The dean of the Business School at a small Florida college wishes to determine whether the 9) grade-point average (GPA) of a graduating student can be used to predict the graduateʹs starting salary. More specifically, the dean wants to know whether higher GPAs lead to higher starting salaries. Records for 23 of last yearʹs Business School graduates are selected at random, and data on GPA (x) and starting salary (y, in $thousands) for each graduate were used to fit the model

Grey company holds an overdue note receivable of $800,000 plus recorded accrued interest of $64,000. the effective interest rate is 8%. as the result of a court-imposed settlement on december 31, year 3, grey agreed to the following restructuring arrangement: reduced the principal obligation to $600,000.forgave the $64,000 accrued interest.extended the maturity date to december 31, year 5.annual interest of $40,000 is to be paid to grey on december 31, year 4 and year 5. the present value of the interest and principal payments to be received by grey company discounted for two years at 8% is $585,734. grey does not elect the fair value option for reporting the debt modification. on december 31, year 3, grey would recognize a valuation allowance for impaired loans of