Reading journal articles can be challenging for students, as they are often technical in nature. A high school that prides itself on preparing students for college wants to purchase journals that are written at a level accessible to students. The school librarian recruits four students with varying academic ability to read articles from four different journals and rate their readability from 1 (very difficult to read and understand) to 7 (very easy to read and understand). Some hypothetical data are shown in the table.

Table: Journal and Readability

a) Perform an F test at alpha level .05, using excel. Submit your workbook showing the results.

b) What is the conclusion in terms of the null hypothesis, reject or fail to reject? Explain why.

The

psychology department

of

Bahçeşehir University

conducted an investigation to determine how long it

takes for a woman or man to get married after their graduation in

Istanbul

. Two independent random samples

were selected and the following summary information concerning times to completion o

f

university

were

computed.

Men

Women

Sample Size

100

85

Sample Mean

8.8

8.4

Population

Variance

1

.96

2.25

a)

State the appropriate null and alternative hypotheses to determine whether there is a

significant

difference

in time to completion of medical school between women and men.

b)

Perform the appropriate test of hypothesis to determine whether there is a significa

nt difference in time

to completion of medical school between women and men.

Use α

= 0.05.

c)

Find the p

-

value associated with the test in the second question and explain how to use it for testing the

hypothesis in the first question.

Not: You have to draw

the table to see which area that you have to calculate

On July 1, 2016, the Morgan County School District received a $51,000 gift from a local civic organization with the stipulation that, on June 30 of each year, $3,600 plus any interest earnings on the unspent principal be awarded as a college scholarship to the high school graduate with the highest academic average. A private-purpose trust fund, the Civic Scholarship Fund, was created.

1. On July 1, 2016, the gift was received and immediately invested.
2. On June 30, 2017, $3,600 of the principal was converted into cash. In addition, $2,600 of interest was received.
3. On June 30, the $6,200 was awarded to a student who had maintained a 4.0 grade point average throughout each of her four years.
4. The nominal accounts were closed.
   

Required:
a. Record the above transactions on the books of the Civic Scholarship Fund.
b. Prepare a Statement of Changes in Fiduciary Net Position for the Civic Scholarship Fund for the year ended June 30, 2017.

Jack and Jill are a married couple who run their own SMSF and are its only trustees. They both worked as employee financial advisers. In July 2017, they quit their jobs and moved to Singapore, where they hoped to set up and successfully run their own financial services firm. They planned to live in Singapore for many years and send their children to school there. When leaving Australia, they rented out their Australian home, sold their other Australian assets, and purchased an apartment in Singapore. They enrolled their children in school there. However, their Singaporean business was unprofitable. This was only made worse due to the COVID situation in 2020. As a result, they move back to Australian in June 2020. While in Singapore, they would often have meetings making decisions about the SMSFs investment strategies.   

Discuss whether for the 2019-20 financial year the ‘central management and control’ of Jack and Jill’s superannuation fund was ‘ordinarily in Australia’ for the purposes of s. 295-95 ITAA 1997.

The Shirt Works sells a large variety of tee shirts and sweatshirts. Steve Hooper, the owner, is thinking of expanding his sales by hiring high school students, on a commission basis, to sell sweatshirts bearing the name and mascot of the local high school.

These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $21.00 each with a minimum order of 240 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 240.

Since Hooper’s plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $42.00 each. Hooper would pay the students a commission of $7.00 for each shirt sold.

How many sweatshirts would Hooper need to sell to earn a target profit of $15,100?

Evaluate the effect of each transaction by constructing a balance sheet showing an assets side and liabilities and owner’s equity.

Transactions for September:

1- Purchased $1,240 of paints from Painting Paradise on credit.

2- The owner invested $10,000 of his own money in the business.

3- Harding Gordon District High School purchased $575 worth of supplies on credit.

4- Paid $800 of the account payable to Painting Paradise.

5- Purchased a computer (equipment) for $1,130 and paid cash.

6- Cash sales for the month amounted to $6,375.

7- Paid $5,000 cash for this month’s rent.

8- Sold $1,380 of art supplies to Main College on credit.

9- Harding Gordon District High School paid $1,500 of their A/R.

10-Bank service charges totaled to $425 which was paid out of the business bank account.

11- Borrowed $20,000 from the bank and placed it directly in the bank account.

In a school district, all sixth grade students take the same standardized test. The superintendant of the school district takes a random sample of 29 scores from all of the students who took the test. She sees that the mean score is 167 with a standard deviation of 11.4238. The superintendant wants to know if the standard deviation has changed this year. Previously, the population standard deviation was 18. Is there evidence that the standard deviation of test scores has decreased at the α=0.05 level? Assume the population is normally distributed. Step 1 of 5: State the null and alternative hypotheses. Step 2 of 5: Determine the critical value(s) of the test statistic. If the test is two-tailed, separate the values with a comma. Round your answer to three decimal places. Step 3 of 5: Determine the value of the test statistic. Round your answer to three decimal places. Step 4 of 5: Make the decision. Step 5 of 5: What is the conclusion?

Child and Dependent Care Credit (LO 6.3) Marty and Jean are married and have 4-year-old twins. Jean is going to school full-time for 10 months of the year, and Marty earns $52,900. The twins are in day care so Jean can go to school while Marty is at work. The cost of day care is $9,600. TABLE 6.1 CHILD AND DEPENDENT CARE CREDIT PERCENTAGES Adjusted Gross Income Applicable Percentage Over But Not Over $0 – $15,000 35% 15,000 – 17,000 34% 17,000 – 19,000 33% 19,000 – 21,000 32% 21,000 – 23,000 31% 23,000 – 25,000 30% 25,000 – 27,000 29% 27,000 – 29,000 28% 29,000 – 31,000 27% 31,000 – 33,000 26% 33,000 – 35,000 25% 35,000 – 37,000 24% 37,000 – 39,000 23% 39,000 – 41,000 22% 41,000 – 43,000 21% 43,000 – No limit 20%

What is their child and dependent care credit?

Evaluate the effect of each transaction by constructing a balance sheet showing an assets side and liabilities and owner’s equity.

Transactions for September:

1. Purchased $1,240 of paint from Painting Paradise on credit.

2. The owner invested $10,000 of his own money in the business.

3. Harding Gordon District High School purchased $575 worth of supplies on credit.

4. Paid $800 of the account payable to Painting Paradise.

5. Purchased a computer (equipment) for $1,130 and paid cash.

6. Cash sales for the month amounted to $6,375.

7. Paid $5,000 cash for this month’s rent.

8. Sold $1,380 of art supplies to Main College on credit.

9. Harding Gordon District High School paid $1,500 of their A/R.

10. Bank service charges totaled to $425 which was paid out of the business bank account. 1

11. Borrowed $20,000 from the bank and placed it directly in the bank account.

A 7th grade science teacher was interested in knowing if his after-school tutoring sessions would boost grades for the students in his classes. The sample consisted of all the children in his 4th and 5th hour classes. The teacher gave a pre-test to each class. Then he held twice weekly sessions for 1 hour after school for four weeks. Students required permission from their parents/guardians in order to attend. Approximately 3/4 of the students for both hours attended. At the end of the 4th week, the teacher gave a post-test and measured the gains/losses in scores. He noted a significant increase in scores and attributed those gains to his tutoring sessions.

1. Identify at least two potential threats to the validity of his study and therefore to the results.

2. Discuss the threats - how might they affect the study results?

3. Propose a method for each threat to reduce/eradicate it.