Which of the following policy recommendations, if any, are consistent with the classical, Keynesian, monetarist, and/or modern consensus views of the macroeconomy?

Since the long-run growth of GDP is 2%, the money supply should grow at 2%

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.

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 this machine’s accounting rate of return.

A small accounting firm pays each of its six clerks $45,000, two junior accountants$70,000 each, and the firm's owner $420,000. What is the mean salary paid at this firm? How many of the employees earn less than the mean? What is the median salary?

Refer to "Politics Is All in the Wording” Explain which one of the "Difficulties and Disasters" is illustrated by this example.

Journalize the following transactions, using the allowance method of accounting for uncollectible receivables:

Feb. 12. Received $800 from Leo Jorgenson and wrote off the remainder owed of$2,400 as uncollectible.

May 3. Reinstated the account of Leo Jorgenson and received $2,400 cash in full payment.

Order the following steps in the accounting process that focus on analyzing and recording transactions. ______a. Prepare and analyze the trial balance. ______b. Analyze each transaction from source documents. ______c. Record relevant transactions in a journal. ______d. Post journal information to ledger accounts.

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

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?

Match each of the following descriptions with the appropriate term related to partnership accounting.

A. Each and every partner can enter into contracts on behalf of the partnership     i. liquidation
                                                                                    ii. capital deficiency
                                                                                    iii. admission of a new partner
                                                                                    iv. mutual agency
                                                                                    v. income sharing ratio

A clothoid loop of a roller coaster is $40.0 \mathrm{~m}$ high with a radius of curvature of $10.0 \mathrm{~m}$ at the top. Assume that a cart rolls around the inside of the loop with nothing holding it onto the track. (a) What is the minimum speed of the cart at the top of the clothoid loop? (b) What is the minimum speed of the cart on a circular loop of the same height? (c) Explain why modern roller coasters often have clothoid loops instead of circular loops.

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.

The Energy Information Administration forecasts energy production for the United States. Based on data from that agency, the equation

$$y=-3.6196+3.4455 \ln (x+5)$$

models the estimated quadrillion Btu of energy $y$ that will be produced in the United States by biomass fuels during year $x$, where $x$ is the number of years after 2005.

According to this model, in what year will energy produced by biomass fuels first exceed 10 quadrillion Btu?

To make transistors and other circuit elements that are very small, modern integrated circuits (like those used in a computer) are produced using very high resolution optical patterning. The process uses a very expensive lens to produce the pattern. If the smallest circuit feature size is $200 \mathrm{~nm}$, what does the Rayleigh criterion predict for the approximate wavelength of the light used to make the pattern? How does that compare with the wavelength of blue light?