Use the key terms to complete the following sentence:

Money electronically added to your checking account is called a(n) ____________.

Which of the following is a fraud in which later payments on account are used to pay off earlier payments that were stolen?

a. lapping [Correct.]

b. kiting [Incorrect. In a kiting scheme, the perpetrator creates cash by transferring money between banks.]

c. Ponzi scheme [Incorrect. In a Ponzi scheme, money from new investors is used to pay off earlier investors.]

d. salami technique [Incorrect. The salami technique involves stealing tiny slices of money over a period of time.]

In a particular bank account, money doubles in 10 years. What is the annual interest rate compounded continuously?

Each open sentence defines a relation, and x and y are real numbers. Graph each relation and tell whether it is a function. {(x, y): y=-|x|}

The region between the curve $y=1 /(2 \sqrt{x})$ and the $x$-axis from $x=1 / 4$ to $x=4$ is revolved about the $x$-axis to generate a solid. Find the volume of the solid.

Refer to the results from the 150 subjects given below.

$$\begin{array} {c c c } &{ \text { Spent the Money } } & { \text { Kept the Money } } \\ \hline \text{Women Given a Single 100-Yuan Bill}&60 & { 15 } \\ \hline \text{Women Given 100 Yuan in Smaller Bills}&68 & { 7 } \\ \hline \end{array}$$

Find the probability that if 1 of the 150 subjects is randomly selected, the result is a woman who spent the money or was given a single 100-yuan bill.

Using the data in Table 20.2, estimate the minimum mass of solid that would remain after evaporation of 1.0 L of seawater.

The financial statements at the end of Four Corners Realty’s first month of operations are shown below and on the next page.

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Income Statement}\\ \textbf{For the Month Ended July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrr} \text{Fees earned. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . } && \$239,700\\ \text{Expenses:}\\ \hspace{10pt}\text{Wages expense. . . . . . . . . . . . . . . . . . . . . . . . . . . . } & \$ \hspace{16pt} \left(\text{a}\right)\\ \hspace{10pt}\text{Rent expense. . . . . . . . . . . . . . . . . . . . . . .. . . . . . .} & 24,480\\ \hspace{10pt}\text{Supplies expense.. . . . . . . . . . . . . . . . . . . . . . . . . .} & 20,400\\ \hspace{10pt}\text{Utilities expense.. . . . . . . . . . . . . . . . . . . . . . . . . . } & 13,770\\ \hspace{10pt}\text{Miscellaneous expense. . . . . . . . . . . . . . . . . . . . . .} & \underline{\ \ \ 8,415}\\ \hspace{20pt}\text{Total expenses. . . . . . . . . . . . . . . . . . . . . . . . . .} && \underline{121,890}\\ \text{Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .}&& \underline{\underline{\ \\ \ \ \hspace{15pt}\left(\text{b}\right)}} \end{array}$$

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Statement of Owner’s Equity}\\ \textbf{For the Month Ended July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrr} \text{Jeremy Parks, capital, July $1$, $2010$. . . . . . . . . . . . . . . } && \$ \hspace{16pt} \left(\text{c}\right)\\ \text{Investment on July $1$, $2010$ . . . . . . . . . . . . . . . . . . . . .} & \$ \hspace{20pt} \left(\text{d}\right)\\ \text{Net income for July . . . . . . . . . . . . . . . . . . . . . . . . . . . } & \underline{\hspace{20pt} \left(\text{e}\right)}\\ & \left(\text{f}\right)\\ \text{Less withdrawals . . . . . . . . . . . . . . . . . . . . . . . . . . . . .} & \underline{\hspace{20pt}\left(\text{g}\right)}\\ \text{Increase in owner’s equity . . . . . . . . . . . . . . . . . . . . . .} && \underline{\hspace{20pt}\left(\text{h}\right)}\\ \text{Jeremy Parks, capital, July $31$, $2010$. . . . . . . . . . . . . . } && \underline{\underline{\hspace{22pt}\left(\text{i}\right)}} \end{array}$$

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Balance Sheet}\\ \textbf{July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrclr} \hspace{65pt}\textbf{Assets} &&& \hspace{65pt}\textbf{Liabilities}\\ \text{Cash . . . . . . . . . . . .} & \$150,450 && \text{Accounts payable. . . . . . . . . . . . . .} & \$12,240\\ \text{Supplies. . . . . . . . . .} & 10,200 && \hspace{65pt}\textbf{Owner’s Equity}\\ \text{Land . . . . . . . . . . . .}& \underline{\hspace{27pt}\left(\text{j}\right)} && \text{Jeremy Parks, capital . . . . . . . . . . .} & \underline{\hspace{25pt}\left(\text{l}\right)}\\ \text{Total assets. . . . . . . }& \underline{\underline{\hspace{26pt}\left(\text{k}\right)}} && \text{Total liabilities and owner’s equity.} & \underline{\underline{\hspace{20pt}\left(\text{m}\right)}} \end{array}$$

$$\begin{array}{cl} \textbf{Four Corners Realty}\\ \textbf{Statement of Cash Flows}\\ \textbf{For the Month Ended July}\ \bm{31, 2010}\\ {\textcolor{#4257b2}{\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_}} \end{array}$$

$$\begin{array}{lrr} \text{Cash flows from operating activities:}\\ \hspace{10pt}\text{Cash received from customers. . . . . . . . . . . . . . . . . . . . . . . . . . . .} & \$ \hspace{20pt}\left(\text{n}\right)\\ \hspace{10pt}\text{Deduct cash payments for expenses and payments to creditors. .} & \underline{119,850}\\ \hspace{10pt}\text{Net cash flow from operating activities. . . . . . . . . . . . . . . . . . . . .} && \$ \hspace{20pt}\left(\text{o}\right)\\ \text{Cash flows from investing activities:}\\ \hspace{10pt}\text{Cash payments for acquisition of land. . . . . . . . . . . . . . . . . . . . . .} && \hspace{20pt}\left(367,200\right)\\ \text{Cash flows from financing activities:}\\ \hspace{10pt}\text{Cash received as owner’s investment. . . . . . . . . . . . . . . . . . . . . . .} & 459,000\\ \hspace{10pt}\text{Deduct cash withdrawal by owner. . . . . . . . . . . . . . . . . . . . . . . . .} & \underline{\hspace{5pt}61,200}\\ \hspace{10pt}\text{Net cash flow from financing activities. . . . . . . . . . . . . . . . . . . . . .} && \underline{\hspace{20pt}\left(\text{\hspace{5pt}p}\right)}\\ \hspace{10pt}\text{Net cash flow and July $31$, $2010$, cash balance. . . . . . . . . . . . . . . .} && \underline{\underline{\hspace{20pt}\left(\text{\hspace{5pt}q}\right)}}\\ \end{array}$$

$\textsf{\textcolor{#4257b2}{Instructions}}$
By analyzing the interrelationships among the four financial statements, determine the proper amounts for (a) through (q).

The total amount of money in a bank account paying compound interest can be determined by the formula $A=P\left(1+\frac{r}{n}\right)^{n t}$, where $P$ is the principal (amount deposited), $r$ is the annual rate of interest expressed as a decimal, $n$ is the number of times the interest is compounded in one year, and $t$ is the time in years. Determine the total amount of money in an account at the end of 4 months if the original sum deposited was $\$ 2550$, the interest rate is $8 \%$, compounded 4 times a year, and no money is deposited or withdrawn.

Shown below is a segmented income statement for Hickory Company’s three wooden flooring product lines:

$$\begin{array}{lcccc} &\text{Strip}&\text{Plank}&\text{Parquet}&\text{Total}\\\hline \text{Sales revenue}& \$400,000 &\$200,000 &\$300,000 &\$900,000\\ \text{Less: Variable expenses}& 225,000 &120,000 &250,000& 595,000\\ \text{Contribution margin}& \$175,000 &\$ 80,000 &\$ 50,000 &\$305,000\\ \text{Less direct fixed expenses:}\\ \quad\text{Machine rent}& (5,000)& (20,000)& (50,000)& (75,000)\\ \quad\text{Supervision}& (15,000) &(10,000) &(20,000) &(45,000)\\ \quad\text{Depreciation}& (35,000)& (10,000)& (25,000)& (70,000)\\ \text{Segment margin}& \$120,000 &\$ 40,000 &\$(45,000) &\$115,000\\ \end{array}$$

Hickory’s management is deciding whether to keep or drop the parquet product line. Hickory’s parquet flooring product line has a contribution margin of $50,000 (sales of$300,000 less total variable costs of $250,000). All variable costs are relevant. Relevant fixed costs associated with this line include 80% of parquet’s machine rent and all of parquet’s supervision salaries.

1. List the alternatives being considered with respect to the parquet flooring line.

2. List the relevant benefits and costs for each alternative.

3. Which alternative is more cost effective and by how much?

A person stands a distance R from a door's hinges and pushes with a force F directed perpendicular to its surface. By what factor does the applied torque change if the person's position and force change to 2R and F.

Sketch the solid described by the given inequalities. 2 ≤ p ≤ 4, 0 ≤ ∮ ≤ π/3, 0 ≤ θ ≤ π

Test the given claim. Identify the null hypothesis, alternative hypothesis, test statistic, P-value or critical value(s), conclusion about the null hypothesis, and final conclusion that addresses the original claim. Use the P-value method unless your instructor specifies otherwise. Use the normal distribution as an approximation to the binomial distribution.

In a Pew Research Center poll of 745 randomly selected adults, 589 said that it is morally wrong to not report all income on tax returns. Use a 0.01 significance level to test the claim that 75% of adults say that it is morally wrong to not report all income on tax returns.

Use the key terms to complete the following sentence:

The __________ is the rate banks are charged to borrow money from the Fed.