Sylvestor Systems borrows $124,000 cash on May 15 by signing a 90 -day. 7\%, $124,000 note 1. On what date does this note mature? 2-0. Prepare the entry to record issuance of the note 2-b. First, complete the table below to calculate the interest expense at maturity. Use those calculated values to prepare your entry to record payment of the note at maturity. Complete this question by entering your answers in the tabs below. On what date does this note mature?

Answers

Answer 1

The note matures on August 13. It was a 90-day note.

The note is a 90-day note, which means it matures 90 days after the date of issuance. Since it was signed on May 15, we can count 90 days forward to determine the maturity date. May has 31 days, June has 30 days, and July has 31 days. Adding these days together, we reach a total of 92 days. Therefore, the note matures on August 13.

To record the issuance of the note on May 15, the following entry would be made:

Debit: Cash $124,000

Credit: Notes Payable $124,000

To calculate the interest expense at maturity, we need to determine the interest amount based on the interest rate and the number of days. In this case, the interest rate is 7% and the principal amount is $124,000.

To calculate the interest expense:

Interest Expense = Principal Amount x Interest Rate x Time

Interest Expense = $124,000 x 7% x (\(\frac{90}{360}\))

Interest Expense = $2,480

To record the payment of the note at maturity on August 13, the following entry would be made:

Debit: Notes Payable $124,000

Debit: Interest Expense $2,480

Credit: Cash $126,480

The Notes Payable account is debited to remove the liability, and the Interest Expense account is debited to recognize the interest expense. Cash is credited to reflect the payment made at maturity, which includes the principal amount and the interest expense.

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Related Questions

Yolinda and Wes decide to go into business together as a partnership. As part of their business, they lease a car, with each paying half the monthly expenses. Unfortunately, the business does not make any money. After 2 years, Yolinda decides to leave and take a job with another employer. Wes, on the other hand, decides to make a go of the business. Given this information, which of the following is true?

a. Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.
b. If Yolinda stops making her share of the car expenses, Wes will be liable for Yolinda's share.
c. Because the partnership is no longer in existence, the car lease is null and void.
d. Because Wes received only half of the company's profits, he is only liable for his share of expenses.

Answers

Given that one of the partners of the business has left the business, the answer that is correct is the fact that

Because Yolinda is no longer involved in the business, she no longer needs to help make the car expenses.

What is a partnership?

This is a business arrangement that is made by two or more persons. The business arrangement has the partners sharing in the liability of the business.

The reason why Yolanda has to stop sharing in the expenses is simply because she is no longer a part of the partnership.

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Market research has produced the following estimates of cross elasticity of demand.

Branded cola and branded iced tea +1.5

Branded cola and own label cola +0.5

a Explain what these estimates mean and their business significance for sales of branded cola when the price of branded iced tea and own label cola increase by 20%.

b Using diagrams, explain how the market is likely to be affected by:

i A substantial cut in the price of branded ice tea.

ii A substantial increase in the price of branded cola.

Answers

a) The cross elasticity of demand measures the responsiveness of the demand for one product to a change in the price of another product.

b) i) A substantial cut in the price of branded ice tea would likely result in a decrease in the demand for branded cola as consumers switch to the cheaper substitute.

ii) A substantial increase in the price of branded cola would likely result in a decrease in the demand for branded cola, as consumers switch to other substitute products.

Elasticity refers to the measure of the responsiveness of a product's demand or supply to changes in price, income, or other factors that affect market conditions. The degree of elasticity is determined by how much a change in one variable affects the other variable. If a product's demand is elastic, it means that a small change in the price of the product will have a significant impact on the demand for it.

On the other hand, if the demand is inelastic, it means that a change in price will not have a significant impact on the demand for the product. Similarly, if a product's supply is elastic, it means that a small change in price will result in a significant change in the quantity supplied, whereas if the supply is inelastic, the change in price will not have much effect on the quantity supplied.

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The "Heading1" paragraph style is a good choice to make a chapter name in a document stand out. False True

Answers

Answer:

The given statement is "True".

Explanation:

Content formatted with either a heading style initially appeared whenever users are using the perpendicular scroll pointer to peruse a memorandum. Headings can indeed be broadened and sometimes disappeared, as a component of Word’s overview component. Throughout the Navigation window, headings display as users check for text. Because once making a chart of material, individuals would be included.  

So the one listed above will be the right one.

Insurance companies determine risk exposure by which of the following?
A. Insurable interest
B. Insurance exchanges
C. Law of large numbers and risk pooling
D. Population table data

Answers

Law of large numbers and risk pooling. Insurance companies determine risk exposure by using statistical principles such as the law of large numbers and risk pooling.

By analyzing a large pool of policyholders, they can accurately predict the likelihood of claims and set premiums accordingly.

The law of large numbers states that as the number of events (in this case, insured individuals) increases, the observed results (claims) will converge to the expected values (probability of claims). Risk pooling involves spreading the risk across a diverse group of policyholders, which helps mitigate individual losses and stabilize the overall risk exposure for the insurance company.

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1. Describe what is meant by wealth?
2. What is wealth and how do you think it relates to budgeting?
3. Identify a wealthy person; a.what makes this person wealthy?
b.How did they earn their wealth?

Answers

Answer:

All the answers of the asked question are discussed below in detailed explanation.

Explanation:

Wealth includes the evaluation of all the items of merit occupied by an Individual, society, corporation, or nation. ... Fundamentally, wealth is the collection of limited resources. Particular people, corporations, and countries are assumed to be wealthy when they are able to acquire many necessary resources or goods.

hurry please i need the answer im on a quiz

hurry please i need the answer im on a quiz

Answers

The transcontinental railroad change life for people in the United States because it became much easier to travel from the east to the west.

What is transcontinental railroad?

Contiguous railroad trackage that spans a continental land mass and has terminals at various oceans or continental borders is known as a transcontinental railroad or transcontinental railway. Such networks can be over lines that are owned or controlled by a single railroad, a network of railroad companies, or both along a continuous path.

Although there are railroads all over Europe, they are typically not regarded as transcontinental, with the potential exception of the legendary Orient Express.

Transcontinental railroads made it possible to explore and settle previously unreachable uninhabited interior areas of continents.

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when talking with the owner about the property and comparing it to other properties recently sold in the area, he tells the owner he appraises the property at a value of $350,000. what, if anything, did charles do wrong? unset starred question

Answers

Charles, a real estate professional, referred to his assessment of the property's worth as an appraisal.

What is the definition of a real estate professional?

Real estate investing is an excellent way to build long-term wealth. However, there is a great deal of ambiguity when it comes to real estate and taxes. A formal IRS tax classification is a real estate professional. It is not anyone associated with the real estate industry.

To qualify as a real estate professional, individuals must first meet stringent IRS requirements. However, if you qualify, you will receive significant tax benefits.

Individuals typically cannot deduct losses from passive activities from their taxable income. Real estate losses, for example, cannot generally be used to offset W-2 wages. This is referred to as a passive activity loss (PAL) limitation by the IRS.

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Correct question:

Charles, a real estate professional, has just finished touring a property he'd like to list for sale. When talking with the owner about the property and comparing it to other properties recently sold in the area, he tells the owner he appraises the property at a value of $350,000. What, if anything, did Charles do wrong?

Note that common work styles are listed toward the top, and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Actors? Select four options. investigative adaptability/flexibility cooperation conventional dependability concern for others

Answers

The common work styles needed by Actors are Adaptability/Flexibility, Cooperation, Concern for Others, and Dependability. So, the correct answers are A, B, C and D.

Based on the O*NET database, the common work styles needed by Actors are Adaptability/Flexibility, Actors must be able to adapt to different roles, environments, and situations. Cooperation, Actors often work as part of a team, and must be able to collaborate and cooperate with others.

Concern for Others, Actors must be able to empathize with their characters and understand the emotions and motivations of others. Dependability, Actors must be reliable and show up on time for rehearsals, performances, and other commitments. So, the correct options are A, B, C and D.

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PLEASE HELP QUICK!!!
Which of the following is an advantage of buying your home over renting?
(1 point)
O You do not have to worry about the housing market in your area.
O The amount you pay each month is set by the terms of your mortgage.
O If something breaks, you have to fix it or pay to have it fixed.
O Your mortgage payments will far exceed the value of your home.

Answers

The amount you pay each month is set by the terms of your mortgage.

Answer:

The amount you pay each month is set by the terms of your mortgage.

Explanation:

connexus

Paying for the right to buy a stock at a given price is known as a ________________.

Answers

ANSWER

strike price

Explanation:

call option give the holder the right to buy 100 shares of a company at a specific price known as the strike price

aparawa, an east african country, was plagued by disease for several years. this led to poor economic conditions, and the government was compelled to borrow funds from other nations. because of the slow economic growth in the country, the government could repay only 20% of its debts. in this scenario, the amount that the government is yet to repay is known as . the federal debt a budget surplus the debt brake a revenue deficit

Answers

The government of Aparawa is facing a debt surplus, which means that it still owes money to other nations even though it has already paid back some of its debt.

The term "surplus" in economics refers to the amount by which the government's revenues exceed its expenditures.

When the government has a budget surplus, it means that it has extra funds that it can use to pay off its debts. However, in the scenario we are discussing, the government of Aparawa has a different kind of surplus - a debt surplus. This means that the government still owes money to other nations even though it has already paid back some of the debt.

To understand how a debt surplus works, let's consider an example. Suppose the government of Aparawa borrows $100 million from another country to help fight the disease outbreak.

Due to poor economic conditions, the government is only able to repay $20 million of this debt. The remaining $80 million is what we would call the debt surplus. This means that the government still owes $80 million to the other country, even though it has already paid back some of the debt.

It is important to note that a debt surplus is not the same as a budget surplus. In a budget surplus, the government has extra funds that it can use to invest in the country's economy or pay down its debt.

However, in a debt surplus, the government still owes money and has limited funds available for other purposes.

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our self-talk consists of words pictures and emotions. as we imprint our affirmations we

Answers

Self-talk is your inner voice or the way you speak to yourself. Although you almost probably are doing it without realizing it, you almost certainly are. In order to produce an internal monologue throughout the day, this inner voice mixes conscious thoughts with ingrained beliefs and biases.

What are the four categories of self-talk?

Your inner discourse is known as self-talk.

Personalizing. You own all of the guilt for yourself.

Magnifying.

Catastrophizing.

Polarizing.

What are the five tiers of one's own self-talk?

Helm Stetter outlines the "Five Levels of Self-Talk" (Negative Acceptance, Recognition and Need to Change, Decision to Change, The Better You, and Universal Affirmation) and offers advice on how to navigate each level for significant life changes.

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organizational determinants relate to the internal environment, including the structure, culture, size, and complexity of the organization. group of answer choices true false

Answers

Organizational determinants are factors that affect the internal environment of an organization, such as its structure, culture, size, and complexity. true. According to social loafing, participation in a task will boost performance if it is simple or well-learned.

What are the five requirements for effective teams?

What are the five requirements for a successful team? Being a true team rather than a team in name only, having a motivating direction, having an enabling structure, keeping a supportive organizational setting, and having professional coaching are all necessary.

The Seven Qualities of Effective Teams

Clear Expectations are number one.

2) The Value of Selflessness in Collaboration.

3) Many Views, One Objective.

4. Promote Free and Open Communication.

5) The Importance of Flexibility.

6) Innovation is sparked by constructive conflict.

7) Numerous Voices, One Message

Three criteria were suggested by Hackman for measuring team effectiveness: output, cooperation, and member development. These standards still hold true, and we advise leaders to utilize them to calibrate their teams over time.

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How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

If a nonbinding price floor is imposed on a market, then the a. quantity sold in the market will stay the same. b. price in the market will increase. c. price in the market will decrease. d. quantity sold in the market will decrease.

Answers

The thing which would happen if  a nonbinding price floor is imposed on a market is that the quantity sold in the market will stay the same

What is a NonBinding Price Floor?

This refers to the price which is significantly lower than the equilibrium market price.

Hence, when a nonbinding price floor is imposed on a market, then this simply means that the quantity sold in the market will stay the same because they are operating way below the surplus.

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The tax paid for land is known as
i)direct tax
ii)land revenue tax
iii)income tax​

Answers

Answer:

land revenue tax

Explanation:

this is the money paid to make known that the land is yours

Please answer this question as soon as possible and in right way .
Don't copy paste the last answer
Government in Canada? A photo journal of my relationship.
What are the different areas of responsibility for each level of government: municipal, provincial, and federal?
Which level of government has the most impact in your life?
For each level of government, what are the issues or areas of responsibility and explain how it relates or directly affects your life.
Using the concept of political significance explain the impact of the issue or area of responsibility on your life. Use "I" statements to personalize your captions.

Answers

The government in Canada is comprised of three levels: municipal, provincial, and federal. Each level has different areas of responsibility and plays a unique role in our daily lives.

At the municipal level, responsibilities include local issues such as garbage collection, snow removal, and parks and recreation. As a resident of a municipality, these services directly impact my daily life. For example, the availability of parks and recreational facilities provides me with opportunities to stay active and socialize with others in my community.

At the provincial level, responsibilities include issues such as healthcare, education, and transportation. As a student, the quality of education provided by my province affects my future opportunities and success. Additionally, the accessibility and efficiency of public transportation directly impact my ability to travel to work and other commitments.

Finally, at the federal level, responsibilities include issues such as national defense, immigration, and international trade. The policies and decisions made at the federal level have the potential to impact my daily life in a variety of ways. For example, changes to immigration policies could affect the diversity of my community and workplace.

Overall, I believe that each level of government has a significant impact on my life. While the areas of responsibility differ, they are all essential to ensuring the smooth functioning of society. By understanding the different levels of government and their responsibilities, I am better equipped to engage with the political process and advocate for the issues that matter to me.

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When it comes to credit scores, why is having a thin file not an asset?.

Answers

The possession of a credit thin file is a liability and not an asset because its does not allows lender to access your credit worthiness which makes it hard to obtain loans or credit.

What is a credit scores?

A credit score serves an a finacial tool that helpt to tells about someone's creditworthiness.

Normally, the higher the credit score, the higher the rate of repayment of credit.

Hence, these credit score are used by lenders to decide whether to borrow, extend or deny credit for a borrower.

However, having a thin file is not considerd an asset in credit scores because its does not let us know the willing borrower's repayment history of credit.

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Which is an approach to location analysis that includes both qualitative and quantitative considerations?

Answers

An approach to location analysis that includes both qualitative and quantitative considerations is the mixed methods approach.

The mixed methods approach combines qualitative research methods, which focus on gathering and analyzing non-numerical data such as interviews, observations, and case studies, with quantitative research methods, which involve the collection and analysis of numerical data through statistical techniques. In the context of location analysis, the mixed methods approach would involve considering both qualitative factors (such as market conditions, local culture, labor availability, and environmental factors) and quantitative factors (such as demographic data, market size, infrastructure, transportation costs, and tax incentives) when evaluating potential locations for a business or investment.

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1. Which of the following is the term for the overall impression gathered from information
that is seen, heard and experienced by customers who encounter a business, its products
and services?
A. Brand promise
B. Positive feeling
C. Company culture
D. Company brand

Answers

The answer is D company brand

Company brand is the term for the overall impression gathered from information that is seen, heard and experienced by customers who encounter a business, its products and services. Hence, option D is correct.

What is a Company brand?

The brand of a firm serves as its identity and is one of the most valuable aspects of the enterprise. Consumers recognize brands, and rivals are wary of them. The marketing of a company's products must include strong company branding.

Despite the fact that brands are typically immaterial, we frequently connect them to things like products and names. Apple, Nike, Coca-Cola, Advil, and Tylenol are a few examples.

A firm is made up of workers who cooperate to accomplish a common objective. A brand, which is the personality of the company, is represented through specific aspects of the goods that a company makes. For instance, an apple may serve as the company's logo, mascot, and social media icon for an apple packaging company.

Thus, option D is correct.

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creating a budget is about your wishes and hopes for what you want your income to be.
True
False​

Answers

Answer:

False.

Explanation:

Creating a budget is not about your wishes and hopes for what you want your income to be, but must be done by having a realistic perception of the income and expenses that each person has from month to month. In this way, you can project responsibly, avoiding incurring debts or other negative consequences.

Three types of lobbying?​

Answers

Yes they are u didn’t know
Yes there are you didn’t know that?

What can a boosted post help an advertiser achieve?

Answers

A boosted post helps an adviser to connect with the audience and gain trust.

Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.

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Look at the equation framework.

3 empty boxes show the parts of an equation. The first box = the second box minus the third box.
Which of the following lists the proper placement of terms, from left to right, to complete the equation?

revenue, profit, opportunity cost
profit, revenue, production cost
production cost, profit, revenue
opportunity cost, revenue, profit

Answers

Answer:

profit, revenue, production cost

Explanation:

Profit is the rewards or gains realized for engaging in business activities. A business is profitable when revenue is more than the expenses.

Revenue is the income generated from the normal business activities of selling goods and services.

Production costs are the expenses incurred in making goods meant for sale.

Answer:

B

or

profit, revenue, production cost

Explanation:

an employee can be dismissed if their job surplus to requirements' outline why this state ment is false

Answers

Hiring labour is different from buying other goods and services, and the contract between the employer and the employee is incomplete. It does not cover what the employer really cares about, which is how hard and well the employee works.

1. Which of the following is the money or other resources needed to pay for a part or
parts of the company?
A. Investment
B. Purchasing cost
C. Grant
D. Finance

Answers

Answer:

A. Investment

Explanation:

The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.

A producer is someone who _____________. A. Makes a commodity available for sale or exchange B. Buys or trades in order to receive a commodity C. Is in the market for a commodity D. Receives a commodity from a business

Answers

Answer:

The correct answer is C because the producer creates products so they can sell it to other countries or places.

Explanation:

Answer:

A Makes a commodity available for sale or exchange

Explanation:

correct on edge

Eric has decided to invest small amounts in bonds over time. This rules out purchasing a single bond. He is seeking a bond mutual fund with a yield over 4%. Which fund would you recommend?
Mutual fund name:
Ticker symbol:
Mutual fund objective:
Expense ratio:
Minimum investment:
Minimum additional investment:
Yield:

Answers

Eric has decided to invest small amounts in bonds over time. This rules out purchasing a single bond. He is seeking a bond mutual fund with a yield over 4%. Yield, fund would be recommended.

What is bonds?

Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.

Bonds yield income, are think over little riskier than working capital and can help change portfolios. The first is to hold those bonds yield until their maturity date and accumulate interest commences on them. Bonds, in general, are less risky and more buttoned-up than frameworks in yield.

As a result, the significance of the bonds yield to invest small amounts in bonds over time are the aforementioned.

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A selection committee helps to select what as it pertains to hiring

A selection committee helps to select what as it pertains to hiring

Answers

The answer is New Employees, A selection committee helps to select new employees as it pertains to hiring.

Does hiring entail payment?

When you hire someone, you put them to work for you or pay them to perform a specific task. When you hire something, you give the owner money in exchange for the right to use it for a specific amount of time.

What distinguishes hiring from recruitment?

Despite the fact that these phrases are occasionally used synonymously, they differ significantly. When a position needs to be filled, hiring takes place. Recruitment is the process of luring outstanding people to your company.

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Grandpa owns a farm. in a signed writing, grandpa gave sue the irrevocable right to use a road on his farm so that sue could more easily reach her own property. what kind of interest in land did grandpa give to sue

Answers

The kind of interest in the land did grandpa give to sue is  Easement appurtenant.

What is interest?

"Interest in land" refers ownership right of any individual in their property. A right over a piece of real estate is referred to as an interest in land.

A registered proprietor tenement and dominating tenement estates are connected together in an easement appurtenant.This right of property entitles the possessor to use adjacent land.

This real estate goes with the land when you sell it. The land parcel that benefits from the easement is known as the dominant tenement, whereas the land parcel that supplies the easement is known as the servient tenement.

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What is the approximate solution to this? which one of the following statements is true about frequency distribution?a. Data array values and bins array values are sorted in ascending orderb. Data array values are started in ascending order. whereas the bins array values as sorted in descending orderc. Bins array values are distributed into the data arrayd. Values in the data array are distributed into bins I NEED HELP PLSSS??? Is message of song important?. Which of these is an example of erosion? A light shining onto a mountain B wind blowing away sediment C rain breaking down rock D all of the above the electric force on a charged particle in an electric field is f. (a) what will be the force if the particles charge is quadrupled and the electric field strength is halved? after the u.s., which country has the most english speakers? Which of the following is a non-invasive approach to detect, stage and monitor treatment of cancer?a) GWAS b) pharmacotherapy c) sequence analysis of circulating tumor DNA d) exome sequencing the proportion of the variation in the values of a response y that is explained by the least-squares regression of y on x is: suppose you have two parallel conducting plates that are separated by 2.9 mm HALP find the x and y to the following 2x-3y=5 and x+2y=-1 What were the military outcomes and important results of the German invasion of France, the Battle of Britain, and the German invasion of the Soviet Union in 1914? This reaction has a nucleophile bonded to the carbon of acyl group replaced by another nucleophileNucleophilic acyl substitution1st order nucleophilic substitution2nd order nucleophilic substitutionElectrophilic aromatic substitution At a carnival, there is a raffle with 125 tickets. One ticket will win a $150 prize, twelve tickets will win a $80 prize, and the remaining tickets will win nothing. If you have a ticket, what is the expected payoff? explain the role that World WarI had on the birth of the Harlem Renaissance. early twentieth century russia was in great turmoil as the bolshevik revolution ended 300 years of monarchical rule. tsar nicholas romanov, his wife, tsarina alexandra, and their five children were placed under house arrest, but disappeared in the summer of 1918. rumors abounded about their possible execution or escape from russia. two years later, a young woman named anna anderson claimed that she was anastasia, the youngest daughter of tsar nicholas ii. there was much controversy surrounding anna's claim. some believed she was a fraud, others that she was indeed the lost princess anastasia. anna remained steadfast in her claim until her death in 1984. in 1991, the remains of nine skeletons, five male and four female, were exhumed from a shallow grave east of moscow. evidence from nuclear dna showed that three of the young women were related and that one of the men and one of the women were their parents. further evidence from mitochondrial dna (mtdna) showed that one of the women could be positively identified as tsarina alexandra and that one of the men was indeed tsar nicholas ii. the other three women had mtdna that matched that of the tsarina's and were identified as three of the tsar's children. anastasia and her younger brother, alexei, were not among those found in the grave. this led to further speculation about anastasia's possible escape from russia after her parents were killed. in 2007, an additional grave was found near that exhumed in 1991. it contained the remains of a teenage girl and boy. these remains were mtdna tested, as well as samples from anna anderson, uncovered from hospital storage long after her death. analysis of the mtdna supported the hypothesis that princess anastasia had been killed with her family in 1918. which statements support this hypothesis? true or false: most the feeding disorders of infancy, childhood and early adolescents in the dsm-iv convert to some form of eating disorder in adulthood, such as pica transitioning into binge eating disorder. all of the following information sources would be useful in deciding which computer to buy except: a. magazine articles b. in-store trials c. online user reviews d. a chapter in a two year old textbook please select the best answer from the choices provided a b c d question based on the map above, which of the following best identifies and explains the region of south america that would have a more moderate climate? responses the west coast would have a more moderate climate because of the peru current. dr. eplin is conducting a study with hundreds of children and the parents who raised them, but are not biologically related to the children. dr. eplin is curious whether genes or the household environment has a greater influence on children's behavior. what kind of study is dr. eplin conducting?