Your company gives everyone who applies to your company a proficiency test. Your boss likes to hire people who fall in the "average" range. They feel that people who score exceptionally high on the test are more likely to leave for a better job, and people who score very low are not productive enough. The average score on the proficiency test is 750 with a variance of 400. Your boss tell you to exclude the top 14% and the bottom 27%of applicants. What range of scores would get an interview?

What is the larger Z? What is the smaller Z? What is μ?   What is σ ? What is the larger X? What is the small X?   What is your conclusion?   

Identify someone who is currently involved in the drug development process. This person could be any of the following:

A physician, nurse, or study coordinator who is doing or has done clinical research

An employee of an IRB, Pharmaceutical Company, Biotechnology Company, or CRO

Employee of the FDA

Request to set up a meeting (in person or via teleconference) to discuss their job/experience as it relates to the drug development process.

n two pages summarize your interview, include information such as the persons background prior to working in clinical trials, therapeutic areas they have worked in and the challenges of that area, their role in the research (i.e. project manager, CRA, etc.), what type of ethical issues arose while conducting their research

Develop a detailed selection plan for this position. In this case, you should determine what you want to measure by analyzing KSAOs from the job description and the information on organizational culture in the case, and fitting the selection measures into the plan format as shown in exhibit 8.2 in the book. The current selection methods are the experience check, education check, Marshfiled Applicant Exam, and the Retail Knowledge Test. Do not include the current interview as part of the selection plan.

Limpah Kurnia Sdn Bhd (LKSB) is an engineering company that started a new business with an opening cash balance of RM85,000. This new business will focus on sales component parts to all potential customers located in Sungkai, Perak. The following are the budgeted data of LKSB for the year 2020.

1.   In January 2020, to start a business the company has rented a double storey building for its operation at RM5,000 per month with RM20,000 rental deposit. Rental deposit is paid in January and monthly rental will be paid in the month it is incurred.

2.   In February, the company is planning to purchase a machine at a cost of RM55,000 which has an estimated useful life of 10 years. Depreciation charge per annum will be RM5,500. Only half of the machine cost will be paid in the month of purchase, while the balance will be paid equally over the next two months.

3.   Four (4) administration staff will be employed and each staff will be paid RM1,200 per month. Payment will be in the month in which they are incurred.

4.   Purchases of materials will be made on credit. 50% of the credit purchases will be paid in the month of purchase and another 50% one month after the purchases. Estimated purchases are as follows.
           January   RM23,000
           February   RM28,000
           March       RM25,000
           April       RM22,000

5.   A motor van costing RM49,800 will be purchased in January. Payment of the motor van will be in six equal payments starting February 2020.

6.   Estimated sales for component parts in units are:
           January    5,000
February    4,500
March        5,300
April       4,800
  
7.   The selling price for the component parts is RM20. 60% of the sales are expected to be in cash whilst the other 40% is on credit. The credit sales will be collected one (1) month after sales.
8.   Allowance for manager is RM1,000 per month and paid in the month incurred.
9.   Monthly utilities RM850 is to be paid one month in arrears.
10.   The company received 5% dividend from unit trust investment of RM500,000 in February.

Required:
a)   Prepare schedule of collection and payments for the month of January, February and March 2020.

b)   Prepare a cash budget for the month of January, February and March 2020.

(Total: 25 Marks)

Brick Ltd is a building construction company. On 1July 2017, Brick Ltd signed a contract with Pear Ltd to build a factory. The contract price was $ 12,000,000. The relevant information is as follows:

Pear Ltd will be in control of the asset throughout the construction process. The contract is completed on 30 June 2020. Brick Ltd has a financial year ending 30 June. Assume that the actual costs and cash collections are in line with expectations and the stage of completion can be reliably estimated.

Required:

1. Calculate the total profit that will be recognised in the books of Brick Ltd for the year ended 30 June 2018, 2019 and 2020.                                                                                                                   
   

The profit that you have calculated in Part (a) above, is it based on input method or output method? Justify your answer based on AASB 15 “Revenue from Contracts with Customer

Course:Business Law

Frontier Entertainment Pty Ltd is a company that trades under the name “Concert Connections” (CC). In January of 2019, CC negotiated and arranged for an international acts to tour Australia in 2021.

On 15 September 2020, Tammy purchased from CC two tickets to the Ed Shearer concert in Brisbane on 07 January 2021. The reality is that as at 15 September 2020, due to the current COVID – 19 pandemic, it was highly unlikely that the Ed Shearer concert would proceed.

Jane purchased 3 tickets to the same concert as Tammy however unlike Tammy, Jane purchased her tickets in January of 2020, at a time when there was every

expectation that the Ed Shearer concert would proceed as expected as at that time, the future impact of the pandemic had not been fully realised.

Has CC acted in breach of the ACL by selling Tammy and/or Jane tickets to the Ed Shearer concert?
Explain your answer

MURPHY WAREHOUSE COMPANY: Sustainable Logistics Richard Murphy Jr., the CEO of Murphy Warehouse Company, has spent a great deal of time analyzing sustainable ways to conserve resources, reduce costs, improve the well-being of his employees, and promote his company as an environmentally responsible logistics provider. Murphy also realizes that the benefits of sustainable projects must be weighed against the costs and payback periods of these investments. . • Richard Murphy Jr. is the CEO of Murphy Warehouse Company, a family-run company that began over 100 years ago. • He has responsibility to maintain the financial viability of the company that is now in its fourth generation of family ownership. • One of his biggest challenges is to understand how the company should adapt to a changing business environment while conserving the company’s financial resources and protecting the core business model that has sustained it for so long. • One major force in the current business environment is the sustainability movement, which focuses on the responsible use of natural resources. • Richard Murphy, you are trying to find the opportunities to adopt sustainable practices that also make financial sense to Murphy Warehouse Company. • He has successfully implemented several sustainable projects in his company • He is now faced with deciding to invest over a half million dollars in a stormwater project that presents an unusually long payback period. It is a complicated decision that involves high expense, multiple tangible and intangible variables, and a fair amount of risk that something might go wrong. What do you do? • One of Murphy’s biggest challenges is to understand how the company should adapt to a changing business environment, while conserving the company’s financial resources and protecting the core business model that has sustained it for so long. • A major force in the current business environment is sustainable (green) practices, which focuses on the responsible use of natural resources. • The case depicts Richard Murphy trying to find new opportunities to adopt sustainable practices that also make financial sense to MWC. One of the main goals of the case is to move away from the mindset that green practices are primarily for businesses who are willing to sacrifice sound financial decision making models to pursue ethical and moral imperatives to “do the right thing” for society and the environment. The case strives to show how sustainable practices can be part of running a business that can tout its environmental achievements while maximizing long-term profits. The case provides financial details on the conversion of lawn to prairie so you need to calculate a payback period that shows this project made financial sense 2 The lawn to prairie conversion also introduces several intangible and less quantifiable important benefits, including the reduction in the urban heat island effect, the attractive natural buffers between MWC and adjacent properties, and the attraction of wildlife to the area. Murphy has also gained a great deal of positive publicity for his prairie conversion project by sharing his experience at professional society meetings, local universities, and print media publications. Other projects at MWC that are described in the case provide further evidence that sustainable investments and profitability can go hand in hand. • The purchase of dock blankets • Upgrade in the lighting systems • Painting the ceilings white These are examples where green initiatives and disciplined financial decision making can be complementary. The decision point of the case-when Murphy is evaluating the feasibility of the stormwater project You need to evaluate the pros and cons of the stormwater project, considering both tangible and intangible factors. The payback period should be calculated, using the numbers provided in the case. Your team needs to discuss whether the significantly longer payback period can be justified (compared to traditional business practice and to previous projects at MWC). You need to show that sustainability is part of the “continuous improvement” management philosophy. You can see that the case demonstrates this by mentioning Richard Murphy’s explorations of new energy technologies in solar, wind, and geothermal. He seeks partnerships with local utilities and researches government incentive programs that enhance the financial returns for businesses that adopt green practices. Making sustainability part of on-going company culture and management practice is promoted by the USGBC, LEED, and ISO 14000 organizations, as described in the case. The case also mentions several times that sustainability practice is a necessary part of being a player in the competitive marketplace in terms of attracting clients and building positive public relations.

Can you please Recommend what steps should the CEO take?

On November 10, 2020, Singh Electronics began to buy and resell scanners for $64 each. Singh uses the perpetual system to account for inventories. The scanners are covered under a warranty that requires the company to replace any non-working scanner within 90 days. When a scanner is returned, the company simply throws it away and mails a new one from inventory to the customer. The company’s cost for a new scanner is only $44. Singh estimates warranty costs based on 20% of the number of units sold. The following transactions occurred in 2020 and 2021 (ignore GST and PST):

Required:
1. How much warranty expense should be reported for November and December 2020?

2. How much warranty expense should be reported for January 2021? (Round your intermediate calculations and final answer to the nearest whole number.)

3. What is the balance of the estimated warranty liability as of December 31, 2020?

4.What is the balance of the estimated warranty liability as of January 31, 2021?

. Prepare journal entries to record ALL transactions and year-end adjustments (ignore sales taxes). (Round intermediate calculations and final answer to the nearest whole number.)