1. How will small businesses, which are now closed, under shelter-in-place orders continue to exist?

2. How will small businesses continue to make payroll and pay for benefits, if they are closed?

3. Will banks make bridge loans to small businesses, given their failure rate?

1. Vwalika plc was created on 1 January 2010 with a share capital of K150,000, fully paid in cash on that date. The price level index at that date was 100. The following transactions were recorded:

Purchased equipment for K90,000, K40,000 paid when the index was 100, and payment of the balance being deferred for 18 months.

Purchased goods for K88,000 when the index was 100.

Purchased goods for K90,000 when the index was 110.

Sold goods for K200,000 when the index was 120, the cost of sales amounting to K120,000. Cash expenses amounted to K32,000, and a depreciation provision of 10 per cent on historic cost of equipment was made at year end.

Additional information as at 31 December 2010 was as follows:

Trade debtors                                                                                       K36,000

Bank balance                                                                                         K81,000

Creditors                                                                                                K67,000

Closing inventory was valued at K58,000 on a FIFO basis.

The index at year end was 120.

Required:

1. Calculate the purchasing power gain or loss on the monetary items.
2. Prepare an inflation-adjusted income statement for the year ended 31 December 2010.
3. Prepare an inflation- adjusted balance sheet as at 31 December 2010 when the price level index was 130.

Honeymoon Haven Ltd is due to commence preparation of the Cash Flow Statement at the end of 2010. The accountant has called in sick and the statement needs to be prepared by the end of the day. Consequently you, as managing director of the company are now required to complete this task, and have been given the following data:

Other information was provided as follows:

Land was sold at cost price of $53,400

Equipment was sold during the year at its written down value of $80,100

Dividends of $18,690 were paid during the year

Repayments totalling $42,720 were made on the mortgage payable during the year

Machinery costing $149,520 was purchased for cash

Required:

Prepare the Statement of Cash Flows using the Direct Method. (Refer to ILT report page 23 for layout)

Reconcile net profit to the net cash flow from operating activities. (Refer to ILT report page 37 for layout)

Six subjects took part in a weight loss study. Each subject was weighed at the beginning of the study. The subjects then completed a six-week diet and exercise plan. They were weighed after completing the plan.

The results are shown below The variable Weight Change is defined as the Weight After minus the Weight Before. What is the average weight change? Include 1 decimal place in your answer.

In a test of the effectiveness of garlic for lowering​ cholesterol, 47 subjects were treated with garlic in a processed tablet form. Cholesterol levels were measured before and after the treatment. The changes ​(before-​after) in their levels of LDL cholesterol​ (in mg/dL) have a mean of 4.2 and a standard deviation of 15.5. Construct a 90​% confidence interval estimate of the mean net change in LDL cholesterol after the garlic treatment. What does the confidence interval suggest about the effectiveness of garlic in reducing LDL​ cholesterol?

_____ mg/dL < population mean < ______ mg/dL (round two decimal places as needed)

Ten individuals have their systolic blood pressures measured while they are in the dentist’s waiting room and again an hour after the conclusion of the visit to the dentist. The data are as follow: (5 Points).

Write a four step procedure to conduct test of hypothesis for the above data

Test the hypothesis at 3% level of significance whether mean difference of the blood pressure before and after visit is zero or not.

Lisa’s Darwin Home

Lisa sold her home in Darwin (contract date September 2019, settlement December 2019), receiving $1,220,000 at settlement. This is after legal fees ($12,000), advertising ($2,000) and real estate commissions ($25,000) were deducted. Records indicate that Lisa purchased the property in 2002 (contract date January, settlement March) for $653,000. Legal fees, commissions and advertising of $8,000 were also incurred. Lisa moved in within 6 months, selling her former residence during that time. Over the ownership period, Lisa rented the property for three years beginning December 2010, with $65,000 of $120,000 in non-capital costs claimed against rental income. The property was valued at $890,000 at the time it began being rented. Sculpture Lisa gave a sculpture, valued at $18,900, to her friend in June 2020.

The sculpture was purchased for $480 in December 2000 and repaired in March 2016 for $1,250.

Vase

When Lisa was playing with her cat in September 2019, the cat accidentally knocked over and broke a vase given to her by her grandmother in September 2018 (worth $6,100 at that time). The vase dated back to the Australian gold rush (circa 1850's) and, after undertaking some research, she discovered it was currently worth approximately $27,000. Lisa did not have insurance for the item. Cryptocurrency Lisa converted cryptocurrency into $27,200 Australian dollars in October 2019. To complete the transaction, she incurred $950 in transaction fees. Therefore, Lisa received $26,250 in cash. Lisa had acquired the cryptocurrency in September 2018 for $9,200 Australian dollars.

Shares Lisa sold

shares she held in a construction company in March 2020 for $182,000. She had purchased the shares for $37,200 in December 1986. Lisa has indicated that she has carried forward losses from prior years of $180,000 relating to a prior disposal of shares and land. We will have a meeting first thing Monday morning, so please complete your analysis by the end of Friday so I can review her circumstances over the weekend.

Required: You are required to calculate Lisa’s Net Capital Gain (loss) for the year ending 30 June 2020 based on the above information provided. In doing so, you must present an accurate and complete analysis.

Qa) Determine the taxable capital gain (loss) on the sale of the home. Briefly justify your answer/show all workings.

Qb) Determine the taxable capital gain (loss) on the sale of the Sculpture. Briefly justify your answer/show all workings

Qc) Determine the taxable capital gain (loss) on the sale of the Vase. Briefly justify your answer/show all workings

Qd) Determine the taxable capital gain (loss) on the sale of the Cryptocurrency. Briefly justify your answer/show all workings.

Qe) Determine the capital gain on the sale of the Shares. Briefly justify your answer/show all workings A.6 Determine the Net Capital Gain and/or Loss for Lisa. Briefly justify your answer/show all workings.

Describe one method of eukaryotic gene regulation that can happen in each of the following cases:

1. Transcription

2. After transcription is completed, before the transcript leaves the nucleus

3. After the transcript leaves the nucleus

4. Translation

Consider the titration ofa 25.0 mL solution0.150 M HF with 0.150 M NaOH. What is the pH of the solution before addition of titrant, after addition of 10.0mL, and after addition of 25.0mL of titrant?