1. If the Ortiz Corporation purchases 100 washing machines from the Whirlpool Corporation FOB Shipping Point, who pays for the cost of shipping the machines from Whirlpool to Ortiz?

2. Rodriguez Company reported the following balances at November 30, 2019:

                                Gross Sales Revenue                                                 $16,000

                                Sales Returns and Allowances                                          600

                                Sales Discounts                                                                300

                                Cost of Goods Sold                                                        7,600

1. What are the net sales for the month?

2. What is the gross margin for the month?

3. Reid Supply sells backpacks and other school supplies. The company uses a perpetual inventory system. During June, the following transactions and events occurred:

June           4 Sold 70 backpacks at $25 each to Hunter Company, terms 2/10, n/30, F.O.B. Shipping Point.

June           6 Gave credit of $150 for the return of 6 backpacks purchased on Sept. 4 that were defective.

June 14 Received a check as payment in full from Hunter Company.

Instructions: Please write the journal entries for the June sales transactions for Reid Supply.

Using the data below about level of risk for juvenile detention (from 1 to 5 with 5 being high risk), number of at-risk factors (i.e., poverty, truancy from school), and progress for 25 juveniles, measured on a scale from 1 to 100, 10 years after the introduction of a program. What conclusion might you be able to draw from your results?

A researcher would like to know whether there is a significant relationship between Verbal skills and Math skills in population of high school students. A sample of n = 200 students is randomly selected and each student is given a standardized Verbal skills test and a standardized Math skills test.

Based on the test results, students are classified as High or Low in Verbal skills and Math skills.

The results are summarized in the following frequency distribution table (i.e., the numbers represent the frequency count of students in each category):

Based on these results, can the researcher conclude that there is a significant

relationship between Verbal skills and Math skills? Test at the .05 level of significance.

For full credit, your answer must include:

         - hypotheses

         - computed Chi² test for Independence (show all computational steps)

         - computed phi-coefficient to measure the strength of the relationship

         - df and the critical Chi²value for p < .05

         - decision about H₀ and conclusion in the APA reporting format

True/False

1. ________Growth is the progressive change in the child toward maturity or maturation.

2. ________Nutritional habits and patterns are established during the adolescent years and these patterns are then carried into adulthood.

3. ________Divorce can be traumatic for children but may be better than the household environment the child has been living in.

4. ________Some of the body systems of the child are present at birth; other body systems develop shortly after birth.

5. ________Communication includes spoken and written words as well as body language, facial expressions, voice intonations, and emotions behind the words.

Fill-in-the-Blank

1. The pattern of growth starting with the head and moving downward is referred to as________________________.

2. In the pattern of growth referred to as _____________________________, growth starts in the center and progresses toward the periphery or outside.

3. The combination of all of an individual’s characteristics, the way the person thinks, behaves, and reacts to

something that happens in his or her environment is referred to as a person’s _____________________________.

4. A _____________________________ child is one who comes home to an empty house after school each day because the family caregivers are at work.

5. Erik Erikson described and formulated human psychosocial development as a series of eight developmental

____________________________________.

89. According to the acceleration principle: (a) a relatively small increase in consumer spending results in a relatively larger increase in inflation; (b) a relatively small increase in consumer spending perceived to be permanent results in a relatively larger increase in investment; (c) a relatively small decrease in the federal budget deficit results in an even LARGER increase in capital spending (due to momentum); (d) the faster interest rates decline, the faster investment spending declines.

90. In the early stages of an economic boom, a borrower’s risk is likely to be: (a) related to deflation; (b) due to sub-par food in the cafeteria; (c) due mainly to the solvency of the lender; (d) relatively low.

91. According to the permanent income hypothesis, current consumption is a function of: (a) current income; (b) expected income over a three-year time horizon; (c) wealth, including human capital; (d) all of the above.

92. A school of thought that advocates government management of aggregate demand would be most similar to: (a) supply side economics; (b) classical economics; (c) Keynesian economics; (d) rational expectations theory.

A rich donor has approached a small liberal arts college and wants to know what the total of all of the student debt at the college is. She is considering paying off every student’s debt, but needs to know how much that is before she publicly announces her plan. In response, the school decides to conduct a survey of its students to find out what the total of all students’ debt is. They want to be sure that in-state, out-of-state, and international students are all properly represented so they decide to take a stratified sample. Using the below information, calculate the total student debt for the college and construct a confidence interval around the total student debt for the college. NOTE: You will have to choose a reasonable confidence interval.

1) Thirteen student were admitted to the undergraduate business program at Whatsamatta University 2 years ago. The following table indicates what their grade-point average was after 2 years at the University. Also listed is their SAT score that they scored when they were in high school (maximum score is 2400).

a) Using the SAT score to predict their GPA is there a meaningful relationship between the SAT score and their GPA? How do you know?

b) If a student has a SAT score of 1200, what do you think their GPA will be in two years?

c) If a student has a SAT score of 2400, what do you think their GPA will be in two years?

The Survey of Study Habits and Attitudes (SSHA) is a psychological test that measures the motivation, attitude toward school, and study habits of students. Scores range from 0 to 200. A selective private college gives the SSHA to an SRS of both male and female first-year students. The data for the women are as follows: 154 109 137 115 152 140 154 178 101 103 126 126 137 165 165 129 200 148 Here are the scores of the men: 108 140 114 91 180 115 126 92 169 146 109 132 75 88 113 151 70 115 187 104

Most studies have found that the mean SSHA score for men is lower than the mean score in a comparable group of women. Is this true for first-year students at this college? Use a 1% significance level.

(a) Hypotheses and results:

(b) Draw a picture and label p-value and horizontal axis:

(c) Draw a conclusion. Don’t just accept or reject. Say what it means in terms of this problem.

1) The nurse has just started her morning shift, when entering the client's room, she notices the wrong IV drip is administering to the client. The nurse quickly stop the IV drip, assess the client's condition, and collect vital signs. What should the nurse do next?

A. Document the medication error

B. Do nothing as the client condition is normal

C. Report this to the nurse supervisor

D. Report this to the prescribing physician

2) The nurse is assessing a 4 months old child whose mother is present and notice severe bruises on the bottom and abdomen. What should the nurse do?

A. Report this to the police immediately

B. Determine by asking the mother to explain the bruises

C. Report this to the nurse supervisor immediately

D. Report this to the child protective services immediately

3) The nurse is doing a routine assessment on 14 years old client with a diagnose of anorexia. What statement by the client should cause the nurse to do a follow-up?

A. I am not responsible for the parent's behavior

B. My parents weight me every day after school

Exchange vs Nonexchange Transactions

Classify each transaction below as exchange or nonexchange. If it is a nonexchange transaction, classify it in one of the four categories of nonexchange transactions. Explain your answer.

1. Merchant collects state cigarette tax on sale of a pack of cigarettes.

2. State reimburses schools for costs related to special education of handicapped children. The school must verify eligibility of the children.

3. State fines for hunting illegally on protected state wildlife preserve.

4. City property taxes are paid by owner.

5. Hotel tax is collected at checkout.

6. Donor provides $300,000 to a city homeless shelter and specifies $100,000 may be spent each year.

7. County landfill collects fee from citizen dumping trash.

8. Income tax is withheld from an employee's paycheck.

9. A business donates cash for scholarships to a public university and specifies the scholarships must be for study abroad.

10. A corporation makes a grant to a public university to conduct research on genetics coding, and the university agrees to give the corporation all patent rights on results of the genetic coding research.