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Eagle Corp. purchased a new piece of equipment on January 1, 2024.  The equipment had a list price of $90,000, however the seller agreed to allow Eagle Corp. to pay for the equipment in 6 yearly installments of $20,000 on December 31 of each year.  Assuming the note incurs interest at 12% annually, what amount should Eagle Corp. debit the equipment account for on the date of purchase? You must use the honorlock calculator to solve the problem. (round to the nearest dollar).   Answer:  $_______

Two patients are exposed to Mycobacterium tuberculosis. Patient A clears the infection without disease. Patient B develops granulomas (tubercles) in the lungs that persist for years without symptoms. Which statement best compares what is happening in Patient B’s lungs?

Eagle Corp. issues a $951,000, 10% 4 year notes payable on January 1, 2024.  The note will be repaid in four annual installments of $300,000, each payable at the end of the year (i.e. $300,000 at the end of 2024, $300,000 at the end of 2025, $300,000 at the end of 2026, and $300,000 at the end of 2027).  What is the amount of interest expense that should be recorded by Eagle Corp. in the second year (i.e. on the income statement for the year ended December 31, 2025)?  You must use the honorlock calculator to solve the problem. (round to the nearest dollar).   Answer:  $_______

Sam steals a valuable urn from Original Owen. Sam then sells the urn to Gwen for $400. Gwen knows the urn is stolen. Owen discovers that Gwen bought the stolen urn and demands it back. Gwen says no way. Is Owen entitled to get the urn back from Gwen?

Lab 3-Testing for Organic Molecules In our McMush Lab when testing for the presence of organic molecules we used various reagent or indicators to see if we got a color change, indicating the presence of a specific organic molecule. Match the listed indicator reagents to the organic molecule they test for.

Lab 9: In the diagram below, which mouse has the selective advantage, explain why.

Racoon’s eyes are indicative of a subdural hematoma.

Lab 3:  What indicator is being used in the test below? What organic molecule is it testing for? The first test tube is the indicator, the second test tube is the solution being tested, and when mixed that result in test tube 3.

Eagle Corp. needs to raise $500,000 to expand the company.  Eagle Corp. is considering the issuance of either:   $500,000 of 8% bonds payable at par to borrow the money; or 50,000 shares of common stock issued at $10 per share.   Before any new financing, Eagle Corp. expects to earn net income of $300,000, and the company already has 100,000 shares of common stock outstanding.  Eagle Corp. believes the expansion will increase income before interest and income tax by $100,000.  The income tax rate is 30%.  Which choice of raising capital should Eagle Corp. use if they are concerned with earnings per share? You must use the honorlock calculator to solve the problem. (round to the nearest penny).

Lab 5:  Match the following with their correct answer.