1. Research shows that after-school jobs are highly correlated with decreases in grade point averages. Those who work 1 to 10 hours get a 3.0 GPA and those who work 21 hours have a 2.7 GPA. Higher GPAs are, however, highly-correlated with higher lifetime earnings. Assume that a person earns $8,000 per year for working part-time in college and that the return to a 0.1 increase in GPA gives a 10 percent increase in one's lifetime earnings with a present value of $80,000.
   • What would be the argument for working rather than studying harder?
   • Is the assumption that there is a trade-off between working and grades reasonable?

Mr. Hooper is a fifth-grade teacher at Mt. General Elementary School. He believes very strongly in Gardner's theory of intelligence and that students have various areas of relative strength and weakness. He has attended numerous workshops regarding the application of multiple intelligence theory in the classroom. Over the years, he has developed a classroom that he believes fosters development in all of Gardner's eight Frames of Mind. Mr. Hooper's classroom is bright and cheerful. On the walls hang motivational posters that he believes help children to think about who they are and what they want out of life. In addition, the walls are covered with student-produced art. The room has a conversation area, a naturalist area, and a reading area, as well as the main area where each table accommodates four students. The conversation and reading areas have beanbag chairs so students can be comfortable and are set apart by rolling bookcases. The naturalist area consists of a table filled with rocks, bird nests, shells, and other objects that Mr. Hooper's students have found. Mr. Hooper is also fortunate enough to have three computers in his room. Mr. Hooper believes that allowing students to work in each academic area within their areas of strength will enhance learning. Therefore, when studying the American Revolution, students whose strength is in linguistic intelligence engage in research and write about what they have found. Those whose strength is spatial intelligence create maps of the colonies and battles. Those whose strength is logical-mathematical reasoning compute distances between points and estimate the amount of time required for soldiers to travel. Students with high naturalistic intelligence discuss the various plants and animals likely to be found in different regions of the colonies and discuss whether colonial soldiers could have eaten them to ward off starvation. To ensure that bodily-kinesthetic needs are met, Mr. Hooper regularly has his students stand and either run in place or jump up and down. Interpersonal intelligence needs are met for all students through the use of cooperative learning groups. Intrapersonal intelligence needs are met through journaling. Mr. Hooper always has music playing while the students are working to help meet student's musical intelligence needs.

To what extent do you believe Mr. Hooper has appropriately implemented Gardner's theory of multiple intelligences? Why? What do you think the student's reactions to this classroom would be? Why? How do you think parents would respond? Why? How could you improve on Mr. Hooper's ideas? Explain.

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 An analysis of WTI's insurance policies shows that $3,600 of coverage has expired. An inventory count shows that teaching supplies costing $3,120 are available at year-end 2017. Annual depreciation on the equipment is $14,400. Annual depreciation on the professional library is $7,200. 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 $2,700, 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. On October 15,

WTI agreed to teach a four-month class (beginning immediately) for an individual for $4,380 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.)

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. The balance in the Prepaid Rent account represents rent for December.

WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017

Debit

Cash- $27,547

Accounts receivable- 0

Teaching supplies- 10,594

Prepaid insurance- 15,894

Prepaid rent- 2,120

Professional library- 31,784

Equipment- 74,152

Dividends- 42,381

Depreciation expense—Professional library 0

Depreciation expense—Equipment 0

Salaries expense 50,858

Insurance expense- 0

Rent expense- 23,320

Teaching supplies expense- 0

Advertising expense -7,417

Utilities expense -5,933

$ 292,000

Credit

Problem 3-3A Part 2 2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts. 2-b. Prepare an adjusted trial balance
.

Additional Information Items

A. An analysis of WTI's insurance policies shows that $3,600 of coverage has expired.

B. An inventory count shows that teaching supplies costing $3,120 are available at year-end 2017.

C. Annual depreciation on the equipment is $14,400.

D. Annual depreciation on the professional library is $7,200.

E. 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 $2,700, 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.

F. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $4,380 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.)

G. 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.

H. The balance in the Prepaid Rent account represents rent for December.

Prepare Wells Technical Institute's balance sheet as of December 31, 2017.

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 An analysis of WTI's insurance policies shows that $3,071 of coverage has expired. An inventory count shows that teaching supplies costing $2,662 are available at year-end 2017. Annual depreciation on the equipment is $12,285. Annual depreciation on the professional library is $6,142. 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. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an individual for $3,540 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.) 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. The balance in the Prepaid Rent account represents rent for December. WELLS TECHNICAL INSTITUTE Unadjusted Trial Balance December 31, 2017 Debit Credit Cash $ 26,038 Accounts receivable 0 Teaching supplies 10,013 Prepaid insurance 15,023 Prepaid rent 2,004 Professional library 30,043 Accumulated depreciation—Professional library $ 9,014 Equipment 70,087 Accumulated depreciation—Equipment 16,025 Accounts payable 34,565 Salaries payable 0 Unearned training fees 12,500 Common stock 15,000 Retained earnings 48,693 Dividends 40,059 Tuition fees earned 102,148 Training fees earned 38,055 Depreciation expense—Professional library 0 Depreciation expense—Equipment 0 Salaries expense 48,071 Insurance expense 0 Rent expense 22,044 Teaching supplies expense 0 Advertising expense 7,010 Utilities expense 5,608 Totals $ 276,000 $ 276,000 3-a. Prepare Wells Technical Institute's income statement for the year 2017. 3-b. Prepare Wells Technical Institute's statement of owner's equity for the year 2017. 3-c. Prepare Wells Technical Institute's balance sheet as of December 31, 2017.

After a careful evaluation of investment alternatives and​ opportunities, Masters School Supplies has developed a​ CAPM-type relationship linking a risk index to the required return​ (RADR), as shown in the table

LOADING...

.

The firm is considering two mutually exclusive​ projects, A and B. Following are the data the firm has been able to gather about the projects.

All the​ firm's cash flows for each project have already been adjusted for taxes.

a. Evaluate the projects using ​risk-adjusted discount

rates.

b. Discuss your findings in part

​(a​),

and recommend the preferred project.

a. The net present value for project A is

​$______

  ​(Round to the nearest​ cent.)

Entries for Factory Costs and Jobs Completed

Old School Publishing Inc. began printing operations on January 1. Jobs 301 and 302 were completed during the month, and all costs applicable to them were recorded on the related cost sheets. Jobs 303 and 304 are still in process at the end of the month, and all applicable costs except factory overhead have been recorded on the related cost sheets. In addition to the materials and labor charged directly to the jobs, $2,910 of indirect materials and $35,210 of indirect labor were used during the month. The cost sheets for the four jobs entering production during the month are as follows, in summary form:

Journalize the summary entry to record each of the following operations for January (one entry for each operation):

A. Direct and indirect materials used. For a compound transaction, if an amount box does not require an entry, leave it blank.

B. Direct and indirect labor used. For a compound transaction, if an amount box does not require an entry, leave it blank.

C. Factory overhead applied to all four jobs ( a single overhead rate is used based on direct labor cost)

D. Completion of Jobs 301 and 302.

  After a careful evaluation of investment alternatives and​ opportunities, Masters School Supplies has developed a​ CAPM-type relationship linking a risk index to the required return​ (RADR), as shown in the table

LOADING...

.

The firm is considering two mutually exclusive​ projects, A and B. Following are the data the firm has been able to gather about the projects.

All the​ firm's cash flows for each project have already been adjusted for taxes.

a. Evaluate the projects using ​risk-adjusted discount

rates.

b. Discuss your findings in part

​(a​),

and recommend the preferred project.

a. The net present value for project A is

​$nothing .

  ​(Round to the nearest​ cent.)

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. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items a through h that require adjusting entries on December 31.

Additional Information Items

1. An analysis of WTI's insurance policies shows that $3,335 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,891 are available at year-end.
3. Annual depreciation on the equipment is $13,342.
4. Annual depreciation on the professional library is $6,671.
5. On September 1, WTI agreed to do five courses for a client for $2,600 each. Two courses will start immediately and finish before the end of the year. Three courses will not begin until next year. The client paid $13,000 cash in advance for all five courses on September 1, and WTI credited Unearned Training Fees.
6. On October 15, WTI agreed to teach a four-month class (beginning immediately) for an executive with payment due at the end of the class. At December 31, $9,903 of the tuition has been earned by WTI.
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.
   

2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts.
2-b. Prepare an adjusted trial balance.

1.Name any one organization (work, family, roommates, school??) of which you are currently a member and for each of the five bases of power, identify that you do or do

not have each particular power.(Legitimate, reward, coercive, expert, referent) (a sentence or so for each.)

2.How would you expect your power bases to change in a different organization? Explain.

3.Name one power base that you seem to prefer to use. Is this a positive or negative behavior on your part? Would you wish to enhance or diminish this? How might you do so?

4.How might you use what you learned about empowerment to improve outcomes or influence others in your organization named in item #1?

5.Lastly, what power bases that you have now would you expect you will be able to carry forward with you beyond graduation? Why is that

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 $3,335 of coverage has expired.
2. An inventory count shows that teaching supplies costing $2,891 are available at year-end 2017.
3. Annual depreciation on the equipment is $13,342.
4. Annual depreciation on the professional library is $6,671.
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 $2,300, 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 $4,261 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.

2-a. Post the balance from the unadjusted trial balance and the adjusting entries in to the T-accounts.
2-b. Prepare an adjusted trial balance.