You must answer the two problem-type questions below, using the ILAC (Issues, Law, Application, Conclusion) format, a worked example of which is in the Resources folder. Please note that the word limit of 2 000 words is a total for both questions (ie, it is not 2 000 words for each question). This is a firm limit - assignments with greater than 2 000 words will lose 1 mark for excessive length. I would however expect that students should be able to answer both questions in far less than 2 000 words. Your bibliography is not included in the word limit but in-text references are. **In this subject, assignments are marked on-line, using an adapted MS Word programme. You therefore MUST submit your assignment in Word format, NOT as a PDF document. If you submit in PDF it will not be able to be marked.

** Question 1 Road Measuring Professionals is a surveying firm based in Newcastle, NSW. Its major client is the New South Wales government, for whom it surveys roads that are under construction. Smith, Jones and Peters have been partners in the firm for some time. There is an agreement between them limiting the authority of the partners to contracts up to $ 10 000. Smith has often purchased surveying equipment on behalf of the firm from Sydney Engineering Supplies, dealing with its manager, Mary. Smith buys a surveying instrument costing $ 11 000 from Mary. It is delivered on 5 June, and the firm receives an invoice for the contracted amount. Smith has always wanted the firm to branch into road transportation, as he is also a qualified truck driver, but his partners have continually rejected such a move. Hoping to demonstrate to them the profitable nature of such work, Smith signs a contract on behalf of the firm to buy an old truck from Used Trucks Ltd for $ 8 500. The firm has received an invoice for the truck, which is due to be delivered on 6 June. Jones and Peters are angry when they see the invoices, and have told both Mary and Used Trucks Ltd that the firm will not pay them. Advise Mary and Used Tricks Ltd as to their legal position, citing relevant law.

Question 2 David Bradbury used to run a second-hand car yard as a sole trader. However, as part of a sentence for fraud imposed by a court two years ago, David was prohibited from “buying and selling new or used vehicles” for a period of five years. Breach of this order is prosecutable as contempt of court. David is however desperate to go into business again. He hears that a good opportunity exists to start a second-hand car dealership in a suburb of Sydney. He also hears that a vacant lot is available for lease. Because several other businesses are eager to lease it, he rushes to the owner of the site, Cenvest Real Estate Ltd, and signs a 1-year lease for $ 50 000 on 5 January. Occupation of the premises and payment of the $ 50 000 are due to take place on 1 February. He signs the lease “David Bradbury, as Managing Director, Sydney Auto Group Pty Ltd”. On 10 January he goes to ASIC and registers Sydney Auto Group Pty Ltd. On the ASIC documentation he is listed as sole shareholder and as Managing Director. Sydney Auto Group Pty Ltd starts trading the next day, operating from David’s back yard, buying two old Mercedes cars and selling them to vintage car collectors a few days later. All contracts are signed “David Bradbury, as Managing Director, Sydney Auto Group Pty Ltd.” On 15 January, David decides that the company needs extra capital, and so his three brothers, Christopher, Anthony and Richard each contribute $ 70 000 to the business in exchange for shares and a position on the board. When the board first meets on 17 January, Christopher is elected Managing Director. At the meeting Christopher, Anthony and Richard say that $ 50 000 is too much for the lease and decide that the company should lease a different lot for $ 30 000. They send a letter to Cenvest Real Estate Ltd stating that Sydney Auto Group Pty Ltd refuses to move its business to the vacant lot and refuse to pay the $ 50 000. David is facing prosecution for contempt of court and has been sued for breach of contract by Cenvest Real Estate Ltd. Advise him on his legal position, citing relevant legal authority.

QUESTION 23

1. Statement of Cash Flows:
   
   Scroll down to complete all parts of this task.
   
   Presented below are the balance sheet accounts of Kern, Inc. as of December 31, year 4 and year 3 and their net changes.
   

   Assets	Year 4	Year 3	Net change
   Cash	$   471,000	$   307,000	$ 164,000
   Marketable equity securities, at cost	150,000	250,000	(100,000)
   Allowance to reduce marketable equity securities to market	(10,000)	(25,000)	15,000
   Accounts receivable, net	550,000	515,000	35,000
   Inventories	810,000	890,000	(80,000)
   Investment in Word Corp., at equity	420,000	390,000	30,000
   Property, plant, and equipment	1,145,000	1,070,000	75,000
   Accumulated depreciation	(345,000)	(280,000)	(65,000)
   Patent, net	109,000	118,000	(9,000)
   Total assets	$3,300,000	$3,235,000	$   65,000
   Liabilities and Stockholders' Equity
   A/P and accrued liabilities	$   845,000	$   960,000	$(115,000)
   Note payable, long term	600,000	900,000	(300,000)
   Deferred tax liability	190,000	190,000	--
   Common stock, $10 par value	850,000	650,000	200,000
   Additional paid-in capital	230,000	170,000	60,000
   Retained earnings	585,000	365,000	220,000
   Total liabilities and
   stockholders' equity	$3,300,000	$3,235,000	$    65,000

   
   Additional Information:
   • On January 2, year 4, Kern sold equipment costing $45,000, with a carrying amount of $28,000, for $18,000 cash.
   • On March 31, year 4, Kern sold one of its marketable equity security holdings for $119,000 cash.
   • There were no other transactions involving marketable equity securities.
   • On April 15, year 4, Kern issued 20,000 shares of its common stock for cash at $13 per share.
   • On July 1, year 4, Kern purchased equipment for $120,000 cash.
   • Kern's net income for year 4 is $305,000. Kern paid a cash dividend of $85,000 on October 26, year 4.
   • Kern acquired a 20% interest in Word Corp.'s common stock during year 1. There was no goodwill attributable to the investment which is appropriately accounted for by the equity method. Word reported net income of $150,000 for the year ended December 31, year 4. No dividend was paid on Word's common stock during year 4.
   Prepare a statement of cash flows for Kern, Inc. for the year ended December 31, year 4 using the indirect method. Enter deductions/uses as a negative number. Round all amounts to the nearest whole number.
   

   Item	Amount	Amount
   Cash flows from operating activities:
   Net income	[1____]
   Adjustments to reconcile net income to net cash provided by operating activities:
   Depreciation	[2____]
   Amortization of patent	[3____]
   Loss on sale of equipment	[4____]
   Equity in income of Word Corp.	[5____]
   Gain on sale of marketable equity securities	[6____]
   Decrease in allowance to reduce marketable equity securities to market	[7____]
   Increase in accounts receivable	[8____]
   Decrease in inventories	[9____]
   Decrease in accounts payable and accrued liabilities	[10___]
   Net cash provided by operating activities		[11___]
   Cash flows from investing activities:
   Sale of marketable equity securities	[12___]
   Sale of equipment	[13___]
   Purchase of equipment	[14___]
   Net cash provided by investing activities		[15___]
   Cash flows from financing activities:
   Issuance of common stock	[16___]
   Cash dividend paid	[17___]
   Payment on note payable	[18___]
   Net cash used in financing activities		[19___]
   Net increase in cash		[20___]
   Cash at beginning of year		307,000
   Cash at end of year		[21___]

   
   Note: Please enter your responses below. Find a way to make them correspond with the number within the table and separate them with semicolons. Use the following examples for [1____], [2____], and [3____] as a reference for formulating your responses:
   
   Example A: (1)555,000; (2)90,555; (3)1,234;
   Example B: 1--555,000; 2--90,555; 3--1,234;
   Example C: 1 = 555,000; 2 = 90,555; 3 = 1,234;
   
   Be sure that your answers are clear to your Instructor with whichever method you choose.

   -- Font family --Andale MonoArialArial BlackBook AntiquaComic Sans MSCourier NewGeorgiaHelveticaImpactSymbolTahomaTerminalTimes New RomanTrebuchet MSVerdanaWebdingsWingdings -- Font size --1 (8pt)2 (10pt)3 (12pt)4 (14pt)5 (18pt)6 (24pt)7 (36pt) -- Format --HeadingSub Heading 1Sub Heading 2ParagraphFormatted Code -- Font family -- -- Font size -- Path: p Words:0

a. Please relate the "Storytelling with Data" principles on color, font, and overall visual design to financial model design. Please post thoughts on presentation and communication styles, whether text or graphics are more effective, and for which audiences this might be true.

Note: please consider:

- Which colors might be appropriate/inappropriate to use in corporate finance model building.
- How the principles translate into building models in Excel or Word for financial reporting purposes.

Please read the Visual and Statistical Thinking and explain what Edward Tufte means by these concluding words:

b. Visual representations of evidence should be governed by principles of reasoning about quantitative evidence. For information displays, design reasoning must correspond to scientific reasoning. Clear and precise seeing becomes as one with clear and precise thinking."

c. Please provide your understanding of 5 rules of data visualization

Your responses must be original and based on your own words.

The CPU within a computer system employs a split cache system in which the separate instruction and data caches are fully associative. A program runs on this system and writes to a memory mapped register that triggers an I/O device to begin writing a 32-bit value directly into memory at address 0x04CA0000 using DMA and bypassing the cache. The value first written by the device is 0x00001234 and every second thereafter the I/O device writes a new value (= old value + 1) to the same location. Assume that address 0x04CA0000 and the memory mapped device register are the only two data items referenced in memory.

After triggering the I/O device to start writing, the program enters a loop in which it reads the contents of the word at address 0x04CA0000. The loop is repeated once every 5 seconds thereafter. If the first value read within the loop is 0x00001234, what value would be read 35 seconds later?

Satisfied with the great investigative work that you did in the town of Idyllic, you head for home. On your way, you stop for a rest in a nearby town, LessThanIdyllic. It is very similar to its sister town, with a population of Simploids that make the town population nearly as happy as in Idyllic. The biggest difference is that the parasitic Shamworms are endemic to LessThanIdyllic. Like Idyllic, the Simploids in LessThanIdyllic have been getting sick and the citizens are getting worried. Word of your investigation has reached the town and so you are approached by the mayor to see if you can determine if it is the town’s use of ZapWeedz in their public parks that is the reason that their Simploids are getting sick.

1. What is an appropriate null hypothesis for the experiment you will run in LessThanIdyllic? (1)

2. What is the independent variable? (1)

3. What is the dependent variable? (1)

4. What is the experimental treatment? (1)

5. What is the control treatment? (1)

6. What are two (2) other potentially confounding variables you will need to keep constant? (1)

Question 14. The Short Run Aggregate Supply and the Phillips Curve                              

“Between 1987 and 1992, the New Zealand economy witnessed a swift drop in the inflation rate by more than 15 percentage points while the unemployment rate increased from about 4 per cent to more than 11 per cent. Subsequent years witnessed a rapid decline of the unemployment rate to its natural rate of 4 per cent with no significant changes in the inflation rate, contrary to the conventional wisdom popularised by the original Phillips curve.”

Apply the general macroeconomic model of aggregate demand (AD) and short run aggregate supply (SRAS) with the expectation-augmented Phillips curve to provide a unified theoretical explanation of those TWO observations concerning the (a) RISE and (b) DECLINE of unemployment. You may refer to hypothetical scenarios or to the actual historical context when considering the plausibility of the above explanation. (Word Limit = 300)

Environmental Health Issues

You have learned about the various environmental issues, including physical, chemical and biological agents that impact our health.

Based on your understanding of the environmental issues, create a 5- to 6-page Microsoft Word document that includes the answers to the following questions:

Examine the regulatory agencies related to your chosen environmental agent? What is the role of these agencies?

Discuss the environmental standards related to your chosen agent? How will these standards decrease the hazards in your local community?

Analyze the factors (such as physical, cognitive, behavioral, financial, and emotional) that can influence your chosen environmental issue. Describe the impact of your chosen environmental issue on a diverse population. Support using examples.

Evaluate the ways in which the environmental issue will impact the involved staff. Also, discuss how different staff will be involved to deal with the issue.

Issue: Ocean pollution or air pollution

In 2018, the Kowloon Motor Bus Co. (KMB) in Hong Kong introduced the KMB Monthly Pass, which has enjoyed great popularity. The price is HK$780.  Each Pass has a 30-day validity period, and the limit for using the pass to travel on regular KMB routes and Route B1 is ten trips per day and two trips per day respectively.  With the exception of KMB routes K12, K14, K17 and K18, the offer covers all KMB and Long Win Bus (LWB) routes, including over 400 KMB routes (jointly-operated routes operated by KMB count) and over 30 routes operated by LWB.

1. Basing on the economic concepts/theories that you have learnt in the course, with appropriate assumptions, elaborate on the consumer group that will most likely buy the pass.   (Word limit: 150)

2. Correspondingly, with explanations draw the individual demand curve of this type of consumers.   

Rocco Smith is a four (4) year old with a history if asthma. Rocco’s Father has rushed Rocco to the Emergency Department with acute shortness of breath, tachypnoea and an audible wheeze after playing soccer in the backyard with his older brothers. Rocco’s Father tells you he gave Rocco his salbutamol puffer at home but it didn’t work as well as it usually does so he rushed him to the Emergency Department.

You conduct a primary survey which reveals the following:

Airway – Patent.

Breathing – RR 48, speaking in single word sentences, increased work of breathing, accessory muscle utilisation, audible wheeze.

Circulation – HR 125, pale, cool peripheries.

Disability – Alert and responsive.

Choose one (1) abnormal assessment finding from the case study. Link this finding to the underlying pathophysiology of asthma by explaining the disruptions to normal physiology at the cellular, tissue and systemic levels that result in your selected abnormal assessment finding.