Please refer 2 items as below from Microsoft’s Letter to Shareholders as below. And refer them to Porter’s five forces.

Data and AI

Our customers will increasingly need to build their own AI to extract insights from the ever-increasing amount of data they collect — and we are investing to make Azure the best cloud for their comprehensive data estates. We are democratizing data science and AI with Azure Cognitive Services, Azure Machine Learning and data services such as Azure Cosmos DB — the first globally distributed, multi-model database — to help organizations of all sizes convert their data into insights and experiences for competitive advantage. In less than a year, Azure Cosmos DB has already exceeded $100 million in annualized revenue. Azure Database for MySQL and PostgreSQL makes it even easier to bring open source-powered applications to Azure, expanding our opportunity in this space. And we are seeing rapid customer adoption of Azure Databricks for data preparation, advanced analytics and machine learning scenarios. We are leading in the field of AI research, achieving human parity with object recognition, speech recognition, machine reading and — this year — language translation. But that is not enough. We are committed to translating these breakthroughs into toolsets our customers can use. More than 1 million developers have already used our Cognitive Services to quickly and easily create AI applications. Our Azure Bot Service has nearly 300,000 developers, and we are driving new advances in our underlying cloud infrastructure, building the world’s first AI supercomputer in Azure. Microsoft Translator brings AI-powered translation to developers where their data is, whether in the cloud or on the edge. Our pending acquisition of GitHub recognizes the increasingly vital role developers will play in value creation and growth across every industry, and will enable us to bring our tools and services to new audiences while enabling GitHub to grow and retain its developer-first ethos.

Gaming

We are pursuing an expansive opportunity in gaming — from the way games are created and distributed to how they are played and viewed — surpassing $10 billion in revenue this year for the first time. We are investing aggressively in content, community and cloud services across every endpoint to expand usage and deepen engagement with gamers. Xbox Live now has 57 million monthly active users, and we are investing in new services like Mixer — which blurs the line between watching and playing — and Game Pass, our new unlimited subscription service. The addition of five new gaming studios this year bolsters our first-party content development to support our fast-growing gaming services. And our acquisition of PlayFab accelerates our vision to build a world-class cloud platform for the gaming industry across mobile, PC and console. I’m excited about our opportunity in the fast-growing $100 billion gaming market and what’s to come.

Padre, Inc., buys 80 percent of the outstanding common stock of Sierra Corporation on January 1, 2018, for $778,400 cash. At the acquisition date, Sierra’s total fair value, including the noncontrolling interest, was assessed at $973,000 although Sierra’s book value was only $674,000. Also, several individual items on Sierra’s financial records had fair values that differed from their book values as follows:

	Book Value				Fair Value
Land	$	60,200			$	310,200
Buildings and equipment (10-year remaining life)		293,000				242,000
Copyright (20-year remaining life)		198,000				282,000
Notes payable (due in 8 years)		(204,000	)			(188,000	)

For internal reporting purposes, Padre, Inc., employs the equity method to account for this investment. The following account balances are for the year ending December 31, 2018, for both companies.

	Padre				Sierra
Revenues	$	(1,461,980	)		$	(669,550	)
Cost of goods sold		739,000				420,000
Depreciation expense		345,000				10,500
Amortization expense		0				9,900
Interest expense		49,500				6,150
Equity in income of Sierra		(177,520	)			0
Net income	$	(506,000	)		$	(223,000	)
Retained earnings, 1/1/18	$	(1,315,000	)		$	(514,000	)
Net income		(506,000	)			(223,000	)
Dividends declared		260,000				65,000
Retained earnings, 12/31/18	$	(1,561,000	)		$	(672,000	)
Current assets	$	885,080			$	695,200
Investment in Sierra		903,920				0
Land		322,000				60,200
Buildings and equipment (net)		975,000				282,500
Copyright		0				188,100
Total assets	$	3,086,000			$	1,226,000
Accounts payable	$	(260,000	)		$	(190,000	)
Notes payable		(515,000	)			(204,000	)
Common stock		(300,000	)			(100,000	)
Additional paid-in capital		(450,000	)			(60,000	)
Retained earnings (above)		(1,561,000	)			(672,000	)
Total liabilities and equities	$	(3,086,000	)		$	(1,226,000	)

At year-end, there were no intra-entity receivables or payables.

Using the acquisition method, prepare the worksheet to consolidate these two companies. (For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Amounts in the Debit and Credit columns should be entered as positive. Negative amounts for the Noncontrolling Interest and Consolidated Totals columns should be entered with a minus sign.)

Mr. and Mrs. Sedlock file a joint return and have a taxable income of $370,000 without considering the following information below. Determine the increase in their tax liability for the following independent fact situations.

a. They have a STCG of $20,000 and a LTCL of $12,000.

b. They have a LTCG of $30,000 due to the sale of a collectible and a LTCG of $9,000 due to the sale of General Motors stock.

c. Same as part b except they also have a STCL of $4,400.

Typical balance sheet classifications are as follows.

1.      Current Assets                                                                              g.     Long-Term Liabilities
2.      Investments and Funds                                                              h.     Capital Stock
3.      Property, Plant and Equipment                                                 i.      Additional Paid-In Capital
4.      Intangible Assets                                                                         j.      Retained Earnings
5.      Other Assets                                                                                 k.     Notes to Financial Statements
6.      Current Liabilities                                                                        l.      Not Reported on Balance Sheet

Indicate by use of the above letters how each of the following items would be classified on a balance sheet prepared at December 31, 2014. If a contra account, or any amount that is negative or opposite the normal balance, put parentheses around the letter selected. A letter may be used more than once or not at all.

_____     1.     Accrued salaries and wages

_____     2.     Rent revenues for 3 months collected in advance

_____     3.     Land used as plant site

_____     4.     Equity securities classified as trading

_____     5.     Cash

_____     6.     Accrued interest payable due in 30 days

_____     7.     Premium on preferred stock issued

_____     8.     Premium on bonda payable

_____     9.     Petty cash fund

_____ 10.     Unamortized discount on bonds payable due 2017

_____ 11.     Common stock at par value

_____ 12.     Bond indenture covenants

_____ 13.     Unamortized premium on bonds payable due in 2018

_____ 14.     Allowance for doubtful accounts

_____ 15.     Accumulated depreciation—equipment

_____ 16.     Reserve for plant expansion

_____ 17.     Retired equipment awaiting sale

_____ 18.     Inventory held on consignment

_____ 19.     Trading securities

_____ 20.     Investment in stock of ABC Company (held for influence)

_____ 21.     Dividends in arrears on preferred stock

9. Where does the reconciliation of cash appear in the Statement of Cash Flows and where do the notes to the Statement of Cash Flows appear

review the financial statements of the march of dimes for 2013 as presented in table 12-8. comment as you can (even in the absence of guidelines as to what constitutes norms for comparable foundations) on the fiscal strength of the organization as of Dec. 21, 2013 with respect to: liquidity, burden of debt relative to assets, adequacy of available resources to meet expenditures, current fiscal performance as indicated by surpluses or deficits and riskiness of revenue stream

Family Medical Care (FMC) is a family medical practice with 8 physicians, a nursing staff of 10 to 12 nurses, and an administrative staff that varies from 6 to 9 personnel. Rajat Patel, the chief physician at FMC, is interested in studying the efficiency of the practice as a basis to set some benchmarks for further improvement, for rewarding his staff, and for comparing the efficiency of the FMC practice to other family medical practices. He is able to get comparable data for other practices from industry sources. So that the data are consistent with the industry sources, Patel has asked Marin & Associates, his accounting firm, to develop a set of productivity measures that would satisfy this requirement. Upon investigation, Joseph Marin finds that the measures to be used are the partial financial and operational productivity measures as defined in the chapter. The following information is for the last 2 years for the FMC practice:

	Current Year	Prior Year
Patient visits	34,300	29,700
Nursing hours used	21,600	20,700
Administrative hours used	14,725	14,725
Cost of nursing support per hour	52	51
Cost of administration per hour	37.6	37
Industry average financial productivity
Nursing	0.03	0.03
Administrative	1.25	1.27

Required:

1. Compute the partial financial productivity ratios for nursing and administrative support for the current and prior year.

2. Separate the change in the partial financial productivity ratio from the prior year to the current year into productivity changes, input price changes, and output changes.

(For all requirements, round your answers to 4 decimal places. Negative values should be indicated by a minus sign.)

		Nursing	Administrative
1	Financial Partial Productivity for the current year
	Financial Partial Productivity for the prior year
2	Productivity Change
	Input Price change
	Output Change

The following data have been taken from the accounting records of Graham Corporation for the year ended December 31, 2019. Total manufacturing overhead costs incurred $338,000 Manufacturing overhead applied to Work in Process 345,000 Purchases of raw materials 235,000 Direct labor 135,000 Raw materials inventory - January 1, 2019 10,000 Raw materials inventory - December 31, 2019 15,000 Work in process inventory - January 1, 2019 20,000 Work in process inventory - December 31, 2019 35,000 Finished goods inventory – January 1, 2019 75,000 Finished goods inventory – December 31, 2019 90,000

a. Prepare a Schedule of Cost of Goods Manufactured for the year.
b. Prepare a Schedule of Cost of Goods Sold for the year.

Forester Company has five products in its inventory. Information about the December 31, 2021, inventory follows.

Product		Quantity		Unit Cost				Unit Replacement Cost				Unit Selling Price
A		800		$	13			$	15			$	19
B		600			18				14				21
C		500			6				5				11
D		900			10				7				9
E		600			17				15				16

The cost to sell for each product consists of a 20 percent sales commission. The normal profit for each product is 30 percent of the selling price.

Required:
1. Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products.

Determine the carrying value of inventory at December 31, 2021, assuming the lower of cost or market (LCM) rule is applied to individual products. (Do not round intermediate calculations.)

	Product (units) RC NRV NRV-NP Market Cost Inventory carrying value A (800) $12,000 B (600) 8,400 C (500) 2,500 D (900) 6,300 E (600) 9,000 Total $0 $0 $0

Inventory by Three Methods

The units of an item available for sale during the year were as follows:

Jan.1	Inventory	17 units @ $38 per unit
Feb. 17	Purchase	4 units @ $40 per unit
Jul. 21	Purchase	11 units @ $42 per unit
Nov. 23	Purchase	12 units @ $44 per unit

There are 22 units of the item in the physical inventory at December 31. The periodic inventory system is used.

Determine the inventory cost under each of the following methods.

a. Determine the inventory cost by the first-in, first-out method.
$

b. Determine the inventory cost by the last-in, first-out method.
$

c. Determine the inventory cost by the average cost method. When computing your answer, round the average cost per unit to the nearest whole dollar.
$

1.Explain patient financial obligations for services rendered?

2. Describe banking procedures as related to the ambulatory care setting?

3. Identify precautions for accepting the following types of payment

a) cash

b) check

c) credit card

d) debit card

1. Describe the term relevant range. Why is it important to stay within the relevant range when estimating costs?
2. Describe the variables in the cost equation Y = f + vX.

The following table shows the balances from various accounts in the adjusted trial balance for UniLink Telecom Corp. as of December 31, 2020:

				Debit			Credit
a.		Interest income				$	29,600
b.		Depreciation expense, equipment	$	88,000
c.		Loss on sale of office equipment		60,200
d.		Accounts payable					101,600
e.		Other operating expenses		235,600
f.		Accumulated depreciation, equipment					184,400
g.		Gain from settling a lawsuit					102,400
h.		Cumulative effect of change in accounting principle (pre-tax)					152,400
i.		Accumulated depreciation, buildings					400,400
j.		Loss from operating a discontinued operation (pre-tax)		47,600
k.		Gain on expropriation of land and building by government					69,200
l.		Sales					2,369,200
m.		Depreciation expense, buildings		130,400
n.		Correction of overstatement of prior year’s sales (pre-tax)		36,800
o.		Gain on sale of discontinued operation’s assets (pre-tax)					80,000
p.		Loss from settling a lawsuit		58,400
q.		Income taxes expense		?
r.		Cost of goods sold		1,186,000

Required:
1. Assuming that the company’s income tax rate is 30%, what are the tax effects and after-tax measures of the items labelled as pre-tax? (Negative answers should be indicated by a minus sign.)

2. Prepare a multi-step income statement for the year ended December 31, 2020. (Amounts to be deducted should be indicated by a minus sign in the other revenues and expenses section and the discontinued operations section.)

A company completed the following transactions during the month of October:

I.Purchased office supplies on account,  $4400.

II.Provided services for cash,  $22,000.

III.Provided services on account,  $13,000.

IV.Collected cash from a customer on account,  $8800.

V.Paid the monthly rent of  $16,000.

What was the company's net income for the month?

$13,000

$51,000

$19,000

$35,000

The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance as of July 31, 2017. On July 31, the company’s Cash account has a $25,864 debit balance, but its July bank statement shows a $27,654 cash balance. Check No. 3031 for $1,310 and Check No. 3040 for $647 were outstanding on the June 30 bank reconciliation. Check No. 3040 is listed with the July canceled checks, but Check No. 3031 is not. Also, Check No. 3065 for $431 and Check No. 3069 for $2,078, both written in July, are not among the canceled checks on the July 31 statement. In comparing the canceled checks on the bank statement with the entries in the accounting records, it is found that Check No. 3056 for July rent expense was correctly written and drawn for $1,240 but was erroneously entered in the accounting records as $1,230. The July bank statement shows the bank collected $9,500 cash on a noninterest-bearing note for Branch, deducted a $48 collection expense, and credited the remainder to its account. Branch had not recorded this event before receiving the statement. The bank statement shows an $805 charge for a $795 NSF check plus a $10 NSF charge. The check had been received from a customer, Evan Shaw. Branch has not yet recorded this check as NSF. The July statement shows a $14 bank service charge. It has not yet been recorded in miscellaneous expenses because no previous notification had been received. Branch’s July 31 daily cash receipts of $10,652 were placed in the bank’s night depository on that date but do not appear on the July 31 bank statement. Problem 6-4A Part 1 Required: 1. Prepare the bank reconciliation for this company as of July 31, 2017. 2. Prepare the journal entries necessary to bring the company’s book balance of cash into conformity with the reconciled cash balance as of July 31, 2017. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)