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.

The specific type of skeletal muscle fibers that participate in endurance activities are the ________ fibers. Please use the full name of the fiber type rather than Type I, Type IIA, and IIX. 

  Which is false regarding fast oxidative fibers?  Please put letter in the space provided.    a. Intermediate resistance to fatigue     b. Whitish in coloration     c. Relatively fast speed of contraction     d. Can be used during repetitive movements     e. None of those mentioned above is false.

20. Brooks Company uses an aging schedule to estimate uncollectible accounts. The aging schedule indicates that Allowance for Doubtful Accounts should have an ending credit balance of $12,000. Before adjustment, Allowance for Doubtful Accounts has a $1,500 debit balance.  How much Bad Debt Expense should Brooks record? 1. $10,500 2. $12,000 3. $12,500 4. $13,500 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.

22. On June 1, Green Company accepts a $12,000, 90-day, 8% note from a customer. Use a 360-day year. What is the maturity value of the note? 1. $12,160 2. $12,240 3. $12,720 4. $12,960 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.

47. Monroe Company issues $150,000 of 8%, ten-year bonds for $156,000. Interest is paid every six months. Monroe uses straight-line amortization. The total bond premium is $6,000. Because interest is paid semiannually for ten years, there are 20 interest periods. Use the following calculations: Semiannual cash interest = $150,000 × 8% × 6 ÷ 12Semiannual premium amortization = $6,000 ÷ 20 periodsInterest Expense = Cash interest − Premium amortization What is Interest Expense for each six-month period? 1. $5,700 2. $6,000 3. $6,300 4. $6,600 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.

44. Rogers Company has $200,000 of bonds outstanding. The bonds have an 8% annual contract interest rate. Interest is paid every six months. How much cash interest does Rogers pay every six months? 1. $4,000 2. $8,000 3. $16,000 4. $20,000 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.

17. A company is assigning responsibility for handling cash and responsibility for maintaining the accounting records for cash. Why should these responsibilities be assigned to different employees? 1. Separating the duties eliminates the need for bank reconciliations 2. Separating the duties allows the accounting records to provide an independent check on the employee handling cash 3. Separating the duties guarantees that employee fraud cannot occur 4. Separating the duties allows one employee to complete all cash duties more quickly 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.

19. Wilson Company uses an aging schedule to estimate uncollectible accounts. The aging schedule indicates that Allowance for Doubtful Accounts should have an ending credit balance of $18,500.Before adjustment, Allowance for Doubtful Accounts already has a $3,200 credit balance. How much Bad Debt Expense should Wilson record? 1. $3,200 2. $15,300 3. $18,500 4. $21,700 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.