Please assist with the attached homework.

Question 1 (30 Points)

On December 31, 2014, Rayco Inc. had the following balances (all balances are normal):

Accounts	Amount
Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding)	$1,000,000
Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding)	$1,000,000
Paid-in Capital in Excess of par, Common	150,000
Retained Earnings	700,000

The following events occurred during 2014 and were not recorded:

On January 1, Rayco declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25.

On February 15, Rayco reacquired 1,000 shares of common stock for $20 each.

On March 31, Rayco reissued 250 shares of treasury stock for $25 each.

On July 1, Rayco reissued 500 shares of treasury stock for $16 each.

On October 1, Rayco declared full year dividends for preferred stock and $1.50 cash dividends for outstanding shares and paid shareholders on October 15.

On December 15, Rayco split common stock 2 shares for 1.

Net Income for 2014 was $275,000.

Requirements:

Prepare journal entries for the transactions listed above.

Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014.

Question 2 ( 5 points)

On January 1, 2014, XYZ Company purchased 10,000 shares of the stock of Rayco, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $90,000, and represents a 30% ownership stake. Rayco made $25,000 of net income in 2014, and paid dividends of $10,000. The price of Rayco's stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year.

Requirements:

Prepare the January 1 and December 31 general journal entries for XYZ Company.

How much should the XYZ Company report on the balance sheet for the investment in Rayco at the end of 2014?

Question 3 ( 15 points)

The following is selected information from Rayco Company for the fiscal years ended December 31, 2014: Rayco Company had net income of $1,225,000. Depreciation was $500,000, purchases of plant assets were $1,250,000, and disposals of plant assets for $500,000 resulted in a $50,000 gain. Stock was issued in exchange for an outstanding note payable of $725,000. Accounts receivable decreased by $25,000. Accounts payable decreased by $40,000. Dividends of $300,000 were paid to shareholders. Rayco Company had interest expense of $50,000. Cash balance on January 1, 2014 was $250,000.

Requirements: Prepare Rayco Company's statement of cash flows for the year ended December 31, 2014 using the indirect method.

Hint (recall the 3 sections)

Question 4 (10 points)

Rayco Corporation had the following bond transactions during the fiscal year 2014:

On January 1: issued ten $1,000 bonds at 102. The 5-year bonds is dated January 1, 2014. The contract interest rate is 6%. Straight-line amortization method is used. Interest is payable semi-annual on January 1 and July 1.

On July 1: Rayco Corporation issued $500,000 of 10%, 10-year bonds. The bonds dated January 1, 2014 were issued at 88.5, and pay interest on July 1 and January 1. Effective interest rate for these bonds is 12%. Straight-line amortization method is used.

On October 1: issued 10-year bonds $10,000 face value bonds, for $10,853 cash. The bonds have a stated rate of 9%, but an effective rate of 6%. Straight-line amortization method is used. Interest is payable on October 1 and April 1.

Requirements: Prepare all general journal entries for the three bonds issued and any interest accruals and payments for the fiscal year 2014. (Round all calculations to nearest whole dollar.)

Hint (think premiums and discounts)

Question 5 (10 points)

XYZ had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,400, variable factory overhead $1,000, and fixed factory overhead $500. The company did not maintain any inventories, so total cost of goods sold was $4,400. Selling expenses totaled $1,600 ($600 variable and $1,000 fixed), and administrative expenses totaled $1,500 ($500 variable and $1,000 fixed). Operating income was $2,500. Round all final answers to nearest dollar or whole number.

Requirements:

What is the break-even point in sales dollars and in units if the fixed factory overhead increased by $1,700?

What is the break-even point in sales dollars and in units if costs remain as originally projected?

What would be the operating income if sales units increased by 25%?

Question 6 ( 5 points)

XYZ manufactures tote bags. The forecasted income statement for the year before any special orders included sales of $4,000,000 (sales price is $10 per unit.) Manufacturing cost of goods sold is anticipated to be $3,200,000. Selling expenses are expected to be $300,000, and operating income is projected at $500,000. Fixed costs included in these forecasted amounts are $1,200,000 for manufacturing cost of goods sold and $100,000 for selling expenses. Rayco is offering a special order to buy 50,000 tote bags for $7.50 each. There will be no additional selling expenses, and sufficient capacity exists to manufacture the extra tote bags.

Requirements: Prepare an incremental analysis schedule to demonstrate what amount operating income would increase or decrease as a result of accepting the special order.

Hint: think differences between accepting the order or not.

Question 7 ( 5 points)

RSW Company manufactures 10,000 units of wheel sets for use in its annual production. Costs are as follows: direct materials are $20,000; direct labor is $55,000; variable overhead is $45,000; and fixed overhead is $70,000. Rayco Company has offered to sell RSW 10,000 units of wheel sets for $18 per unit. If RSW accepts the offer, some of the facilities presently used to manufacture wheel sets could be rented to a third party at an annual rental of $15,000. Additionally, $4 per unit of the fixed overhead applied to wheel sets would be totally eliminated.

Requirements: Prepare an incremental analysis schedule to demonstrate if RSW should accept Rayco's offer.

Hint: Set up 2 columns and show differences in income and costs for each column.

Multiple choice questions allocated 1% point each. Make your selection by recording the letter in the answer box provided. Use capital letters when you enter your answer on the answer sheet.

Question 8:

The contract interest rate for bonds:

A. must equal the effective interest rate.

B. is greater than the effective interest rate when bonds are issued at a premium.

C. has no relation to the cash flow associated with a particular bond.

D. will fluctuate over the life of a bond.

E. None of these.

Question 9:

Nomad Corporation issued $100,000 of 7%, 15-year bonds on January 1, 2014 at 101. The proper entry to record issuance of the bonds includes a debit to Cash for:

a. $100,000.

b. $101,000.

c. $101,167.

d. $102,167.

e. None of these.

Question 10:

Which of the following statements about treasury stock is true?

a. Excess of the sales price over cost should be credited to retained earnings.

b. Gains are not recorded on treasury stock transactions but losses are.

c. Losses on treasury stock transactions are recorded in income.

d. Reacquiring treasury stock causes stockholders equity to decrease.

e. None of these.

Question 11:

Lomax Company has 100,000 shares of common stock outstanding. On April 15, the board declared a $.30 dividend to be paid to stockholders of record on May 4. The dividend was paid on May 15. The proper journal entry for Frick Company on May 15 does include:

a. a debit to Dividends Payable for $30,000.

b. a debit to Dividends for $30,000.

c. a credit to Cash for $30,000.

d. Both A and C, above.

e. None of these.

Question 12:

Assume the following sales data for a company:

2010 $1,000,000

2009 900,000

2008 750,000

2007 600,000

If 2007 is the base year, what is the percentage increase in sales from 2007 to 2009?

a. 100%

b. 150%

c. 50%

d. 66.7%

Question 13:

Baker Corporation has cumulative preferred stock. If dividends are not declared in a period, then those dividends are

a. considered a liability.

b. called dividends in arrears.

c. distributions of earnings.

d. never paid.

Question 14:

Collins Company's balance sheet included cash ($4,000,000), accounts receivable ($16,000,000), inventories ($10,000,000), prepaid expenses ($2,000,000), accounts payable ($9,000,000), and accrued expenses ($7,000,000). These are the only current items.

a. The quick ratio is 2:1.

b. The quick ratio is 1.25:1.

c. The current ratio is 1.875:1.

d. Both A and C.

e. None of these.

Question 15:

Selected information for 2014 is: cost of goods sold, $5,400,000; average inventory, $1,800,000; net sales, $7,200,000; average receivables, $960,000; and net income, $720,000. Assuming a 360-day year, what was the inventory turnover ratio for 2014?

a. 333

b. 3

c. 7.5

d. 20

e. None of these.

Question 16:

On the schedule of cost of goods manufactured:

a. beginning work-in-process plus direct materials used equals manufacturing costs.

b. cost of goods manufactured is the same thing as total manufacturing costs.

c. work-in-process will necessarily increase if total manufacturing costs increase.

d. factory overhead plus beginning work-in-process equals manufacturing costs.

e. None of these.

Question 17:

Which costing method seems ideally suited to the production of homogenous products in continuous throughput?

a. Activity-based costing.

b. Job order costing.

c. Process costing.

d. Absorption costing.

e. None of these.

Question 18:

Brown Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $200,000 and diret labor hours of 50,000. For job 836, direct labor hours were 800.

a. Factory Overhead should be debited for $3,200.

b. Factory Overhead should be credited for $3,200.

c. Overhead Expense should be debited for $3,200.

d. Overhead Expense should be credited for $3,200.

e. None of these.

Question 19:

For job 1838, there were 1,000 direct labor hours, and actual overhead was $500 for depreciation and $1,400 for indirect labor. Overhead is applied at $2 per direct labor hour. Which account should be debited for $1,900?

a. Work in Process.

b. Cost of Goods Sold.

c. Factory Overhead.

d. Cost of Goods Manufactured.

e. None of these.

Question 20:

7,000 units in a process that are 70% complete are referred to as

a. 7,000 equivalent units of production.

b. 2,100 equivalent units of production.

c. 4,900 equivalent units of production.

d. 2,100 unequivalent units of production

Question 21:

A process cost system would be used for all of the following products except

a. chemicals.

b. computer chips.

c. motion pictures.

d. soft drinks.

Question 22:

Foster Company makes units that each requires 2 pounds of material at $3 per pound. 500 and 700 units will be built in May and June, respectively. Frick keeps material on hand at 20% of the next month's production needs. How much is the material cost for May's output?

a. $2,400

b. $3,000

c. $3,240

d. $4,200

e. No

ne of these.

Question 23:

Anticipated unit sales are January, 5,000; February, 4,000; and March 8,000. Finished goods are consistently maintained at 80% of the following month's sales. If units cost $10 each to produce, how much is February's total cost of production?

a. $0

b. $40,000

c. $72,000

d. $80,000

e. None of these.

Question 24:

Total production of 1,000 units of finished goods required 3,900 actual hours at $12 per hour. The standard is 4 hours per unit of finished goods, at a standard rate of $11 per hour. Which of the following statements is true?

a. The labor rate variance is $3,900 favorable.

b. The labor rate variance is $4,000 unfavorable.

c. The labor efficiency variance is $1,100 favorable.

d. The labor efficiency variance is $1,100 unfavorable.

e. None of these.

Question 25:

If beginning work in process was 600 units, 1,400 additional units were put into production, and ending work in process was 500 units, how many units were completed?

a. 500

b. 900

c. 1,400

d. 2,000

e. None of these.

Question 26:

Cost of goods manufactured is calculated as follows:

a. Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP.

b. Direct materials used + direct labor + manufacturing overhead ? beginning WIP + ending WIP.

c. Beginning WIP + direct materials used + direct labor + manufacturing overhead ? ending WIP.

d. Direct materials used + direct labor + manufacturing overhead ? ending WIP ? beginning WIP.

Question 27:

Assume that actual overhead consisted of $30,000 for indirect labor, $20,000 for indirect material, and $10,000 for depreciation of factory equipment. Based on the preset rates, $65,000 of overhead was applied to work in process.

a. Overhead is under applied.

b. This is viewed as an unfavorable situation.

c. There will be a $5,000 debit balance in Factory Overhead.

d. All of the above.

e. None of these

Acct221: Principles of Accounting II There are 27 questions in this exam. ALL answers must be entered on the Answer Sheet provided, not on the exam. Upload the Answer Sheet when you complete the exam. For this exam, omit all general journal entry explanations. Ensure to include correct dollar signs, underlines & double underlines. Question 1 (30 Points) On December 31, 2014, Rayco Inc. had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, Common 150,000 Retained Earnings 700,000 The following events occurred during 2014 and were not recorded: a. On January 1, Rayco declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25. b. On February 15, Rayco reacquired 1,000 shares of common stock for $20 each. c. On March 31, Rayco reissued 250 shares of treasury stock for $25 each. d. On July 1, Rayco reissued 500 shares of treasury stock for $16 each. e. On October 1, Rayco declared full year dividends for preferred stock and $1.50 cash dividends for outstanding shares and paid shareholders on October 15. f. On December 15, Rayco split common stock 2 shares for 1. g. Net Income for 2014 was $275,000. Requirements: a. Prepare journal entries for the transactions listed above. b. Prepare a Stockholders' section of a classified balance sheet as of December 31, 2014. Question 2 ( 5 points) On January 1, 2014, XYZ Company purchased 10,000 shares of the stock of Rayco, and did obtain significant influence. The investment is intended as a long-term investment. The stock was purchased for $90,000, and represents a 30% ownership stake. Rayco made $25,000 of net income in 2014, and paid dividends of $10,000. The price of Rayco's stock increased from $10 per share at the beginning of the year, to $12 per share at the end of the year. Requirements: a. Prepare the January 1 and December 31 general journal entries for XYZ Company. b. How much should the XYZ Company report on the balance sheet for the investment in Rayco at the end of 2014? Question 3 ( 15 points) The following is selected information from Rayco Company for the fiscal years ended December 31, 2014: Rayco Company had net income of $1,225,000. Depreciation was $500,000, purchases of plant assets were $1,250,000, and disposals of plant assets for $500,000 resulted in a $50,000 gain. Stock was issued in exchange for an outstanding note payable of $725,000. Accounts receivable decreased by $25,000. Accounts payable decreased by $40,000. Dividends of $300,000 were paid to shareholders. Rayco Company had interest expense of $50,000. Cash balance on January 1, 2014 was $250,000. Requirements: Prepare Rayco Company's statement of cash flows for the year ended December 31, 2014 using the indirect method. Hint (recall the 3 sections) Question 4 (10 points) Rayco Corporation had the following bond transactions during the fiscal year 2014: a. On January 1: issued ten $1,000 bonds at 102. The 5-year bonds is dated January 1, 2014. The contract interest rate is 6%. Straight-line amortization method is used. Interest is payable semi-annual on January 1 and July 1. b. On July 1: Rayco Corporation issued $500,000 of 10%, 10-year bonds. The bonds dated January 1, 2014 were issued at 88.5, and pay interest on July 1 and January 1. Effective interest rate for these bonds is 12%. Straight-line amortization method is used. c. On October 1: issued 10-year bonds $10,000 face value bonds, for $10,853 cash. The bonds have a stated rate of 9%, but an effective rate of 6%. Straightline amortization method is used. Interest is payable on October 1 and April 1. Requirements: Prepare all general journal entries for the three bonds issued and any interest accruals and payments for the fiscal year 2014. (Round all calculations to nearest whole dollar.) Hint (think premiums and discounts) Question 5 (10 points) XYZ had sales of $10,000 (100 units at $100 per). Manufacturing costs consisted of direct labor $1,500, direct materials $1,400, variable factory overhead $1,000, and fixed factory overhead $500. The company did not maintain any inventories, so total cost of goods sold was $4,400. Selling expenses totaled $1,600 ($600 variable and $1,000 fixed), and administrative expenses totaled $1,500 ($500 variable and $1,000 fixed). Operating income was $2,500. Round all final answers to nearest dollar or whole number. Requirements: a. What is the break-even point in sales dollars and in units if the fixed factory overhead increased by $1,700? b. What is the break-even point in sales dollars and in units if costs remain as originally projected? c. What would be the operating income if sales units increased by 25%? Question 6 ( 5 points) XYZ manufactures tote bags. The forecasted income statement for the year before any special orders included sales of $4,000,000 (sales price is $10 per unit.) Manufacturing cost of goods sold is anticipated to be $3,200,000. Selling expenses are expected to be $300,000, and operating income is projected at $500,000. Fixed costs included in these forecasted amounts are $1,200,000 for manufacturing cost of goods sold and $100,000 for selling expenses. Rayco is offering a special order to buy 50,000 tote bags for $7.50 each. There will be no additional selling expenses, and sufficient capacity exists to manufacture the extra tote bags. Requirements: Prepare an incremental analysis schedule to demonstrate what amount operating income would increase or decrease as a result of accepting the special order. Hint: think differences between accepting the order or not. Question 7 ( 5 points) RSW Company manufactures 10,000 units of wheel sets for use in its annual production. Costs are as follows: direct materials are $20,000; direct labor is $55,000; variable overhead is $45,000; and fixed overhead is $70,000. Rayco Company has offered to sell RSW 10,000 units of wheel sets for $18 per unit. If RSW accepts the offer, some of the facilities presently used to manufacture wheel sets could be rented to a third party at an annual rental of $15,000. Additionally, $4 per unit of the fixed overhead applied to wheel sets would be totally eliminated. Requirements: Prepare an incremental analysis schedule to demonstrate if RSW should accept Rayco's offer. Hint: Set up 2 columns and show differences in income and costs for each column. Multiple choice questions allocated 1% point each. Make your selection by recording the letter in the answer box provided. Use capital letters when you enter your answer on the answer sheet. Question 8: The contract interest rate for bonds: A. must equal the effective interest rate. B. is greater than the effective interest rate when bonds are issued at a premium. C. has no relation to the cash flow associated with a particular bond. D. will fluctuate over the life of a bond. E. None of these. Question 9: Nomad Corporation issued $100,000 of 7%, 15-year bonds on January 1, 2014 at 101. The proper entry to record issuance of the bonds includes a debit to Cash for: a. $100,000. b. $101,000. c. $101,167. d. $102,167. e. None of these. Question 10: Which of the following statements about treasury stock is true? a. Excess of the sales price over cost should be credited to retained earnings. b. Gains are not recorded on treasury stock transactions but losses are. c. Losses on treasury stock transactions are recorded in income. d. Reacquiring treasury stock causes stockholders equity to decrease. e. None of these. Question 11: Lomax Company has 100,000 shares of common stock outstanding. On April 15, the board declared a $.30 dividend to be paid to stockholders of record on May 4. The dividend was paid on May 15. The proper journal entry for Frick Company on May 15 does include: a. a debit to Dividends Payable for $30,000. b. a debit to Dividends for $30,000. c. a credit to Cash for $30,000. d. Both A and C, above. e. None of these. Question 12: Assume the following sales data for a company: 2010 $1,000,000 2009 900,000 2008 750,000 2007 600,000 If 2007 is the base year, what is the percentage increase in sales from 2007 to 2009? a. 100% b. 150% c. 50% d. 66.7% Question 13: Baker Corporation has cumulative preferred stock. If dividends are not declared in a period, then those dividends are a. considered a liability. b. called dividends in arrears. c. distributions of earnings. d. never paid. Question 14: Collins Company's balance sheet included cash ($4,000,000), accounts receivable ($16,000,000), inventories ($10,000,000), prepaid expenses ($2,000,000), accounts payable ($9,000,000), and accrued expenses ($7,000,000). These are the only current items. a. The quick ratio is 2:1. b. The quick ratio is 1.25:1. c. The current ratio is 1.875:1. d. Both A and C. e. None of these. Question 15: Selected information for 2014 is: cost of goods sold, $5,400,000; average inventory, $1,800,000; net sales, $7,200,000; average receivables, $960,000; and net income, $720,000. Assuming a 360-day year, what was the inventory turnover ratio for 2014? a. 333 b. 3 c. 7.5 d. 20 e. None of these. Question 16: On the schedule of cost of goods manufactured: a. beginning work-in-process plus direct materials used equals manufacturing costs. b. cost of goods manufactured is the same thing as total manufacturing costs. c. work-in-process will necessarily increase if total manufacturing costs increase. d. factory overhead plus beginning work-in-process equals manufacturing costs. e. None of these. Question 17: Which costing method seems ideally suited to the production of homogenous products in continuous throughput? a. Activity-based costing. b. Job order costing. c. Process costing. d. Absorption costing. e. None of these. Question 18: Brown Company uses a job order cost system and applies overhead based on estimated rates. The overhead application rate is based on total estimated overhead costs of $200,000 and diret labor hours of 50,000. For job 836, direct labor hours were 800. a. Factory Overhead should be debited for $3,200. b. Factory Overhead should be credited for $3,200. c. Overhead Expense should be debited for $3,200. d. Overhead Expense should be credited for $3,200. e. None of these. Question 19: For job 1838, there were 1,000 direct labor hours, and actual overhead was $500 for depreciation and $1,400 for indirect labor. Overhead is applied at $2 per direct labor hour. Which account should be debited for $1,900? a. Work in Process. b. Cost of Goods Sold. c. Factory Overhead. d. Cost of Goods Manufactured. e. None of these. Question 20: 7,000 units in a process that are 70% complete are referred to as a. 7,000 equivalent units of production. b. 2,100 equivalent units of production. c. 4,900 equivalent units of production. d. 2,100 unequivalent units of production Question 21: A process cost system would be used for all of the following products except a. chemicals. b. computer chips. c. motion pictures. d. soft drinks. Question 22: Foster Company makes units that each requires 2 pounds of material at $3 per pound. 500 and 700 units will be built in May and June, respectively. Frick keeps material on hand at 20% of the next month's production needs. How much is the material cost for May's output? a. $2,400 b. $3,000 c. $3,240 d. $4,200 e. No ne of these. Question 23: Anticipated unit sales are January, 5,000; February, 4,000; and March 8,000. Finished goods are consistently maintained at 80% of the following month's sales. If units cost $10 each to produce, how much is February's total cost of production? a. $0 b. $40,000 c. $72,000 d. $80,000 e. None of these. Question 24: Total production of 1,000 units of finished goods required 3,900 actual hours at $12 per hour. The standard is 4 hours per unit of finished goods, at a standard rate of $11 per hour. Which of the following statements is true? a. The labor rate variance is $3,900 favorable. b. The labor rate variance is $4,000 unfavorable. c. The labor efficiency variance is $1,100 favorable. d. The labor efficiency variance is $1,100 unfavorable. e. None of these. Question 25: If beginning work in process was 600 units, 1,400 additional units were put into production, and ending work in process was 500 units, how many units were completed? a. 500 b. 900 c. 1,400 d. 2,000 e. None of these. Question 26: Cost of goods manufactured is calculated as follows: a. Beginning WIP + direct materials used + direct labor + manufacturing overhead + ending WIP. b. Direct materials used + direct labor + manufacturing overhead - beginning WIP + ending WIP. c. Beginning WIP + direct materials used + direct labor + manufacturing overhead - ending WIP. d. Direct materials used + direct labor + manufacturing overhead - ending WIP - beginning WIP. Question 27: Assume that actual overhead consisted of $30,000 for indirect labor, $20,000 for indirect material, and $10,000 for depreciation of factory equipment. Based on the preset rates, $65,000 of overhead was applied to work in process. a. Overhead is under applied. b. This is viewed as an unfavorable situation. c. There will be a $5,000 debit balance in Factory Overhead. d. All of the above. e. None of these End Name: Question 1: 30% points a. General Journal Entries: Date Answer.Sheet.Page.1.of.6.Sp.15 Account Debit Credit Final-Exam b. Partial Classified Balance Sheet: Rayco Corporation Balance Sheet (partial) December 31, 2014 Question 2: 5% points a. General Journal Entries: Date Account Debit Credit b. Stock Investments Accounts Balance 12/31/14: Answer.Sheet.Page.2.of.6.Sp.15 Final-Exam Question 3: 15% points: Rayco Corporation Statement of Cash Flows For the Year Ended December 31, 2014 Answer.Sheet.Page.3.of.6.Sp.15 Final-Exam Question 4: 10% points: Date Answer.Sheet.Page.4.of.6.Sp.15 Account Debit Credit Final-Exam Question 5: 10% points: a.1. Breakeven Sales Dollars a.2. Breakeven Units b.1. Breakeven Sales Dollars b.2. Breakeven Units c. Operating Income Question 6: 5% points: Rayco Enterprises Incremental Analysis Special Order Question 7: 5% points: Rayco Inc. Incremental Analysis To Produce or Buy Produce Answer.Sheet.Page.5.of.6.Sp.15 Buy Final-Exam Multiple choice questions allocated 1% point each: Make your selection by indicating the letter corresponding to your answer. Please use Capital Letters. Question Number Answer Question Number 8: 18: 9: 19: 10: 20: 11: 21: 12: 22: 13: 23: 14: 24: 15: 25: 16: 26: 17: 27: Answer.Sheet.Page.6.of.6.Sp.15