Essay Topic: Impact of Coronavirus

Please discuss the recent pandemic COVID-19, aka the coronavirus. First give intel on the whole pandemic, explaining the root of the virus and how it got its way into the US, based on the updated news. Then talk about the various factors of the pandemic including the effects of it nationwide, especially the United States. Then organize the concerns into categories of food, economy, politics, race, and inequality. Explain each topic under the current pandemic.

• Please make sure to use citations and references for the essay

• Please use APA 6th format if possible

The following are details extracted from the books of Bio Eve Company:

• 01/01/2018 Buildings at cost amounted to $850,000.
• 01/01/2018 The balance in the provision for depreciation account was $85,000.
• 01/06/2018 Purchased a building for $150,000.
• 01/07/2018 Sold for $95,000 a building which costs $100,000. The book value of this building on 01/07/2018 was $75,000.
• 31/12/2018 The total depreciation for the year ended 31/12/2018 was $85,000.
• 01/01/2019 The buildings were revalued at $950,000.
• 31/12/2019 Provide for depreciation at the rate of 3% of the value of the buildings on 01/01/2019.

            You are required to show:

(a)        The buildings account for the two years between 2018 and 2019.

(b)        The provision for depreciation accounts for the two years between 2018 and 2019.

(c)        The building's disposal accounts for the year ended 31/12/2018.

(d)        The revaluation reserve account.

The Cash Budget

Once we see how the components of the cash budget are calculated, it is just a matter of putting together an entire cash budget. It almost seems redundant to say, but a cash budget includes only cash items. So if a company makes sales on account, those are not included in the cash budget until cash is received on account. Similarly, a company may have non cash expenses. These are not included in the cash budget.

A company expects sales of $100,000 in July and expects sales of $115,000 in August. The company provided the following information:

a. Sales in the previous three months were:

Of the sales, 10% are cash sales, the remaining are on account. The company experiences the following accounts receivable payment pattern: 25% in the month of sale, 50% in the month after sale, 20% in the second month after sale.

b. Purchases of goods are made the month before the anticipated sale at a rate of 60% of sales. Of monthly purchases, 25% are paid in the month of purchase, and the remaining 75% in the following month.

c. Wages for staff total $6,450 per month.

d. Telecommunications and utilities are $1,900 per month.

e. The property tax bill of $6,000 is due in August.

f. Insurance is paid quarterly at $1,200 per quarter. The next payment is due July 15.

g. Depreciation is $2,000 per month.

h. Advertising is budgeted at $2,000 per month in the summer months.

i. Professional fees (legal, bookkeeping, etc.) average $600 per month.

j. Maintenance is $800 per month.

k. Office supplies average $150 per month.

l. The owner took out a loan from her family and is paying it back at the rate of $4,000 per month.

m. The cash balance on July 1 was $2,190.

Develop a cash budget for July by filling in the following table. If an amount box does not require an entry, enter "0" or leave the cell "blank".

Question
One of the divisions within Forth Motors is currently negotiating with another supplier
regarding outsourcing component A that it manufactures. The division currently
manufactures 10,000 units of the component per year. The costs currently assigned
to the component are as follows:
Total Costs of
producing 10,000
units of component
A (£)
Unit Cost (£)
Variable Costs
Material X 120,000 12
Labour 100,000 10
Other variable manufacturing
costs (power and utilities)
10,000 1
Fixed Costs
Fixed manufacturing costs 80,000 8
Share of fixed nonmanufacturing
costs
50,000 5
TOTAL COSTS 360,000 36
The above costs are expected to remain unchanged in the foreseeable future if Forth
Motors’ division continues to manufacture component A. The supplier has offered to
supply 10,000 units of component A per year at a price of £30 per unit guaranteed for
a minimum of 3 years. If Forth Motors outsources component A, the labour force
currently employed in producing the component will be made redundant. No
redundancy costs will be incurred. Material X and other variable manufacturing costs
(i.e. power and utilities) are avoidable if component A is outsourced. Fixed
manufacturing costs (some of which are stepped-fixed costs) would be reduced by
10,000 per year, but the share of the fixed non-manufacturing costs would remain
unchanged.


Required:
(a) Assume that the capacity that is required for component A has no alternative use.
Should the division of Forth Motors make or buy the component? Provide clear
workings and arguments to support your answer.

(b) Assume that the extra capacity that will be made available from outsourcing
component A can be used to manufacture and sell 10,000 units of component Z
at a price of £34 per unit. All of the labour force required to manufacture
component A would be used to make component Z. The other variable
manufacturing costs, the fixed manufacturing costs and the share of the fixed nonmanufacturing
costs would be the same as the costs incurred to manufacture
component A. Material X used to manufacture component A would not be
required, but additional Material Y required for making component Z would cost
£13 per unit. Should Forth Motors outsource component A? Provide clear
workings and arguments to support your answer.

During ____________________ of mitosis __________________ chromatids segregate.

A. telophase; sister

B. telophase; non-sister

C. anaphase; sister

D. anaphase; non-sister

E. metaphase; sister

F. metaphase; non-sister

1. Classify the following as a functional requirement or as a Non-functional requirement. Provide the reasoning behind your choice.

1. They system failure rate shall be less than 1 failure per 1000 hours of operation.

• Functional:
• Non-functional

2. The system shall return for a search run by a user in less than 3 seconds.

• Functional:
• Non-functional:

3. The system shall be available 99.99% of the time.

• Functional:
• Non-functional:

4. The system shall allow the human resource manager to view attendance reports and check-in/ check-out times for hourly employees.

• Functional:
• Non-functional:

5. The system will require less than 10 Mbps internet speed to handle 100 concurrent users.

• Functional:
• Non-functional:

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux's accounting records is provided also.

Additional information from the accounting records:

a. A building that originally cost $40,000, and which was three-fourths depreciated, was sold for $7,000.

b. Land was acquired by issuing a 13%, seven-year, $30,000 note payable to the seller.

c. Cash dividends of $13,000 were paid to shareholders.

Required:
Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).)

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for National Intercable Company. Additional information from NIC’s accounting records is provided also.

The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given below for Dux Company. Additional information from Dux’s accounting records is provided also.

DUX COMPANY
Comparative Balance Sheets
December 31, 2018 and 2017
($ in 000s)
2018 2017
Assets
Cash $ 47 $ 27
Accounts receivable 51 61
Less: Allowance for uncollectible accounts (3 ) (2 )
Dividends receivable 5 4
Inventory 69 57
Long-term investment 29 17
Land 96 50
Buildings and equipment 218 264
Less: Accumulated depreciation (32 ) (64 )
$ 480 $ 414
Liabilities
Accounts payable $ 20 $ 34
Salaries payable 5 8
Interest payable 7 6
Income tax payable 14 16
Notes payable 46 0
Bonds payable 109 77
Less: Discount on bonds (9 ) (17 )
Shareholders' Equity
Common stock 217 207
Paid-in capital—excess of par 28 27
Retained earnings 58 56
Less: Treasury stock (15 ) 0
$ 480 $ 414

DUX COMPANY
Income Statement
For Year Ended December 31, 2018
($ in 000s)
Revenues
Sales revenue $ 261
Dividend revenue 6 $ 267
Expenses
Cost of goods sold 127
Salaries expense 32
Depreciation expense 19
Bad debt expense 1
Interest expense 15
Loss on sale of building 3
Income tax expense 24 221
Net income $ 46

Additional information from the accounting records:

A building that originally cost $68,000, and which was three-fourths depreciated, was sold for $14,000.
The common stock of Byrd Corporation was purchased for $12,000 as a long-term investment.
Property was acquired by issuing a 15%, seven-year, $46,000 note payable to the seller.
New equipment was purchased for $22,000 cash.
On January 1, 2018, bonds were sold at their $32,000 face value.
On January 19, Dux issued a 4% stock dividend (1,000 shares). The market price of the $10 par value common stock was $11 per share at that time.
Cash dividends of $33,000 were paid to shareholders.
On November 30,000 shares of common stock were repurchased as treasury stock at a cost of $15,000.

Required:
Prepare the statement of cash flows for Dux Company using the indirect method. (Do not round intermediate calculations. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands. (i.e., 10,000 should be entered as 10).))