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Shengpei D.
A Student majored in Accounting and Finance
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TOEFL
TutorMe
Question:

The best way to improve the quality of education is to increase teachers’ salary. Please write an essay to classify and prove your opinion on the topic.

Shengpei D.
Answer:

Education is contributive to social progress. So the whole society attaches a good deal of importance to the quality of education. Some people believe that to improve the quality of education,teachers’salaries should be increased, citing the reason that only in this way can teachers be motivated,and talents be attracted to education domain. However, although I agree that raising teachers ‘ salaries is a good way, it is by no means the best way to elevate the quality of education. First, people who advocate that by increasing teachers’ salaries, the quality of teaching will be definitely improved argue that teachers can use the extra money to improve themselves, or buy books and equipment to benefit students.While I admit that some teachers may do things this way, there is no guarantee that all teachers will use the money to do self-improvement.So I propose that instead of increasing teachers’ salaries, there are two ways can be utilized to upgrade education quality. One feasible and effective approach to increase education quality, I reckon, is to hire more teachers and divide large classes into small ones. Nowadays, many classes are too large –sometimes a teacher has to take care of over 50 students. A teacher’s time and energy is limited, taking care of so many students is too hard; therefore the low quality of education is understandable. But, if schools use the money to employ more teachers and limit the number of one class to only 20 students then each individual’s matters can be attended to with efficiency and care./effectively and carefully . When teachers pay close attention to students, the quality of education is more likely to be improved. In addition ,to improve the quality of education, schools should also stimulate the enthusiasm of students. As we all know that if students have no desire to study, then no matter how hard teachers try, the result would still be undesirable. So schools should consider set up a scholarship to encourage students to learn. For example,in my school,since a scholarship policy was established to award those top students, many students’ learning enthusiasm has been aroused and passion been stimulated ,then they would spend more time on homework and preparation for examination. As a result,the score of each individual and even the whole class average score are elevated. If this tendency continues to spread to the whole school ,the overall learning atmosphere would be much stronger, which helps to promote the education quality of the whole nation. From the above discussion, we can draw the conclusion that improving the quality of education is not an easy task. Both teachers and students should be taken into consideration.

Statistics
TutorMe
Question:

The fares received by taxi drivers working for the Sunshine Cab Company are normally distributed with a mean of $12.50 and a standard deviation of $3.25. Suppose a driver has four independent consecutive fares, and two of those fares are less than $6.00 while two are more. What is the probability of this happening?

Shengpei D.
Answer:

The answer is 0.003 The probability that a fare is less than $6.00 is: P(X < 6) = P(Z < (6-12.50)/3.25)) = P(Z < -2) = 0.0228 P(Y = 2) = 4C2 0.02282 (1-0.0228)2 = 0.0030

Accounting
TutorMe
Question:

AB company acquired 20% of the outstanding common stock of CD company on December 31, 2013. The purchase price was $1,200,000 for 50,000 shares. CD company declared and paid an 0.85$ per share cash dividend on June 30 and on December 31, 2014. CD company reported net income of $730,000 for 2014. The fair value of CD company was $27 per share at December 31, 2014. Questions: 1. Prepare the journal entries for AB company for 2013 and 2014, assuming that AB company cannot exercise significant influence over CD company. The securities should be classified as available for sale. 2.Prepare the journal entries for AB company for 2013 and 2014, assuming that AB company can exercise significant influence over CD company. The securities should be classified as available for sale.

Shengpei D.
Answer:

1. December 31, 2013 Equity Investments (available-for-sale) ........... 1,200,000 Cash ........................................................... 1,200,000 June 30, 2014 Cash ................................................................... 42,500 Dividend Revenue ..................................... 42,500 December 31, 2014 Cash ................................................................... 42,500 Dividend Revenue ..................................... 42,500 Fair Value Adjustment (available-for-sale) ..... 150,000 Unrealized Holding Gain or Loss—Equity .................................................... 150,000 $27 X 50,000 = $1,350,000 $1,350,000 – $1,200,000 = $150,000 2. December 31, 2013 Equity Investments ........................... 1,200,000 Cash ................................................................. 1,200,000 June 30, 2014 Cash ......................................................................... 42,500 Equity Investments ............. 42,500 December 31, 2014 Cash ......................................................................... 42,500 Equity Investments ............. 42,500 Equity Investment ...................... 146,000 Investment Income .......................................... 146,000 (20% X $730,000)

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