Many organizations perform surveysto determine the satisfaction of their customers. Attitudes toward various aspects of campus life were the subject of one such study conducted at University. Each item was rated on a 1 to 5 scale with 5 being high satisfaction and 0 being low. The average response of the 1568 first-year student respondantsto the "Feeling Welcomed at Purdue" item was 3.83 with a standard deviation of 1.10. The average response the 1023 sophomores to the "Feeling Welcomed" item was 3.72 with a standard deviation of 1.42. At significance level of 10% does this data provide evidence that first-year and sophomore students at Purdue feel differently about the welcomingness of the campus?

a.How many sample(s) is/are there?

b. You need to use______ procedures in this case.

c. The test statistic is (to four decimal places):

d. The p value is (to four decimal places):

We should conclude that:

We can also conclude that:

Other data:

1.  Accrued but unrecorded and uncollected consulting fees earned at December 31 amount to: $27500.

2. The company determined that $16500 of previously unearned consulting fees had been earned at December 31.

3.  Office supplies on hand at December 31 total $330

4.  The company purchased all of its equipment when it first began business. At that time, the estimated useful life of the equipment was six years.

5. The company prepaid its nine-month rent agreement on June 1, 2020.

6. The company prepaid its six-month insurance policy on December 1, 2020

7.  Accrued but unpaid salaries total $13200 at December 31,2020.

8. On September 1, 2020, the company borrowed $66000 by signing an eight-month, 4 percent note payable. The entire amount, plus interest, is due March 31, 2021.

Account                                                                                 Debit                             Credit

Cash                                                                                       304,150

Accounts Receivable                                                             99,000

Office supplies                                                                            880

Prepaid rent.                                                                            3,960

Unexpired insurance                                                              1,650

Office equipment                                                                  79,200

Accumulated depreciation: office equipment                                                          26,400

Accounts payable                                                                                                              4,400

Notes payable (due 3/1/12)                                                                                          66,000

Interest payable                                                                                                                    660

Income taxes payable                                                                                                       9,900

Dividends payable                                                                                                             3,500

Unearned consulting fees                                                                                              24,200

Capital stock                                                                                                                   220,000

Retained earnings                                                                                                           44,000

Dividends                                                                              3,500

Consulting fees earned                                                                                               550,000

Rent expense                                                                        16,170

Insurance expense                                                                 2,420

Office supplies expense                                                        4,950

Depreciation expense: office equipment                        12,100

Salaries expense                                                                363,000

Utilities expense                                                                    5,280

Interest expense                                                                    3,300

Income taxes expense                                                        49,500

Totals                                                                                   949,060                      949,060

1. Prepare the necessary year-end closing entries.

In which society/societies does the balance of power between men and women shift to men? Select one:

A. Hunting and Gathering B. Industrial C. Postindustrial D. Horticultural and Agricultural

Which of the following family names is a member of the lower-upper class or the "nouveau riche"? Select one:

A. Bill and Melinda Gates, who founded Microsoft B. the DuPont family, who arrived in America in the 18th century C. the Carnegie family, who built America's steel empire D. the Rockefeller family, who became the oil barons of the 19th century

When it comes to race relations this is an important principle to understand: Select one:

A. People act on perceptions and beliefs, not facts. B. There are only four pure races. C. Interracial marriage, the superior race gets inferior traits. D. Race is one of the most important reasons that people do what they do.

Policies set by the federal government largely determined the fate of ______. These policies evolved through several stages which includes separation, extermination, and forced assimilation. Select one:

A. Native Americans B. Mexican Americans C. Japanese Americans D. African Americans

According to this perspective, children must first learn the meaning of "girl" and "boy" and then place themselves in the appropriate category. Select one:

A. Gender equity B. Symbolic Interactionist C. Conflict D. Functionalist

Within a _____ system, a fixed social position is determined at birth; within a _____ system, a person's social position can change over time. Select one:

A. Caste; Class B. Party; Status C. Educational; Income D. Class; Caste

_____ are one of the most disadvantaged groups in the United States. Anywhere from 50 to 80 percent are unemployed and their suicide rate is twice the national average. Select one:

A. African Americans B. Cuban Americans C. Puerto Rican Americans D. Native Americans

According to this ideology, all causes of inequality are related to each other. Thus, the inequality women experience because of their gender may be reinforced by their social class or race. Select one:

a. libertarian b. gender equity c. women's movement d. inclusive feminism

In the winter of 1838-1839, the U.S. Army rounded up 15,000 Cherokees and forced them to walk 1,000 miles from the Carolinas and Georgia to Oklahoma. This event is called: Select one:

A. Trail of Tears B. Native Assimilation C. The Cherokee Roundup D. The Warning Shot

According to this view, the inequality that women experience because of their gender may be reinforced by their social class and racial characteristics. Select one:

A. Inclusive feminism B. Glass ceiling C. Gender equality D. Feminism

Consider a two-period consumption model where an individual has income I_t > 0 in period t and the (net) interest rate is r > 0. However, suppose the price levels are not assumed to be 1. Instead, let p₂ ≥ p₁ > 0.

(a) Derive the lifetime budget constraint.

(b) What is the slope of the lifetime budget line? Letting 1 + π = p₂/p₁ bethe gross inflation rate, given an interpretation of the magnitude of them budget line.

(c) Suppose p₂ = p₁ and I₂ = I₁ > 0 initially. Now, suppose there is inflation and the period 2 price rises to p′₂ = (1+π)p₁, where π > 0, while p₁ stays the same. Using a utility maximization diagram, show that an individual who was initially a borrower is made better off if her period 2 income also rises to I₂′ = (1 + π)I₂.

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Q.) State whether the following statements are true or false. Shortly explain your answer in 1-2 sentences.

a) In the basic model of individual labor supply, if leisure is a normal good, an increase in non-labor in-come will reduce hours worked.

b) In the basic model of individual labor supply, the introduction of a proportional tax rate on labor income will decrease hours worked.

c) The cross-elasticity of factor demand measures how sensitive the demand for a particular input factor (e.g. employment) is to changes in its own price.

d) In the long run a competitive firm chooses the optimal level of output by setting MC=p.

Sally has been practicing as an individual counselor for several years and has just begun working as a group counselor. As a part of her training, she led a psychotherapy group of women who had been hospitalized for mental disorders. Because she was sensitive and well trained as an individual clinician, Sally did well with the group. Members seemed to like her and she felt confident in her abilities, as did her ­clinical supervisor. After a busy and difficult week, Sally decided to skip supervision, stating to a colleague, “I am sure both my supervisor and I can find better things to do this week.” What was wrong with what Sally did? What was right about it? What do you think would have been the best course of action for Sally to take in this situation? Why is supervision important for group workers?

QUESTION TWO
Investment Environment & Management Process
Floro is a young energetic lady aged 23, she is in excellent health, she lives a simple but active lifestyle, and currently childless. Through her boyfriend’s advice who is a Finance guru, she has developed interest in investment related activities and has interest in investing K70, 000 resources given to her upon her graduation from Mulungushi University as a present from her boyfriend. She doesn’t want her boyfriend to know about these plans and decides to seek for advice from you as an investment scholar. She is currently unemployed but is actively looking for full-time employment which is promising to come by any moment. She is also looking forward to starting a family in the near future. Currently, the following assets are available for use in building an appropriate portfolio:
a. What comprehensive Investment policy statement would you formulate for Floro? It should be inclusive of important Objectives and constraints.
b. Given the information, what long term asset allocation (Minimum Three Assets) would you provide for the investment Policy statement and what assumptions are you putting in place to justify its usage.

QUESTION TWO Investment Environment & Management Process Floro is a young energetic lady aged 23, she is in excellent health, she lives a simple but active lifestyle, and currently childless. Through her boyfriend’s advice who is a Finance guru, she has developed interest in investment related activities and has interest in investing K70, 000 resources given to her upon her graduation from Mulungushi University as a present from her boyfriend. She doesn’t want her boyfriend to know about these plans and decides to seek for advice from you as an investment scholar. She is currently unemployed but is actively looking for full-time employment which is promising to come by any moment. She is also looking forward to starting a family in the near future. Currently, the following assets are available for use in building an appropriate portfolio: a. What comprehensive Investment policy statement would you formulate for Floro? It should be inclusive of important Objectives and constraints. b. Given the information, what long term asset allocation (Minimum Three Assets) would you provide for the investment Policy statement and what assumptions are you putting in place to justify its usage.

Hanlon Advertising Company began the current month with the following balance sheet.

Cash ...................... $ 80,000 Liabilities.................... $ 70,000

Noncash assets ............. 135,000 Contributed capital............ 110,000

Earned capital ............... 35,000

Total assets................. $215,000 Total liabilities and equity ....... $215,000

Following are summary transactions that occurred during the current month.

1. The company purchased supplies for $5,000 cash; none were used this month.

2. Services of $2,500 were performed this month on credit.

3. Services were performed for $10,000 cash this month.

4. The company purchased advertising for $8,000 cash; the ads will run next month.

5. The company received $1,200 cash as partial payment on accounts receivable from transaction 2.

6. The company paid $3,400 cash toward the accounts payable balance reported at the beginning of the month.

7. The company paid $3,500 cash toward this month’s wages expenses.

8. The company declared and paid dividends of $500 cash.

Required

a. Record the effects of each transaction using the financial statement effects template.

b. Prepare the income statement for this month and the balance sheet as of month-end