Master College Concepts with Expert Q&A and Solutions

Denton and Carlo worked at an appliance plant. Their job required them to do occasional maintenance work while standing on a wire mesh twenty feet above the plant floor. Other employees had fallen through the mesh, and one was killed by the fall. When Denton and Carlo were asked by their supervisor to do work that would likely require them to walk on the mesh, they refused due to their fear of bodily harm or death. Because of their refusal to do the requested work, the two employees were fired from their jobs. Was their discharge wrongful? If so, under what federal employment Law? What federal agency or department could assist them?
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The 2014 balance sheet of Jordans Golf Shop, Inc., showed long-term debt of $6.2 million, and the 2015 balance sheet showed long-term debt of $6.45 million. The 2015 income statement showed an interest expense of $215,000. The 2014 balance sheet showed $610,000 in the common stock account and $2.5 million in the additional paid-in surplus account. The 2015 balance sheet showed $650,000 and $3 million in the same two accounts, respectively. The company paid out $610,000 in cash dividends during 2015. Suppose you also know that the firms net capital spending for 2015 was $1,470,000, and that the firm reduced its net working capital investment by $89,000. What was the firms 2015 operating cash flow, or OCF? (Do not round intermediate calculations. Enter your answer in dollars, not millions of dollars, e.g., 1,234,567.)
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Demand for stereo headphones and MP3 players for joggers has caused Nina Industries to grow almost 50 percent over the past year. The number of joggers continues to expand, so Nina expects demand for headsets to also expand, because, as yet, no safety laws have been passed to prevent joggers from wearing them. Demand for the players for last year was as follows:MONTH DEMAND (UNITS)January 4,130February 4,230March 3,930April 4,330May 4,930June 4,630July 5,230August 4,830September 5,330October 5,630November 6,230December 5,930a. Using linear regression analysis, what would you estimate demand to be for each month next year? Using a spreadsheet, follow the general format in Exhibit 3.7. (Do not round intermediate calculations. Round your answers to 2 decimal places.)Month ForecastJanuary February March April May June July August September October November December b. To be reasonably confident of meeting demand, Nina decides to use 2 standard errors of estimate for safety. How many additional units should be held to meet this level of confidence? (Do not round intermediate calculations. Round your answer to the nearest whole number.)Additional units = ?
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(In Java) An n X n matrix is called a positive Markov matrix if each element is positive and the sum of the elements in each column is 1. Write the following method to check whether a matrix is a Markov matrix.public static boolean isMarkovMatrix(double[][] m)Write a test program that prompts the user to enter a 3 X 3 matrix of double values and tests whether it is a Markov matrix.Sample run:Enter a 3-by-3 matrix row by row:0.15 0.875 0.3750.55 0.005 0.2250.30 0.12 0.4It is a Markov matrix
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Described below are certain transactions of Sunland Company for 2021: 1. On May 10, the company purchased goods from Fox Company for $72,200, terms 2/10, n/30. Purchases and accounts payable are recorded at net amounts. The invoice was paid on May 18. 2. On June 1, the company purchased equipment for $91,200 from Rao Company, paying $26,400 in cash and giving a one-year, 9% note for the balance. 3. On September 30, the company discounted at 11% its $200,000, one-year zero-interest-bearing note at Virginia State Bank, receiving $180,000. Prepare the journal entries necessary to record the transactions above using appropriate dates. Company uses the periodic inventory system. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit May 10 May 18 June 1 September 30 Prepare the adjusting entries necessary at December 31, 2021 in order to properly report interest expense related to the above transactions. Assume straight-line amortization of discounts. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Dec. 31 (To record interest expense) Dec. 31 (To record amortization of discount) Indicate the manner in which the above transactions should be reflected in the Current Liabilities section of Sunland Company's December 31, 2021 balance sheet. Current Liabilities $ Interest Payable $ Interest Receivable Premium on Note $ Discount on Note Note Payable-Rao Company Indicate the manner in which the above transactions should be reflected in the Current Liabilities section of Sunland Company's December 31, 2021 balance sheet. Current Liabilities Less OF ACCOUNTS Add LINK TO TEXT
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The vapor pressure of liquid hexane, C_6 H_14, is 40.0 mm Hg at 271 K. A sample of C_6 H_14 is placed in a closed, evacuated container of constant volume at a temperature of 400 K. It is found that all of the C_6 H_14 is in the vapor phase and that the pressure is 74.0 mm Hg. If the temperature in the container is reduced to 271 K, which of the following statements are correct? Choose all that apply. a) Liquid hexane will be present. b) Some of the vapor initially present will condense. c) Only hexane vapor will be present. d) No condensation will occur. e) The pressure in the container will be 50.1 mm Hg.
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A civil war has broken out in the country of Mula, forcing thousands of Mulan refugees to flee to neighboring Sula. The Mulan refugees are highly skilled professionals, while the Sulan people are largely uneducated and work in agricultural professions. Which of the following describes the MOST likely socioeconomic effects of the Mulan refugees' move to Sula?I. The Mulan people will take over the labor force, leaving the Sula people at an economic disadvantage.II. The Sulan government's spending on medical services will decrease as a result of the influx of Mulan people.III. Sula will experience brain gain, which will boost the country's economy.IV. The Sulan people will begin to resent the Mulan people, causing ethnic conflict.
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"Predator - Prey"Consider the following systems of rate of change equations:System A(dx/dt)= 3x(1-(x/10))- 20xy(dy/dt)= -5y+(xy/20)System B(dx/dt)= 0.3x-(xy/100)(dy/dt)= 15y(1-(y/17))+25xyIn both of these systems, x and y refer to the number of two different species at time t. In particular, in one of these systems the prey are large animals and the predators are small animals, such as piranhas and humans. Thus it takes many predators to eat one prey, but each prey eaten is a tremendous benefit for the predator population. The other system has very large predators and very small prey.* Figure out which system is which and explain the reasoning behind your decision. Try to develop more than one way to reach a conclusion.
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A variation of the indicator-dilution method (see preceding problem) is used to measure total blood volume. A known amount of a tracer is injected into the bloodstream and disperses uniformly throughout the circulatory system. A blood sample is then withdrawn, the tracer concentration in the sample is measured, and the measured concentration [which equals (tracer injected)/(total blood volume) if no tracer is lost through blood vessel walls] is used to determine the total blood volume. In one such experiment, 0.60 \mathrm{cm}^{3}0.60cm 3 of a solution containing 5.00 mg/L of a dye is injected into an artery of a grown man. About 10 minutes later, after the tracer has had time to distribute itself uniformly throughout the bloodstream, a blood sample is withdrawn and placed in the sample chamber of a spectrophotometer. A beam of light passes through the chamber, and the spectrophotometer measure the intensity of the transmitted beam and displays the value of the solution absorbance (a quantity that increases with the amount of light absorbed by the sample). The value displayed is 0.18. A calibration curve of absorbance A versus tracer concentration C (micrograms dye/liter blood) is a straight line through the origin and the point (A=0.9, C=3 \mu \mathrm{g} / \mathrm{L})(A=0.9,C=3g/L). Estimate the patient's total blood volume from these data.
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Several genes in humans in addition to the ABO gene (I) give rise to recognizable antigens on the surface of the red blood cells. The Rh marker is determined by positive (R) and negative alleles (r) of gene R, where R is completely dominant to r. The presence of M and N surface markers are controlled by two codominant alleles of gene L (LM and LN). For each mother-child pair, choose the father of the child from among the males in the right column. (Assume that all mothers and fathers are HH.)
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Universal Foods issued 10% bonds, dated January 1, with a face amount of $150 million on January 1, 2016. The bonds mature on December 31, 2030 (15 years). The market rate of interest for similar issues was 12%. Interest is paid semiannually on June 30 and December 31. Universal uses the straight-line method. Required: 1. Determine the price of the bonds at January 1, 2016. 2. Prepare the journal entry to record their issuance by Universal Foods on January 1, 2016. 3. Prepare the journal entry to record interest on June 30, 2016. 4. Prepare the journal entry to record interest on December 31, 2023.
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Find the concentration of the saline solution in terms of % by mass using your exact mass of NaCl, the volume of water (80.0 mL), and density of water being 0.9981 g/mL1) Calculate the predicted (theoretical) concentration of the saline solution in terms of % by mass using your exact mass of NaCl, the volume of water (80.0 mL), and density of water being 0.9981 g/mL. Show the calculation in detail with the corresponding units of measurement and the appropriate sig. figs. The mass of NaCl used was 17.518 g.2) Use the information to calculate the experimental value for the concentration (% by mass) of your saline solution based on your experimental value for density obtained with the volumetric pipette. You must show ALL the work and the calculation leading to the result in detail for full credit. The graph equation given is y=(0.0076x) + (0.9935) where y= density, x= Concentration and the density of solution using one experimental value for volumetric pipette;1.08
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The data gives the values of the 29 teams in the National Basketball Association, along with their operating incomes and revenues. Plots and correlations show that revenue predicts team value much better than does operating income. The least-squares regression line for predicting value from revenue is as follows: value = -123.298 + 4.242 revenue (a) What is the slope of this line?: 4.242 (b) The HORNETS are the NBA's most valuable team, valued at $547 million, with $147 million in revenue. Use the line to predict the value of the HORNETS from their revenue. What is the error in this prediction?: -123.298 + (4.242 * 147) = 500.276 547 - 500.278 = 46.724 (c) What is the correlation of revenue and value?: r = ?
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Following are the transactions of a new company called Pose-for-Pics.Aug. 1 Madison Harris, the owner, invested $8,000 cash and $34,400 of photography equipment in the company in exchange for common stock.2 The company paid $3,000 cash for an insurance policy covering the next 24 months.5 The company purchased office supplies for $1,520 cash.20 The company received $4,000 cash in photography fees earned.31 The company paid $884 cash for August utilities.Prepare general journal entries for the above transactions.
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Your boss would like your help on a marketing research project she is conducting on the relationship between the price of juice and the quantity of juice demanded. She hands you the following document: Price of Juice Quantity of Juice Demanded (Dollars per can) (Billions of cans) 0.50 2,000 0.75 1,500 1.00 1,000 1.25 750 Your task is to take this and construct a graphical representation of the data. In doing so, you determine that as the price of juice rises, the quantity of juice demanded decreases. This confirms the:_________
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Vegetative reproduction is a type of asexual reproductionin which nonreproductive parts of an organism can breakoff and develop into new individuals.Which event is an example of vegetative reproduction in plants?A. Pine trees produce seeds in cones.B. Mosses form spores in capsules.C. Sunflower plants produce seeds in their flowers.D. Kalanchoe plants produce plantlets on their leaves.
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Bruno Fruscalzo decided to setup a small production facility in Sydney to sell to the local restaurants who want to offer gelato on their dessert menu. To start simple, he would offer only 3 flavors of gelato: fragola (strawberry), chocolato (chocolate), and bacio (chocolate with hazelnut). After a short time he determined his demand and setup times, as shown in the table below. Fragola Chocolate BacioDemand (kg/hours) 5 10 15setup time (minutes) 45 20 15Bruno first produces a batch of fragola, then a batch of chocolato, then a batch of bacio and then he repeats that sequence. For example, after producing bacio and before producing fragola, he needs 45 minutes to setup the ice cream machine, but he needs 15 minutes to switch from chocolato to bacio. When running, his ice cream machine produces at the rate of 48 kgs per hour no matter which flavor it is producing (and of course it can produce only one flavor at a time).(Round your answer to 2 decimal places.)a. Suppose they operate with a production cycle of 150 kgs (25 kg of fragola, 50 kgs of chocolato and 75 kgs of bacio). What is the capacity of the gelato making process (in kgs per hr)? _______kgs per hour(Round your answer to 2 decimal places.)b. Suppose they operate with a production cycle of 150 kgs (25 kg of fragola, 50 kgs of chocolato and 75 kgs of bacio). What is the utilization of the gelato making process?_________%(Round your answer to 2 decimal places.)c. Suppose they operate with a production cycle of 150 kgs (25 kg of fragola, 50 kgs of chocolato and 75 kgs of bacio). What is the average inventory of chocolato?_______kgs(Round your answer to 2 decimal places.)d. Suppose Bruno wants to minimize the amount of each flavor produced at one time while still satisfying the demand for each of the flavors. (He can choose a different quantity for each flavor.) If we define a batch to be the quantity produced in a single run of each flavor, how many kgs should he produce in each batch?_______kgs(Round your answer to 2 decimal places.)e. Given your answer to part (d) how many kgs of fragola should he make with each batch?________kgs
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Following are account balances (in millions of dollars) from a recent FedEx annual report, followed by several typical transactions. Assume that the following are account balances on May 31, 2014: Account Balance Account Balance Property and equipment (net) $ 15,543 Receivables $ 4,581 Retained earnings 12,716 Other current assets 610 Accounts payable 1,702 Cash 2,328 Prepaid expenses 329 Spare parts, supplies, and fuel 437 Accrued expenses payable 1,894 Other noncurrent liabilities 5,616 Long-term notes payable 1,667 Other current liabilities 1,286 Other noncurrent assets 3,557 Additional Paid-in Capital 2,472 Common stock ($0.10 par value) 32 These accounts are not necessarily in good order and have normal debit or credit balances. Assume the following transactions (in millions) occurred the next year ending May 31, 2015:a. Provided delivery service to customers, receiving $21,704 in accounts receivable and $17,600 in cash.b. Purchased new equipment costing $3,434; signed a long-term note.c. Paid $13,864 cash to rent equipment and aircraft, with $10,136 for rental this year and the rest for rent next year.d. Spent $3,864 cash to maintain and repair facilities and equipment during the year.e. Collected $24,285 from customers on account.f. Repaid $350 on a long-term note (ignore interest).g. Issued 20 shares of additional stock for $16.h. Paid employees $15,276 during the year.i. Purchased for cash and used $8,564 in fuel for the aircraft and equipment during the year.j. Paid $784 on accounts payable.k. Ordered $88 in spare parts and supplies.Required:1&2 Prepare T-accounts for May 31, 2014, from the preceding list; Enter the respective beginning balances. For each transaction, record the 2015 effects in the T-accounts. Label each using the letter of the transaction.Compute ending balances. (Enter your answers in millions not in dollars.)3. Prepare an income statement for the period ended May 31, 2015. (Enter your answers in millions not in dollars.)
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Larkspur Inc. wishes to lease machinery to Thiensville Company. Thiensville wants the machinery for 4 years, although it has a useful life of 10 years. The machinery has a fair value at the commencement of the lease of $46,000, and Larkspur expects the machinery to have a residual value at the end of the lease term of $28,000. However, Thiensville does not guarantee any part of the residual value. Thiensville does expect that the residual value will be $44,000 instead of $28,000.What would be the amount of the annual rental payments Larkspur demands of Thiensville, assuming each payment will be made at the end of each year and Larkspur wishes to earn a rate of return on the lease of 6%?
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Financial Statements and Ratios-Bike-With-Us Corporation, a specialty bicycle parts replacement venture, was started last year by two former professional bicycle riders who had substantial competitive racing experience, including the Tour de France. The two entrepreneurs borrowed $50,000 from members of their families, and each put up $30,000 in equity capital. Retail space was rented, and $60,000 was spent for fixtures and store equipment. Following is the abbreviated income statement and balance sheet information for the Bike-With-Us Corporation after one year of operation.BIKE-WITH-US CORPORATION INCOME STATEMENTSales $325,000Operating costs 285,000Depreciation 10,000Interest 5,000Taxes 6,000Cash $1,000Receivables 30,000Inventories 50,000Fixed assets, net 50,000Payables 11,000Accruals 10,000Long-term loan 50,000Stockholders equity 60,000A. Prepare an income statement and a balance sheet for the Bike-With-Us Corporation using only the information provided above.B. Calculate the current ratio, quick ratio, and NWC-to-total-assets ratio.C. Calculate the total-debt-to-total-assets ratio, debt-to-equity ratio, and interest coverage.D. Calculate the net profit margin, sales-to-total-assets ratio, and the return on assets.E. Calculate the equity multiplier. Combine this calculation with the calculations in Part D to show the ROE model with its three components.
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Suppose that an Internal Revenue Service (IRS) representative claims that the average tax deduction for medical care is $1,250, and assume that this variable is normally distributed. A taxpayer who believes that the deduction might be less than $1,250 decides to randomly sample 12 families who have an average deduction of $934 with a standard deviation of $616. a. What are the null and alternative hypotheses? b. What is the value of the test statistic, i.e. t-stat, in this example? Show your work. c. What is the p-value associated with this test statistic? (HINT: you have less than 30 observations so you will need to use t-table to obtain critical values.) d. What can you conclude at the 10-percent level of significance? What can you conclude at the 5-percent level of significance? Explain. (HINT: you have less than 30 observations so you will need to use t-table to obtain critical values.)
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Suppose X is a normally distributed random variable with mean 0 and variance 1 (i.e., standard normal). Compute the following (Hint: you can use the R functions pnorm and qnorm to answer these questions). P r(X < 1:96) P r(X > 1:64) P r(0:5 < X < 0:5) 1% quantile, q:01 and 99% quantile, q:99 ? 5% quantile, q:05 and 95% quantile,
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Gravel is graded by how fine the stones are. For a particular grade of gravel, there are 26 stones with a diameter of 0.75 inches or greater per one cubic yard of gravel, on average. (a) We would like to determine the probability of finding at most two stones with a diameter of 0.75 inches or greater in one cubic foot of the same gravel. Which of the following is the correct probability statement? P(x < 2) PX S2) P(x > 2) P(X22) (b) We would like to determine the probability of finding at most two stones with a diameter of 0.75 inches or greater in one cubic foot of the same gravel. (1 cubic yard = 27 cubic feet. Round your answer to three decimal places.) 0.960 HE -0.963 27
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Current Attempt in Progress The ledger of Windsor, Inc. on March 31, 2017, includes the following selected accounts before adjusting entries. Credit Debit Supplies 2,820 Prepaid Insurance 2,640 25,500 Equipment Unearned Service Revenue 11,600 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $330 per month. 2. Supplies on hand total $955. 3. The equipment depreciates $170 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (If no entry is required, select "No Entry" for the account titles and enter O for the an No. Account Titles and Explanation Debit Credit 1. 2. 3. 4.
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