You are looking to purchase a 25 year life insurance policy for $150,000. The policy will pay annually at the end of the year. The current market interest rate is 2.5%. What should the annual payment per year be?

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B.Y. is a 78 year-old woman that was brought to the ER of her local hospital when she developed symptoms of a stroke. Her neighbor had checked on her and found that she couldn’t speak or move her right arm. The neighbor knows B.Y. quite well and told the ambulance crew that B.Y. had stopped taking her Toprol XL a few weeks ago because it made her feel so tired. She’d stopped taking her daily aspirin because it upset her stomach. The Toprol XL was prescribed for atrial fibrillation and the aspirin to prevent clot formation from atrial fibrillation.

In the hospital, B.Y. was determined to have had a stroke and was admitted to the neuro floor for further treatment. She was started on subcutaneous heparin and an intravenous beta blocker. Because she was unable to swallow, a nasogastric tube was placed and she was started on 2 tablespoons of an antacid TID through the tube. All further medications were given by the parenteral route, including a BID medication to prevent ulcers and a QID pain reliever. She also had an order for an acetaminophen rectal suppository, 500 mg., if fever of >101 degrees developed. On her third hospital day, she developed an arrhythmia and her physician ordered lidocaine to be given intravenously immediately.

8. What conclusions about the ulcer prevention medications half-life could you reach, based of the dose frequency? 9. What kind of a drug classification is “beta blocker,” a therapeutic or pharmacological classification? 10. Was a topical medication contraindicated with this patient? 11. Which of her orders were “standing orders?” 12. Were there any STAT orders for this patient? Are/Is such an order(s) also single order(s)? 13. Which orders were routine orders? 14. Did she have any prn orders? If so, which ones were prn? 15. How many milliliters per dose of the antacid did she get through her nasogastric tube?

A retail corporation wants to know how often a customer returns items in a year. The company’s data analytics team analyzed customers’ shopping behavior and came up with three categories of customers. Customers in category 1 do not return items often. Customers in category 2 return some items, and customers in category 3 heavily return items. Suppose that the data analytics team modeled the number of returns in each category of customers according to a Poisson process with rates λ1 = 1 per year, λ2 = 4 per year, and λ3 = 10 per year for categories 1, 2, and 3, respectively. Category 1 customers constitute 30% of the customer base of this retail corporation, whereas Category 2 and 3 customers constitute 60% and 10% of the customer base, respectively.

(a) What is probability that the company gets 10 returned items from a customer during 2019 and 2020 (this time period includes both years 2019 and 2020)? Do NOT calculate a number. Just write an expression for this probability.

(b) Compute the mean and variance of the number of returned items for a customer during 2019 and 2020.

(c) Now consider a category 2 customer. Compute the mean and variance of the number of returned items for this customer (=a category 2 customer) during 2019 and 2020.

(d) Given that a customer returns 10 items in his or her first 2 years, what is the probability this is a category 2 customer? Do NOT calculate a number. Just write an expression for this probability.

Consider the following independent situations, all of which apply to audits of entities for the year ended 31 December 2019:

(i) In July 2019, Alpha Ltd started using a new general ledger software package. The Financial Controller is impressed with the new system, because management accounts are easily produced and allow detailed comparisons with budgets and prior-period figures across product lines and geographical areas. The conversion to the new system went smoothly. As it is a popular computer package, it required only minor modifications.

(ii) As part of a computer systems conversion in Beta Ltd, the position of Systems Administrator was created. This position is responsible for all systems maintenance, including data backups and modifications. These tasks were previously the responsibility of the Accountant.

(iii) Gamma Ltd is a large supermarket chain with outlets in all major cities in the country. In August 2019 Gamma Ltd contracted out its payroll data processing in each city to an independent computer service provider.

(iv) Delta Ltd is a long established firm which has been operating a hotel for over 10 years. During this time, it has adopted a conservative business strategy that has seen it produce adequate, though slightly unimpressive, results. A new CEO was appointed to run the firm from September 2019. He has already released his plans for renovating the hotel, despite not officially serving as CEO yet. You have also heard him discuss the implementation of a new marketing strategy to improve occupancy rates.

Required:

For each situation (i) to (iv) above.

(a) State whether Inherent Risk, Control Risk or Detection Risk have increased or decreased.

(b) Provide an explanation for your answer in (a)

Goodfood is a supermarket chain. During the current year it started building a new store. The directors are aware that in accordance with IAS23 Borrowing costs certain borrowing costs have to be capitalised.

Details relating to the construction of Goodfood’s new store:

Goodfood took out a €10 million loan with an interest rate of 7.5% per annum on 1 April 2017. The loan was specifically taken to finance the building of the new store which meets the definition of a qualifying asset in IAS23. Construction of the store started on 1 May 2017 and it was completed and ready for use on 28 February 2018.

Questions:

Goodfood’s new store meets the definition of a qualifying asset in IAS23. Which of the following describes a qualifying asset?

Group of answer choices

An asset that takes a substantial period of time to get ready for use or sale

A non-current asset that is classified as held-for-sale

An asset that is intended for use rather than sale

An asset that is ready for use or sale when purchased

Rather than take out a loan specifically for the new store Goodfood could have funded the store from existing borrowings which are:

• 10% bank loan of €50 million
• 8% bank loan of €30 million

In this case it would have applied a capitalisation rate to the expenditure on the asset. What would that rate have been?

Group of answer choices

9.25%

10%

9%

8.75%

What is the total of the finance costs which can be capitalized in respect of Goodfood’s new store?

Group of answer choices

€625,000

€750,000

€600,000

€500,000

Goodfood issued a loan on 1 April 2017. Three events or transactions must be taking place for capitalisation of borrowing costs to commence. Which one is NOT one of these?

Group of answer choices

Physical construction of the asset is nearing completion

Necessary activities are in progress to prepare the asset for use or sale

Borrowing costs are being incurred

Expenditure on the asset is being incurred

The following income statement items appeared on the adjusted trial balance of CoronaCorporation for the year ended December 31, 2019($ in 000s):

sales revenue, $22,600;

cost of goods sold, $14,650;

selling expense, $2,330;

general and administrative expense, $1,230;

dividend revenue from investments, $230;

interest expense, $330.

Income taxes have not yet been accrued. The company's income tax rate is 25% on all items of income or loss. These revenue and expense items appear in the company's income statement every year. The company's controller, however, has asked for your help in determining the appropriate treatment of the following nonrecurring transactions that also occurred during 2019($ in 000s). All transactions are material in amount.

1)Investments were sold during the year at a loss of $330. Corona also had an unrealized loss of $230 for the year on investments. The unrealized loss represents a decrease in the fair value of debt securities and is classified as part of other comprehensive income.

2)One of the company's factories was closed during the year. Restructuring costs incurred were $2,300.

3)During the year, Coronacompleted the sale of one of its operating divisions that qualify as a component of the entity according to GAAP regarding discontinued operations. The division had incurred an operating income of $830 in 2019 prior to the sale, and its assets were sold at a loss of $1,740.

4)A positive foreign currency translation adjustment for the year totaled $570.

Required. Prepare Corona's single, continuous statement of comprehensive income for 2019, including earnings per share disclosures. Use a multiple-step income statement format. Three million shares of common stock were outstanding throughout the year.

(Present your answers in thousands of dollars, except earnings per share. Amounts to be deducted should be indicated with parentheses. Round Earnings per share answers to two (2) decimal places.)

You make a 5 year investment. The investment returns in each of the 5 years are: 3%, 10%, -15%, 0%, and 25% What is the holding period return of your stock investment? What is the arithmetic mean annual return of the investment? What is geometric mean annual return of the investment?

If the order of the returns were reversed (so 25%, 0%, -15%, 10%, 3%), would the ending value of your investment be different?

• The following condensed balance sheet is for Bach Company for the current fiscal year. The current year sales total $600,000 and net income is $30,000. Bach’s dividend payout ratio is 40%.
  
• Cash $50,000 A/Payable $75,000
• A/Receivable 80,000 Accruals 10,000
• Inventories 60,000 Notes Payable 25,000
• Total Current Assets $190,000 Total Current Liabilities $110,000
• Fixed assets, net 110,000 Long-term Debt 50,000
• Common Stock 80,000
• Retained Earnings 60,000
• Total Assets $300,000 Total Liab. & Equity $300,000
• For the coming fiscal year, the company expects sales growth of 20%.
  Assuming the company is operating at full capacity and hence increase in sales results in increase in all assets, calculate the external funds need (EFN) for the coming year
  
• a. -$600
• b. $16,400
• c. $21,400
• d. $23,400
• problem above. Assume the firm has unused capacity. So only current assets change spontaneously with changes in sales. What will be the external funds needed (EFN) with this assumption?
• a. -$600
• b. $16,400
• c. $21,400
• d. $23,400

• problem above Assume Bach has unused capacity. It wants to change its dividend payout ratio such that its EFN will be zero. What should be its dividend payout ratio?
  
• a. 20%
• b. 32%
• c. 52%
• d. 42%

Same question,in parts

According to a research​ institution, the average hotel price in a certain year was ​$91.85. Assume the population standard deviation is ​$18.00 and that a random sample of 41 hotels was selected. Complete parts a through d below. a. Calculate the standard error of the mean. sigma Subscript x overbarequals​$ nothing ​(Round to two decimal places as​ needed.) b. What is the probability that the sample mean will be less than ​$93​? Upper P left parenthesis x overbar less than $ 93 right parenthesisequals nothing ​(Round to four decimal places as​ needed.) c. What is the probability that the sample mean will be more than ​$96​? Upper P left parenthesis x overbar greater than $ 96 right parenthesisequals nothing ​(Round to four decimal places as​ needed.) d. What is the probability that the sample mean will be between ​$91 and ​$92​? Upper P left parenthesis $ 91 less than or equals x overbar less than or equals $ 92 right parenthesisequals nothing ​(Round to four decimal places as​ needed.) Enter your answer in each of the answer boxes.