Three different organic compounds have the formula $\mathrm { C } _ { 3 } \mathrm { H } _ { 8 } \mathrm { O } .$ Only two of these isomers react with $\mathrm { KMnO } _ { 4 }$ (a strong oxidizing agent). What are the names of the products when these isomers react with excess $\mathrm { KMnO } _ { 4 } ?$

Adjustments for prepaid insurance are made by most companies. Insurance, or risk management, is crucial for owners to protect the business against unexpected loss or damage. In addition to the familiar property, liability, and automobile insurance, many other types of insurance coverage are available for a business.

One example is business interruption insurance. This insurance provides funds to make up for income that is lost due to something that disturbs the normal business operations. For example, a printing press that is struck by lightning might interrupt revenue until it can be repaired.

Another example is professional liability insurance that provides protection against being sued for professional negligence. Malpractice insurance, carried by physicians and other health professionals, is probably the most common professional liability insurance. Professional liabi lity insurance is also used by architects, accountants, teachers, counselors, and other professionals. The rate for professional liability insurance varies by state and by specialty. Malpractice insurance for doctors may cost upwards of $100,000 per year!

2. With a partner, brainstorm at least five different business interruptions that might cause a business to suffer a loss of income.

Which statement about sieve tube elements is not true?

a. Their end walls are called sieve plates.

b. They must die to become functional.

c. They link end-to-end, forming sieve tubes.

d. They form the system for translocation of organic nutrients.

e. They lose the membrane that surrounds their central vacuole.

A Gallup survey indicated that 72% of 18- to 29-year-olds, if given a choice, would prefer to start their own business rather than work for someone else. A random sample of 600 18- to 29-year-olds is obtained today.

Is the variable start own business versus work for someone else qualitative or quantitative?

Peter Gowin was an employee of a granite countertop business owned by Joann Stathis. In November 2015, Gowin signed a promissory note agreeing to pay $\$12,500$ to become a co-owner of the business. The note was dated January 15, 2015—ten months before it was signed—and required Gowin to make installment payments starting in February 2015. Stathis told Gowin not to worry about the note and never requested any payments. Gowin continued to work at the business until 2017, when he quit, claiming that he owned half of the business. Stathis argued that Gowin was not a co-owner because he had never paid the $\$12,500$ into the business. (See Requirements for Negotiability.)

(b) The second group will evaluate the strength of Gowin’s argument. Gowin claimed that, because compliance with the stated dates was impossible, the note effectively did not state a date for its payment. It was thus a demand note under UCC 3–108(a). Gowin further argued that no demand for payment had been made. Therefore, his obligation to pay had not arisen, and the termination of his ownership interest in the granite business was improper.

Assume you are a restaurant owner and are worried about the recent bans on smoking in public places. Will your business lose money if you do not allow smoking in your restaurant? You decide to research this question and find two related articles in regional newspapers. The first article states that randomly selected restaurants in Derry, Pennsylvania, that have completely banned smoking have lost $25 \%$ of their business. In that study, a survey was used and the owners were asked how much business they thought they lost. The survey was conducted by an anonymous group. It was reported in the second article that there had been a modest increase in business among restaurants that banned smoking in that same area. Sales receipts were collected and analyzed against last year's profits. The second survey was conducted by the Restaurants Business Association.

4. Can the results of a sample be representative of a population and still offer misleading information?

The compound having the structure was heated with dilute sulfuric acid to give a product having the molecular formula $\mathrm{C}_{5} \mathrm{H}_{12} \mathrm{O}_{3}$ in 63-71% yield. Propose a reasonable structure for this product. What other organic compound is formed in this reaction?

Augusta Inc. acquired 100% of the outstanding common stock of Dear Corporation in a business combination. Immediately before the business combination, the two businesses had the following balance sheets:

$$\begin{array}{cc} \textbf{Augusta}&\textbf{Dear}\\\hline \begin{array}{lr} \text{Cash}&\$~~3,100\\ \text{Equipment (net)}&\underline{~~~~9,500}\\ \text{Total assets}&\underline{\underline{\$12,600}}\\ \text{Common stock}&\$~~9,100\\ \text{Retained earnings}&\underline{~~~~3,500}\\ \text{Total liabilities \& equity}&\underline{\underline{\$12,600}} \end{array} &\begin{array}{lr} \text{Cash}&\$~~~~180\\ \text{Equipment (net)}&\underline{~~~~~~930}\\ \text{Total assets}&\underline{\underline{\$1,110}}\\ \text{Common stock}&\$~~~~700\\ \text{Retained earnings}&\underline{~~~~~~410}\\ \text{Total liabilities \& equity}&\underline{\underline{\$1,110}} \end{array} \end{array}$$

Augusta agreed to give Dear’s stockholders $1,500 cash in exchange for all their Dear common stock. Dear’s equipment has a fair value of$1,100.

Required:

1. Prepare the entries for Augusta and Dear to record the business combination.

2. Prepare the balance sheet of Augusta immediately after the business combination.

3. Prepare the balance sheet of Dear immediately after the business combination.

4. Calculate the amount of the adjustment to the book value of Dear’s equity and the amount of goodwill.

5. Prepare a consolidated balance sheet immediately after the combination.

The table shows the gross income tax collections (in billions of dollars) by the Internal Revenue Service for individuals x and businesses y for selected years. (Source: U.S. Internal Revenue Service)

$$\begin{array}{|l|c|c|c|c|} \hline \text { Year } & 1980 & 1985 & 1990 & 1995 \\ \hline \text { Individual, } x & 288 & 397 & 540 & 676 \\ \hline \text { Business, } y & 72 & 77 & 110 & 174 \\ \hline \end{array}$$

$$\begin{array}{|l|c|c|c|c|} \hline \text { Year } & 2000 & 2005 & 2010 & 2015 \\ \hline \text { Individual, } x & 1137 & 1108 & 1164 & 1760 \\ \hline \text { Business, } y & 236 & 307 & 278 & 390 \\ \hline \end{array}$$

(a) Use the regression capabilities of a graphing utility to find the least squares regression line for the data. (b) Use the model to estimate the business income taxes collected when the individual income taxes collected is $1300 billion. (c) In 1975, the individual income taxes collected was$156 billion and the business income taxes collected was $46 billion. Describe how including this information would affect the model.

Draw Lewis structures for the following organic molecules: (a) methanol; (b) ethanol; (c) tetraethyllead, which was used in "leaded gasoline"; (d) methylamine, which is used in tanning; (e) mustard gas, a poisonous gas used in World War I; (f) urea, a fertilizer; and (g) glycine, an amino acid.

According to a recent survey by Penn, Shone, and Borland for LastMinute.com, 52% of business travellers schedule their visits less than two weeks in advance. A sample of 12 frequent business travellers will participate in a replication of the study in the tri-state region. Using this, find the mean and the standard deviation of this distribution.

In this exercise, prove the Cross Product Rule.

It is possible to produce very high magnetic fields over small volumes by special techniques. What would be the resonance frequency of an electron spin in an organic radical in a field of 1.0 kT? How does this frequency compare to typical molecular rotational, vibrational, and electronic energy-level separations?

Purposes of an accounting system include all of the following except:

a. Interpret and record the effects of business transactions.

b. Classify the effects of transactions to facilitate the preparation of reports.

c. Summarize and communicate information to decision makers.

d. Dictate the specifi c types of business transactions that the enterprise may engage in.