Cure Limited prepares its financial statements to 31 December each year. The company is involved in the pharmaceuticals industry and its operations are divided into two cash generating units, ‘EU’ and ‘Non EU’. Two issues need to be resolved before the financial statements for the year ended 31 December 2018 can be finalised.

Issue 1:

The following information is available in relation to the two cash generating units.

Requirement

Calculate whether an impairment loss arises for either of the two cash generating units, ‘EU’ and ‘Non EU’and Allocate any impairment loss arising in accordance with IAS 36 Impairment of Assets.

Issue 2:

On 1 January 2017, Cure Limited entered into a contract to have a new distribution depot built at a cost of £15,000,000. In order to finance the cost of the contract, Cure Limited borrowed £15,000,000 on 1 January 2017 at an interest rate of 6% per annum. The borrowings were drawn down in full on 1 January 2017.

While the depot was expected to be completed by 31 March 2018, it was delayed as a result of a strike by workers during the period 1 November 2017 to 28 February 2018. During the period of the strike, no building work was undertaken. Cure Limited invested available funds from 1 November 2017 to 28 February 2018, earning interest income of £24,000. The depot was completed on 31 May 2018 and the loan was repaid on 30 June 2018.

Requirement                                                                                                                           

Calculate and explain how this transaction should be accounted for by Cure Limited in accordance with extant international accounting standards.

Database Management Systems Question

a. Design a simple RETAIL store records database with 3 to 4 tables to track customer purchases of store products and answer the following questions about your database.

b. Create an instance (a state) of your database.       

Evergreen, Inc., has the set the following standards for direct materials and direct manufacturing labor for each 25-lb. bag of chemical fertilizer it produces:

Per Bag

                  Direct Materials: 31.25 pounds of XF/2000 @ $0.10          $3.125

                  Direct Labor: 0.0625 hours @ $40.00 per hour                         2.500

The company had planned to produce 2,000,000 pounds of the fertilizer during February 2018, but manufactured 25% more fertilizer than planned, using 3,375,000 pounds of XF/2000 and 6,500 direct manufacturing labor hours. The company purchased 3,750,000 pounds of XF/2000 at $0.09375 per pound and incurred a total payroll of $227,500 for direct labor during the month. The company uses standard costing, and thus identifies all variances at time incurred (ie: time of purchase, time of use, etc.).

REQUIREMENTS:

Compute all relevant variances for direct costs.

Prepare the journal entries to record the variances (assume purchases made on the 15^th of the month, payroll and requisitions recorded at end of month).

7. The following is the number of passengers per ight in a sample of 34 ights
from Ottawa, Ontario, to Hampton, Washington in 2018.
78 73 75 99 50 58 25 56 57 55 59 55 62 69 77 66 51
21 53 30 51 63 52 57 68 75 66 65 69 79 72 65 53 50

(f) Find the percentage of measurements falling in the intervals xks for k =
1; 2; 3.

(g) How do you compare the percentages obtained in part (f) with those
given by the Empirical Rule? Explain.

3.

a. Design a simple normalized Library database for tracking “customers reserve books” with not more than 3 tables and answer the following questions about your database.

b. Discuss how your database is in third normal form using functional dependencies (FDs).

c. Create an instance of your database.

d. Provide one external level view query in English on your database.

A compound with the empirical formula CH2 has a molar mass of 98 g/mol. What is the molecular formula for this compound? 2-A compound is 54.53% C, 9.15% H, and 36.32% O by mass. What is its empirical formula? 3-The molecular mass of the compound is 132 amu. What is the molecular formula? 4What is the empirical formula of a compound composed of 3.25% hydrogen (H), 19.36% carbon (C), and 77.39% oxygen (O) by mass? 5What is the empirical formula of a compound composed of 36.5 g potassium (K) and 7.47 g oxygen (O)?

A particular fault is supposed to trigger five redundant alarms. These alarms fail idependently. If the probabilities that alarms 1 and 2 will trigger when this fault occurs are 0.99 and 0.995, respectively, and that alarm 3-5 will not trigger when fault occurs are 0.01 for each one. What is the probability that no alarm will trigger when the fault occurs? What is the probability that all will trigger when the fault occurs?

Ahmed, an Australian resident, was made redundant on 30th June 2020 at the age of 58. He had been employed at the company for 14 years and 9 months. His taxation records for the year ended 30th June 2020 revealed the following:

Gross wages up to redundancy $65000 (PAYG withheld $18400)

Interest on savings account held jointly with spouse $4200

Genuine redundancy payment $93000

Lump sum received from his superannuation fund:

Taxable component (element taxed in the fund) $372000 (PAYG withheld $26000)

Ahmed has adequate private health insurance cover for the year.

Required:

For the year ended 30 June 2020, calculate Ahmed's:

a) Taxable Income

b) Net Tax Payable or Refundable

Discuss the Shareholder Concerns in details of ""Netflix"" according to:

Ownership structure: Start by looking at proportions of the outstanding stock held by institutions, insiders and individuals. This data is generally available in public sources, in most countries.

• How many stockholders does the company have?
• What percent of the stock is held by institutional investors?
• Does the company have listings in foreign markets? (If you can, estimate the percent of the stock held by non-domestic investors)

• Who are the insiders in this company? (Besides the managers and directors, anyone with more than 5% is treated as an insider)
• What role do the insiders play in running the company?
• What percent of the stock is held by insiders in the company?

P.S mention resources and citations for your answer.

For the seven terms listed below, explain what the term means and how it matters in European economic history. In most cases, a three-sentence explanation answer is fine.

1. Increasing returns to scale
2. Economies of scope
3. Financial leverage
4. Backward linkages
5. Redundant tariff
6. Conacre
7. Clogs to clogs in three generations