In 2013, Slim Drug Company began to notice problems with its obesity drug. The company stopped selling the drug near the end of 2013. In the last six months of 2014, the company was sued by 1,000 people who had an allergic reaction to the company’s obesity drug. At the end of 2014, the company’s lawyers believe there is a 60% chance the company will need to make payments in the range of $1,000 to $5,000 to settle each claim. At the end of 2015 while none of the cases have been resolved, the company’s lawyers now believe there is an 80% chance the company will need to make payments in the range of $2,000 to $7,000 to settle each claim. In 2016, 400 claims were settled at a total cost of $1.2 million. Based on this experience, the company believes 30% of the remaining cases will be settled for $3,000 each, 50% will be settled for $5,000 and 20% will be settled for $10,000 each.
Required: Using AASB Standards, show what journal entries would be required in 2013, 2014, 2015 and 2016.
In: Accounting
The following graph shows the supply of a good.

For each of the regions, use the midpoint method to identify whether the supply of this good is elastic or inelastic.

True or False: For high levels of quantity supplied where firms have reached near maximum capacity, supply becomes less elastic because firms may need to invest in additional capital in order to increase production further.
True
False
In: Economics
In: Physics
What effect will each of the following have on the demand for product B? Indicate how the demand side will change for each one.
a) Product B becomes more fashionable. b) The price of substitute product C falls. c) Income declines and product B is an inferior good. d) Consumers anticipate that the price of B will be lower in the near future. e) The price of complementary product D falls.
In: Economics
Conduct an online search about the following topic:
Effect of Transmission Lines Electric Fields on Humans (depending
on voltage levels, safe distance
from power lines, risk of working or living near power
lines).
Your findings should be presented in the form of a word file
consisZng of 4 pages (including
diagrams, pictures, other graphics) with Times New Roman font, size
12.
In: Accounting
10. (a) The persistent organic pollutants (POPs) that transport via atmosphere into the Arctic have their unique chemical signature. Explain this statement by comparing their chemical properties with POPs that stay near the source region and appropriate examples. (b) Describe the significance of the global distillation model in understanding the long-distance transport of POPs to the arctic. (c) What are the long-term ecological and human ramifications of POPs contamination in the arctic.
In: Biology
In each case, find the approximate sample size required to construct a 90% confidence interval for p that has sampling error SE=0.07. a. Assume that p is near 0.4. b. Assume that you have no prior knowledge about p, but you wish to be certain that your sample is large enough to achieve the specified accuracy for the estimate.
a. The approximate sample size is _____
b. The approximate sample size is _____
In: Statistics and Probability
1. Explain how Na2CO3 of primary standard grade can be prepared from primary standard grade NaHCO3? 2. Why is it common practice to boil the solution near the equivalence point in the standardization of acid with Na2CO3? 3. Calculate the molar concentration of a dilute HCl solution if titration of 0.2694 g of primary standard Na2CO3 required 38.77 mL of the acid (products CO2 and H2O).
In: Chemistry
In addition to preparing financial statements in accordance with GAAP, U.S. companies may be required, in the near future, to prepare financial statements according to International Financial Reporting Standards (IFRS). If the United States adopted IFRS standards, what would be the advantages and disadvantages? Does it make sense for U.S. companies to change to IFRS? How would IFRS impact a comparative analysis of an organization's financial statements?
In: Accounting
We are in calm financial markets and you think they will remain as such but your client is risk averse. You are recommending a particular technology company which you think has a great near-term outlook. Your client wants to dabble in options but also wants to own the underlying stock and respects your outlook. What would you recommend they do?
2-3 paragraphs please
In: Accounting