain tissues and return blood to the heart.
   1. Arteries
   2. Veins
   3. Valves

4. Located in the lower limb, the ____________ is the longest vein in the body.
   1. external iliac
   2. internal iliac
   3. great saphenous

5. The function of the _____________ is to drain the digestive viscera and carry dissolved nutrients to the liver for processing.
   1. fetal circulation
   2. hepatic portal circulation
   3. pulmonary circulation system

6. The __________ veins drain the liver.
   1. renal
   2. hepatic
   3. pulmonary

7. Veins draining the head and upper extremities empty into the ___________ vena cava.
   1. superior
   2. inferior
   3. master

8. The ______________ is the space within the blood vessels that holds the blood.
   1. intima
   2. lumen
   3. external

9. The largest branch of the abdominal aorta, the _____________ artery, supplies most of the small intestine and first half of the large intestine.
   1. superior mesenteric
   2. superior phrenics
   3. mediastinal

10. The _____________ is the largest artery of the body.
    1. aorta
    2. carotid artery
    3. femoral artery

11. What is micturition?

please give me the correct answer

Which of the following statement is incorrect?

1. Most traditional mutual funds allow investors to redeem their share of the fund only at the close of business.

2. Investment banks underwrite security offerings, advise corporations regarding the design and pricing of new securities, buy these securities from the issuing corporation, and resell them to investors.

3. When a firm sells goods and services to public first time and the Federal Reserve issues IPOs for the firm, but an investment bank helps with the IPO to overprice the issues.

4. Most of the answers are correct.

5. The foreign trade balance describes the level of imports relative to exports.

Which of the following statement is incorrect?

1. Most of the answers are correct.

2. The average rate of return required by investors is called the weighted average cost of capital (WACC).

3. A partnership exists whenever two or more persons or entities associate to conduct a noncorporate business for profit.

4. Derivatives are securities whose values depend on the values of some other traded assets.

5. Public markets are where transactions are worked out directly between two parties and these transactions are called private placements.

Which of the following statement is correct?

1. Corporate bonds are riskier than U.S. government debt and the riskiness depends on strength of issuer.

2. Like typical mutual funds, which can have thousands of investors, hedge funds have many small investors and a relatively large number of low-net-worth individuals.

3. U.S. Treasury notes and bonds are issued by the largest U.S. corporations.

4. All the answers are incorrect.

5. The prime rate is the rate that U.K. banks report for loans made to other U.K. banks.

Which of the following statement is correct?

1. If the Federal Reserve Board purchases Treasury securities held by banks, then the increased demand causes Treasury securities’ prices to go up.

2. Some securities are created from packages of other real assets, a process called simulation.

3. All the answers are incorrect.

4. Most traditional mutual funds allow investors to buy and sell their shares during normal trading hours as opposed to ETFs which can be bought and sold after markets are closed.

5. The larger the federal deficit, other things held constant, the lower the level of interest rates.

Which of the following statement is correct?

1. All the answers are incorrect.

2. Capital markets are the markets for debt securities with maturities of less than a year.

3. Investment banks take premiums, invest these funds in stocks, bonds, real estate, and mortgages, and then make payments to beneficiaries.

4. Because these investors are supposed to be sophisticated, hedge funds are much less regulated than mutual funds.

5. The common stocks of a corporation is about a set of rules drawn up by the founders of the corporation and guides corporate managers to follow.

Which of the following statement is incorrect?

1. If the Fed wishes to slow down the economy and reduce inflation, the Fed sells Treasury securities to banks, which reduces banking reserves and causes an increase in short-term interest rates but a decrease in long-term inflationary pressures.

2. Money markets are the markets for corporate stocks and debt maturing more than a year in the future.

3. general partners potentially can lose all of their personal assets in the event of bankruptcy because each general partner is liable for the business’s debts.

4. One of the properties of cash flows that determine a company’s value is about the risk of the cash flows—safer cash flows are worth more than uncertain cash flows.

5. Most of the answers are correct.

Which of the following statement is correct?

1. All the answers are incorrect.

2. The intrinsic value of a firm is obtained using the expected sales and the cost of goods when all relevant information is incorporated.

3. The Federal Deposit Insurance Corporation (FDIC), which is backed by the U.S. government, insures up to $250,000 per depositor.

4. The fundamental value of a firm is obtained using the expected cash reserves and past dividends when all relevant information is incorporated.

5. Investment banks are cooperative associations whose members have a common bond, such as being employees of the same firm or living in the same geographic area.

Which of the following statement is incorrect?

1. If debt matures in more than a year, it is called a capital market security.

2. Commercial banks help companies raise capital through underwriting activities.

3. Some securities are created from packages of other financial assets, a process called securitization.

4. Most of the answers are correct.

5. One of the advantages of a corporation is that it is easy transfers of ownership interests.

Welcome to Desire, Inc! You have just been hired as the managerial account for the newly formed Desire, Inc. Desire will begin operations on October 1st, Year 1 (i.e., they did not exist before this date). Desire is a merchandising company that retails sporting goods. Your job is to prepare a master budget for Desire for the quarter consisting of October, November, and December Year 1. As part of the budgeting process, you will need to complete the following budget schedules for each of the three months of the quarter:

a. Sales Budget

b. Schedule of Cash Receipts

c. Inventory Purchases Budget

d. Schedule of Cash Payments for Inventory Purchases

e. Selling and Administrative Expense Budget

f. Schedule of Cash Payments for Selling and Admin. Expenses

g. Cash Budget

h. Pro-forma Income Statement

i. Pro-forma Balance Sheet

The following budget information and assumptions will help you complete this task

. • Desire anticipates total sales to be $295,000 for October. o 40% of sales made each month are cash sales. The rest of sales are made on account (Accounts Receivable). o Total sales are expected to increase each month by 17%. o Cash from cash sales is collected immediately (in the month of the sale). All cash from sales made on account is collected in the month following the sale. o Desire predicts that total sales in January of Year 2 will be $246,000. • Desire anticipates Cost of Goods Sold for each month to be 72% of total sales for that month. o Desire requires that ending inventory for each month be 20% of the next month’s expected cost of goods sold. o Because Desire is set to begin operations on October 1st, they did not have any beginning inventory at the beginning of October. o Desire makes all their inventory purchases on account. They will pay for 35% of inventory purchases in the month of purchase, and they will pay for the rest (65%) in the month following the purchase. • Selling and Administrative Expenses are as follows: o Total salaries expense is $25,000 each month, and Desire pays this expense in the month it is incurred o Desire has a sales commission expense equal to 3% of total sales for the month. They do not pay their salespeople the commission until the month following when the sales are made. o Supplies expense is 2% of total sales for the month and is paid for in the month of the sale. o Utilities expense is expected to be $2,250 each month. Utilities are not paid until the month after the expense is incurred. o Depreciation on store fixtures (purchase details described later) is on a straight-line basis and will be $8,375 each month. o Rent on the store is $8,500 each month and is paid in the month it is incurred. o Miscellaneous expenses are $1,500 each month and are paid in the month they are incurred. • Extra notes on the cash budget o Because Desire is set to begin operations on October 1st, they had no beginning cash balance at the beginning of October. o On October 1st , Desire, Inc. collected $265,000 and issued stock to the owners. o On October 1st , Desire purchased $450,000 worth of store fixtures (depreciation on the fixtures was described previously). o Desire declared and paid a $32,000 cash dividend to stockholders on December 31st , Year 1. o Desire has a policy that requires each month’s ending cash balance to be at least $22,000. Desire’s bank requires them to borrow and repay money in increments of $1000. When Desire borrows or repays money, they do so on the last day of the month. If Desire borrows money, they will pay back as much possible in the months when they exceed the $22,000 cash balance minimum. o The bank charges Desire interest of 1% per month (non-compounding). Desire pays the interest at the end of each month when interest is incurred.

Romano Services provides room-cleaning arrangements for hotels. On April 1, Swanky Hotels & Resorts signed an agreement to outsource its room cleaning functions to Romano. The contract specifies the service fee to be $45,000 per month, and all payments are to be made shortly after the end of each quarter. It also specifies that Romano will receive an additional quarterly bonus of $6,000, if during that quarter, Swanky receives no more than five complaints from customers about room cleanliness. • On April 1, based on historical experience, Romano estimated that there is a 75% chance that it will earn the quarterly bonus. • On May 5, Romano learned that, during March, there were two complaints from customers related to room cleanliness. Based on this new information, Romano revised its estimate downward to 40% that it would earn the quarterly bonus. • On June 30, Swanky notified Romano that, for the quarter ended, there were four complaints associated with room cleanliness, so Romano would receive the bonus. Two days later, Romano received all payments due for all services rendered in the second quarter, including the bonus Romano estimates any variable consideration on the expected value of the consideration it expects to receive. 23. Prepare the required journal entry for Romano Services on April 30th. The entry includes: a. A debit to accounts receivable of $46,500 b. A debit to bonus receivable of $1,500 c. A credit to service revenue of $51,000 d. A credit to bonus receivable of $3,000 e. A debit to bonus receivable of $4,500 f. A debit to bonus receivable of $6,000 g. A credit to deferred revenue of $93,000 h. None of the above 24. Prepare the required journal entry for Romano Services on May 30th. The entry includes: a. A debit to accounts receivable of $45,800 b. A debit to bonus receivable of $1,500 c. A debit to bonus receivable of $800 d. A credit to service revenue of $15,400 e. A credit to bonus receivable of $100 f. A debit to bonus receivable of $100 g. A credit to deferred revenue of $45,800 h. None of the above 25. Prepare the required journal entry for Romano Services on June 30th. The entry includes: a. A debit to bonus receivable of $4,400 b. A debit to accounts receivable of $46,600 c. A debit to bonus receivable of $800 d. A credit to service revenue of $51,000 e. A credit to bonus receivable of $1,600 f. A debit to bonus receivable of $800 g. A credit to deferred revenue of $138,800 h. None of the above Romano Services provides room-cleaning arrangements for hotels. On April 1, Swanky Hotels & Resorts signed an agreement to outsource its room cleaning functions to Romano. The contract specifies the service fee to be $45,000 per month, and all payments are to be made shortly after the end of each quarter. It also specifies that Romano will receive an additional quarterly bonus of $6,000, if during that quarter, Swanky receives no more than five complaints from customers about room cleanliness. • On April 1, based on historical experience, Romano estimated that there is a 75% chance that it will earn the quarterly bonus. • On May 5, Romano learned that, during March, there were two complaints from customers related to room cleanliness. Based on this new information, Romano revised its estimate downward to 40% that it would earn the quarterly bonus. • On June 30, Swanky notified Romano that, for the quarter ended, there were four complaints associated with room cleanliness, so Romano would receive the bonus. Two days later, Romano received all payments due for all services rendered in the second quarter, including the bonus Romano estimates any variable consideration on the expected value of the consideration it expects to receive. 23. Prepare the required journal entry for Romano Services on April 30th. The entry includes: a. A debit to accounts receivable of $46,500 b. A debit to bonus receivable of $1,500 c. A credit to service revenue of $51,000 d. A credit to bonus receivable of $3,000 e. A debit to bonus receivable of $4,500 f. A debit to bonus receivable of $6,000 g. A credit to deferred revenue of $93,000 h. None of the above 24. Prepare the required journal entry for Romano Services on May 30th. The entry includes: a. A debit to accounts receivable of $45,800 b. A debit to bonus receivable of $1,500 c. A debit to bonus receivable of $800 d. A credit to service revenue of $15,400 e. A credit to bonus receivable of $100 f. A debit to bonus receivable of $100 g. A credit to deferred revenue of $45,800 h. None of the above 25. Prepare the required journal entry for Romano Services on June 30th. The entry includes: a. A debit to bonus receivable of $4,400 b. A debit to accounts receivable of $46,600 c. A debit to bonus receivable of $800 d. A credit to service revenue of $51,000 e. A credit to bonus receivable of $1,600 f. A debit to bonus receivable of $800 g. A credit to deferred revenue of $138,800 h. None of the above Romano Services provides room-cleaning arrangements for hotels. On April 1, Swanky Hotels & Resorts signed an agreement to outsource its room cleaning functions to Romano. The contract specifies the service fee to be $45,000 per month, and all payments are to be made shortly after the end of each quarter. It also specifies that Romano will receive an additional quarterly bonus of $6,000, if during that quarter, Swanky receives no more than five complaints from customers about room cleanliness. • On April 1, based on historical experience, Romano estimated that there is a 75% chance that it will earn the quarterly bonus. • On May 5, Romano learned that, during March, there were two complaints from customers related to room cleanliness. Based on this new information, Romano revised its estimate downward to 40% that it would earn the quarterly bonus. • On June 30, Swanky notified Romano that, for the quarter ended, there were four complaints associated with room cleanliness, so Romano would receive the bonus. Two days later, Romano received all payments due for all services rendered in the second quarter, including the bonus Romano estimates any variable consideration on the expected value of the consideration it expects to receive. 23. Prepare the required journal entry for Romano Services on April 30th. The entry includes: a. A debit to accounts receivable of $46,500 b. A debit to bonus receivable of $1,500 c. A credit to service revenue of $51,000 d. A credit to bonus receivable of $3,000 e. A debit to bonus receivable of $4,500 f. A debit to bonus receivable of $6,000 g. A credit to deferred revenue of $93,000 h. None of the above 24. Prepare the required journal entry for Romano Services on May 30th. The entry includes: a. A debit to accounts receivable of $45,800 b. A debit to bonus receivable of $1,500 c. A debit to bonus receivable of $800 d. A credit to service revenue of $15,400 e. A credit to bonus receivable of $100 f. A debit to bonus receivable of $100 g. A credit to deferred revenue of $45,800 h. None of the above 25. Prepare the required journal entry for Romano Services on June 30th. The entry includes: a. A debit to bonus receivable of $4,400 b. A debit to accounts receivable of $46,600 c. A debit to bonus receivable of $800 d. A credit to service revenue of $51,000 e. A credit to bonus receivable of $1,600 f. A debit to bonus receivable of $800 g. A credit to deferred revenue of $138,800 h. None of the above Romano Services provides room-cleaning arrangements for hotels. On April 1, Swanky Hotels & Resorts signed an agreement to outsource its room cleaning functions to Romano. The contract specifies the service fee to be $45,000 per month, and all payments are to be made shortly after the end of each quarter. It also specifies that Romano will receive an additional quarterly bonus of $6,000, if during that quarter, Swanky receives no more than five complaints from customers about room cleanliness. • On April 1, based on historical experience, Romano estimated that there is a 75% chance that it will earn the quarterly bonus. • On May 5, Romano learned that, during March, there were two complaints from customers related to room cleanliness. Based on this new information, Romano revised its estimate downward to 40% that it would earn the quarterly bonus. • On June 30, Swanky notified Romano that, for the quarter ended, there were four complaints associated with room cleanliness, so Romano would receive the bonus. Two days later, Romano received all payments due for all services rendered in the second quarter, including the bonus Romano estimates any variable consideration on the expected value of the consideration it expects to receive. 23. Prepare the required journal entry for Romano Services on April 30th. The entry includes: a. A debit to accounts receivable of $46,500 b. A debit to bonus receivable of $1,500 c. A credit to service revenue of $51,000 d. A credit to bonus receivable of $3,000 e. A debit to bonus receivable of $4,500 f. A debit to bonus receivable of $6,000 g. A credit to deferred revenue of $93,000 h. None of the above 24. Prepare the required journal entry for Romano Services on May 30th. The entry includes: a. A debit to accounts receivable of $45,800 b. A debit to bonus receivable of $1,500 c. A debit to bonus receivable of $800 d. A credit to service revenue of $15,400 e. A credit to bonus receivable of $100 f. A debit to bonus receivable of $100 g. A credit to deferred revenue of $45,800 h. None of the above 25. Prepare the required journal entry for Romano Services on June 30th. The entry includes: a. A debit to bonus receivable of $4,400 b. A debit to accounts receivable of $46,600 c. A debit to bonus receivable of $800 d. A credit to service revenue of $51,000 e. A credit to bonus receivable of $1,600 f. A debit to bonus receivable of $800 g. A credit to deferred revenue of $138,800 h. None of the above Romano Services provides room-cleaning arrangements for hotels. On April 1, Swanky Hotels & Resorts signed an agreement to outsource its room cleaning functions to Romano. The contract specifies the service fee to be $45,000 per month, and all payments are to be made shortly after the end of each quarter. It also specifies that Romano will receive an additional quarterly bonus of $6,000, if during that quarter, Swanky receives no more than five complaints from customers about room cleanliness. • On April 1, based on historical experience, Romano estimated that there is a 75% chance that it will earn the quarterly bonus. • On May 5, Romano learned that, during March, there were two complaints from customers related to room cleanliness. Based on this new information, Romano revised its estimate downward to 40% that it would earn the quarterly bonus. • On June 30, Swanky notified Romano that, for the quarter ended, there were four complaints associated with room cleanliness, so Romano would receive the bonus. Two days later, Romano received all payments due for all services rendered in the second quarter, including the bonus Romano estimates any variable consideration on the expected value of the consideration it expects to receive. 23. Prepare the required journal entry for Romano Services on April 30th. The entry includes: a. A debit to accounts receivable of $46,500 b. A debit to bonus receivable of $1,500 c. A credit to service revenue of $51,000 d. A credit to bonus receivable of $3,000 e. A debit to bonus receivable of $4,500 f. A debit to bonus receivable of $6,000 g. A credit to deferred revenue of $93,000 h. None of the above 24. Prepare the required journal entry for Romano Services on May 30th. The entry includes: a. A debit to accounts receivable of $45,800 b. A debit to bonus receivable of $1,500 c. A debit to bonus receivable of $800 d. A credit to service revenue of $15,400 e. A credit to bonus receivable of $100 f. A debit to bonus receivable of $100 g. A credit to deferred revenue of $45,800 h. None of the above 25. Prepare the required journal entry for Romano Services on June 30th. The entry includes: a. A debit to bonus receivable of $4,400 b. A debit to accounts receivable of $46,600 c. A debit to bonus receivable of $800 d. A credit to service revenue of $51,000 e. A credit to bonus receivable of $1,600 f. A debit to bonus receivable of $800 g. A credit to deferred revenue of $138,800 h. None of the above Romano Services provides room-cleaning arrangements for hotels. On April 1, Swanky Hotels & Resorts signed an agreement to outsource its room cleaning functions to Romano. The contract specifies the service fee to be $45,000 per month, and all payments are to be made shortly after the end of each quarter. It also specifies that Romano will receive an additional quarterly bonus of $6,000, if during that quarter, Swanky receives no more than five complaints from customers about room cleanliness. • On April 1, based on historical experience, Romano estimated that there is a 75% chance that it will earn the quarterly bonus. • On May 5, Romano learned that, during March, there were two complaints from customers related to room cleanliness. Based on this new information, Romano revised its estimate downward to 40% that it would earn the quarterly bonus. • On June 30, Swanky notified Romano that, for the quarter ended, there were four complaints associated with room cleanliness, so Romano would receive the bonus. Two days later, Romano received all payments due for all services rendered in the second quarter, including the bonus Romano estimates any variable consideration on the expected value of the consideration it expects to receive. Prepare the required journal entry for Romano Services on April 30th, May 30th, June 30th

1. Taylor Venz founded Venz Products on January 1.  During its first year the company had sales of $220,000, a cost of goods sold of $100,000, and operating expenses (not including depreciation) of $50,000.  The company estimates its income taxes expense will be approximately 25% of income before taxes.

The company's equipment, all of which was purchased on January 1, cost $80,000, with an estimated residual value of $5,000, and a useful life of five years.

You have been asked by Taylor Venz to assist in deciding which depreciation method to use in accounting for the Venz Products' activity for its first year ended December 31.

Required:

1. Calculate the Venz Products' net income using the straight-line and double-declining-balance depreciation methods.  Round all calculations to the nearest dollar.

ii.)           What depreciation method would result in more cash available for Venz Products on December 31? How much more additional cash? You must support your answer.

Comprehensive Process Costing: FIFO Method

The Maxma Beverage Corporation manufactures flavored bottled water and uses process costing to account for the cost of the products manufactured. Raw material and conversion costs are incurred at the same rate during the production process. Data for the company's mixing department for March are as follows:

Maxma uses the first-in, first-out method to calculate equivalent units.

Required:

A. How many units were completed in March?

B. How many equivalent units were completed in March?

C. What is the cost per equivalent unit? Round your answer to nearest cent. Use your rounded answer for subsequent calculations.

D. What is the cost of the ending WIP?

E. What is the cost of the units transferred out of the mixing department? That is, what is the cost of goods manufactured during March?

[The following information applies to the questions displayed below.]

At the end of January of the current year, the records of Donner Company showed the following for a particular item that sold at $16.80 per unit:

Required:

1a. Assuming the use of a periodic inventory system, compute Cost of Goods Sold under each method of inventory: average cost, FIFO, LIFO, and specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase.

1b. Assuming the use of a periodic inventory system, prepare a partial income statement under each method of inventory: (a) average cost, (b) FIFO, (c) LIFO, and (d) specific identification. For specific identification, assume that the first sale was selected from the beginning inventory and the second sale was selected from the January 12 purchase.