As COVID-19 virus spread from December 2019 through May 2020 in the whole world , 3 million patients were diagnosed with the disease, and 202 thousand of these patients died. An additional 1 million individuals were found to have antibodies to COVID-19 virus but did not have any clinical symptoms. Of those infected, 959 thousand were from USA, which has a population of about 331 million people.

Using this information and the calculations described calculate the following values for this COVID-19 outbreak:

1. Incidence in USA:  new cases/  people in the population/  months

2. Prevalence in USA:  %

3. Morbidity World wide :  %

4. Mortality world wide:  %

5. Case fatality ratio world wide:  %

Extract from the ledger of Casper Limited on 30 June 2020:

R
Capital: Bruce   400 000
Capital: Lee 300 000
Current a/c: Bruce (01 July 2019) 45 000 CR
Current a/c: Lee (01 July 2019) 42 000 DR
Drawings: Bruce 95 000
Drawings: Lee 110 000

The following must be taken into account:
1. On 30 June 2020 the Profit and Loss account reflected a net profit of R940 000.

2. Partners are entitled to interest at 14% p.a. on their capital balances.
Note: Bruce decreased his capital contribution by R90 000 on 01 July 2019. This capital decrease has been recorded.
3. Partners are entitled to the following monthly salaries:
 Bruce R13 000 for the first ten months of the financial year and R15 000 for the next two months.
 Lee R10 000 per month throughout the year.

4. Partner Lee is entitled to a bonus equal to 10% of the net profit before any of the above appropriations have been taken into account.
5. The remaining profit/shortfall must be shared equally between Bruce and Lee.

REQUIRED
Prepare the Statement of Changes in Equity for the year ended 30 June 2020.

1. ead the following: “From 2020, ship-owners must clean up their act as part of sweeping plans designed to reduce the industry’s greenhouse gas emissions by at least 50 per cent by 2050 compared with 2008. In January a sulphur cap will be adopted and later carbon emissions will be tackled. While industries such as road transport, power and even aviation have made environmental progress, shipping is one of the last bastions of the old fossil-fuel world order… S&P Global Platts analysts say the rule change could cost the global economy $1tn over five years….[] Most ship-owners will switch to lower-sulphur fuel oil while others, such as Mr. Norton’s company, are installing exhaust scrubbers to strip out the sulphur from their vessels’ emissions. While some systems store the waste on board until it can be treated on land, others discharge it into the ocean.” (Pollution: the race to clean up the shipping industry, Anjli Raval, Josh Spero and Chris Campbell, London, May 30 2019)

Answer the following based on the article extract above:

1. (3pts) Which link in the market mechanism will be impacted first by what you read above (i.e. supply, demand or freight rate)? Supply will be impacted first

2. (3pts each) What will happen to the following shipping industry stakeholders as a result of the Sulphur cap implementation?
   1. Supply
   2. Demand
   3. Ports
   4. Canals (like the Suez and Panama)
   5. Regulators like IMO
   6. World Fleet
   7. Shipping investors
   8. viii.Freight Rate

on jan1 2020 we leased equipment from finning tractor.we follow ifrs.the lease term is 4years, with payment of $69000due at the begining of each year. Included in the payment is a maintenance fee of$2800.The interest rate on the lease is 9%. there is also a bargain purchase option of $60,000 at the end of the lease.the estimated economic life of the equipment is 10years.calculate the pv of the minimum lease payments.

Lynbrook Securities engaged in the following transactions during 2020:

1. Purchased $160,000 of supplies from Scan House Supplies on February 1, terms 2/15, net 30. Use the Net Method to record the purchase.

2. Paid for the purchase of merchandise (Transaction 1) on February 26.

3. On April 1 negotiated a payment extension with Capital Products for a $10,000 Accounts Payable balance by signing a 1-year, 9% note.

4. Borrowed $200,000 on a 9-month, 6% interest-bearing note on May 31.

5. Purchased $78,000 of merchandise on June 4, terms 2/15, net 30. Use the Net Method to record the purchase.

6. Paid for the purchased merchandise (Transaction 5) on June 16.

7. Received from Scan House Inc. on August 20, a $20,000 deposit against a total selling price of $120,000 for services to be performed for Scan House during the 4th quarter of the year.

8. Paid quarterly installments of Social Security and Medicare and individual income tax withholdings, as shown below, on October 15. The Social Security and Medicare were recorded as expenses during the previous quarter ending September 30. The amounts paid represent both the employee and employer shares (50% each): a. Social Security taxes withheld $185,000 b. Medicare taxes withheld 43,266 c. Federal income taxes withheld 319,000

9. On December 10, Lynbrook completed the services ordered by Scan House on August 20. Scan House’s remaining balance of $100,000 is due on January 9. Required:

1. Prepare journal entries for these transactions. 2. Prepare any adjusting journal entries required at December 31, 2020 relating to the above transactions.

The following information was taken from Egeland Ltd.’s adjusted trial balance as at July 31, 2020:

Prepare a single-step statement of income for the year ended July 31, 2020.
.

.

.

Prepare a multi-step statement of income for the year ended July 31, 2020.

.

.

.

Determine Egeland’s gross margin percentage for the year. (Round answer to 1 decimal place, e.g. 52.7%.)

.

.

.

If Egeland had 88,000 common shares outstanding throughout the year, determine the company's basic earnings per share. (Round answer to 2 decimal places, e.g. 52.75.)

Explain the significance and importance of the warehousing industry using examples from real life. Also, considering the fact that the US is moving from a manufacturing economy to a Service oriented economy, do you think the warehousing industry will become obsolete in the future? Give appropriate reasons from your answer and be very detailed in your answers.

Where exactly does CMB come from. I've seen it in documentaries as a huge sphere with Earth in the middle. But if all this radiation was ejected from the start of the universe some time after the big bang; why can we see it? Surely the radiation should be travelling away from us? Just like every galaxy is?

a) A country produces computers. If the pretrade domestic price for computers is $ 900, and the world price for computers is $ 1200, will this country export or import computers?

(b) Say the US dollar appreciates against other currencies. What will happen to US exports? To US imports?

(c) Say US interest rates increase over Japanese interest rates. Will the US dollar appreciate or depreciate against the Japanese yen?

(d) Say the US economic growth rate increases over the Canadian economic growth rate. Will the US dollar appreciate or depreciate against the Canadian dollar?