The assets and liabilities of wilderness travel service on april 30, 20y7, and its revenue and expenses for the year are as follows: accounts payable $25,000 rent expense $75,000 accounts receivable 210,000 supplies 9,000 cash 156,000 supplies expense 12,000 common stock 35,000 taxes expense 10,000 fees earned 875,000 utilities expense 38,000 miscellaneous expense 15,000 wages expense 525,000 common stock was $25,000 and retained earnings was $155,000 as of may 1, 20y6. during the year, additional common stock of $10,000 was issued for cash, and dividends of $40,000 were paid. required: 1. prepare an income statement for the year ended april 30, 20y7. wilderness travel service income statement for the year ended april 30, 20y7 fees earned $ 875,000 expenses: $ rent expense 75,000 total expenses $

2. you take $100 you had kept under your mattress and deposit it on your bank account. if this $100 stays in the banking system as reserves and if banks hold reserves equal to 10% of deposits, by how much does the total amount of deposits in the banking system increase? by how much does the money supply increase?

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e.g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.