In the following sentences, cross out each verb that is in the wrong tense or that is in an awkward passive voice. Then, write a revision on the line provided. If a sentence is already correct, write C on the line.

Example 1. Although United States voters have never elected a female president, many women ${\sout{\text{had risen}}}$ to high government positions.

$$\underline{\color{#c34632}\text{Although United States voters have never elected a female president, many women have risen to high government positions.}}$$

Ms. Ortega, in recognition of her professional abilities, was nominated by President Reagan to be Treasurer of the United States. ________________________________________________________________________

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Assume that the horsepower of the engine in the original 1932 Fiat Balillo (was $40 \mathrm{bhp}$ (brake horsepower) and that the maximum speed at sea level was $60 \mathrm{mph}$. Also, assume that the projected area of the automobile is $30 \mathrm{ft}^2$. Assume that the automobile is now fitted with a modern 220 bhp motor with a weight equal to the weight of the original motor; thus the rolling resistance is unchanged. What is the maximum speed of the "souped up" Balillo at sea level?

Use your scientific notation answers from Exercises $122$ and $123$ to answer this question: If the cost of grants to states for education was evenly divided among every individual in the United States, how much would each citizen have to pay?

Change the underlined nouns in these sentences so that they refer to life in a wealthy modern city instead of life in a rural town.

Example: Original Their furniture includes two $\underline{\text{stools}}$ and a $\underline{\text{table}}$ covered with $\underline{\text{oilcloth.}}$ Rewritten Their furniture includes two armchairs and a $\underline{\text{sofa}}$ covered with $\underline{\text{velvet.}}$

Berl wears $\underline{\text{boots}}$ and a $\underline{\text{jacket}}$ made of $\underline{\text{cotton.}}$

In what ways do primary elections contribute to the rise of partisanship in U.S. politics?

For each of the users of accounting information, identify whether the user is an external decision maker (E) or an internal decision maker (I):

• a. customer
• b. company manager
• c. Internal Revenue Service
• d. lender
• e. investor
• f. controller
• g. cost accountant
• h. SEC

Shannon, Inc., changed from the LIFO cost flow assumption to the FIFO cost flow assumption in 2020. The increase in the prior year's income before taxes is $1,200,000. The tax rate is 20%. Prepare Shannon's 2020 journal entry to record the change in accounting principle.

A researcher wishes to compare the prices for randomly selected prescription drugs in the United States with those in Canada. The same drugs and dosages were compared in each country. At $\alpha=0.05$, can it be concluded that the drugs in Canada are cheaper?

Use the Wilcoxon signed-rank test to test each hypothesis.

Turtle Creek Kennel earns service revenue by caring for the pets of customers. Turtle Creek’s main expense is the salary paid to an employee. Requirement

1. Write the accounting equation for the following transactions: d. Received utility bill of $65, which will be paid next month.

A machine costs $700,000 and is expected to yield an after-tax net income of$52,000 each year. Management predicts this machine has a 10-year service life and a $100,000 salvage value, and it uses straight-line depreciation. Compute for this machine’s accounting rate of return.

According to the "big-bang" hypothesis, the universe was formed approximately $10^{10}$ years ago. The analogy of a 24-hour day is often used to put the passage of this amount of time into perspective. Imagine that the universe was formed at midnight 24 hours ago and answer the following questions.

Intensive agriculture and the growth of modern civilization may have begun as early as 10,000 years ago. To what time of the 24-hour day does this correspond?

Solve. See the mentioned example.

Modern Car Company has come out with a new car model. Market analysts predict that $4000$ cars will be sold in the first month and that salep will drop by $50$ cars per month after that during the first year. Write out the first five terms of the sequence and find the number of sold cars predicted for the twelfth month. Find the total predicted number of sold cars for the first year.

Cars currently sold in the United States have an average of 135 horsepower, with a standard deviation of 40 horsepower. What's the z-score for a car with 195 horsepower?

An accountant made the following adjustments at December 31, the end of the accounting period:

d. Depreciation on building, $5,600.

Requirements

1. Journalize the adjusting entries.
2. Suppose the adjustments were not made. Calculate the overall overstatement or understatement of net income resulting from the omission of these adjustments.