Integrating PHRs with EHRs

You are the Director of Clinical Informatics at an academic medical center in the western United States. Part of your role is to oversee the patient portal which is considered part of the outpatient EHR. The center is planning to adopt and integrate a PHR with its EHR. The hospital CEO drafts of a vision statement that states, “By using the latest technology, University Hospital will improve how our patients experience Health Care. Instead of patients coming to us for help, we will be there whenever and wherever they need us, asking, ‘How can we help you?’ This initiative will make healthcare easier to access and more convenient to use, improve patients’ health, and reduce the rising cost of health care in our area.”

1. What is your role in engaging populations to understand information about their health and how to access health information resources?

2. What steps would patients take to correct their data?

3. What barriers should this facility anticipate and rolling out the PHR, and what tactics should the organization take to overcome them?

Three candidates showed up for an interview. Of all the candidates, only one was appropriated for the job. The first candidate arrived promptly and was dressed professionally. She spoke articulately and seemed a good fit for the organization. The next candidate was also on time, but his dress shirt was stained, his tie was crocked, and he seemed to struggle with the standard interview questions. His performance during the interview was not as impressive as the first candidate’s performance. The final candidate, dressed T-shirt and ripped jeans, arrived a full hour past the scheduled interview time. Because of her tardiness did not interview her.

Q1. Which of the following inferences can the reader draw according to the passage?

A. Preparing for a job interview can compensate for inappropriate business attire

B. A wide variety of applicants for this position ensure the company will find a good candidate

C. Tardiness for a job interview will be interpreted as laziness and disorganization.

D. Being on time for a job interview and dressing appropriately is important to securing.

Q2. Which of the following sentences from the passage is a fact?

A. Because of her tardiness, we did not interview her.

B. Of all the candidates, only one was appropriate for the job

C. His performance during the interview was not as impressive as the first candidate

D. She spoke articulately and seemed a good fit for the organization.

Q3. Which of the following is the writer’s purpose for writing this passage?

A. To change

B. To stereotype

C. To explain

D. To analyze

SHARE-BASED PAYMENTS

Kiwi Car Direct Limited is a New Zealand company which purchases car parts from the United States. It has a balance date of 31 March.

In March 2017 Kiwi Car Direct Limited negotiated the purchase of car parts from its longstanding supplier in the US, Eagle Auto Parts Limited. In this case, Kiwi Car Direct Limited negotiated to settle the purchase of the transaction with 35,000 shares in Kiwi Car Direct Limited. The car parts were received on the 31 March 2017 and are considered to have a total fair value of $260,000. The fair value of Kiwi Car Direct Limited’s shares on the 31 March 2017 was $7.50 per share.

Furthermore, on the 1 April 2017, Kiwi Car Direct Limited granted 10,000 share options to its CEO. All services had been performed by the CEO at that date. The entity reliably estimated the fair value of each option at $6.50.

Required:

(a) Provide the journal entry to record the purchase of the car parts by Kiwi Car Direct Limited on the 31 March 2017.

(b) Calculate the remuneration expense which will be reported in the financial statements of Kiwi Car Direct Limited for the year to 31 March 2018 for services received from the CEO

as consideration for the share options granted.

(c) Discuss the extent to which you consider that the share options granted to the CEO of Kiwi Car Direct Limited are likely to align his/her interests with those of shareholders.

Katie is 23 years old and graduated in 2016 from Niagara with a degree in Supply Chain

Management. She works as a planning analyst at Labatt USA, located in Buffalo, NY. She currently earns

a salary of $54,000 per year, and she expects to get salary increases of 3% per year. After your meeting

with Katie last week, she has asked for your assistance with these questions:

Education:

She is considering going back to Niagara to get a Masters of Business Administration

(MBA). The MBA will take two years, and she expects that it will cost at total of $32,000. She would

receive her degree in 2021, when she is 26 years old. She has been told that with a MBA, she would

receive a salary increase of $6,000 per year. If she stays with her present company until she retires at

age 67, what is the total value of the MBA (assume a 5% interest rate and calculate the present value).

Given the MBA cost, and the present value, is this a good financial move?

Also,

Retirement Planning:

She plans on working until she is 67. She feels that in retirement, she would be

comfortable living on 70% of the income she had in the year before she retires. If she gets the MBA, and

lives for 25 years in retirement, with a 5% interest rate, how much would she need to have saved to

retire? How much does she need to save every month to get to that amount?

On January 1, 2019, Aspen Company acquired 80 percent of Birch Company's voting stock for $482,000. Birch reported a $542,500 book value, and the fair value of the noncontrolling interest was $120,500 on that date. Then, on January 1, 2020, Birch acquired 80 percent of Cedar Company for $144,000 when Cedar had a $150,000 book value and the 20 percent noncontrolling interest was valued at $36,000. In each acquisition, the subsidiary's excess acquisition-date fair over book value was assigned to a trade name with a 30-year remaining life.

These companies report the following financial information. Investment income figures are not included.   

Assume that each of the following questions is independent:

1. If all companies use the equity method for internal reporting purposes, what is the December 31, 2020, balance in Aspen's Investment in Birch Company account?

2. What is the consolidated net income for this business combination for 2021?

3. What is the net income attributable to the noncontrolling interest in 2021?

4. Assume that Birch made intra-entity inventory transfers to Aspen that have resulted in the following intra-entity gross profits in inventory at the end of each year:

What is the accrual-based net income of Birch in 2020 and 2021, respectively?

David Sokol worked at Berkshire Hathaway for legendary investor Warren Buffet, who is renowned not only for his investment skills but also for his ethics. Bankers suggested to both Sokol and the CEO of Lubrizol that the company might be a good buy for Brekshire. Sokol then found out that the CEO of Lubrizol planned to approach Berkshire about a possible acquisition. Sokol purchased $10 million worth of Lubrizol stock before recommending Lubrizol to Buffett. Sokol mentioned to Buffet "in passing" that he owned shares of Lubrizol.

Buffet did not ask any quesitons about the timing or amount of Sokol's purchases. Sokol made $3 million profit when Berkshire acquired Lubrizol.

Did Sokol violate insider trading laws? Did he behave ethically? What are Buffet's ethical obligations?

On September 1, 2020, Piper Corporation acquired Darcy Enterprises for a cash payment of $850,000. At the time of purchase, Darcy’s statement of financial position showed assets of $890,000, liabilities of $450,000, and owner’s equity of $440,000. The fair value of Darcy’s assets is estimated to be $1,150,000. Assume that Piper is a public company and the goodwill was allocated entirely to one cash-generating unit (CGU). Two years later, the CGU’s carrying amount is $3,450,000; its value in use is $3,380,000; the fair value less costs to sell is $2,980,000.

(a) Calculate the value of goodwill acquired at September 1, 2020 and if it is a debit or a credit

(b) If the cash payment was $600,000, how would your answer to (a) change and if it is a debit or a credit

(c) Determine if goodwill is impaired in 2022, and calculate the goodwill impairment loss

Assume that ACW Corporation has 2020 taxable income of $1,540,000 for purposes of computing the §179 expense. The company acquired the following assets during 2020 (assume no bonus depreciation): (Use MACRS Table 1, Table 2, and Table 5).

1. What is the maximum amount of §179 expense ACW may deduct for 2020?
2. What is the maximum total depreciation that ACW may deduct in 2020 on the assets it placed in service in 2020? (Round your intermediate calculations and final answer to the nearest whole dollar amount.)

Suppose that for international students the annual cost of a full time Bachelor of Commerce (BComm) degree from Monash University is $45,000 and the equivalent degree at The University of Melbourne is $43,000. Also, suppose that at these prices there are 800 international students studying a BComm at Monash University and 900 international students studying a BComm at The University of Melbourne.

A. If Monash University lowers the cost of its annual Bachelor of Commerce course for international students to $40,000, what would the corresponding change in the quantity demanded of the course at The University of Melbourne need to be such that the two goods have a cross price elasticity of 1.2? Show your workings. Round your answer to the nearest whole number. [3 marks]

B. Given the cross-price elasticity is 1.2, if there is a 10% increase, for international students, in the price of the BComm course at Monash University, what will happen to international student demand for the BComm course at The University of Melbourne? Be specific in your answer, i.e. demand will … by … %. Show your workings. What does this tell us about the two goods? [1 mark]