Southeastern College began the year with endowment investments of $1,200,000 and $700,000 of restricted cash designated by a donor for capital additions.

During the year an additional $500,000 donation was received for capital additions. These funds, together with those contributed in the prior year, were used to purchase 150 acres of land adjacent to the university.

An alum contributed $200,000 to the permanent endowment and pledged to provide an additional $400,000 early next year. The cash was immediately invested.

By terms of the endowment agreement, interest and dividends received on the investments are restricted for scholarships. Gains or losses from changes in the fair value of the investments, however, are not distributed but remain in the endowment. During the year, $48,000 of interest and dividends were received on endowment investments.

At year-end, the fair value of the investments had increased by $7,000.

Required:
Prepare journal entries to record the above transactions assuming:
a. Southeastern College is a public university.
b. Southeastern College is a private university.

Southeastern College began the year with endowment investments of $1,290,000 and $780,000 of restricted cash designated by a donor for capital additions.

1. During the year an additional $508,000 donation was received for capital additions. These funds, together with those contributed in the prior year, were used to purchase 150 acres of land adjacent to the university.
2. An alum contributed $280,000 to the permanent endowment and pledged to provide an additional $500,000 early next year. The cash was immediately invested.
3. By terms of the endowment agreement, interest and dividends received on the investments are restricted for scholarships. Gains or losses from changes in the fair value of the investments, however, are not distributed but remain in the endowment. During the year, $58,000 of interest and dividends were received on endowment investments.
4. At year-end, the fair value of the investments had increased by $7,700.

Required:
Prepare journal entries to record the above transactions assuming:
a. Southeastern College is a public university.
b. Southeastern College is a private university.
  

An investigator in the Statistics Department of a large university is interested in the effect of exercise in maintaining mental ability. She decides to study the faculty members aged 40 to 50 at his university, looking separately at two groups: The ones that exercise regularly, and the ones that don’t. There turn out to be several hundred people in each group, so she takes simple random sample of 25 persons from each group, for detailed study. One of the things she does is to administer an IQ test to the sample people, with the following results: Regular Exercise No Regular Exercise Sample size 25 25 Average score 130 120 Standard deviation 15 15 The investigator concludes that exercise does indeed help to maintain mental ability among the faculty members aged 40 to 50 at his university. Is this conclusion justified? Explain whether you agree with her and show your reasoning mathematically. (20 points)

An investigator in the Statistics Department of a large university is interested in the effect of exercise in maintaining mental ability. She decides to study the faculty members aged 40 to 50 at his university, looking separately at two groups: The ones that exercise regularly, and the ones that don’t. There turn out to be several hundred people in each group, so she takes simple random sample of 25 persons from each group, for detailed study. One of the things she does is to administer an IQ test to the sample people, with the following results:

Regular Exercise:

Sample size: 25

Average score: 130

Standard deviation: 15

No Regular Exercise:

Sample size: 25

Average score: 120

Standard deviation: 15

The investigator concludes that exercise does indeed help to maintain mental ability among the faculty members aged 40 to 50 at his university. Is this conclusion justified? Explain whether you agree with her and show your reasoning mathematically

Southeastern College began the year with endowment investments of $1,200,000 and $700,000 of restricted cash designated by a donor for capital additions.

During the year an additional $500,000 donation was received for capital additions. These funds, together with those contributed in the prior year, were used to purchase 150 acres of land adjacent to the university.

An alum contributed $200,000 to the permanent endowment and pledged to provide an additional $400,000 early next year. The cash was immediately invested.

By terms of the endowment agreement, interest and dividends received on the investments are restricted for scholarships. Gains or losses from changes in the fair value of the investments, however, are not distributed but remain in the endowment. During the year, $48,000 of interest and dividends were received on endowment investments.

At year-end, the fair value of the investments had increased by $7,000.

Required:
Prepare journal entries to record the above transactions assuming:
a. Southeastern College is a public university.
b. Southeastern College is a private university

Pesto Company possesses 80 percent of Salerno Company's outstanding voting stock. Pesto uses the initial value method to account for this investment. On January 1, 2014, Pesto sold 8 percent bonds payable with a $14.2 million face value (maturing in 20 years) on the open market at a premium of $990,000. On January 1, 2017, Salerno acquired 40 percent of these same bonds from an outside party at 96.6 percent of face value. Both companies use the straight-line method of amortization. For a 2018 consolidation, what adjustment should be made to Pesto's beginning Retained Earnings as a result of this bond acquisition?

On October 31, 2017, Cool Company sells a truck that originally cost 140,000 $ for 95,000$ cash. The truck was placed in service on January 1, 2012. It was depreciated using the straight-line method with an estimated salvage value of 28,000 and a useful life of 10 years. Record all the transaction. On July 19, 2018, Cool Co. purchased a machine for 260,000 SA from Saudi Machine Company (SMC). Omar gave SMC 7% note due in 120 days in payment for the machine. What is the maturity date of the note? How much interest will Omar pay to SMC on this note? Record the note? On October 16, 2018, Cool informs us that the company is unable to pay the note or interest?

1. Compute the Mean and Median. Explain the meaning of these statistics. Which measure is  more appropriate for this sample? Explain why

The starting annual salaries of a sample of 20 recent MBA graduates are recorded. The data is presented below.

Article:
American factories are running short of parts. Suppliers of everything from engines to electronic components aren’t keeping up with a boom in U.S. manufacturing, which has lifted demand in markets such as energy, mining and construction. As a result, some manufacturers are idling production lines and digesting higher costs. Many industrial companies have reported strong sales and profits in recent weeks, and the pace of factory hiring has more than doubled this year compared with the first seven months of 2017. However, deliveries from suppliers have slowed for 22 consecutive months through July, according to the latest survey of U.S. manufacturers by the Institute for Supply Management. More than one-quarter of respondents said it took longer for materials to arrive in July than in June. Machinery was the hardest-hit sector. These bottlenecks were evident in the earnings reports manufacturers delivered over the past few weeks. Terex Corp. said its mobile-crane-making unit incurred a loss in the second quarter as parts shortages hurt efficiency at its plants. “The reality of it is that elements of our supply base could not keep up,” Chief Executive John Garrison said on an Aug. 1 earnings call. Machinery giant Caterpillar Inc. and power-equipment maker Eaton Corp. are among those struggling to keep up with orders as supply-chain kinks join labor shortages and cost pressures from transportation and import tariffs as threats to the sector’s recovery. Eaton last week cut financial guidance for its $2.5 billion hydraulics unit as a result. Caterpillar said it is paying more for smaller or incomplete orders from suppliers that have struggled to meet demand. Interim Chief Financial Officer Joseph Creed said in an interview that castings—the metal building blocks for engines and other large vehicle parts—were in particularly short supply. Delays are forcing some manufacturers to curb output. Oshkosh Corp. idled production of its mobile cranes because of parts shortages several times in the past quarter. “We think we’ll probably continue to see some of that in the fourth quarter, although we do expect some progression,” Oshkosh CEO Wilson Jones said on a July 31 investor call. Like their customers, many suppliers to companies that make products including trucks and tractors shed workers after the financial crisis. Now some suppliers say they are struggling to find skilled staff and remain hesitant to ramp up production because they worry a machinerysector recovery that began in late 2016 is now drawing to a close. Leggett & Platt Inc., a maker of the part that moves the pronged metal lifts at the front of forklifts, acknowledged it is struggling to meet “very, very strong” demand for parts from its recently acquired Precision Hydraulic Cylinders business. Leggett, based in Carthage, Mo., is paying its workers more in overtime to expand production hours and is considering more permanent measures to increase capacity. Aerospace and car companies are also compiling big order books and experiencing supplier delays. Boeing Co. recently had more than two dozen partly finished 737 airliners parked outside its Renton, Wash., assembly plant and an adjoining airport awaiting engines and other components. A shortage of specialized workers including welders and truck drivers is exacerbating the crunch. The number of job openings in manufacturing climbed to 482,000 in June, the Federal Reserve Bank of St. Louis said Tuesday, the highest level in 17 years. A monthslong crunch in supplies of some basic electronic components is also cascading through the manufacturing sector, as more industrial equipment is linked to the web to provide data that can be used to predict maintenance and replacement needs. Most of those components are manufactured in Asia, where producers are already working flat out to supply the consumer-electronics sector. “The electronics supply-chain environment remains challenging and we continue to see constraints across several component categories,” said Mike McNamara, CEO of Flex Ltd. , a maker of so-called smart-technology products. “The lead times have significantly lengthened and we see increasing shortages,” he said on the company’s earnings call last month. “The good news is that demand is really strong,” said Tom Derry, chief executive of the Institute for Supply Management, which publishes a closely watched monthly survey on U.S. industrial conditions. “The irony is we reached the limits of our ability, in the current configuration we have, to keep up with demand,” he added. Years spent making supply chains as lean and efficient as possible are hurting big customers now as demand climbs, industry consultants said. “Suppliers have not been willing to jump on adding capacity because they’ve been burned badly before,” said Shiv Shivaraman, a managing director at consultant AlixPartners LLC who advises auto and machinery makers on supply chains and production processes. “You will see many people limping for a while.” Some companies are stockpiling parts to head off future challenges, potentially exacerbating the supply pressures. “We built some inventory last quarter because we had seen the lead times extend and we are trying protect our customers,” said Andrew Silvernail, CEO of Idex Corp. , a maker of pumps, valves and meters that is based in Lake Forest, Ill. Still, executives expressed confidence that booming order books will encourage suppliers to boost output, either by increasing wages to attract staff or investing in more capacity. “We are getting better. Our suppliers are getting better. We’re doing a much better job of shortening lead times,” said Craig Arnold, Eaton’s CEO.

Questions:
1- How do fixed costs and lengthening delivery times for component parts combine to reduce a manufacturers' profitability?
2- How do the lengthening delivery times and an increasing pace of factory hires combine to impact efficiency ratios?