Pursuing an MBA is a major personal investment. Tuition and expenses associated with business school programs are​ costly, but the high costs come with hopes of career advancement and high salaries. A prospective MBA student would like to examine the factors that impact starting salary upon graduation and decides to develop a model that uses program​ per-year tuition as a predictor of starting salary. Data were collected for 37 ​full-time MBA programs offered at private universities. The data are stored in the accompanying table. Complete parts​ (a) through​ (e) below.

a. Construct a scatter plot.

b. Assuming a linear​ relationship, use the​ least-squares method to determine the regression coefficients b₀ and b₁.

c. Interpret the meaning of the​ slope, b₁​, in this problem.

d. Predict the mean starting salary upon graduation for a program that has a​ per-year tuition cost of $47,424.

e. What insights can be obtained about the relationship between program​ per-year tuition and starting salary upon​ graduation?

A computerized driving test held ten sessions in a day. The overall passing rate of the driving test is 87.5%. In each session, there are 14 candidates. (a) Most likely, how many candidates would pass the test in a session? What is the probability of its happening? (b) What is the probability that more than 10 candidates in a session can pass the test? (c) What are the (i) expectation, (ii) variance, and (iii) standard deviation of number of candidates can pass the driving test in a day. (d) Suppose each candidate who fail the driving test will immediately join the tutorial class for the 2nd test. The charge of the tutorial class is $400. What are the (i) expectation and (ii) standard deviation of the daily income earned from the tutorial class?

Compute the 2018 Federal income tax in the following cases.
All are residents of New York State.

Alan, single, lives by himself, income 145,000, Itemized deductions 9,500.

Bob, single lives with his brother who was fired from his job in 2016 and has not earned any money since then. Bob's income was 115,000 and itemized deductions of 21,000.

Chad and Doris, married, no children or dependents.  
Income itemized deductions
Chad 125,000 31,000
Doris 135,000 4,500
Compute tax for Chad and Doris using married joint and married separate tax tables.

Ed, single earns 82,355 and had itemized deductions of 9,200.

Please show work

Sorry this is all my professor gave me in the email.

14.- A sociologist asserts that only 5% of all seniors in high school, capable of performing work at the university level, actually attend university. Find the probabilities that among 180 students capable of performing work at university level:
a) exactly 10 attend college using the binomial
b) Using the normal distribution
c) at least 10 go to university using binomial T.I or excel
d) Using the normal distribution
e) when many eight go to university using binomial or excel
f) Using the normal distribution

Assume that you are deciding whether to acquire a four-year university degree. Your only consideration at this moment is the degree as an investment for yourself. Costs per year are tuition fees of $600 and books at $100. The government also pays to the university an equivalent amount to your tuition fees to cover the real cost. If you don't go to university, you could earn $6000 per year as an acrobat. With a university degree, however, you know that you can earn $10,000 per year as an acrobat. Because of the nature of your chosen occupation, your time horizon for the investment decision is exactly 10 years after university; that is, if the investment is to be worthwhile, it must be so within a 10-year period after graduation. The market rate of interest is 5 percent. Would you make the investment in a university degree? This problem involves calculating the present discounted value of a flow of future earnings. Please assume that you face a 14-year horizon. The first four year are the only opportunity you have to go to university; either you choose to go to university at the beginning of year one or never. After attending university graduation, you have exactly 10 years to work as a university educated acrobat. You will need to use a calculator for this problem. Please show your work. Using an Excel spreadsheet for your calculations is allowed.

Assume you are in the manufacturing business here in the US, and your Company exports the majority of its products overseas. Assume the US Dollar strengthens against many of the key the currencies of the countries into which you sell your products, and that seems to be a condition that will exist for some time.

a. How might that exchange rate move impact your Company and why would that be so?

b. What long term strategy might help your Company mitigate the impacts of the exchange rate shift and why might it be effective?

My thinking is that the responses may be between 1 and 3 pages

FV Company earned net income of $75,000 during the year ended December 31, 2012. On December 15, FV declared the annual cash dividend on its 5% preferred stock (par value, $115,000) and a $0.50 per share cash dividend on its common stock (55,000 shares). FV then paid the dividends on January 4, 2013.

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Requirements

1. Journalize for FV:
2. Declaring the cash dividends on December 15, 2012.
3. Paying the cash dividends on January 4, 2013.

Cash Received before Revenue is Earned (Deferred Revenue)

1) The Insurance Company in (1) above received the cash paid by Nordstrom. What is the entry to record on the books of the Insurance Company?

Entry on the books of the Insurance Company

2) The Insurance Company provides protection for the next 12 months. What is the entry on a monthly basis?

3) On March 1, a friend gives you a $100 Nordstrom gift card. How does Nordstrom record this entry?4) You redeem your gift card. How does Nordstrom record this entry on March 31?

Expense Incurred before Cash is Paid (Accrued Liability/Accrued Expense)

1) Nordstrom pays a total of $280,000 in wages every other Friday. What is the journal entry on June 14th?

2) Nordstrom owes employees’ wages for the last two days of June and must recognize an expense for the wages earned by employees for those days. Assume the store is open seven days a week and the daily cost is 1/14th of the biweekly amount of $280,000 or 20,000. What is the entry to adjust the records for the last two days of the month (June)?

3) Using information obtained from (1) and (2) above. What entry will be made on the next payday (July 12)?

4) Assume Granger Company takes out a 9%, 90-day, $20,000 loan with its bank on March 1. Granger will repay the principal and interest on May 30. What is the entry on Granger’s books?

5) What is the entry to record 1 month of interest at the end of March? April? 6) What is the entry when Granger repays the principal and interest on May 30?

Revenue Earned before Cash is Received (Accrued Asset/Accrued Revenue)

1) Grant Management Company rents warehouse space to tenants. The contract calls for prepayment of rent for six months at a time. Grant allows one tenant to pay $2,500 in monthly rent anytime within the first ten days of the following month. The entry on Grants books at April 30 is?

2) What is the entry when the tenant pays the rent on May 7?

Exercise 2:

1) ABC purchases a 24 month fire insurance policy on January 1 for 54,000? What is the Journal Entry on January 31?

2) On April 1, GHI Corp took out a 12% 120 day, $10,000 loan at its bank. What is the journal entry on April 30?

Lumberton Home Maintenance Company (LHMC) earned operating income of $6,000,000 on operating assets of $62,500,000 during 2018. The Tree Cutting Division earned $1,000,000 on operating assets of $10,000,000. LHMC has offered the Tree Cutting Division $1,250,000 of additional operating assets. The manager of the Tree Cutting Division believes he could use the additional assets to generate operating income amounting to $112,500. LHMC has a desired return on investment (ROI) of 8 percent.

Required

Calculate the return on investment for LHMC, the Tree Cutting Division, and the additional investment opportunity.

Calculate the residual income for LHMC, the Tree Cutting Division, and the additional investment opportunity.

1. John operates a Limited Liability Company, Unity Landscaping, LLC., and has earned $100,000 in gross revenue for 2019. There are 2 members; John and Mike, and each are equal owners.

Sally operates a corporation, United Help, Inc., and has earned $80,000 in gross revenue for 2019. Sally is the sole owner.

It is now time for both to handle their taxes but they are unclear on how the structure works and how they handle their taxes for the companies. The business tax rate is 28%, and the personal tax rate is 25%. Calculate the taxes for the owners and companies so they can all know and understand their taxes: