41. Franklin Company reports the following amounts: Cash: $20,000Short-term investments: $10,000Accounts Receivable: $30,000Inventory: $50,000Current liabilities: $40,000 For this question, quick assets include cash, short-term investments, and Accounts Receivable. Inventory is excluded. Use the following formula: Quick ratio = Quick assets ÷ Current liabilities What is Franklin Company’s quick ratio? 1. 1.00 2. 1.25 3. 1.50 4. 2.75 Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.

Macy enjoys spending time with her friends. They talk about a lot of different things, from hobbies to current events and more. However, she feels like her friends don’t really know the real her, and she feels like the friendships are somewhat superficial. According to Social Penetration Theory, Macy’s relationships likely have [depth] depth of penetration and [breadth] breadth of penetration.

Jasmine dislikes going to the theater, but her partner, Cecelia, loves it. Cecelia tries to convince Jasmine to like the theater by saying “It’s the best thing ever, you will love it!” According to Social Judgement Theory, this message is likely to fall in the latitude of [latitude] and result in [contrast].

9. A retail company uses a perpetual inventory system that continuously updates its inventory records after purchases and sales. Management is deciding whether the company should still perform a physical inventory count at year-end. What is the primary reason for performing the physical count? 1. To determine the selling price of every inventory item 2. To replace the perpetual inventory records 3. To identify shrinkage, damage, and recording errors 4. To determine which inventory method is legally required Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.

5. Martin Supply uses a perpetual inventory system and the moving weighted average method. Martin has 40 units that cost $10 each. Martin then purchases 60 units that cost $14 each. After the purchase, Martin calculates a new average cost per unit by dividing the total cost of the 100 units by 100 units. Martin then sells 50 units. What is Martin Supply’s cost of goods sold? 1. $500 2. $600 3. $620 4. $700 Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.

Which muscle type does not exhibit a length-tension relationship?  ________

Mina is from the Midwest. When she meets someone from California, she unconsciously learns further into her Midwestern accent, mannerisms, and speech patterns. According to Communication Accommodation Theory, this is an example of

23. Pierce Company holds an $18,000, 90-day, 10% note dated December 1. Pierce Company’s accounting period ends December 31. For this question, calculate interest for 30 days. Use a 360-day year and the following formula: Interest = Principal × Annual interest rate × 30 ÷ 360 How much Interest Revenue should Pierce accrue on December 31? 1. $150 2. $450 3. $1,350 4. $1,800 Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.

Extra Credit The presence of ___________ in muscle is what determines whether a muscle is striated or not.

25. A company uses the allowance method for uncollectible accounts. Before a specific customer account is written off, both Accounts Receivable and Allowance for Doubtful Accounts include the amount related to that customer. When the account is written off, Accounts Receivable and Allowance for Doubtful Accounts decrease by the same amount. What happens immediately to the net realizable value of the company’s total receivables? 1. It increases 2. It decreases by the amount written off 3. It becomes zero 4. It remains unchanged Instructions to students: Type in the number of the answer of your choice (type in either 1, 2, 3, or 4). Do not type in a decimal after inputting the number.