An expectant father paces back and forth, producing the position-versus-time graph shown in Figure 2--25. Without performing a calculation, indicate whether the father's velocity is positive, negative, or zero on each of the following segments of the graph: A.

Robert Koch (a) established procedures for identifying the cause of disease (b) identified specific neurotoxins $(c)$ discovered interferon (d) pioneered the process of vaccination.

You are working in a busy obstetrics/gynecology (OB/GYN) office, and t he last patient of the day is P.B., a 3S-year-old who is planning to get married soon. She wants to use birth control but is not sure what to choose. Her fiance is in law school, and they do not have health insurance, so she is anxious not to get pregnant right away. She asks you to review the various methods and help her explore what is best for her.
She asks you which method you would pick. What do you tell her?

Selected transactions completed by Everyday Products Inc. during the fiscal year ending December 31, 2012, were as follows:

f. Purchased 5,500 shares of Kress Corp. at $22 per share, plus a$275 brokerage commission. The investment is classified as an available-for-sale investment.

Instructions

1. Journalize the selected transactions.
2. After all of the transactions for the year ended December 31, 2012, had been posted [including the transactions recorded in part (1) and all adjusting entries], the data below and on the following page were taken from the records of Everyday Products Inc.

a. Prepare a multiple-step income statement for the year ended December 31, 2012, concluding with earnings per share. In computing earnings per share, assume that the average number of common shares outstanding was 84,000 and preferred dividends were $85,000. (Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 2012. c. Prepare a balance sheet in report form as of December 31, 2012.

$$\begin{aligned} &\textbf { Income statement data: }\\ &\begin{array}{lr} \hline \text { Advertising expense } & \$ 125,000 \\ \text { Cost of merchandise sold } & 3,650,000 \\ \text { Delivery expense } & 29,000 \\ \text { Depreciation expense-office buildings and equipment } & 26,000 \\ \text { Depreciation expense-store buildings and equipment } & 95,000 \\ \text { Dividend revenue } & 3,575 \\ \text { Gain on sale of investment } & 2,225 \\ \text { Income from Lifecare Co. investment } & 65,600 \\ \text { Income tax expense } & 128,500 \\ \text { Interest expense } & 19,000 \\ \text { Interest revenue } & 1,800 \\ \text { Miscellaneous administrative expense } & 7,500 \\ \text { Miscellaneous selling expense } & 13,750 \\ \text { Office rent expense } & 50,000 \\ \text { Office salaries expense } & 165,000 \\ \text { Office supplies expense } & 10,000 \\ \text { Sales } & 5,145,000 \\ \text { Sales commissions } & 182,000 \\ \text { Sales salaries expense } & 365,000 \\ \text { Store supplies expense } & 22,000 \end{array} \end{aligned}$$

$$\begin{aligned} &\textbf { Retained earnings and balance sheet data: }\\ &\begin{array}{lr} \hline \text { Accounts payable } & \$ 195,000 \\ \text { Accounts receivable } & 543,000 \\ \text { Accumulated depreciation–office buildings and equipment } & 1,580,000 \\ \text { Accumulated depreciation-store buildings and equipment } & 4,126,000 \\ \text { Allowance for doubtful accounts } & 8,150 \\ \text { Available-for-sale investments (at cost) } & 110,250 \\ \text { Bonds payable, 6\%, due 2022 } & 400,000 \\ \text { Cash } & 240,000 \\ \text { Common stock, \$25 par (400,000 shares authorized; } & \\ \quad 86,570 \text { shares issued, } 82,670 \text { outstanding) } & 2,164,250 \\ \text { Dividends: } & \\ \quad \text { Cash dividends for common stock } & 155,120 \\ \quad \text { Cash dividends for preferred stock } & 85,000 \\ \quad\text { Stock dividends for common stock } & 62,800 \\ \text { Goodwill } & 510,000 \\ \text { Income tax payable } & 40,000 \\ \text { Interest receivable } & 930 \\ \text { Investment in Lifecare Co. stock (equity method) } & 689,100 \\ \text { Investment in Nordic Wear Inc. bonds (long term) } & 62,000\\ \text { Merchandise inventory (December 31, 2012), at lower }\\ \quad\text { of cost (FIFO) or market } & \$780,000 \\ \text { Office buildings and equipment } & 4,320,000 \\ \text { Paid-in capital from sale of treasury stock } & 18,200 \\ \text { Paid-in capital in excess of par-common stock } & 842,000 \\ \text { Paid-in capital in excess of par-preferred stock } & 150,000 \\ \text { Preferred 5\% stock, \$100 par (30,000 shares authorized; } & \\ \quad 17,000 \text { shares issued) } & 1,700,000 \\ \text { Premium on bonds payable } & 19,000 \\ \text { Prepaid expenses } & 26,500 \\ \text { Retained earnings, January 1, 2012 } & 8,708,150 \\ \text { Store buildings and equipment } & 12,560,000 \\ \text { Treasury stock (3,900 shares of common stock at cost of } & \\ \quad \$ 35 \text { per share) } & 136,500 \\ \text { Unrealized gain (loss) on available-for-sale investments } & (17,750) \\ \text { Valuation allowance for available-for-sale investments } & (17,750)\\ \end{array} \end{aligned}$$

What did the Office of War Information seek to do?

Juicyfruit, Inc., signs a five-year lease for office equipment with Office Solutions. The present value of the lease payments is $20,859. Record the journal entry that Juicyfruit records at the inception of this capital lease.

The adjusted trial balance for Speedy Courier as of December 31, 2017, follows.

Required
1. Use the information in the adjusted trial balance to prepare (a) the income statement for the year ended December 31, 2017; (b) the statement of owner's equity for the year ended December 31, 2017; and (c) the balance sheet as of December 31, 2017.
2. Compute the profit margin for year 2017 (use total revenues as the denominator).

Conklin Services prepares financial statements only once per year using an annual accounting period ending on December 31. Each of the following statements describes an entry made by Conklin on December 31 of a recent year.

a. On December 31, Conklin completed a service agreement for Pizza Planet and recorded the related revenue. The job started in August.

b. Conklin provides weekly service visits to the local C.J. Nickel department store to check and maintain various pieces of computer printing equipment. On December 31, Conklin recorded revenue for the visits completed during December. The cash will not be received until January.

c. Conklin’s salaried employees are paid on the last day of every month. On December 31, Conklin recorded the payment of December salaries.

d. Conklin’s hourly wage employees are paid every Friday. On December 31, Conklin recorded as payable the wages for the first three working days of the week in which the year ended.

e. On December 31, Conklin recorded the receipt of a shipment of office supplies from Office Supplies Inc. to be paid for in January.

f. On December 31, Conklin recorded the estimated use of supplies for the year. The supplies were purchased for cash earlier in the year.

g. Early in December, Conklin was paid in advance by Parker Enterprises for 2 months of weekly service visits. Conklin recorded the advance payment as a liability. On December 31, Conklin recorded revenue for the service visits to Parker Enterprises that were completed during December.

h. On December 31, Conklin recorded depreciation expense on office equipment for the year.

Required:

Indicate whether each entry is an adjusting entry or a regular journal entry, and, if it is an adjusting entry, identify it as one of the following types: (1) revenue recognized before collection of cash, (2) expense recognized before payment of cash, (3) revenue recognized after collection of cash, or (4) expense recognized after payment of cash.

Determine which value best approximates the area of the region between the x-axis and the graph of the function over the given interval. (Make your selection on the basis of a sketch of the region and not by performing calculations.)
$f(x)=\sin \dfrac{\pi x}{4},[0,4]$ \

$$-2$$

Write each algebraic identity (true statement) as a complete English sentence without using the names of the variables. For instance, $z(x+y)=z x+z y$ can be stated as "The multiple of a sum is the sum of the multiples."

$$|s t|=|s| \cdot|t|$$

Use a graphing calculator or computer to determine if $[-50,50]$ by $[-50,50]$ produces the most appropriate graph of the function $f(x)=x^4-16 x^2+20$.

McPherson Furniture Company started construction of a combination office and warehouse building for its own use at an estimated cost of $5,000,000 on January 1, 2012. McPherson expected to complete the building by December 31, 2012. McPherson has the following debt obligations outstanding during the construction period.

$$\begin{array}{lr} \text{Construction loan - 12\\\% interest, payable semiannually, issued}\\ \text{$\quad$December 31, 2011} & \$2,000,000\\ \text{Short-term loan - 10\\\% interest, payable monthly, and principal}\\ \text{$\quad$payable at maturity on May 30, 2013} & \text{1,600,000}\\ \text{Long-term loan - 11\\\% interest, payable on January 1 of each}\\ \text{$\quad$year; principal payable on January 1, 2016} & \text{1,000,000}\\ \end{array}$$

Required

(Carry all computations to two decimal places.)

(a) Assume that McPherson completed the office and warehouse building on December 31, 2012, as planned at a total cost of $5,200,000, and the weighted average of accumulated expenditures was$3,800,000. Compute the avoidable interest on this project.

(b) Compute the depreciation expense for the year ended December 31, 2013. McPherson elected to depreciate the building on a straight-line basis and determined that the asset has a useful life of 30 years and a salvage value of $300,000.

Determine which value best approximates the area of the region between the x-axis and the function $f(x)=\frac{1}{\sqrt{1-x^2}}$ over the interval $[-0.5,0.5]$. (Make your selection on the basis of a sketch of the region and not by performing any calculations.) \

$$-3$$

Without actually performing the operations, dfind mentally the coefficient of the $x^2$-term in the simplified form of

$$\left(-4 x^2+2 x-3\right)-\left(-2 x^2+x-1\right)+\left(-8 x^2+3 x-4\right)$$