Glass PLC is a manufacturing company and engaged in the business of wholesale and retail business. The following information has been provided for the quarter ended 31st October 2019. 1. Sales to Wholesale shops : Rs. 7,500,000 2. Sales to end customers : Rs. 6,000,000 3. NBT paid on imported raw materials : Rs. 35,000 4. NBT paid on services : Rs. 50,000 Compute the NBT payable for the quarter ended 31st October 2019

B. Explain the different between exempt suppliers and Zero- rated supplies with reference to Value Added Tax (VAT

C. Roshan is a resident individual and tax payer. He has failed to comply with the statutory requirement to submit an income tax return on or before the due dates. State the applicable penalties for non- compliance with reference to Inland revenue Act No. 24 of 2017.

D. Explain five withholding taxes applicable in Sri Lanka for the year of assessment 2018/19.

A publisher sells subscriptions to its print publications and to its online versions of the same publications. A customer can buy a print-only subscription for (see separate sheet) months for (see separate sheet), or a print subscription plus an online subscription for (see separate sheet). Experience shows that almost all customers buy the print plus the online subscription, so the publisher does not allocate between print only and print plus online; it simply treats everything—even the print-only subscriptions—for accounting purposes as if it were print plus online.

Assume that the publisher sells this number of subscriptions (see separate sheet). Make the journal entries for (a) the sale of the subscriptions and (b) the monthly amount of subscription revenue.

Number of months subscription is good for- 12

Subscription Price, print only- 107.00

Subscription price, print plus online- 108.00

Number of subscriptions sold, print plus online-94

1. Revenue model is a number revenue model that e-commerce is adopted to generator revenue and profits?

2. The types of revenue model, describe each one?

3. What are the benefit of Internet options to the seller to the buyer.?Benefit and the cost of online options.?

4. What are the five steps a social marking, describe each one?

5. What is the five step of analyzing ethical dilemmas, And describe each one?

Research conducted by Worldwide, Inc., a manufacturer of laptop computers, shows that potential laptop customers (i.e., “buyers”) differ in the importance that they attach to the following two laptop features:   (1) that the laptop include a solid state drive (i.e., SSD), and (2) that the laptop include a high resolution screen. A sample of five representative (prospective) customers of Worldwide reveals the following set of preferences for these attributes/benefits (the data are comma-delimited):

1, 6,    8

2, 3,     4

3, 4,     1

4, 4,     8

5, 5.5, 7       (this is not a typo: the x value for customer #5 is 5 ½)

where:

                  (1) the measurement scale is continuous, and ranges from 1=very unimportant to

     10=very important

                  (2) the first entry in a row is the respondent i.d. number

                  (3) the second entry (x-axis) is the importance weight attached to “includes a SSD”

                  (4) the third entry (y-axis) is the importance weight attached to “includes a high resolution

     screen”

For Question #1, parts (a) through (h) below, perform a k-means cluster analysis of the Worldwide data. For purposes of this question, set k= 2, and use the point (3,5) as initial centroid #1 and the point (6,1) as initial centroid #2. Perform all numeric calculations to 3 decimal places of precision (e.g., 8.352).

(1a) Which customers (i.e., “buyers”) are assigned to starting centroid #1, and what is the Euclidean distance between each of these customers and starting centroid #1? In your answer clearly indicate each customer’s id, and the Euclidean distance (to 3 decimal places) between the customer and starting (i.e., initial) centroid #1.

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

                  (Note: here, and below, complete for as many customers as appropriate)

(1b) Which customers are assigned to starting centroid #2, and what is the Euclidean distance between each of these customers and starting centroid #2? In your answer clearly indicate each customer’s id, and the Euclidean distance (to 3 decimal places) between the customer and starting centroid #2.

Buyer id: _________          Distance: ____________       

                                    Buyer id: _________          Distance: ____________       

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

(1c) Following your assignment (in 1a and 1b above) of customers to the two starting centroids, what are the revised (i.e., updated) centroid values for centroid #1 and centroid #2?   (Note: you can refer to these revisions as “1^st iteration”-revised centroids)

                  1^st iteration-revised centroid #1: ___________  

                  1^st iteration-revised centroid #2: ___________  

(1d) Next, based on your answer to part (1c), and continuing the k-means clustering process, which customers should be assigned to the 1^st iteration-revised centroid #1, and what is the Euclidean distance between each of these customers and the 1^st iteration-revised centroid #1?

                                    Buyer id: _________          Distance: ____________    

                                    Buyer id: _________          Distance: ____________    

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

(1e) Similarly, based on your answer to part (1c), which customers should be assigned to the 1^st iteration-revised centroid #2, and what is the Euclidean distance between each of these customers and the 1^st iteration-revised centroid #2?

Buyer id: _________          Distance: ____________   

                                    Buyer id: _________          Distance: ____________   

                                    Buyer id: _________          Distance: ____________   

                                    Buyer id: _________          Distance: ____________

                                    Buyer id: _________          Distance: ____________

(1f) Based on your customer assignments in parts (1d) and (1e), what are the 2^nd iteration-revised centroid values, for centroid #1 and centroid #2?

                  2^nd iteration-revised centroid #1: ___________    

                  2^nd iteration-revised centroid #2: ___________  

(1g) Are any additional iterations needed in this k-means clustering problem? Yes or no? Why or why not?

                  ___________________________________________________________________

(1h) What is the Euclidean distance between the final cluster centroids (i.e., the 2^nd iteration-revised centers)?

                  Distance = _______________

Berg Corporation is a service company that measures its output by the number of customers served.
The company has provided the following fixed and variable cost estimates that it uses for budgeting
purposes.
Fixed Element per Month
Variable Element per Customer Served
Revenue
$
4,200
Employee salaries and wages
$
58,800
$
900
Travel expenses
$
700
Other expenses
33,300
When the company prepared its planning budget at the beginning of March, it assumed that 40
customers would have been served. The amount shown for "Employee salaries and wages" in the
planning budget for March would have
been:
a. $91,200.
b. $94,800.
c. $92,600.
d. $102,889.

An entrepreneur opened a small hardware store in a street mall. During the first few
weeks, business was slow with the store averaging only one customer arrived every 20
minutes. Assume that the random arrival of customers is Poisson distributed.

(a) What is the probability that exactly 5 customers arrive during one-hour period?

(b) If the average revenue from each customer is MYR 12, what is the probability
that the entrepreneur’s hourly earnings are at least MYR 24?

(c) If the hardware shop is open for 8 hours, what is the entrepreneurs mean daily
earnings if each customer were to spend on average about MYR 12.

( show steps please)

. Evaluate each of the five influ- ence techniques attempted by the

salesperson. Which technique do you think was most effective? Which tech- nique was most important in generating revenue for

2. What could the auto dealer do to reduce the customer’s cognitive dis- sonance relating to the purchase?

3. How could customers like the one at the auto dealer avoid being persuaded by behavioral compliance techniques?

2. What could the auto dealer do to reduce the customer’s cognitive dis- sonance relating to the purchase?

3. How could customers like the one at the auto dealer avoid being persuaded by behavioral compliance techniques?

After making a sale, a seller may have customers that return goods. The seller uses the perpetual inventory system. This requires the seller to _____.

A.) reduce sales and cost of goods sold for the period

B.) use historical data to record sales revenue in the amount that is expected to be received

C.) record two adjusting entries to account for the estimated returns

D.) All of the statements are correct.

You are performing an audit test of management’s assertion of proper cutoff for sales revenue transactions for one of your clients. Answer and clearly explain each of the following: A.) What is the purpose of this test? B.) From what accounting period should your evidence be selected? C.) Why would purchase orders from client customers not be a good form of evidence for this test? Be specific

Suppose that, in the absence of insurance, the daily demand for visits to a clinic is given by Qd = 200 – 0.5P, where c is the coinsurance rate and P is the price charged by the clinic.

a. Calculate the quantity demanded when P is $100.

b. Calculate daily revenues when P is $100. Now assume that customers pay a coinsurance rate,

c. You will need to modify the demand function to account for the coinsurance. See page 105 of the Bernell text for some tips. c. Calculate the quantity demanded when P is $100 and the coinsurance rate is 0.4.

d. Calculate the daily revenue for the values given in (c). e. Calculate the quantity demanded when P is $100 and the coinsurance rate is 0.8.

f. Calculate the daily revenue for the values given in

(e). Assume the clinic’s daily capacity is 100 customers.

g. Calculate the price the clinic should set to exactly use its entire capacity when there is no insurance (i.e., the coinsurance rate is 1).

h. Calculate the price the clinic should set to exactly use its entire capacity when there is a coinsurance rate of 0.8