John and Eric are childhood friends who went to school and university together. After graduation, John moved to Spain where he joined his family and started a business exporting authentic Spanish Artwork to clients around the World. Eric operates a retail store in Brazil, and the two friends agreed to start a business together. John would send artwork to Eric who would sell it in his store at a reasonable price. John shipped the Artwork by mail to ensure quick, timely delivery. Eric verbally agreed to pay John 30 days after shipment and they would split the profits equally, with each party getting 50 percent. 45 days after shipment, John contacted Eric to see how things were progressing. Eric informed John that the Artwork had not sold. He indicated some potential buyers had shown interest, but thought the art was priced too high. A month later, John called Erik to follow up and collect funds. Eric mentioned he had no cash on hand and his financial situation made it impossible to make any payments for the moment. Eric gave John the option to either take the frames back or sell them at cost. John is unable to obtain assistance from any of his friends and lawyers as there are no written contractual agreements signed. 4 months later, John followed up one last time. Eric mentioned he sold the frames for 25 percent of the asking price, and he did not transfer any funds for payment of artwork and additional costs. John lost $9,000 worth of goods and a friend that he trusted.

. What mistakes did John make during his negotiation that led to this loss? *

2. Is there anything John can legally do now to minimize his loss in this transaction? *

3. How would you negotiate differently in a similar future transaction to avoid this situation at the end? *

Oriole Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $47 throughout the country to loyal alumni of over 3,700 schools. Oriole’s variable costs are 42% of sales; fixed costs are $116,000 per month.

Oriole currently sells 143,000 blankets per year. If sales volume were to increase by 15%, by how much would operating income increase? (Round answer to 0 decimal places, e.g. 5,275.)

Data collected from 800 school athletes show that 350 of them stretched before exercising and the rest did not.

Among these 350, 80 suffered an injury last year. Among the remaining athletes who did not exercise, 150 got injured last year.

a) Form the contingency table.

b) What is the risk of getting injured if you do not stretch?

c) What is the relative risk of getting injured if you stretch in comparison to if you do not?

d) What are the odds of getting injured if you stretch?

e) Do the hypothesis testing to establish if the relationship between stretching and getting injured is statistically significant or not.

1. State the hypothesis.

2. Make the expected counts table.

3. Calculated the Chi-squared test statistic. What is the conclusion?

4. Find the p-value. What is the conclusion?

5. Make a final decision about the relationship between stretching and injuries.

Sheridan Company and Concord Company both manufacture school science equipment. The following financial information is for three years ended December 31 (in thousands):

(a)

Calculate the asset turnover and return on assets ratios for both companies for 2020 and 2021. (Round answers to 2 decimal places, e.g. 52.75.)

You wish to take an Excel course. You may enroll at one within your school or you may take a community class at the local library. You've gathered the following information to aid in your decision-making process.

Required:

a. Indicate in the table above which costs are relevant and which are not relevant in the choice between these two alternatives.

b. What is the differential cost between the two alternatives?

SHOW ALL WORK AND CALCULATIONS!

[The following information applies to the questions displayed below.]

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017, follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow.
  
Additional Information Items

1. An analysis of WTI's insurance policies shows that $2,400 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,800 are available at year-end 2017.
3. Annual depreciation on the equipment is $13,200.
4. Annual depreciation on the professional library is $7,200.
5. On November 1, WTI agreed to do a special six-month course (starting immediately) for a client. The contract calls for a monthly fee of $2,500, and the client paid the first five months' fees in advance. When the cash was received, the Unearned Training Fees account was credited. The fee for the sixth month will be recorded when it is collected in 2018.
6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,000 tuition per month payable at the end of the class. The class started on October 15, but no payment has yet been received. (WTI's accruals are applied to the nearest half-month; for example, October recognizes one-half month accrual.)
7. WTI's two employees are paid weekly. As of the end of the year, two days' salaries have accrued at the rate of $100 per day for each employee.
8. The balance in the Prepaid Rent account represents rent for December.
   

12: A researcher is interested in whether salaries for middle school teachers were less than salaries for nurses in Arkansas. A statewide salary survey is conducted using random sampling.

The Data Analysis output for the various tests used when comparing two group means are shown below. The significance level was .05. Identify the proper t-test from the scenario and the following outputs, and then answer the following questions using the correct t test output. (3.5 pts.)

a) What is the appropriate two sample test to perform – the paired t test, the t test assuming equal variances, or the t test assuming unequal variances – for this research project?

b) State the H₀ and H_a.

c) Identify the decision rule using the critical value of t (round to three decimal places).

d) Identify the decision rule using the p value method.

e) State the test statistic (t _calc).

f) Do you reject or not reject Ho? Explain your decision.

The table below shows primary school enrollment for a certain country. Here, xx represents the number of years after 18201820, and yy represents the enrollment percentage. Use Excel to find the best fit linear regression equation. Round the slope and intercept to two decimal places.

x   y
0   0.1
5   0.1
10   0.1
15   0.2
20   0.2
25   0.3
30   0.4
35   0.5
40   0.6
45   1.1
50   1.5
55   3.0
60   4.5
65   5.5
70   6.1
75   6.8
80   7.0
85   8.0
90   9.3
95   10.7
100   12.4
105   14.1
110   16.6
115   17.5
120   19.7
125   19.4
130   32.7
135   40.9
140   47.6
145   57.8
150   57.0
155   61.7
160   63.2
165   75.0
170   76.5
175   96.0
180   92.0
185   100.0
190   100.0

Provide your answer below:

y =  x -