Upon completion of your nursing degree, you decided to try the country life, and moved to a rural town in West Virginia, working for a small family practice. Around mid-September, a man in his late 40’s comes in to your office. He has been suffering from an intermittent headache with a fever of 102-103°F for the past two weeks. The physician arrives while you are completing his vitals (nothing abnormal was noted). The physician takes the man’s history, and performs a physical exam. The only clinical findings were a wound in late stages of healing on his left thumb and swelling of the axillary lymph nodes that were tender. When asked about the cut, the man replied that he cut himself skinning a rabbit some three weeks ago. Based on these findings, the physician orders blood to be drawn now and again in 4 weeks, prescribes a ten day regiment of streptomycin and orders the patient to come back if his symptoms don’t get better after 1 week.

1) Based on the limited information above, the physician has made a diagnosis. What is it? What does it look like when gram stained?

2) What is the most likely reservoir of the causative agent in this case?

3) Why did the physician order blood to be drawn twice?

4) As part of the staff at the practice, there is a part time clinical microbiologist. Should they attempt to culture the microbe to confirm the diagnosis? Explain.

5) Infections like this one are zoonotic. Define zoonotic and list two additional zoonotic infections and their causative agents.

Christine is in the process of launching a restaurant. Christine has never owned her own restaurant before, but she has worked for two of the best restaurants in town. Starting out as a waiter, Christine developed a special knack for the business and quickly worked her way up to the job of manager. Her 18 years of experience have given her a solid foundation for running her own restaurant.

Christine prepared a business plan for her business. She asked two other consultants and an accountant to review the plan and incorporated their suggestions into the plan. When Christine took her plan to her bank however, the bank turned down her loan request of $165,000 citing the venture as "too risky, given the failure rate of restaurants." The bank acknowledged her experience as "a major asset," but said that it "could not expose itself to such risks in its portfolio." Christine heard the same story from three other banks.

However Christine is confident in her ability to manage her own restaurant successfully, and she is determined to get the financing she needs to launch it.

1. What might Christine do to convince a bank to lend her the money she needs to launch her company?                                                                                                                                                            

2. What other three sources of capital would you suggest that Christine explore?

3. Advice Christine on two other business opportunities that may be open to her and how she can go about it. Explain using relevant illustrations why they are the best ways to turn.

Question 2: A study was undertaken to compare the waste-generating behaviour of residents in four remote, isolated communities: Pétaouchnok, Malakazoo, Erehwon, and Naschmere. 20 households were randomly selected from each of these communities, and the average daily garbage output measured over a specified period of time. The data obtained is shown in the table below (values in kg/day of waste per capita): Pétaouchnok Malakazoo Erehwon Naschmere 2.3 4.5 1.1 1.7 3.3 3.0 4.1 1.1 3.3 2.3 2.0 0.0 4.4 1.8 3.9 3.1 2.6 3.3 2.1 3.9 3.3 5.2 2.7 3.4 5.3 3.7 5.0 3.3 0.0 3.1 2.6 2.9 3.7 2.2 4.3 3.1 2.5 5.0 5.4 3.1 1.9 5.0 2.7 1.3 2.9 1.8 0.7 1.7 1.0 3.0 2.8 1.8 4.4 4.6 2.8 1.9 3.6 4.0 3.1 2.1 3.7 1.7 4.1 3.2 3.4 3.1 3.7 2.6 4.0 3.2 4.8 1.9 2.5 2.5 3.0 2.7 3.7 1.7 3.7 2.9 a) Calculate the grand mean, as well as the sample mean and variance for each town, for average per capita waste in kg/day. b) At LOC = 95%, what would you conclude about whether or not there is any difference in garbage generation rates across these four towns? Use the critical-value method. c) Using the p-value method, determine if your conclusion from Part (a) would be different for any common values of LOC.

Maria is a Paralegal at Dewey, Cheatham & Howe, a law firm in Arizona. Information about her 2018 income and expenses is as follows:

Income received

Salary                                                                                      $150,000

Taxes withheld from Salary:

Federal Income tax                 $30,000

State Income Tax                         9,000

Social Security Tax                      7,961

Medicare Tax 2,175

Interest income from bank                                                            6,000

Dividend income from U.S. Stocks                                                4,000

Short-Term Capital Gain 2,000

Long-Term Capital Gain 3,000

State income tax refund from last year 500

Expenses Paid:

Unreimbursed dental and eye-care costs 1,800

Property taxes on her home                                                          3,900

Fees paid to town for garbage pickup 400

Stock donated to American Red Cross; FMV $5,000;

Purchased in 2014 for $2,500

Home mortgage interest 10,000

Interest on car loan 300

In addition, she operates a small pottery activity to try to make some money. This year she reported the following income and expenses from this activity:

Revenue from sale of pottery $ 9,000

Depreciation on potter's wheel (3,000)

Property taxes on shed where she does pottery (1,200)

Supplies used such as clay, etc. (6,500)

COMPUTE Maria's TAXABLE INCOME for 2018. Show all supporting computations.

Maria is single, and she elects to itemize her deductions each year. Also assume that her tax profile was similar in the preceding year.

Use U.S. tax laws from 2018.

Roberta Sacks has been negotiating with Mrs. Samantha Muldoon, the owner of a 7 acre parcel of undeveloped property located on the outskirts of town. Ms. Sacks hopes to create a small equine center, one that can be used for riding lessons, horse boarding, and summer camps.

After several weeks of negotiation, Ms. Sacks and Mrs. Muldoon finally agree on the terms of the purchase and sale of the property, the total cost of which will be $895,000.00. Although the parties have agreed in principle, the written contract, however, is still in the process of being drafted by Mrs. Muldoon's attorney. And, although the parties have not yet signed any written documents, upon reaching an agreement in principle, Ms. Sacks pays, and Mrs. Muldoon accepts, $250,000.00 to bind the deal.

The following week, also, before receiving any contract documentation, Ms. Sacks hires a contractor who enters upon the land and begins to clear trees from the area that will ultimately house the indoor riding arena. This work continues for two weeks, until one day, Mrs. Muldoon visits Ms. Sacks at home, hands Ms. Sacks the $250,000.00 check, and claims the sale is off.  

Explain what the Statute of Frauds is as it relates to written contracts and under what circumstances the Statute of Frauds applies generally.

Against the backdrop of your explanation, does Mrs. Muldoon have the legal right to walk away from the agreement with Ms. Sacks and keep the land that she promised to sell. Why or why not?

4.1 For each of the following activities, identify the transaction cycle in which each activity falls under and give a reason for the selected cycle.

1. Purchase of plant and machinery by cheque
2. Settlement of electricity bill
3. Cost of palm oil used in preparing soap at Unilever
4. Issue of shares for cash
5. Receipt of goods worth GHS500,000 from Papa Tony enterprise
6. Michael delivered goods to his customers before payment was made
7. Sold goods on credit to Apambila and Sons
8. Papa Tony paid the salaries of his factory workers for the month of September

4.2 Papistic Enterprise is a trading concern located at James Town. The following are transactions which have occurred within the business;

1. Purchase of goods from Kobina for GH¢5000 and Mikel for GH¢1200 all on credit

2. Return of goods worth GH¢400 to Mikel

3. Sale of goods on credit to Esi Mansa for GH¢3000

4. Payment of electricity bills amounting to GH¢ 400 by cheque

5. Cash sales GH¢300

6. Payment of cash to Kobina and Mikel

7. Return of goods worth GH¢600 from Esi Mansa

8. Cash deposited into bank

9. Payment of salaries worth GH¢10000 to workers for the month of September

10. Disposal of equipment for cash (GH¢50000)

Required:

For each transaction above,

1. Identify the two accounts involved
2. State the effect on the accounting equation
3. State the account to be debited and the account to be credited

Roberta Sacks has been negotiating with Mrs. Samantha Muldoon, the owner of a 7 acre parcel of undeveloped property located on the outskirts of town. Ms. Sacks hopes to create a small equine center, one that can be used for riding lessons, horse boarding, and summer camps.

After several weeks of negotiation, Ms. Sacks and Mrs. Muldoon finally agree on the terms of the purchase and sale of the property, the total cost of which will be $895,000.00. Although the parties have agreed in principle, the written contract, however, is still in the process of being drafted by Mrs. Muldoon's attorney. And, although the parties have not yet signed any written documents, upon reaching an agreement in principle, Ms. Sacks pays, and Mrs. Muldoon accepts, $250,000.00 to bind the deal.

The following week, also, before receiving any contract documentation, Ms. Sacks hires a contractor who enters upon the land and begins to clear trees from the area that will ultimately house the indoor riding arena. This work continues for two weeks, until one day, Mrs. Muldoon visits Ms. Sacks at home, hands Ms. Sacks the $250,000.00 check, and claims the sale is off.  

Explain what the Statute of Frauds is as it relates to written contracts and under what circumstances the Statute of Frauds applies generally.

Against the backdrop of your explanation, does Mrs. Muldoon have the legal right to walk away from the agreement with Ms. Sacks and keep the land that she promised to sell. Why or why not?

Julie Brown is in her late 20s. She is renting an apartment in the fashionable part of town for $1,200 a month. After much thought, she’s seriously considering buying a condominium for $175,000. She intends to put 20 percent down and expects that closing costs will amount to another $5,000; a commercial bank has agreed to lend her money at the fixed rate of 6 percent on a 15-year mortgage. Julie would have to pay an annual condominium owner’s insurance premium of $600 and property taxes of $1,200 a year (she’s now paying renter’s insurance of $550 per year). In addition, she estimates that annual maintenance expenses will be about 0.5 percent of the price of the condo (which includes a $30 monthly fee to the property owners’ association). Julie’s income puts her in the 25 percent tax bracket (she itemizes her deductions on her tax returns), and she earns an after-tax rate of return on her investments of around 4 percent.

1. Working with a friend who is a realtor, Julie has learned that condos like the one that she’s thinking of buying are appreciating in value at the rate of 3.5 percent a year and are expected to continue doing so. Would such information affect the rent-or-buy decision made in Question 1? Explain.
2. Discuss any other factors that should be considered when making a rent-or-buy decision.
3. Which alternative would you recommend for Julie in light of your analysis?

1. Indicate if the following is loss prevention, loss reduction, separation or avoidance:

1. You installed a fire sprinkler system in your warehouse.

2. You put one set of keys in your pocket and another set in your glove compartment.

3. You do not want to get into a car accident so you never get into a car.

4. You lock your car every night.

5. Two business executives take different flights to the same meeting.

____________________________________________________________________________________________

2. Indicate if the statements below are examples of a property risk, a liability risk, and a personal risk or a commercial risk. Each answer should have two responses.

A family home has burned down. EXAMPLE ANSWER: Property & Personal

1. An employee sues a business for wrongful termination

2. A women’s jewelry was stolen from her jewelry box

3. A warehouse is hit by a hurricane and destroyed

4. A warehouse is hit by a hurricane but is okay, the warehouse stored equipment for a business down the street and all the equipment is ruined. There was a contract that the warehouse owner would keep the equipment safe.

5. A doctor botches a routine surgery and the patient dies

_____________________________________________________________________________________________

3. State if the following is an example of legal liability, answers should be yes or no:

1. A warehouse is hit by a hurricane but is okay, the warehouse stored equipment for a business down the street and all the equipment is ruined. There was a contract that the warehouse owner would keep the equipment safe.

2. A tenant moves into an apartment and signs a lease

3. A neighbor helps his neighbor pick up trash in the street

4. A person borrows a moped to drive around town and doesn’t return it

5. A contractor signs a contract to replace a roof on a municipal building