84. When bonds are issued at a discount, what happens to the carrying value and interest expense over the life of the bonds? a. Carrying value and interest expense increase. b. Carrying value and interest expense decrease. c. Carrying value decreases and interest expense increases. d. Carrying value increases and interest expense decreases. 85. When bonds are issued at a premium, […]
76.Two investment centers at Marshman Corporation have the following current-year income and asset data: A.371.4% B.26.9% C.24.1% D.39.2% E.21.7% 77.A retail store has three departments, S, T, and U, and does general advertising that benefits all departments. Advertising expense totaled $50,000 for the year, and departmental sales were as follows. Allocate advertising expense to Department T based on departmental sales. A.$11,000. B.$14,000. C.$16,667. D.$22,500. […]
61. The income statement of Ride-on Motors, an automotive manufacturer, for the year ended December 31, 20×1, reported revenues $7,400 million and cost of sales of $6,000 million. In addition, it reported other operating expenses of $900 million, a loss of $2 million on the sale of a business, and net financing income of $200 million. Tax expense for the year was $100 million. […]
81. The following present value factors are provided for use in this problem. Norman Co. wants to purchase a machine for $40,000, but needs to earn an 8% return. The expected year-end net cash flows are $12,000 in each of the first three years, and $16,000 in the fourth year. What is the machine’s net present value (round to the nearest whole dollar)? A. $(9,075). […]
171.The accounts receivable turnover rate: A.Indicates how many times the receivables were converted into cash during the year. B.Is computed by dividing average receivables by sales. C.Indicates the average number of days a business waits to make collection on a credit sale. D.Indicates the proportion of a company’s accounts receivable that the independent auditors were unable to confirm. […]
Use the information below to answer the following question(s). Satellite Inc. is in the process of evaluating its new products. A new signal receiver has two production runs each year, each with $20,000 in setup costs. The new receiver incurred $60,000 in development costs and is expected to be produced for three years. The direct costs of producing the receivers are $80,000 per […]
31.Which of the following statements is true of psychological success? A.Psychological success limits achievement to work-related goals. B.Psychological success is determined primarily by the signals a company gives to its employees. C.Promotion and salary increase are prime factors that determine psychological success. D.Psychological success is the greater focus of those pursuing protean careers. E.Factors such as family and good […]
96.A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned $200 worth of merchandise. On July 8, it paid the full amount due. The amount of the cash paid on July 8 equals: A.$200. B.$1,564. C.$1,568. D.$1,600. E.$1,800. 97.A company purchased $1,800 of merchandise on July 5 with terms 2/10, n/30. On July 7, it returned […]
146.The Saginaw Company uses special journals for sales, purchases, cash receipts, cash disbursements, and uses a general journal. They operate with a perpetual inventory system. Record the following transactions related to sales and cash receipts that occurred during the month of August: Aug.3Sold $8,700 merchandise to Kline Co., terms 2/10, n/30, Invoice No. 826. The cost of the goods sold was $3,900. 6Sold merchandise […]
Multiple Choice Questions 45.Which of the following statements is not correct? A. Corporations must estimate and prepay their income taxes through quarterly tax deposits. B. At the end of the year, when the worksheet is prepared, the Income Tax Expense account is adjusted only if the corporation owes additional taxes. C. Income Tax Expense may be shown as an operating expense on a corporation’s income […]
In this lab, you are going to see how some of these factors can affect the soil in your own region. We will be taking soil samples from four different locations to see if there are any noticeable differences between them. Since we are localizing our study, it would be extremely difficult to get soil samples that would vary significantly in climate, time, or parent rock. Any soil that we take from our area 4 should have very nearly the same of these. Therefore, what we will be testing is how topography, biotic factors, and mankind affect the soil.
You will need to collect three soil samples for this activity. Each soil sample that you collect should fit in a quart-sized jar. These samples should be taken from the following characteristic locations:
Sample One - The Hill Sample Take from the side of a hill, the greater the degree of slope, the better.
Sample Two - The Yard Sample Take from a level surface, such as your backyard.
Sample Three - The River Sample Take from the side of a creek or river.
For all of these locations, you need to note the amount of slope and the type of vegetation that is found there.
These samples need to come from locations that are not near one another. A distance of a quarter mile or more between them would be best, as distances closer than this might lead to samples that do not vary that greatly. Of course, this requirement means that you will not be able to get all of the soil samples from property that you own. This means that you will need to show some prudence in picking locations from which to draw your samples. You might want to work with some of your classmates to insure that you can get all three types of locations. Whatever you do, do not trespass on private property to get the soil samples. You should also not get the samples from any national or state parks or forests, as it is illegal to remove things from these locations.
Now that you have your soil samples, you are ready to determine the type of soil that you have from its texture. Use the Soil Texture By Feel Flowchart document to determine what type of soil you have. I've attached a video below (no sound is associated with the video) to help illustrate the different points of the flow chart. Use this information to fill in the table on the Soil Composition activity sheet. Once you have filled in the table, answer the questions underneath it.
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