For various reasons a corporation may issue warrants to purchase shares of its common stock at specified prices that, depending on the circumstances, may be less than, equal to, or greater than the current market price. For example, warrants may be issued:

1. To existing stockholders on a pro-rata basis.

2. To certain key employees under an incentive stock-option plan.

3. To purchasers of the corporation's bonds.

Instructions

For each of the three examples of how stock warrants are used:

a. Explain why they are used.

b. Discuss the significance of the price (or prices) at which the warrants are issued (or granted) in relation to (1) the current market price of the company's stock, and (2) the length of time over which they can be exercised.

c. Describe the information that should be disclosed in financial statements, or notes thereto, that are prepared when stock warrants are outstanding in the hands of the three groups listed above.

A demonstration gyroscope wheel is constructed by removing the tire from a bicycle wheel 0.650 m in diameter, wrapping lead wire around the rim, and taping it in place. The shaft projects 0.200 m at each side of the wheel, and a woman holds the ends of the shaft in her hands. The mass of the system is 8.00 kg; its entire mass may be assumed to be located at its rim. The shaft is horizontal, and the wheel is spinning about the shaft at 5.00 rev/s. Find the magnitude and direction of the force each hand exerts on the shaft (a) when the shaft is at rest; (b) when the shaft is rotating in a horizontal plane about its center at 0.050 rev/s; (c) when the shaft is rotating in a horizontal plane about its center at 0.300 rev/s. (d) At what rate must the shaft rotate in order that it may be supported at one end only?

Two different creams are used to treat subjects with poison ivy irritation on both hands. Each subject is given a treatment of Ivy Ease on one hand while their other hand is treated with a placebo. The sample results are summarized in the table below. Use a 0.05 significance level to test the null hypothesis that the following two proportions are the same: (1) the proportion of subjects with relief on the hand treated with Ivy Ease and no relief on the hand treated with a placebo; (2) the proportion of subjects with no relief on the hand treated with Ivy Ease and relief on the hand treated with a placebo. Does the Ivy Ease treatment appear to be effective?

$$\begin{matrix} & \text{Treatment with Ivy Ease} & \text{Relief} & \text{No Relief}\\ \text{Placebo} & \text{Relief} & \text{12} & \text{8}\\ & \text{No relief} & \text{32} & \text{19}\\ \end{matrix}$$

Smith, Inc., has the following stockholders’ equity accounts as of January 1, 2021:

Haried Company purchases all of Smith’s common stock on January 1, 2021, for$14,040,000. The preferred stock remains in the hands of outside parties. Any excess acquisition-date fair value will be assigned to franchise contracts with a 40-year remaining life.
 During 2021, Smith reports earning $450,000 in net income and declares$360,000 in cash dividends. Haried applies the equity method to this investment.

a. What is the noncontrolling interest’s share of consolidated net income for this period?
b. What is the balance in the Investment in Smith account as of December 31, 2021?
c. What consolidation entries are needed for 2021?

Your 70-kg friend always thinks he can dominate you in contests of strength because, even though you are a very athletic gymnast, your inertia is 63 kg. This time, while the gym class watches, he has attached a pulley to the ceiling of the gym, passed a rope over it, and tied one end of the rope around his waist. He hands you the other end of the rope, which is not quite long enough to reach the floor, and bets you that you cannot lift him off the ground by pulling on the rope. You realize that gravitational forces will favor your friend if the two of you are hanging on opposite sides of the pulley, but then you recall your amazing arm strength gained from years of work on gymnastic apparatus.

From the list below, supply the words needed to complete the paragraph. Some words will not be used. paean, aphorism, impermeable, affliction, palpable, lax, daub. Justin began to have second thoughts about his summer job when the temperature rose to ninety degrees. For the third day in a row, he stood on a flimsy ladder and _____ maroon paint onto the side of Mrs. Bailey's house. He wore no gloves today; yesterday, he discovered that the cheap cotton painter's gloves were not _____ when he removed them and found his hands stained maroon. To make matters worse, Mrs. Bailey frequently came outside to ensure that Justin hadn't become _____ on the job. The old _____, "time flies when you're having fun," couldn't have been more applicable to Justin, because each ten-hour day of painting felt like an eternity. If hard work builds character, thought Justin, then he should have a[n] _____ amount of character after this job.

On a trip to St. Louis, you visit the Gateway Arch. Since you have plenty of time on your hands, you decide to estimate its altitude. You set up a Cartesian coordinate system with one end of the arch at the origin. The other end of the arch is at $x=162$ meters. To find a third point on the arch, you measure a value of $y=4.55$ meters when $x=1 \mathrm{me}-$ ter. You assume that the arch is parabolic.
a. Find the particular equation of the underside of the arch.
b. What is the $x$-coordinate of the vertex? By substituting this number into the equation, predict the height of the arch.
c. An airplane with a wingspan of 40 meters tries to fly through the arch at an altitude of 170 meters. Could the plane possibly make it? Justify your answer.

A survey was done of men’s and women’s hands to see if the ring finger appeared longer than the index finger or not. Yes means the ring finger is longer, and No means the ring finger appears shorter or the same length as the index finger. The students in this survey were not told the theory that men are more likely to have a longer ring finger than women due to more testosterone.

a. What percentage of the men said Yes?
b. What percentage of the women said Yes?
c. What percentage of the people who said Yes were men?
d. If a large group of $250$ men had the same rate of responses as the men in this sample, how many men of the $250$ would say yes?

Portable hot packs are available for skiers and people engaged in other outdoor activities in a cold climate. The air-permeable paper packet contains a mixture of powdered iron, sodium chloride, and other components, all moistened by a little water. The exothermic reaction that produces the heat (the rusting of iron) is

$$4 \mathrm{Fe}(\mathrm{s})+3 \mathrm{O}_2(\mathrm{~g}) \longrightarrow 2 \mathrm{Fe}_2 \mathrm{O}_3(s)$$

When the outside plastic envelope is removed, $\mathrm{O}_2$ molecules penetrate the paper, causing the reaction to begin. A typical packet contains $250 \mathrm{~g}$ of iron to warm your hands or feet for up to 4 hours. How much heat (in $\mathrm{kJ}$ ) is produced by this reaction? (Hint: See Appendix 2 for $\Delta H_{\mathrm{f}}$ values.)

You are: a Certified Medical Assistant working with Susan Lee, MD, a primary care physician at Fulwood Medical Center.

Your patient is: Mrs. Helen Schreiber, a 45-year-old high school principal. Your task is to document her care.

Documentation.

Mrs. Helen Schreiber, a 45-year-old high school principal, presents with a 6-month history of dry mouth, bleeding gums, and difficulty in chewing and swallowing food.

Questioning by Dr. Susan Lee, her primary care physician, reveals that she also has dry eyes, is having pain in some joints of both hands, and has felt fatigued. Her previous medical history is uneventful. Physical examination shows a dry mouth, mild gingivitis, and an ulcer on the back of the lower lip. Her salivary glands are not swollen. Her eyes show no ulceration or conjunctivitis. The metacarpophalangeal joints of both index fingers are swollen, stiff, and tender. All other systems show no abnormality.

Initial laboratory reports show anemia, decreased WBC count, and an elevated ESR. Dr. Lee made a provisional diagnosis of Sjogren syndrome. The results of blood studies for SSA and SSB antibodies (Sjögren syndrome antibodies A and B) and for rheumatoid factor titers are pending, as are $x$-rays of her hands. Mrs. Schreiber was given advice about symptomatic treatment for her dry mouth and will be seen again in 1 week. Luisa Guitterez, CMA 06/12/12, 1530 hrs.

Based on the above case report, answer the following question.

What are Mrs. Schreiber's presenting symptoms? $\rule{7cm}{0.15mm}$

$\rule{10cm}{0.15mm}$.

You are: a Certified Medical Assistant working with Susan Lee, MD, a primary care physician at Fulwood Medical Center.

Your patient is: Mrs. Helen Schreiber, a 45-year-old high school principal. Your task is to document her care.

Documentation.

Mrs. Helen Schreiber, a 45-year-old high school principal, presents with a 6-month history of dry mouth, bleeding gums, and difficulty in chewing and swallowing food.

Questioning by Dr. Susan Lee, her primary care physician, reveals that she also has dry eyes, is having pain in some joints of both hands, and has felt fatigued. Her previous medical history is uneventful. Physical examination shows a dry mouth, mild gingivitis, and an ulcer on the back of the lower lip. Her salivary glands are not swollen. Her eyes show no ulceration or conjunctivitis. The metacarpophalangeal joints of both index fingers are swollen, stiff, and tender. All other systems show no abnormality.

Initial laboratory reports show anemia, decreased WBC count, and an elevated ESR. Dr. Lee made a provisional diagnosis of Sjogren syndrome. The results of blood studies for SSA and SSB antibodies (Sjögren syndrome antibodies A and B) and for rheumatoid factor titers are pending, as are $x$-rays of her hands. Mrs. Schreiber was given advice about symptomatic treatment for her dry mouth and will be seen again in 1 week. Luisa Guitterez, CMA 06/12/12, 1530 hrs.

Based on the above case report, answer the following question.

What other complaints does Dr. Lee discover on further questioning of the patient? $\rule{7cm}{0.15mm}$

$\rule{10cm}{0.15mm}$.

You are: a Certified Medical Assistant working with Susan Lee, MD, a primary care physician at Fulwood Medical Center.

Your patient is: Mrs. Helen Schreiber, a 45-year-old high school principal. Your task is to document her care.

Documentation.

Mrs. Helen Schreiber, a 45-year-old high school principal, presents with a 6-month history of dry mouth, bleeding gums, and difficulty in chewing and swallowing food.

Questioning by Dr. Susan Lee, her primary care physician, reveals that she also has dry eyes, is having pain in some joints of both hands, and has felt fatigued. Her previous medical history is uneventful. Physical examination shows a dry mouth, mild gingivitis, and an ulcer on the back of the lower lip. Her salivary glands are not swollen. Her eyes show no ulceration or conjunctivitis. The metacarpophalangeal joints of both index fingers are swollen, stiff, and tender. All other systems show no abnormality.

Initial laboratory reports show anemia, decreased WBC count, and an elevated ESR. Dr. Lee made a provisional diagnosis of Sjogren syndrome. The results of blood studies for SSA and SSB antibodies (Sjögren syndrome antibodies A and B) and for rheumatoid factor titers are pending, as are $x$-rays of her hands. Mrs. Schreiber was given advice about symptomatic treatment for her dry mouth and will be seen again in 1 week. Luisa Guitterez, CMA 06/12/12, 1530 hrs.

Based on the above case report, answer the following question.

What does Dr. Lee find on physical examination of the patient? $\rule{7cm}{0.15mm}$

$\rule{10cm}{0.15mm}$.

In each of the following sentences, draw a line through the error in comparison. Then, above it, write the correct form. If the error is a missing word, draw a caret ($_\wedge$) where the word should be inserted and then write the word above the caret.

Examples

1. Of the two of you, she is clearly $\overset{\textit{\color{#c34632}{taller}}}{\sout{\text{tallest}}}$.

2. Rhode Island is smaller than $\overset{\textit{\color{#c34632}{other}}}{{\text{any state\ last}}}$.

Your brother is the more handsome senior I know.

Following are forecasts of worldwide annual cell phone handset sales:

$$\begin{matrix} \text{Year x} & \text{3} & \text{5} & \text{7}\\ \text{Sales y (millions)} & \text{500} & \text{600} & \text{800}\\ \end{matrix}$$

(x=3 represents 2003). Complete the following table and obtain the associated regression line. (Round coefficients to 2 decimal places.)

$$\begin{matrix} & \text{} & \text{x} & \text{y} & \text{xy} & \text{}{x^{2}}\\ & \text{} & \text{3} & \text{500} & \text{} & \text{}\\ & \text{} & \text{5} & \text{600} & \text{} & \text{}\\ & \text{} & \text{7} & \text{800} & \text{} & \text{}\\ \text{Totals} & \text{} & \text{} & \text{} & \text{}\\ \end{matrix}$$

Use your regression equation to project the 2008 sales.