Malnick's Tailors uses the following accounts.

Cash
Accounts Receivable-Unique Uniforms
Supplies
Prepaid Insurance
Accounts Payable-Master Supplies
Misha Malnick, Capital
Misha Malnick, Drawing
Sales
Rent Expense
Utilities Expense

Transactions:

Sept. 1. Received cash from owner as an investment, $8,000.00. R1.
      2. Paid cash for insurance,$2,500.00. C1.
      3. Bought supplies on account from Master Supplies, $2,000.00. M1.
      4. Paid cash for supplies,$1,500.00. C2.
      8. Paid cash on account to Master Supplies, $2,000.00. C3.
      9. Paid cash for rent,$1,000.00. C4.
     12. Received cash from sales, $1,800.00. T12.
     15. Sold services on account to Unique Uniforms,$400.00. S1.
     16. Paid cash for telephone bill, $120.00. CS.
     22. Received cash on account from Unique Uniforms,$400.00. R2.
     25. Paid cash to owner as withdrawal of equity, $1,000.00. C6.

Instructions:

The journal for Malnick's Tailors is given in the Working Papers.

1. Use page 1 of the journal to journalize the transactions. Source documents are abbreviated as follows: check, C; memorandum, M; receipt, R; sales invoice, S; calculator tape, T.

Many observational studies conclude that low-fat diets protect against cancer and cardiovascular "events" (heart attacks, stroke, and so forth). Experimental results, however, are generally negative. In 2006, the Women's Health Initiative (WHI) published its results. This was a large-scale randomized trial on women who had reached menopause. As one part of the study, 48,835 women were randomized: 19,541 were assigned to the treatment group and put on a low-fat diet. The other 29,294 women were assigned to the control group and ate as they normally would. Subjects were followed for 8 years. Among other things, the investigators found that 1,357 women on the low-fat diet experienced at least one cardiovascular event, compared to 2,088 in the control group. can the difference between the two groups be explained by chance? What do you conclude about the effect of the low-fat diet?

Hannah Gilpin is the controller of Blakemore Auto Glass, a division of Eastern Glass and Window. Blakemore replaces and installs windshields. Her division has been under pressure to improve its divisional operating income. Currently, divisions of Eastern Glass are allocated corporate overhead based on cost of goods sold. Jake Myers, the president of the division, has asked Gilpin to reclassify $50,000 of installation labor, which is included in cost of goods sold, as administrative labor, which is not. Doing so will save the division$20,000 in allocated corporate overhead. The labor costs in question involve installation labor provided by trainee employees. Myers argues, “the trainees are not as efficient as regular employees so this is unfairly inflating our cost of goods sold. This is really a cost of training (administrative labor) not part of cost of goods sold.” Gilpin does not see a reason for reclassification of the costs, other than to avoid overhead allocation costs. 1. Describe Gilpin’s ethical dilemma. 2. What should Gilpin do if Myers gives her a direct order to reclassify the costs?

Biological tissues are typically made up of 98% water. Given that the density of water is $1.0 \times 10^{3} \mathrm{kg} / \mathrm{m}^{3}$, estimate the mass of (a) the heart of an adult human; (b) a cell with a diameter of $0.5 \mu \mathrm{m}$; (c) a honeybee.

$$\begin{array}{c c} \small\text{A MONEY MANAGER FOR} \underline{\textbf{ Nancy and Joe Thomas}} & \small\text{DATE} \underline{\textbf{ 7/20/--}}\\[10pt] \text{Monthly Living Expenses} & \text{Monthly Fixed Expenses} \hspace{50pt}\\ \end{array}$$

$$\begin{array}{l r |l r} \hline \text{Food/Grocery Bill} & \$210.00 & \text{Rent/Mortgage Payment} & \$715.20\\ \text{Household Expenses} & & \text{Car Payment} & \underline{\$~~~~~~~~~~~}\\ ~~~\text{Electricity} & \$~~55.65 & \text{Other Installments}\\ ~~~\text{Heating Fuel} & \$~~63.75 & ~~~\text{Appliances} & \$~~57.75\\ ~~~\text{Telephone} & \$~~21.47 & ~~~\text{Furniture} & \$110.80\\ ~~~\text{Water} & \$~~31.80 & \text{Regular Savings} & \$~~75.00\\ ~~~\text{Garbage/Sewer Fee} & \$~~17.21 & \text{Emergency Fund} & \$~~50.00\\ ~~~\text{Other} \underline{\text{ Security}} & \$~~25.00 & \text{TOTAL} & \underline{\$~~~~~~~~~~~}\\ ~~~ \underline{\text{~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}}& \underline{\$~~~~~~~~~~~} & \\[10pt] \text{Transportation} & & \textbf{ANNUAL EXPENSES} \\ ~~~\text{Gasoline/Oil} & \$~~60.00 & \text{Life Insurance} & \$480.00\\ ~~~\text{Parking} & \$~~35.00 & \text{Home Insurance} & \$180.00\\ ~~~\text{Tolls} & \$~~12.00 & \text{Car Insurance} & \$475.00\\ ~~~\text{Commuting} & \$~~20.00 & \text{Real Estate Taxes} & \$1200.00\\ ~~~\text{Other} \underline{\text{ Misc.}} & \$~~35.00 & \text{Car Registration} & \$~~26.50\\ & & \text{Pledges/Contributions} & \$360.00\\ \text{Personal Spending}& & ~~~\text{Other}\underline{\text{~~~~~~~~~~~~~~~~~}} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Clothing} & \$100.00& \text{TOTAL} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Credit Payments} & \$~~25.00 & \text{MONTHLY SHARE} & \\ ~~~ \text{Newspapers. Gifts, Etc.} & \$~~16.75 & \text{(Divided by 12)} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Pocket Money} & \$~~32.00 \\[10pt] \text{Entertainment} & & \textbf{MONTHLY BALANCE SHEET}\\ ~~~ \text{Movies/Theater} & \$~~20.00 & \text{Net Income} & \\ ~~~ \text{Sporting Events} & \$~~20.00 & \text{(Total Budget)} & \$1800.00\\ ~~~ \text{Recreation} & \$~~15.00 & ~~~\text{Living Expenses} & \underline{\$~~~~~~~~~~~~~}\\ ~~~ \text{Dining Out} & \$~~32.00 & ~~~\text{Fixed Expenses} & \underline{\$~~~~~~~~~~~~~}\\ \text{TOTAL} & \underline{\$~~~~~~~~~~~} & ~~~\text{Annual Expenses} & \underline{\$~~~~~~~~~~~~~}\\ & & \text{TOTAL MONTHLY} \\ & & ~~~\text{EXPENSES} & \underline{\$~~~~~~~~~~~~~}\\ & & ~~~\text{BALANCE} & \underline{\$~~~~~~~~~~~~~}\\ \end{array}$$

What individual expenses would be difficult for the Thomases to cut back on?

The following items and amounts were taken from Motte Inc.’s 2014 income statement and balance sheet.

______ Cash                        $ 84,700
______ Retained earnings            123,192 
______ Cost of goods sold           438,458 
______ Salaries and wages expense   115,131 
______ Prepaid insurance              7,818 
______ Inventory                     64,618 
______ Accounts receivable           88,419
______ Sales revenue                584,951
______ Notes payable                  6,499
______ Accounts payable              49,384
______ Service revenue                4,806
______ Interest expense               1,882

Instructions (a) In each, case, identify on the blank line whether the item is an asset (A), liability (L), stockholder’s equity (SE), revenue (R), or expense (E) item.

Plug Corporation purchased $100,000 par value bonds of its subsidiary, Spark Company, on December 31, 20X5, from Lemon Corporation for$102,800. The 10-year bonds bear a 9 percent coupon rate, and Spark originally sold them on January 1, 20X3, to Lemon at 95. Interest is paid annually on December 31. Plug owns 85 percent of the stock of Spark.

In preparing the consolidation worksheet at December 31, 20X6, Plug's controller made the following entry to eliminate the effects of the inter-corporate bond ownership:

$$\begin{array}{lrr} \text{Bonds Payable} & 100,000 \\ \text{Interest Income} & 8,691 \\ \text{Retained Earnings, January 1} & 5,741 \\ \text{Non-controlling Interest} & 1,013 \\ \text{$\quad$Investment in Spark Company Bonds} & & 102,491 \\ \text{$\quad$Discount on Bonds Payable} & & 3,535 \\ \text{$\quad$Interest Expense} & & 9,419 \\ \end{array}$$

Required

Prepare the consolidation entry to remove the effects of the inter-corporate bond ownership in completing a three-part consolidation worksheet at December 31, 20X5.

Studies conducted by the manufacturer of Boston and Vermont asphalt shingles have shown product weight to be a major factor in the customer's perception of quality. Moreover, the weight represents the amount of raw materials being used and is therefore very important to the company from a cost standpoint. The last stage of the assembly line packages the shingles before the packages are placed on wooden pallets. Once a pallet is full (a pallet for most brands holds 16 squares of shingles), it is weighed, and the measurement is recorded. The file Pallet contains the weight (in pounds) from a sample of 368 pallets of Boston shingles and 330 pallets of Vermont shingles.

a. For the Boston shingles, is there evidence at the 0.05 level of significance that the population mean weight is different from 3,150 pounds?

b. Interpret the meaning of the p -value in (a).

c. For the Vermont shingles, is there evidence at the 0.05 level of significance that the population mean weight is different from 3,700 pounds?

d. Interpret the meaning of the p -value in (c).

e. In (a) through (d), do you have to be concerned with the normality assumption? Explain.

$$\begin{array}{c c} \small\text{A MONEY MANAGER FOR} \underline{\textbf{ Nancy and Joe Thomas}} & \small\text{DATE} \underline{\textbf{ 7/20/--}}\\[10pt] \text{Monthly Living Expenses} & \text{Monthly Fixed Expenses} \hspace{50pt}\\ \end{array}$$

$$\begin{array}{l r |l r} \hline \text{Food/Grocery Bill} & \$210.00 & \text{Rent/Mortgage Payment} & \$715.20\\ \text{Household Expenses} & & \text{Car Payment} & \underline{\$~~~~~~~~~~~}\\ ~~~\text{Electricity} & \$~~55.65 & \text{Other Installments}\\ ~~~\text{Heating Fuel} & \$~~63.75 & ~~~\text{Appliances} & \$~~57.75\\ ~~~\text{Telephone} & \$~~21.47 & ~~~\text{Furniture} & \$110.80\\ ~~~\text{Water} & \$~~31.80 & \text{Regular Savings} & \$~~75.00\\ ~~~\text{Garbage/Sewer Fee} & \$~~17.21 & \text{Emergency Fund} & \$~~50.00\\ ~~~\text{Other} \underline{\text{ Security}} & \$~~25.00 & \text{TOTAL} & \underline{\$~~~~~~~~~~~}\\ ~~~ \underline{\text{~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}}& \underline{\$~~~~~~~~~~~} & \\[10pt] \text{Transportation} & & \textbf{ANNUAL EXPENSES} \\ ~~~\text{Gasoline/Oil} & \$~~60.00 & \text{Life Insurance} & \$480.00\\ ~~~\text{Parking} & \$~~35.00 & \text{Home Insurance} & \$180.00\\ ~~~\text{Tolls} & \$~~12.00 & \text{Car Insurance} & \$475.00\\ ~~~\text{Commuting} & \$~~20.00 & \text{Real Estate Taxes} & \$1200.00\\ ~~~\text{Other} \underline{\text{ Misc.}} & \$~~35.00 & \text{Car Registration} & \$~~26.50\\ & & \text{Pledges/Contributions} & \$360.00\\ \text{Personal Spending}& & ~~~\text{Other}\underline{\text{~~~~~~~~~~~~~~~~~}} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Clothing} & \$100.00& \text{TOTAL} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Credit Payments} & \$~~25.00 & \text{MONTHLY SHARE} & \\ ~~~ \text{Newspapers. Gifts, Etc.} & \$~~16.75 & \text{(Divided by 12)} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Pocket Money} & \$~~32.00 \\[10pt] \text{Entertainment} & & \textbf{MONTHLY BALANCE SHEET}\\ ~~~ \text{Movies/Theater} & \$~~20.00 & \text{Net Income} & \\ ~~~ \text{Sporting Events} & \$~~20.00 & \text{(Total Budget)} & \$1800.00\\ ~~~ \text{Recreation} & \$~~15.00 & ~~~\text{Living Expenses} & \underline{\$~~~~~~~~~~~~~}\\ ~~~ \text{Dining Out} & \$~~32.00 & ~~~\text{Fixed Expenses} & \underline{\$~~~~~~~~~~~~~}\\ \text{TOTAL} & \underline{\$~~~~~~~~~~~} & ~~~\text{Annual Expenses} & \underline{\$~~~~~~~~~~~~~}\\ & & \text{TOTAL MONTHLY} \\ & & ~~~\text{EXPENSES} & \underline{\$~~~~~~~~~~~~~}\\ & & ~~~\text{BALANCE} & \underline{\$~~~~~~~~~~~~~}\\ \end{array}$$

What is the total of their monthly living expenses?

A typical chemical bond in a biological molecule has a strength of a few $\mathrm{eV}$ - let's say $4 \mathrm{eV}$ to be specific. (a) Can low-intensity microwave radiation with wavelength $1 \mathrm{~cm}$ break a bond, thus causing a mutation in a DNA molecule? (Very high-intensity microwave radiation, such as is found inside a microwave oven, will heat biological tissue, thus causing burn damage.) (b) What is the minimum wavelength necessary for a photon to be able to break a 4-eV chemical bond? (c) What type of photon has this minimum wavelength? (Blue? IR? etc.)

$$\begin{matrix} \text{Estimated uncollectible accounts based} & \text{}\\ \text{on aging accounts receivable} & \text{\$ 3,697.32}\\ \text{Accrued interest income} & \text{137.50}\\ \text{Merchandise inventory} & \text{45,058.15}\\ \text{Supplies inventory} & \text{126.00}\\ \text{Jalue of prepaid insurance} & \text{1,535.80}\\ \text{Annual depreciation expense- equipment} & \text{2,250.00}\\ \text{Accrued interest expense} & \text{277.58}\\ \text{Prepaid rent income earned} & \text{1,000.00}\\ \end{matrix}$$

Record all T account balances, except for Federal Income Tax Expense, on an adjusted trial balance.

$$\begin{array}{c c} \small\text{A MONEY MANAGER FOR} \underline{\textbf{ Nancy and Joe Thomas}} & \small\text{DATE} \underline{\textbf{ 7/20/--}}\\[10pt] \text{Monthly Living Expenses} & \text{Monthly Fixed Expenses} \hspace{50pt}\\ \end{array}$$

$$\begin{array}{l r |l r} \hline \text{Food/Grocery Bill} & \$210.00 & \text{Rent/Mortgage Payment} & \$715.20\\ \text{Household Expenses} & & \text{Car Payment} & \underline{\$~~~~~~~~~~~}\\ ~~~\text{Electricity} & \$~~55.65 & \text{Other Installments}\\ ~~~\text{Heating Fuel} & \$~~63.75 & ~~~\text{Appliances} & \$~~57.75\\ ~~~\text{Telephone} & \$~~21.47 & ~~~\text{Furniture} & \$110.80\\ ~~~\text{Water} & \$~~31.80 & \text{Regular Savings} & \$~~75.00\\ ~~~\text{Garbage/Sewer Fee} & \$~~17.21 & \text{Emergency Fund} & \$~~50.00\\ ~~~\text{Other} \underline{\text{ Security}} & \$~~25.00 & \text{TOTAL} & \underline{\$~~~~~~~~~~~}\\ ~~~ \underline{\text{~~~~~~~~~~~~~~~~~~~~~~~~~~~~~}}& \underline{\$~~~~~~~~~~~} & \\[10pt] \text{Transportation} & & \textbf{ANNUAL EXPENSES} \\ ~~~\text{Gasoline/Oil} & \$~~60.00 & \text{Life Insurance} & \$480.00\\ ~~~\text{Parking} & \$~~35.00 & \text{Home Insurance} & \$180.00\\ ~~~\text{Tolls} & \$~~12.00 & \text{Car Insurance} & \$475.00\\ ~~~\text{Commuting} & \$~~20.00 & \text{Real Estate Taxes} & \$1200.00\\ ~~~\text{Other} \underline{\text{ Misc.}} & \$~~35.00 & \text{Car Registration} & \$~~26.50\\ & & \text{Pledges/Contributions} & \$360.00\\ \text{Personal Spending}& & ~~~\text{Other}\underline{\text{~~~~~~~~~~~~~~~~~}} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Clothing} & \$100.00& \text{TOTAL} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Credit Payments} & \$~~25.00 & \text{MONTHLY SHARE} & \\ ~~~ \text{Newspapers. Gifts, Etc.} & \$~~16.75 & \text{(Divided by 12)} & \underline{\$~~~~~~~~~~~}\\ ~~~ \text{Pocket Money} & \$~~32.00 \\[10pt] \text{Entertainment} & & \textbf{MONTHLY BALANCE SHEET}\\ ~~~ \text{Movies/Theater} & \$~~20.00 & \text{Net Income} & \\ ~~~ \text{Sporting Events} & \$~~20.00 & \text{(Total Budget)} & \$1800.00\\ ~~~ \text{Recreation} & \$~~15.00 & ~~~\text{Living Expenses} & \underline{\$~~~~~~~~~~~~~}\\ ~~~ \text{Dining Out} & \$~~32.00 & ~~~\text{Fixed Expenses} & \underline{\$~~~~~~~~~~~~~}\\ \text{TOTAL} & \underline{\$~~~~~~~~~~~} & ~~~\text{Annual Expenses} & \underline{\$~~~~~~~~~~~~~}\\ & & \text{TOTAL MONTHLY} \\ & & ~~~\text{EXPENSES} & \underline{\$~~~~~~~~~~~~~}\\ & & ~~~\text{BALANCE} & \underline{\$~~~~~~~~~~~~~}\\ \end{array}$$

What must be set aside each month for annual expenses?

T.B. is a $65$-year-old retiree who is admitted to your unit from the emergency department (ED). On arrival, you note that he is trembling and nearly doubled over with severe abdominal pain. T.B. indicates that he has severe pain in the right upper quadrant (RUQ) of his abdomen that radiates through to his mid-back as a deep, sharp, boring pain. He is more comfortable walking or sitting bent forward rather than lying flat in bed. He admits to having had several similar bouts of abdominal pain in the last month, but "none as bad as this." He feels nauseated but has not vomited, although he did vomit a week ago with a similar episode. T.B. experienced an acute onset of pain after eating fish and chips at a fast-food restaurant earlier today. He is not happy to be in the hospital and is grumpy that his daughter insisted on taking him to the ED for evaluation.

After orienting him to the room, you perform your physical assessment. The findings are as follows: He is awake, alert, and oriented $\times 3$, and he moves all extremities well. He is restless, is constantly shifting his position, and complains of fatigue. Breath sounds are clear to auscultation. Heart sounds are clear and crisp, with no murmur or rub noted and with a regular rate and rhythm. Abdomen is flat, slightly rigid, and very tender to palpation throughout, especially in the RUQ; bowel sounds are present. He reports having light-colored stools for $1$ week. The patient voids dark amber urine but denies dysuria. Skin and sclera are jaundiced. Admission vital signs are BP $164/100$, pulse of $132$ beats $/ \mathrm{min}$, respiration $26$ breaths/min, temperature of $100^{\circ} \mathrm{F}\left(37.8^{\circ} \mathrm{C}\right), \mathrm{Spo}_2 96 \%$ on $2 \mathrm{~L}$ of oxygen by nasal cannula.

What discharge teaching does T.B. need?

In the financial pages of a newspaper, one can sometimes find a table (or matrix) listing the exchange rates between currencies. In this exercise we will consider a miniature version of such a table, involving only the Canadian dollar $(C$)$and the South African Rand$(ZAR)$. Consider the matrix$

$$A=\begin{bmatrix} 1&1/8\\ 8&1 \end{bmatrix}$$

$representing the fact that$C$1$ is worth $ZAR8$ (as of September $2012$). a. After a trip you have $C$100$and$ZAR1,600$in your pocket. We represent these two values in the vector$

$$\vec{x} =\begin{bmatrix} 100\\ 1600 \end{bmatrix}$$

$.Compute$A$\vec{x}. What is the practical significance of the two components of the vector$ $A\vec{x}?$ $b. Verify that matrix$A$fails to be invertible. For which vectors$$\vec{b} is the system$A$\vec{x}$ = $\vec{b}$?$consistent? What is the practical significance of your answer? If the system$A$\vec{x}$ = $\vec{b}$?$is consistent, how many solutions$$$\vec{x}$ are there? Again, what is the practical significance of the answer?