You are preparing a statement of activities for the University of Richland, a private not-for-profit entity. The following questions should be viewed as independent of each other.

Part 1

During the current year, a donor gives $386,000 in cash to the school and stipulates that it must hold this money forever. However, any investment income earned on this money must be used for faculty salaries. During the current year, the investment earned $42,000 and, of that amount, the school has expended $29,000 appropriately to date. As a result of these events, what was the overall change in each of the following for the current year?

Unrestricted net assets.

Temporarily restricted net assets.

Permanently restricted net assets.

Part 2

A donor gives a large machine to the school on January 1 of the current year. It has a value of $201,000, no salvage value, and a 10-year life. The donor requires that the school keep the machine and use it for all 10 years, and the school agrees. It cannot sell or retire the machine in the interim. As a result of these events, what was the overall change in each of the following for the current year?

Unrestricted net assets.

Temporarily restricted net assets.

Operating expenses.

Part 3

Several years ago, a donor gave the school $430,000 in cash to help fund its financial aid program. This year, the school charged $2.40 million in tuition but granted $740,000 in financial aid. Collections to date from the students have totaled $1.50 million. The donor’s gift has offset $310,000 of the financial aid. As a result of these events, what was the overall change in each of the following for the current year?

Unrestricted net assets.

Operating expenses.

Temporarily restricted net assets.

Show your steps.

You are preparing a statement of activities for the University of Richland, a private not-for-profit entity. The following questions should be viewed as independent of each other.

1.  During the current year, a donor gives $429,000 in cash to the school and stipulates that it must hold this money forever. However, any investment income earned on this money must be used for faculty salaries. During the current year, the investment earned $41,000 and, of that amount, the school has expended $26,000 appropriately to date. As a result of these events, what was the overall change in each of the following for the current year?

a. Unrestricted net assets.

b. Temporarily restricted net assets.

c. Permanently restricted net assets.

2. A donor gives a large machine to the school on January 1 of the current year. It has a value of $214,000, no salvage value, and a 8-year life. The donor requires that the school keep the machine and use it for all 8 years, and the school agrees. It cannot sell or retire the machine in the interim. As a result of these events, what was the overall change in each of the following for the current year?

a. Unrestricted net assets.

b. Temporarily restricted net assets.

c. Operating expenses.

3. Several years ago, a donor gave the school $390,000 in cash to help fund its financial aid program. This year, the school charged $2.40 million in tuition but granted $790,000 in financial aid. Collections to date from the students have totaled $1.50 million. The donor’s gift has offset $400,000 of the financial aid. As a result of these events, what was the overall change in each of the following for the current year?

a. Unrestricted net assets.

b. Operating expenses.

c. Temporarily restricted net assets.

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Question: A researcher collected data from a random sample of 25 high school freshmen and found the mean of...

A researcher collected data from a random sample of 25 high school freshmen and found the mean of the sample to be 85.40 on the Test of Critical Thinking (TCT). She also calculated the standard deviation from the sample and discovered the value was 12.30. The average score on the Test of Critical Thinking for all high school seniors in a large school district is 90.00. The researcher wants to know if the mean TCT of the 25 high school freshmen in the random sample is different from the population’s (i.e., high school seniors) TCT mean.

e.What decision should be made about the null hypothesis? In other words, should you reject or retain the null hypothesis?
f. Construct a 95% confidence interval around the sample mean of 85.40. Does this confidence interval contain the population mean of 90.00?
g. Provide a brief conclusion regarding your findings. Use your powerpoint lecture slides for writing out the interpretation of your results.
[ME: What decision should be made about the null hypothesis? In other words, should you reject or retain the null hypothesis? (10p) e. f. Construct a 95% confidence interval around the sample mean of gaps. Does this confidence interval contain the population mean of 90.00? (Extra credit:10p) Provide a brief conclusion regarding your findings. Use your powerpoint lecture slides for writing out the interpretation of your results. (10p) g.]

6. For each of the scenarios below, identify the sampling blunder, speculate about the influence of the bias, and then make a recommendation for ridding the study of the biasing influence. a. A researcher wanted to know how people in the local community felt about the use of high-stakes testing in the public schools. The researcher spent the afternoon at Wal-Mart and randomly approached 100 shoppers to ask their opinion (they all agreed to cooperate). Random selection was accomplished with the use of a random number table (the numbers determined which shopper to target, such as the 16th to exit, then the 30th to exit, then the ninth to exit, etc.). b. A researcher wanted to know how students at a university felt about mandatory fees for all students to support a child care center for students with children. The researcher set up a table near the dormitory where many different types of students came and went. Those who stopped at the table and seemed friendly were asked to complete the questionnaire. c. To study differences in occupational aspirations between Catholic high school students and public high school students, a researcher randomly sampled (using school rosters and a random number table) 200 students from the largest Catholic high school and the largest public high school. d. To learn more about teachers' feelings about their personal safety while at school, a questionnaire was printed in a nationwide subscription journal of interest to many teachers. Teachers were asked to complete the questionnaire and mail it (postage paid) to the journal headquarters for tabulation. e. To study the factors that lead teachers in general to quit the profession, a group of teachers threatening to quit was extensively interviewed. The researcher obtained the group after placing an announcement about the study on the teachers' bulletin board at a large elementary school.

Which school of modern economic thought seems

most realistic? If this aligns with our studies, did that

have any influence on your decision? If this is

different from our studies, why do you think this

school better characterizes macroeconomic behavior?

Explain why the evidence given is not enough to inductively support the conclusion in this case: “He has a high GPA. Most people who successfully apply to business school have high GPAs. So he is very likely to get into business school.”

1. School Boards throughout the province of British Columbia are being required to upgrade their buildings to withstand serious earthquakes. Does increasing the earthquake standards on school buildings necessarily make schools a better place? What are some things that are likely to be sacrificed by doing this?

1. a) Time Magazine states that the drop out rate for high school seniors is ten percent. You conduct a test to see if the drop out rate for high school seniors is actually more than ten percent.  One hundred high school seniors were randomly selected to see if they had dropped out.  The number of these high school seniors who dropped out is 15. Determine the p-value using test statistic, z=1.67.  Draw the graph. (α =0.01)

b) Time Magazine states that the drop out rate for high school seniors is ten percent. You conduct a test to see if the drop out rate for high school seniors is actually more than ten percent.  One hundred high school seniors were randomly selected to see whether they dropped out.  The number of these high school seniors who dropped out is 5.  Use the information and answer from question 1 to make a decision. What is the decision? Explain. (α = .01)   

c) State the proper conclusion for this hypothesis test

2. a) The Maryland Department of Health claims that the proportion of heroin users in Maryland that have been infected by HIV is five percent. Suppose a researcher wants to show that this claim is not true.  The researcher randomly selects 100 Maryland heroin users and finds that 80 have been infected with HIV. Determine the p-value using the test statistic, z= -2.11. Draw the graph.(α = 0.1)

b) The Maryland Department of Health claims that the proportion of heroin in Maryland that have been infected by HIV is four percent. Suppose a researcher wants to show that this claim is not true.  The researcher randomly selects 10000 Maryland heroin users and finds that 80 have been infected with HIV. Use the information and answer from question 2 to make a decision. What is the decision?  Explain. (α = 0.1)

c) State the proper conclusion for this hypothesis test

Angie’s Repair Shop does custom sewing repairs for customers, including sewing on buttons and putting in new zippers. Angie went to business school, so she knows that she needs to keep an eye on her sales trends. Results for October through December are listed below.

Type of Job      Units

                         October    November     December

Sew on buttons     250                400               500

Put in new zipper   100                125              150

   Hem pants          200                 175              200

Hem skirt               100                  80                 75

Take in waistban      50                  40                30

Let out waistband    50                  75               100

Required 1. Perform a simple gap analysis of Angie’s sales 2. Using the data in problem, perform a percentage change, or trend analysis, of Angie’s sales. Do you spot any patterns in sales?

?Suppose that you are in the fall of your senior year and are faced with the choice of either getting a job when you graduate or going to law school. Of? course, your choice is not purely financial. ? However, to make an informed decision you would like to know the financial implications of the two alternatives. ? Let's assume that your alternatives are as? follows:??

If you take the? "get a? job" route you expect to start off with a salary of $40,000 per year. There is no way to predict what will happen in the? future, your best guess is that your salary will grow at 5 percent per year until you retire in 40 years. As a law? student, you will be paying ?$25,000 per year tuition for each of the 3 years you are in graduate school. ? However, you can then expect a job with a starting salary of $70,000 per year. ? Moreover, you expect your salary to grow by 7 percent per year until you retire 35 years later.???Clearly, your total expected lifetime salary will be higher if you become a lawyer. ? However, the additional future salary is not free. You will be paying 25,000 in tuition at the beginning of each of the 3 years of law school. In? addition, you will be giving up a little more than $126,000 in lost income over the three years of law? school: $40,000 the first? year, $42,000 the second? year, and $44,100 the third year.

a.??To start your analysis of whether to go to law? school, calculate the present value of the future earnings that you will realize by going directly to? work, assume a discount rate of 3 percent.

b.??What is the present value today of your future earnings if you decide to attend law? school, assuming a discount rate of 3 ?percent? Remember that you will be in law school for 3 years before you start to work as a lawyer. ? (Hint: assume that you are paid at the end of each year so that your first salary payment if you decide to go to law school occurs 4 years from? now.)

c.??If you pay your law school tuition at the beginning of each? year, what is the present value of your? tuition, assuming a discount rate of 3 ?percent?