Instructions – PLEASE READ THEM CAREFULLY

• The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
• Assignments submitted through email will not be accepted.
• Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
• Students must mention question number clearly in their answer.
• Late submission will NOT be accepted.
• Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
• All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
• Submissions without this cover page will NOT be accepted.

Assignment Question(s):                                                     

Q1-

A company wants to implement good internal control. What are the policies and procedures you can suggest to minimize human frauds and errors? (1Mark)

Q2-

Assume that you have a company. And the management team estimates that 3% of sales will be uncollectible.

Give any amount of sales and prepare the journal entry using the percent of sales method. (1Mark)

Q3-

A company that uses a perpetual inventory system made the following cash purchases and sales. There was no beginning inventory.

A.Prepare general journal entries to record the March 16 sale using the

1. FIFO inventory valuation method.
2. LIFO inventory valuation method.
3. Weighted average valuation method.

B. What is the cost of goods sold and the gross margin for each method? (2Marks)

Q4. What is the bank reconciliation? why is it important for companies to prepare bank reconciliation periodically? (1Mark)

A gunman-in-training is practicing his shooting at the range. He holds his gun at the same height as his target that is 50 m away. He shoots the bullet with a horizontal velocity of 100m/s and an initial upwards velocity of 2 m/s. a) How much time would it take for the bullet hit the target? b) How far above or below the target does the bullet hit? (Don't forget to mention above or below) c) What upward velocity should he shoot at if he wants to his directly at the target, assuming he shoots the bullet with the same horizontal speed? d) For the last exercise of his training, the gunman-in-training has to shoot a falling target. The target is dropped from rest 50 m horizontally, at a height of 25 m above his gun. If he shoots strictly horizontally, how long after the target is dropped should he pull the trigger? Use the following to help you answer this question. (i) You should already know how long it takes for the bullet to reach target’s horizontal position from a previous part of the problem.

Determine how far the bullet would fall during this time. (ii) Then you want to determine the total vertical displacement the target has to travel to be at the same place as the bullet. (iii) Now determine how long it would take for the target to travel that total vertical displacement. (iv) Finally, determine how long after the target is dropped should the gunman-in-training pull the trigger. (e) *BONUS* The gunman-in-training is simply too impatient to wait that long. Instead, he wants to pull the trigger once the target gets dropped. At what upwards velocity should he shoot with, while keeping the same horizontal velocity, in order to hit the target as it is falling? (You’re on your own for this one, but you can follow the same type of logic.)

Question No 1: (3+2+2+3=10 Marks)
Assume that you are a newly appointed partner in your audit firm. Your first assignment was to
handle the audit of your firm’s newest client, Marhoon Ltd. Marhoon Ltd. is a trading business that
offers goods in a physical store and an on-line shop. The business has a young, modern vibe to it that
it was a hit among young adults and teenagers. It is very important to have good relationship with
this client since this will open-up many good business opportunities for your audit firm. You have
already met Mr. Mohammed, Marhoon Ltd’s managing director. He is a fine, nice man and have
good reputation in the community, even though he is still relatively young to be a successful
businessman. You believed that your firm is lucky to have him as a client as you don’t see any
problem being their company’s auditor. As you are nearly finishing review of your team’s report you
noticed an alarming observation made by the senior auditor. There was a large amount of taxes not
paid that accumulated in the past 3 years. At that point you knew that the previous auditor did not
mention anything about this in their past audit report. You are now concerned whether the company
had never tried to resolve this issue with the tax authorities and if this problem comes out, the
reputation of your client will greatly suffer.
Required: Explain your answer to the following questions:
1. Which fundamental ethical principles in ISA 200 will be affected in this scenario? You can
explain more than one ethical principle, if applicable.
2. Given the additional business you hope may be generated from your relationship with this
client, is there additional pressure on you to please the client?
3. If the tax authorities discovered this issue later, would this impact on your firm’s
reputation?
4. What could be the possible course of action?
300 words required

6. Give three examples of pathologies in which there is an upregulation of RAAS. Next to each one explain your reasoning.

7. How would high levels of angiotensin II (Ang II) affect someone with hypertension?

Part II – Grandpa’s Medications

“Now, what about your grandfather’s medications? He’s taking lisinopril and furosemide. How do those interact with your RAAS system on this diagram that you’ve made?” asked Mom.

“My professor, Dr. Sven, did mention how certain medications disrupt the system and lower blood pressure, which is why grandpa is on these medications. But I’m not sure what drug classes those particular medications belong to.” Arie picked up her iPhone and said, “Hey Siri! What is lisinopril?”

An automated friendly voice boomed, “Lisinopril is a medication of the angiotensin-converting enzyme inhibitor class used to treat high blood pressure, heart failure and after heart attacks. For high blood pressure it is usually a first line treatment…” (Wikipedia, Lisinopril, 2020).

“Ah! Lisinopril is an ACE inhibitor, and furosemide is a diuretic. Ok, now I get it. Let me show you how these drugs disrupt the RAAS pathway and lower Grandpa’s blood pressure.”

Questions

1. Explain why ACE inhibitors (ACEi) and angiotensin receptor blockers (ARB) are prescribed to treat hypertension and heart failure.

2. A drug that amplifies the effect of bradykinin would have what effect? What diseases could it be prescribed to treat?

3. Would a patient taking an ARB have the same vasodilation effect via bradykinin as a patient taking an ACE inhibitor?

4. Spironolactone is a drug that blocks the aldosterone receptor in the renal collecting tubule. How would the sodium and potassium levels in the urine change after a patient is placed on spironolactone? Based on these changes, what are possible metabolic adverse effects of the drug?

The following chart show the results of cloning nuclei from several cell lines (e.g. v6.5, v18.6, etc.) derived from two different genetic strains of mice (F1 and 129). Note: your answers require no prior knowledge of these strains or the specific cell lines listed)

1. What is the main conclusion that can be drawn based on the results of these data with respect to success of the cloning experiments?
2. Give three possible cell intrinsic differences between v6.5 cells and LJG-13 cells that could play a role in their different results in this assay.

For one of the three potential factors you mention above, describe a brief experimental plan to test whether this factor is responsible for the differences between v6.5 cells and LJG-13 cells in this assay. Include in this plan roughly how you would perform the experiment, what your readout would be and what you could conclude based on your results.

Malaysia Airlines, AirAsia, Malindo need different action by govt amid Covid-19 pandemic — Mustapa Mohamed

KUALA LUMPUR (March 30): Airline companies including some of the most well-known in the industry are facing their biggest challenge due to Covid-19 pandemic, Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed said.

According to him, this is a global phenomenon with giant airlines such as Emirates and Singapore Airlines have also been affected, not to mention Malaysia Airlines, which has faced various challenges before the outbreak.

Although there was no announcement in terms of assistance for airlines in the Prihatin Rakyat Economic Stimulus Package (PRIHATIN) announced by Prime Minister Tan Sri Muhyiddin Yassin last Friday, the sector would need action, he said.

“Companies like Malaysia Airlines, AirAsia and even Malindo Air are big employers. Certainly (it) requires a different action,” Mustapa said on Bernama TV's "Ruang Bicara Khas" last night.

However, he did not elaborate on the timing and actions the government would take to help Malaysian airline companies.

Leading low-cost carrier, AirAsia has temporarily suspended all international flights for operations in Malaysia, Thailand and the Philippines due to the Covid-19 outbreak.

AirAsia Malaysia has also temporarily suspended all its international and domestic flights from March 28 to April 21, 2020.

The national carrier, Malaysia Airlines has also significantly reduced its overall network, due to the nationwide MCO from March 18 to 31.

(a) Discuss factors that have affected AirAsia Group Bhd. in their business over time. How have these factors affected pricing decisions among airline operators?

(b) What general pricing approaches have AirAsia pursued?

(c) Do you think that AirAsia will be able to overcome this amid Covid-19 pandemic? What recommendations would you give to its management?

REWORD THE TEXT TO 6TH GRADE LEVEL DO NOT USE ONLINE SOURCES PLEASE

• Obama was expected to give his keynote speech on Tuesday night 27 July. Before his presentation, some Obama advisors were worried, because it was the first time he had used a teleprompter.Obama soon went into a brief autobiographical session talking about his grand-dad made a living by working as a servant for the British, to his own dad who had got a scholarship so that he could come to the United States. Then talked about his mother's family, explaining his grandfather fighting in World War II under Patton while his grandmother was working and taking care of his mom..  

• He spoke about the simple librety enunciated in the Declaration of Independence, and he said in the 2004 election he thought was a time to reassure these values and remember that "We have more work to do." He then went on to mention several Americans he met who weren’t doing good with jobs, healthcare, and education, saying that "they don't expect the government to fix all their problems, but they hope, deep in their hearts, that with just a small change in priorities, we can ensure that every child in America has a fair shot at life and that the doors in opportunity remain open to all.In the next piece of his speech, Obama addressed John Kerry, stating his core principles and convictions on a variety of topics, interrupted by a tale of a young Marine he had met and affirmed that when military action is conducted, the families and soldiers involved must be looked after and that there is a duty to never go to war without adequate troops to win the war, secure peace and gain world respect. "Obama subsequently returned to Kerry and expressed his determination to keep America safe. Obama then discussed the notions of community and cohesion in America that individuals suffering elsewhere affects us even though we are not directly involved in it.

Free will is an important concept to individuals and societies. In the context of cognitive neuroscience, mounting evidence suggests that free will is an illusion, constructed by processes in the brain, similar to visual illusions. Recent research has demonstrated that people who believe in free will tend to also believe in the paranormal (Mogi, 2014). A psychologist at Arizona State University (ASU) wanted to replicate this study with students in the psychology major. Following the procedure of Mogi (2014), an anonymous survey was sent to students with a call to participate in a “study of free will.” There was no mention of paranormal beliefs at this stage. One thousand and thirty-eight (1038) students completed the following survey. First, subjects were asked a series of questions regarding their belief in free will. After the free will questions, subjects were asked a series of questions regarding their belief in the paranormal. Care was taken so that the questions related to the paranormal was not phrased in a way that suggested a correlation between free will and the paranormal. Below are the findings:

1. (Test of Independence) The researcher now wants to look at just the psychology students at ASU. Does this data suggest a significant relationship between belief in free will and belief in the paranormal amongst the budding psychologists at ASU?
   
   1. Which variables are being tested in this Test of Independence?
      
   2. What are the hypothesis (H₁), the null hypothesis (H₀), and alpha level?
      

3. What is the df value for the chi-square statistic?
4. What is the population size?
5. Using SPSS and the dataset, ParaFW.csv, conduct a Test of Independence. What is the chi-square statistic and p-value?
   

1. 6. BY HAND! Calculate the chi-square statistic for this test of independence with α = .05.
      
2. 7. Conduct a measure the Effect Size. Is this effect size small, medium, or large?
      

State your decision: Based on your statistical analysis, does this data suggest a significant relationship between belief in free will and belief in the paranormal amongst the budding psychologists at ASU?

Assignment on New Technologies (Essay)

Assignment on New Technologies

The world of information technology is constantly changing. New technologies are invented almost daily.

Tell the story of a new information technology invented during the past 30 years. You may present inventors’ stories. You should explain the relation to information technology. Examples of information technologies invented during the past 30 years include:

• Viber; Amazon; Netflix; Twitter; YouTube; MySpace; WebVR; Google; Flickr; Smartphone; Linux; PayPal; Wikipedia; Skype; fiber optics; cloud computing; HTML5; 4G or 5G Networks; Smartboard; 3-D Printer; Instagram; Pinterest; Auto-tune; Cochlear Implants; Snapchat; Bluetooth; lab-on-a-chip technology; a lab on fiber; Apple Watch; Second Life; IMVU; multi-core processor; flat panel display; solid-state drive; BitLocker technology; e-readers; laser microphone; robot vacuum; radar and laser detectors; Uber; see also textbooks and recent news. A good source for personal computers related information is PC World.

1. Limit your written answer to a maximum of 350 words; after the text, including the sources you used for your research. The written assignment (Essay) portion of your mark is 2%.
2. Prepare a 3-5-minute presentation. The presentation portion of your mark is 3%.

3. It is a group activity and makes a group of two (2) students. You can work individually if you do not find a suitable partner. However, each student has to submit the assignment and powerpoint presentation individually but have to mention the name of your partner in the submitted documents.

Submit the assignment and the presentation by uploading your files on CCMS (Moodle) to each student individually. If needed, you may submit only a link to the presentation. A submission of a presentation file is not required. You may present without any presentation documents.

1.

2. Create a formula that will return "Extend Credit" or "No Credit" in column F. In order to be receive credit, the customers must have DTI that is lower than .30 (30%) and annual income of at least $37,000 or have a credit score higher than 4.0

Enter an IF statement in G4 that will return the appropriate bonus for the sales recorded in F4. The actual bonus rate depend on the amount sold. The table B2:D5 show the bonus rate for different sales levels. This assignment will require a statement with multiple if's.

Please mention the excel formula used here.