Compared virus sequences with human and avian. they are over 95%similiar.

Based on your results (which of course are limited—it would be necessary to do many more comparisons in reality), do you think there is evidence that human adaptation is occurring in H5N1 viruses that might merit concern about human-to-human transmission in the near future?

An Indonesian foreign firm agreed to sell and deliver goods to a Malaysian company that paid a considerable sum of money in advance. However, the contract was frustrated because of the 5.0 magnitude of an earthquake near Bima in West Nusa Tenggara. The Malaysian company claimed the right to recover the deposit they paid prior to the frustrating event. Advise the Malaysian company.

Part A:

Rainbow City had the following transactions during the year.

Required: Prepare the necessary journal entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following Rainbow City transactions.

1. The city received a donation of land that is to be used by Parks and Recreation to develop a public park. At the time of the donation, the land had an acquisition value of $4,800,000 and was recorded on the donor’s books at a historical cost of $3,800,000.
2. The Public Works Department sold machinery with a historical cost of $35,100 and accumulated depreciation of $28,700 for $5,000. The machinery had originally been purchased with special revenue funds.
3. A car was leased for the mayor’s use. The first payment was $800, and the present value of the remaining lease payments was $24,000. (Note: the initial cash payment was made by the General Fund.)
4. During the current year, a Capital Projects Fund completed a new public safety building that was started in the prior year. The total cost of the project was $9,720,000. Financing for the project came from a $9,000,000 bond issue that was sold in the prior year and from a $720,000 federal capital grant received in the current year. Current expenditures for the project totaled $1,176,000. The full cost is attributed to the building because it was constructed on city-owned property.
5. The city records a half year of straight-line depreciation on capital assets placed in service during the year. The building in Item 4 has an estimated 30-year life with no salvage value.
6. Due to technological developments, the city determined that the service capacity of some of the technology equipment used by general government has been impaired. The calculated impairment loss due to technology obsolescence was $1,210,000.

Part B:

In the current year, the building occupied by Surf Beach City’s Culture and Recreation Department suffered severe structural damage as a result of a hurricane. It had been 48 years since a hurricane had hit the Rainbow City area, although hurricanes in Rainbow City’s geographic area are not uncommon. The building had been purchased 10 years earlier at a cost of $2,000,000 and had accumulated depreciation of $500,000 as of the date of the hurricane. Based on a restoration cost analysis, city engineers estimate the impairment loss at $230,000; however, the city expects during the next fiscal year to receive insurance recoveries of $120,000 for the damage.

Requirements:

1. Should the estimated impairment loss be reported as an extraordinary item? Explain.
2. Record the estimated impairment loss in the journal for governmental activities at the government-wide level.
3. How should the insurance recovery be reported in the following fiscal year? (You do not need to provide journal entries.)
   • Submit your responses to Part A in Excel format. The answers to Part B can be included on the spreadsheet or be submitted in a Word document.
   • Show calculations for all questions.
   • Support writing portion of the assignment, with credible sources.
   • Use terms, evidence, and concepts from class readings, including professional business language.
   • Review the week’s CT Assignment grading rubric for more information on expectations and how you will be graded.

Noteworthy, Inc., produces and sells small electronic keyboards. Assume that you have the following information about Noteworthy’s costs for the most recent month.

° Depreciation on factory equipment $880

°Depreciation on CEO's company car $170

°Speakers used in keyboard $1200

°Production supervisor's salary $2360

°Glue and screws used in the keyboards $260

°Wages of persons who install the speakers $2860

°Cost to run an ad on local radio stations $640

°Utlilities for the factory $1200

°Personnel manager's salary $2700

°Wages of person who attaches legs to keyboards $2050

Calculate the following

1. Total Production Cost

2. Prime Cost

3. Manufacturing Overhead

4. Direct Labor Cost

5. Conversion Cost

6. Total Variable Cost

7. Total Fixed Cost

Question 1. We assume that a firm is in a perfectly competitive industry. The relations between the firm’s total cost (T C), marginal cost (MC) and quantity produced

(Q) are given by:

T C=$1,000,000+$20Q+$0.0001Q2

MC= ∂T C ∂Q =$20+$0.0002Q

Total cost includes a normal profit.

(1). What are the levels of optimal output and profit if price is equal to $60 each? (5 points)

(2). If the total fixed cost is $1,000,000, check that the firm’s marginal cost is greater than average variable cost at every point along the firm’s marginal cost curve. (5 points)

(3). If the firm is typical in the industry, calculate the firm’s long-run equilibrium output, price, and economic profit levels. (10 points

LaBBC Company has provided the following information from their records:

                                                                         Purchases                                         Sales               

                                                                 Units             Unit Cost              Units     Selling Price/Unit

Mar       1         Beginning inventory          100                  $50

             3         Purchase                             60                  $60

             4         Sales                                                                                   70                   $100

           10         Purchase                           200                  $70

           16         Sales                                                                                   80                   $110

           19         Sales                                                                                   80                   $110

           25         Sales                                                                                   50                   $110

           30         Purchase                             40                  $75

Using the inventory and sales data above, to complete the below inventory schedule under average cost method and prepare the journal entries to record the sales on March 4. All sales are made on credit.

1. In the long-run a perfectly competitive firm should exit from the market.

a. True b. False

2. A perfectly competitive firm is earning an economic profit when

a.P>ATC

b.P =ATC

c.MR= MC

d. MR>MC

3.A firm operating in a perfect market maximizes its profit by adjusting

a. its output price until it exceeds average total cost as much as possible.

b. its output price until it exceeds marginal cost as much as possible.

c. its output until its marginal cost equals output price.

d. its output until its average total cost is minimized.

4. Total product is maximum when the marginal product becomes zero

a. True

b. False

5. If you know that with 8 units of output, average fixed cost is Taka12.50 and average variable cost is Taka 81.25, then total cost at this output level is:

a.Taka 93.75

b.Taka 97.78

c.Taka 750

d.Taka 880