Additional Practice Problems for Midterm Exam Preparation of Multiple-Step Income Statement Zoomy Zombie Inc. manufactures a wide variety of children’s products including educational toys‚ safety products‚ and outdoor toys. Skellan Davis‚ the company’s controller‚ had to leave unexpectedly while preparing the 2011 financial statements. Prior to his departure‚ Skellan had calculated 2011 income from operations before taxes of $22‚850‚000 (total for all divisions). Additional events and transactions
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1. Poor Dog‚ Inc. borrowed $135‚000 from the bank today. They must repay this money over the next six years by making monthly payments of $2‚215.10. What is the interest rate on the loan? Express your answer with annual compounding. A) 5.98% B) 6.63% C) 4.71% D) 5.65% E) 5.80% 2. How much would you pay for a security that pays you $500 every 4 months for the next 10 years if you require a return of 8% per year compounded monthly? A) $11‚228.48 B) $15‚000.00 C) $10‚260.00
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The story “Two Kinds‚” written by Amy Tan‚ has a plot that many people can relate to while growing up as a child. The theme of the story is that there are two kinds of people: the one the mother wants her to be and the one Jing-mei (the protagonist and narrator of the story) strives to be. Both mother and daughter in the story have a very complicated relationship. The mother believes that you could become anything you wanted in America. The author emphasizes that Jing-mei’s mother tries to dominate
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Chapter 1 THE PROBLEM AND ITS SETTING Introduction The complexity of human activities causes a lot of effects to the lives of every individual. Whatever the effect of these activities‚ favorable or not‚ man is affected particularly in the aspect on how every activity is to be carried out using his physical strength thus making him stressed eventually. It is normal for people to experience stress but when it comes‚ every person should be ready to handle it in order for its effect to become favorable
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Two Friends Have you ever wondered how reality is so much more different than TV or fiction. It depicts life as we know it in the real world‚ cruel and unjust. And this is exactly the kind of writing from most of the eighteenth century‚ where life is portrayed from the lower class’ point of view in order to attain a social reform. In the short story Two Friends‚ Guy de Maupassant describes the harshness and reality of the Franco Prussian War‚ and its effect on two Parisians who love fishing. This
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Making an Inference Directions: Some of the questions following the passages ask you to make inferences from the passages. To infer means to arrive at a conclusion by reasoning from evidence. Synonyms for infer are deduce‚ judge‚ or conclude. If you are told to infer something from a passage‚ you are basically being asked what conclusions can be drawn from the content of the story. Tip: If you replace the word infer with conclude in a question‚ it may make more sense to you. In cities throughout
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Two countries is a beautiful poem by Naomi Shihab Nye. The poem is clearly inspired by the poet’s own life as she is a woman of two worlds: Palestine and America. Nye makes use of an extended metaphor throughout the piece‚ representing herself as skin. This is done in a double entendre sort of way‚ symbolizing a negative connotation in the first stanza and weaving its way into a positive meaning in the last. In the first part of the poem‚ skin is utilized for its description of being the exterior
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WPA Practice In “When It Comes to Doping‚ Pro Football Punts‚” Fran Tarkenton questions the light shed on certain professional sports due to performance-enhancing drugs. While baseball‚ cycling‚ and track and field have been riddled with stories of performance-enhancing drugs‚ football has managed to remain unscathed throughout the years. Tarkenton’s article in the Wall Street Journal targets all sports enthusiast who care that football is a sport that is slowly getting taken over by performance-enhancing
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"Two Fishermen" by author Morley Callaghan is a story about learning life lessons but of course that is only from my point of view on it. Michael Foster‚ a young reporter working in a small town‚ dreams of one day writing for one of the larger city newspapers. He’s put to a test when coming upon the hanging of a man named Thomas Delaney‚ who had murdered an older man out of revenge for the raping of his wife. Michael Foster was in search for answers to his story when encountering Mr. K Smith‚
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MGF402 Homework 3 Due date: Thursday October 31st 1. Calculate EAR and APR for the following questions. a. You have an APR of 7.5% with continuous compounding. What is the EAR? b. You have an EAR of 9%. What is the equivalent APR with continuous compounding? c. The buyer of a new home is quoted a mortgage rate of 0.5% per month. What is the APR on the loan? d. A loan for a new car costs the borrower 0.8% per month. What is the EAR? Answer: a. 1 + EAR = eAPR => EAR = eAPR - 1 =
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