A clinic manager conducted an 8-week training on new regulations affecting the practice. Each employee took a pre-assessment and a post-assessment to determine their level of knowledge on the content of the training. The data are as follow:

A) Conduct the appropriate t-test and indicate your evidence at α = 0.05 that the training was effective.

B) Write a one-sentence journal entry for the results.

C) Is this a two-tailed or one-tailed test? Explain your choice.

Is the overall regression significant, and what proves that it is or is not?

Are the two independent variables (X1 and X2) significant or not?

What is the estimated regression equation?

You have received a year-end bonus of $5000. You decide to invest the money in the stock market and have narrowed down your options to two mutual funds. This data represent the historical quarterly rates of return for each mutual fund for the last five years. Describe each data set using words related to shape, center, and spread. Which mutual fund would you choose to invest in, and why?

1. Frank Rizzo is considering two investment  options with seven-year lives. Option one pays $250 every quarter, the other pays $500 semi-annually. The option with the better value would be:
A. $250 every quarter.
B. Both options are equally attractive.
C. $500 semi-annually.

2. Darius Rucker is leaving Theta Tech after several years. During his time at Theta he accumulated a deferred payroll benefit.  He must choose between a lump-sum distribution or annual payments over the next 10 years, with his first payment deposited today. He believes he can invest any sum received at 5.15% for the next ten years. The annual payments are  $12,500 and the lump-sum distribution is $105,000. To the nearest dollar, the more valuable choice is:
A. The annual payments.
B. The lump-sum distribution.
C. Both choices have the same value.

A ) An entrepreneur invests $40,454.00 into a start-up business today. He expects the business will generate $60,003.00 per year for 14.00 years, and then it will generate $137,194.00 per year for the following 16.00 years. Suppose he wants a 9.00% annual return to run the business. What is the value of this business today if his forecasts are accurate? (HINT: Discount all cash flows to today and subtract start-up investment.)

B) A young graduate is planning on saving $600.00 each quarter for four years in an investment account paying 12.64% interest that is compounded quarterly. His first deposit will be made at the end of the next quarter, so this is a regular annuity. In 4 years, he also plans on being able to afford a 60-month car loan with $359.00 monthly payments at a 11.40% APR interest rate. Given the graduate’s plans, how expensive of a “dream car” will he expect to be able to purchase in four years?

Use the Chi-Square option in the Nonparametric Tests menu to answer the questions based on the following scenario.

Some researchers believe that abnormal behavior is more likely to occur during a full moon. To test this belief, a one-year study was conducted that categorized new clients at a mental health unit by lunar phases. The following data concerning the number of admissions during each phase was recorded. (Assume a critical level of significance of .05 and the expected frequencies are equally distributed across phases)

Full moon: 31

New Moon: 25

First Quarter: 30

Third Quarter: 28

5. Write an appropriate null hypothesis for this analysis.

6. What is the value of the chi-square statistic?

7. What are the reported degrees of freedom?

8. What is the reported level of significance?

9. Based on the results of the one-sample chi-square test, is there a statistically significant difference in the percentage of clients admitted during each moon phase?

10. Report and interpret your findings as they might appear in an article.

Presented below are two independent situations related to future taxable and deductible amounts resulting from temporary differences existing at December 31, 2020. 1. Sunland Co. has developed the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 2025 Taxable amounts $200 $200 $200 $200 $200 Deductible amount — — — (1,400 ) 2. Coronado Co. has the following schedule of future taxable and deductible amounts. 2021 2022 2023 2024 Taxable amounts $200 $200 $200 $200 Deductible amount — — (2,500 ) — Both Sunland Co. and Coronado Co. have taxable income of $3,800 in 2020 and expect to have taxable income in all future years. The tax rates enacted as of the beginning of 2020 are 30% for 2020–2023 and 35% for years thereafter. All of the underlying temporary differences relate to noncurrent assets and liabilities.

1. Compute the net amount of deferred income taxes to be reported at the end of 2020, and indicate how it should be classified on the balance sheet for situation one.

2. Compute the net amount of deferred income taxes to be reported at the end of 2020, and indicate how it should be classified on the balance sheet for situation two.

Skolt Products, Inc., is a merchandising company that sells binders, paper, and other school supplies. The company is planning its cash needs for the third quarter. In the past, Skolt Products has had to borrow money during the third quarter to support peak sales of back-to-school materials, which occur during August. The following information has been assembled to assist in preparing a cash budget for the quarter: a. Budgeted monthly absorption costing income statements for July–October are as follows: July August September October Sales $ 42,000 $ 72,000 $ 52,000 $ 47,000 Cost of goods sold 25,200 43,200 31,200 28,200 Gross margin 16,800 28,800 20,800 18,800 Selling and administrative expenses: Selling expense 7,400 11,900 8,700 7,500 Administrative expense* 5,800 7,400 6,300 6,100 Total selling and administrative expenses 13,200 19,300 15,000 13,600 Net operating income $ 3,600 $ 9,500 $ 5,800 $ 5,200 *Includes $2,000 depreciation each month. b. Sales are 20% for cash and 80% on credit. c. Credit sales are collected over a three-month period with 10% collected in the month of sale, 65% in the month following sale, and 25% in the second month following sale. May sales totaled $32,000, and June sales totaled $38,000. d. Inventory purchases are paid for within 15 days. Therefore, 50% of a month’s inventory purchases are paid for in the month of purchase. The remaining 50% is paid in the following month. Accounts payable for inventory purchases at June 30 total $12,300. e. The company maintains its ending inventory levels at 75% of the cost of the merchandise to be sold in the following month. The merchandise inventory at June 30 is $18,900. f. Land costing $4,700 will be purchased in July. g. Dividends of $1,200 will be declared and paid in September. h. The cash balance on June 30 is $7,000; the company must maintain a cash balance of at least this amount at the end of each month. i. The company has an agreement with a local bank that allows it to borrow in increments of $1,000 at the beginning of each month, up to a total loan balance of $60,000. The interest rate on these loans is 1% per month, and for simplicity, we will assume that interest is not compounded. The company would, as far as it is able, repay the loan plus accumulated interest at the end of the quarter. Required: 1. Prepare a schedule of expected cash collections for July, August, and September and for the quarter in total. (Do not round intermediate calculations.) 2. Prepare the following for merchandise inventory: a. A merchandise purchases budget for July, August, and September. (Do not round intermediate calculations.) b. A schedule of expected cash disbursements for merchandise purchases for July, August, and September and for the quarter in total.