For each case below, graphically represent entities and relationships between entities. Include primary keys, foreign keys where appropriate. For each entity add a couple of attributes (fields) and then provide a brief statement explaining why each entity (table) is in 3NF.

An online retailer of coffee beans maintains a long list of unique coffee flavors. The company purchases beans from a number of suppliers; however, each specific flavor of coffee is purchased from only a single supplier. Many of the customers are repeat purchasers and typically order at least five flavors of beans in each order.

Kalokoni is a VAT registered trader. During the year to December 31, 2019, he bought
from a wholesaler grocery worth K9, 510 VAT exclusive. The wholesaler charges sales
tax at the prescribed rate of 16.5%. Kalokoni charged its customers on sale of the
groceries a price of K11, 200 VAT exclusive. Kalokoni also charged its customers VAT
on sales at 16.5%.
Required:

(i) Compute the VAT inclusive price that Kalokoni charged its customers on the
groceries.

(ii) Prepare the journal entries to record the sale of groceries in Kalokoni a’s general
ledger.

(iii) Calculate the input tax and output tax on Kalokoni’s purchase and sale of the
groceries.

(iv) How much VAT does Kalokoni pay to the government on the groceries
transactions above (1 mark)

(b) Kabisa commenced trading on 1 December 2018 as a distributor of the Straight Cut
garden lawn mower, a relatively new product which is now becoming increasingly
popular. Kabisa's purchases and sales of the Straight Cut garden lawn mower during the
three months ended 30 November 2019 are as follows:

Bought
January 1200 at K160 each
April 800 at K180 each.
October 1500 at K190 each

Sold.
June 1250 at k220 Each
November 2100 at k250 each.

Required:
From the following figures calculate the closing inventory-in-trade that would be shown
using;
(i) FIFO,
(ii) AVCO method on a perpetual inventory basis;
(iii) AVCO method on a simple inventory basis

Explain how you, as the Branch Manager of your bank will respond to the following issues/happening in your branch.
(a) You received a medical report on the mental incapacity of one of your cherished customers. Two days later his son came to see you to allow him to withdraw some money to settle the medical bills of his father.
(b) You received a letter from a court appointing one of the sons of your cherished customers who is mentally incapacitated as the receiver of his father’s account. Three days later, a letter including the obituary of the insane customer was brought to you. Today, a cheque was presented bearing the signature of the receiver.
(c) Mr. Mensah, one of your cherished customers came to your bank to open an account for his son who is
currently abroad.
(d) Mr Abasah suspected his daughter of going out with an alleged fraudster. He claims his daughter has been receiving financial support from her “fraudster boyfriend” which he usually channels through her account with your bank. In order to establish the validity of his claims he came to your bank and requested for a bank statement of his daughter’s account.
(e) Mr Nimako sent a stop order notice to his bankers on a cheque he drew for a customer after he noticed the goods were defected. Your bank received the letter at 9.45am today. At 11.05am the cheque in question was presented for payment.

NB: Support every answer with a case

Spicewood Stables Inc. was established in Austin, Texas, on April 1, 2019. The company provides stables, care for animals and grounds for riding and showing horses. The following transactions are provided for your review:

1. Received contributions from five investors of $50,000 in cash ($10,000 each), building (valued at $100,000), land (valued at $60,000) and supplies (valued at $2,000). Issued stock (without paid-in capital).
2. Built a small barn for $42,000. The company paid half the amount in cash on April 1, 2019 and signed a three-year note payable for the balance.
3. Provided $15,260 in animal care services for customers, all on credit.
4. Rented stables to customers for April, received cash of $13,200.
5. Received from a customer $1,500 in cash to board her horse in May, June and July.
6. Purchased supplies on account for $3,210 to be used in the summer.
7. Paid $840 in cash for water utilities incurred in the month.
8. Paid $1,700 in accounts payable for previous purchases.
1. Received $1,000 in cash from customers on accounts receivable.
10. Paid $4,000 in cash for wages to employees who worked during the month.
11. At the end of the month, purchased a two-year insurance policy for $3,600 cash.
50. Received an electric utility bill for $1,200 for usage in April; the bill will be paid next month.
1000. Declared and paid $100 cash dividend to each of the five investors at the end of the month.

• Record in the T-accounts the effects of each transaction for Spicewood Stables in April 2019, referring each transaction in the accounts with the transaction letter. Compute and show the unadjusted ending balances in the T-accounts.

Swift Inc Company, all information about 2019, prepare a balance sheet for Swift Inc. as of December 31, 2019.

• Retained earnings at December 31, 2018is $234,000
• Sales (all credit sales) are $2.5 million
• Days to sell inventory is 20
• Cash on hand is 1% of sales
• All sales are paid 30 days after purchase
• Noncurrent assets are $1 million
• Long-term debt to equity ratio is 1
• All liabilities, other than long-term debt, are short-term liabilities
• 20,000 shares outstanding issued at $10 in 2004
• No dividends are paid
• Gross margin is 40%
• Net profit margin is 8%
• Assume there are 360 days in the year

The extinction coefficients of the four natural nucleoside-5’monophosphates pdA, pdG, pdC and pdT at 260 nm are 1.506*10⁴ , 1.218*10⁴ , 7.10*10³ , and 8.56*10³ L/mol/cm, respectively (Cavaluzzi, M.J., Nucleic Acids Res., 2004, 32, e13). Please determine:

a) The extinction coefficient of a single-stranded, 5’-phosphorylated Dickerson Dodecamer sequence d(pCGCGAATTCGCG).

Answer: ε260 = 1.244*10^5. HOw they got that?

b) Please calculate absorbance and percent transmittance of a 10 micromolar (μM) solution of the single-stranded Dickerson Dodecamer, as described in (a), at 260 nm when a cell with the path length of 1.0 cm was used.

What is A? %T?

I don't know the answer for that.

As of 12/31/03, an insurance company has a known obligation to pay $1,000,000 on

12/31/2007. To fund this liability, the company immediately purchases 4-year 5% annual

coupon bonds totaling $822,703 of par value. The company anticipates reinvestment interest

rates to remain constant at 5% through 12/31/07. The maturity value of the bond equals

the par value. Under the following reinvestment interest rate movement scenarios effective

1/1/2004, what best describes the insurance companys profit or (loss) as of 12/31/2007 after

the liability is paid?

(a) Interest rates drop by 1/2%

(b) Interest rates increase by 1/2%

All other things being equal, the tax benefits of a tax credit outweigh the tax savings produced by a tax deduction because:

1) It reduces a taxpayer's tax liability

2) It reduces a taxpayer's taxable income

3) It reduces a taxpayer's capital gains

4) None of these

In 2019, what is the earned income credit allowed Don Andersen, a head of household taxpayer, assuming he has adjusted gross income of $9,500 (consisting of interest income of $3,500 and earned income of $6,000? He maintains his household with his daughter.

1) $2004

2) $2049

3) $2094

4) $0

5) None of the above answers are within $20 (plus or minus) of the correct answer.

Graphically illustrate the impact of the following events on real GDP per capita in a balanced- growth-path equilibrium. Keep in mind that the Solow model graph provides qualitative predictions for variables such as real GDP per effective worker (y), and that real GDP per capita is given by Y/L = A × y.

1. a) For the first time in modern history, the birthrate in Japan falls below the mortality rate. (5 points)

2. b) A megathrust earthquake, much like the 2004 Indian Ocean earthquake, along the Cas- cadia subduction zone destroys all buildings and infrastructure in Washington, Oregon, and northern California. Due to a newly developed earthquake early warning system, the loss of life is minimal.1 (5 points)