A random survey of autos parked in the student lot and the staff lot at 3 universities are provided in the table below. Are there differences between the universities in terms of cars driven by students and staff?

a) Write appropriate hypotheses.

b) How many degrees of freedom are there?

c) Find ?2 and the P-value.

d) State your conclusion (use α = 0.05).

All workings must be shown.

Aloma, a university graduate who started a successful business, wants to start an endowment in her name that will provide scholarships to ME students. She wants the scholarship to provide $11,000 per year and expects the first one to be awarded on the day she fulfills the endowment obligation. If Aloma plans to donate $180,000, what rate of return must the university realize in order to award the annual scholarship forever? The rate of return that the university must realize in order to award the annual scholarship forever is--------%.

Central University uses $123,000 of a particular toner cartridge for laser printers in the student computer labs each year. The purchasing director of the university estimates the ordering cost at $45 and thinks that the university can hold this type of inventory at an annual storage cost of 0.83 of the purchase price. The purchase price of each cartridge is $4.00/unit.   How many times per year should the purchasing director place an order to minimize the total annual cost of purchasing and carrying?

*to two decimal places

Discussion Forum - Compensation

As you are likely aware, executive compensation varies tremendously in the U.S. So, in this interactivity, we’re going to research their past and current compensation schedules.

It was reported in the news that the average pay for most university presidents was around $250,000 per year, but that a few earned much more. For example, the president of Yale University received more than $1 million in 2012.

Discuss why you would (or would not) pay university presidents as much as or more than many corporate CEOs.

The Wentworth Corporation is a mid-sized manufacturing company located in the metropolitan area of Atlanta, Georgia. In business for ten (10) years, it has become one of the area’s largest producers of Widgets. James Henderson and three (3) associates founded the company, which has slowly grown to employ 500 employees, primarily production workers, in its three (3) existing facilities. Henderson is the President and CEO of the corporation, and Mike Johnson is the newly appointed Manager of Human Resources. Wentworth has not employed a full-time HR manager in the past. Henderson is currently in the final stages of securing a major new account. If awarded to Wentworth, it would be a major accomplishment for the firm. However, the additional business would require setting up a new production facility in the state of Wisconsin and hiring 275 additional employees. Mike Johnson has had little experience in creating large staffing initiatives, and both he and Henderson are unsure how to proceed. Henderson and Johnson turn to HR Strategies, Inc., a consulting firm specializing in the functional areas of human resources. As a senior-level consultant in the staffing and recruitment division, you have been asked to head up the team designed to assist Wentworth in the development of a staffing initiative for the new facility. Your Stand-Alone Project responses should be both grammatically and mechanically correct and formatted in the same fashion as the project itself. In addition, you must appropriately cite all resources used in your response and document them in a bibliography using APA style.

Part E: Selection Plan (40 points) As we enter the final stages of this project, we have the results of our recruitment efforts and must now help Wentworth make the final hiring decisions for the new facility. The selection process involves the use of various assessment methods to evaluate the quality of our applicant pool. Consider and respond to the following questions. a. Discuss a selection plan for making the final hiring decisions to include the progression of an applicant to a candidate, to finalist, to job offer? b. Discuss initial applicant data collection (biodata inventories), reference checks, the initial interview, and testing for Wentworth. c. Discuss three (3) methods of final choice to be used in making the final hiring decisions and indicate the method you would use and why. Discuss who the decision makers should be within the Wentworth organization.

The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron Corporation, an American energy company and de facto dissolution of Arthur Andersen, which was one of the five largest audit and accountancy partnerships in the world. Enron shareholders filed a $40 billion lawsuit after the company's stock price, which achieved a high of US $90.75 per share in mid-2000, dropped to less than $1 by the end of November 2001.
The company had lost the majority of its customers and had ceased operating. Employees and shareholders received limited returns in lawsuits, despite losing billions in pensions and stock prices. The US Securities and exchange commission began an investigation. Many executives at Enron were indicted for a variety of charges and were later sentenced to prison. Enron's $63.4 billion in assets made it the largest corporate bankruptcy in U.S. history.
a. Explain, what causes the reasons for the collapse of Enron? What will be the significant impact on financial accounting standards, auditing rules, and institutional structures such as FASB and the Securities Exchange Commission?
b. What precautions/measures should be taken by the management to save Enron from bankruptcy?
Your answer should be around 400 words for each question.

The Enron scandal, revealed in October 2001, eventually led to the bankruptcy of the Enron
Corporation, an American energy company and de facto dissolution of Arthur Andersen, which
was one of the five largest audit and accountancy partnerships in the world. Enron shareholders
filed a $40 billion lawsuit after the company's stock price, which achieved a high of US $90.75
per share in mid-2000, dropped to less than $1 by the end of November 2001.
The company had lost the majority of its customers and had ceased operating. Employees and
shareholders received limited returns in lawsuits, despite losing billions in pensions and stock
prices. The US Securities and exchange commission began an investigation. Many executives at
Enron were indicted for a variety of charges and were later sentenced to prison. Enron's $63.4
billion in assets made it the largest corporate bankruptcy in U.S. history.
a. Explain, what causes the reasons for the collapse of Enron? What will be the significant impact
on financial accounting standards, auditing rules, and institutional structures such as FASB and
the Securities Exchange Commission?
b. What precautions/measures should be taken by the management to save Enron from
bankruptcy?
Your answer should be around 400 words for each question.

Stevens Ltd is the leading retailer of Gym equipment. The following information occurred during May 2020. Stevens Ltd had an opening inventory balance of $8,400,000.

May:

1            Returned to the suppliers $80,000 of the opening inventory and received cash.

12          Purchased additional inventory on credit from the supplier for $12,000,000.

18          Sold inventory for $6,000,000 cash (Cost price to Stevens Ltd $2,400,000).

19          Paid the suppliers the account from 12 May.

31          The closing stocktake at year-end revealed an inventory balance of $17,800,000.

Required:

1. Record the above information for the month of May 2020 in the general journal using the perpetual inventory method. Narrations are not required. Ignore GST.

2. Record the above information for the month of May 2020 in the general journal using the physical inventory method. Narrations are not required. Ignore GST.

3. Present the Income Statement extract for Stevens Ltd using the periodic inventory method for the month ended 31 May 2020.

4. Briefly explain two advantages of the perpetual inventory method for Stevens Ltd.

17. An infection with a rhinovirus might result in:                                                                                                

A. common cold             

B. genital warts           

C. cold sores           

D. mumps         

E. vomiting                                                                                    

18. An example of a disease caused by a retrovirus is:                                                                                        

A. mumps        

B. influenza            

C. syphilis              

D. AIDS             

E. chickenpox                             

19. Naturally acquired active immunity would be most likely acquired through which of the following processes?                                                                      
A. vaccination                     

B. drinking colostrum
C. natural birth   

D. infection with disease causing organism followed by recovery.         

20. Which of the following convey the longest lasting immunity to an infectious agent?
A. Naturally acquired passive immunity                               
B. Artificially acquired passive immunity
C. Naturally acquired active immunity
D. All of these
E. None of these

Question 2: Revised depreciation – betterment

Nova Scotia Telecom Company had a truck that was purchased on July 7, 2018, for $36000. The PPE subledger shows the following information regarding the truck:

A customized tool carrier was constructed and permanently fitted to the truck on July 3, 2020 at a cost of $9600 cash. The tool carrier adds to the economic value of the truck. It will be used for the truck’s remaining life and have a zero-residual value. The useful life and residual value of the truck did not change as a result of the addition of the tool carrier.

Required:
1. Record the installation of the tool carrier assuming it is a component of the truck
2. Calculate depreciation on the truck and its new component, the tool carrier for the company’s December 31, 2020 year ends
3. Calculate the book value of the truck at December 31, 2020 and 2021