DATA ANALYTICS F/ACCT (LL) W/CONNECT
1st Edition
ISBN: 9781260931884
Author: RICHARDSON
Publisher: MCG CUSTOM
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Chapter 2, Problem 1P
To determine
Identify which attributes from the College Scorecard data are needed to compare cost of attendance across types of institutions which are public, private non-profit, or private for-profit.
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Chapter 2 Solutions
DATA ANALYTICS F/ACCT (LL) W/CONNECT
Ch. 2 - Prob. 1MCQCh. 2 - Prob. 2MCQCh. 2 - Prob. 3MCQCh. 2 - Prob. 4MCQCh. 2 - Prob. 5MCQCh. 2 - Prob. 6MCQCh. 2 - Prob. 7MCQCh. 2 - Prob. 8MCQCh. 2 - Prob. 9MCQCh. 2 - Prob. 10MCQ
Ch. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQCh. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 10DQCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Which attributes from the College Scorecard data...Ch. 2 - Prob. 5PCh. 2 - Which attributes from the College Scorecard data...Ch. 2 - Use the College Scorecard data to determine if...Ch. 2 - Prob. 8PCh. 2 - Prob. 9P
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- 1. What are the four areas of the Balanced Scorecard? Identify and define them. Also, pick two areas and suggest how they might be used by a college/university.arrow_forwardConsider education as a product. What are the direct costs and the indirect costs to a university in educating a student?arrow_forwardIdentify activity bases For a major university, match each cost in the following table with the activity base most appropriate to it. An activity base may be used more than once or not used at all.arrow_forward
- What differences besides the names and contents of the three basic statements would a financial statement reader find between a public university and a private, nonprofit university?arrow_forwardIdentify a particular support function of a college (the library, for example). Discuss possible allocation bases that might be used to allocate costs in the function to programs (degrees) or students.arrow_forwardThe amount of ‘College fees received from students’ by a Non-profit organization is shown in which of the following?Select one:a. Expenditure accountb. Income accountc. Liability accountd. Assets accountarrow_forward
- Would the financial emphasis of the balanced Scorecard be appropriate for nonprofit entities?arrow_forwardDistinguish among a cost center, a profit center, and an investment center. Provide an example of each for a multi-hospital corporation.arrow_forwardWhat challenges do community endowments funds face? What would be their goal displacements?arrow_forward
- Please identify and define the four areas of the Balanced Scorecard. Select two areas and suggest how they might be used by Berkeley College.arrow_forwardAlumni donations are an important source of revenue for colleges and universities. If administrators could determine the factors that could lead to increases in the percentage of alumni who make a donation, they might be able to implement policies that could lead to increased revenues. Research shows that students who are more satisfied with their contact with teachers are more likely to graduate. As a result, one might suspect that smaller class sizes and lower student/faculty ratios might lead to a higher percentage of satisfied graduates, which in turn might lead to increases in the percentage of alumni who make a donation. The following table shows data for 48 national universities. The Graduation Rate column is the percentage of students who initially enrolled at the university and graduated. The % of Classes Under 20 column shows the percentages of classes with fewer than 20 students that are offered. The Student/Faculty Ratio column is the number of students enrolled divided by the total number of faculty. Finally, the Alumni Giving Rate column is the percentage of alumni who made a donation to the university. Managerial Report 1. Use methods of descriptive statistics to summarize the data. 2. Develop an estimated simple linear regression model that can be used to predict the alumni giving rate, given the graduation rate. Discuss your findings. 3. Develop an estimated multiple linear regression model that could be used to predict the alumni giving rate using the Graduation Rate, % of Classes Under 20, and Student/Faculty Ratio as independent variables. Discuss your findings. 4. Based on the results in parts (2) and (3), do you believe another regression model may be more appropriate? Estimate this model, and discuss your results. 5. What conclusions and recommendations can you derive from your analysis? What universities are achieving a substantially higher alumni giving rate than would be expected, given their Graduation Rate, % of Classes Under 20, and Student/Faculty Ratio? What universities are achieving a substantially lower alumni giving rate than would be expected, given their Graduation Rate, % of Classes Under 20, and Student/Faculty Ratio? What other independent variables could be included in the model?arrow_forwardWhich of the following is required as part of the complete set of financial statements for a private college or university? a. Statement of changes in financial position b. Statement of activities c. Statement of revenues, expenses, and changes in net assets d. None of the abovearrow_forward
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