Please address ONE main barrier (from YOUR point of view) that US health care system may encounter when trying to improve the population health. Please offer specific example/s.

provide a brief summary of the lessons that investors should learn from the Collapse of Banco Popular. Was the restructuring successful? Do you agree that US capital adequacy requirements are more stringent than European ones?

One of the interesting aspects of chemistry that affects us on a daily basis is the area of polymer chemistry. What are some of the products we use on a daily basis that is derived from this? Please explain in at least 150 words.

1. Explain the following developmental periods. Tell us what occurs during

   1. Implantation

   2. Gastrulation

   3. Neurulation

2. Name and explain the 3 parts of labor. Be sure to include that the placenta is composed of the __________ layer from the embryo and the mother’s __________________.

1. Entity A is a Hong Kong-based limited company that participates in building material industry for many years. It sells high-quality raw materials to different local and foreign manufacturers. Entity B is one of its loyal customers for more than 30 years.

   On 1 January 2019, Entity A received advanced payment of $3,845,000 from Entity B through the Hong Kong City Bank for selling Material X. According to the contract terms, Entity A would only deliver Material X to Entity B on 31 December 2019. The regular cash-selling price of Material X was $3,845,000. The cost of sales of Material X was $2,856,000.

   On 1 January 2020, Entity A entered into another contract with Entity B. This contract stated that Entity A was required to transfer Material Y and Material Z to Entity B in exchange for $658,550. According to the contract terms, Entity A could invoice this full amount on 31 January 2020. Material Y was to be delivered on 28 February 2020 and Material Z was to be delivered on 31 March 2020. Both promises to transfer Material Y and Material Z were identified as separate performance obligations. The amount of $258,000 was allocated to Material Y and $400,550 to Material Z. The costs of sales of Material Y and Material Z were 75% and 80% of their selling prices respectively. Entity A received a crossed cheque from Entity B of Material Y and Material Z on 30 April 2020.

   The market interest rates for the year of 2019 and 2020 were 5.50% and 6.75% respectively. Entity A adopts perpetual inventory system for keeping its inventory accounting records. Entity A recognises revenue when control of each material transfers to Entity B.

   REQUIRED:

   Provide journal entries for Entity A from 1 January 2019 to 30 April 2020 in accordance with the relevant accounting standards.

   ACCOUNT NAMES FOR INPUT:

   | Plant | Machine | Motor van | Equipment | Land | Building | Inventory | Intangible assets |

   | Bank | Payable | Receivable | Other income | Other expense | Interest expense | Interest revenue |

   | Depreciation | Accum. depreciation | Impairment loss | Reversal of impairment loss | Goodwill |

   | Loss on disposal | Gain on disposal | Restoration liability | Revaluation surplus | Revaluation deficit |

   | Asset for product to be returned | Commission expense | Commission revenue | Revenue |

   | Cost of sales | Refund liability | Contract asset | Contract liability | Retained earnings | No entry |

   ANSWERS:

   Journal Entries:

   Date	Account Name	Debit ($)	Credit ($)	Hints For Sequence
   1-Jan-19	Blank 1	Blank 2
   	Blank 3		Blank 4
   31-Dec-19	Blank 5	Blank 6
   	Blank 7	Blank 8		Judge Dr/Cr side
   	Blank 9	Blank 10		Judge Dr/Cr side
   	Blank 11	Blank 12		Judge Dr/Cr side
   	Blank 13	Blank 14		Judge Dr/Cr side
   	Blank 15	Blank 16		Judge Dr/Cr side
   1-Jan-20	Blank 17	Blank 18
   	Blank 19		Blank 20
   31-Jan-20	Blank 21	Blank 22
   	Blank 23		Blank 24
   28-Feb-20	Blank 25	Blank 26
   	Blank 27	Blank 28		Judge Dr/Cr side
   	Blank 29	Blank 30		Judge Dr/Cr side
   	Blank 31	Blank 32		Judge Dr/Cr side
   31-Mar-20	Blank 33	Blank 34
   	Blank 35	Blank 36		Judge Dr/Cr side
   	Blank 37	Blank 38		Judge Dr/Cr side
   	Blank 39	Blank 40		Judge Dr/Cr side
   30-Apr-20	Blank 41	Blank 42
   	Blank 43		Blank 44

Tax Computation Problem

John and Mary Jane Diaz are married, filing jointly. Their address is 204 Shoe Lane, Blacksburg, VA 24061. John is age 35, and Mary Jane is age 30. They are expecting their first child in early 2021. John’s salary in 2020 was $105,000, from which $20,800 of Federal income tax and $4,700 of state income tax were withheld. Mary Jane made $52,000 and had $3,000 of Federal income tax and $3,100 of state income tax withheld. The appropriate amounts of FICA tax and Medicare tax were withheld for John and for Mary Jane. John’s Social Security number is 111-11-1111, and Mary Jane’s Social Security number is 123-45-6789.

Both John and Mary Jane are covered by their employer’s medical insurance policies with 80% of the premiums being paid by their employers. The total premiums were $10,000 for John and $6,200 for Mary Jane. Mary Jane received medical benefits of $7,300 under the plan. John was not ill during 2020. Mary Jane paid noncovered medical expenses of $1,300.

John makes child support payments of $15,000 for his son, Rod, who lives with Jill, John’s former spouse, except for two months in the summer when he visits John and Mary Jane. At the time of the divorce, John worked for a Fortune 500 company and received a salary of $225,000. As a result of corporate downsizing, he lost his job.

Mary Jane’s father lived with them until his death in November. His only sources of income were salary of $2,800, unemployment compensation benefits of $3,500, and Social Security benefits of $4,100. Of this amount, he deposited $6,000 in a savings account. The remainder of his support of $9,500, which included funeral expenses of $4,500, was provided by John and Mary Jane.

Other income received by the Diazes was as follows:

John has always wanted to operate his own business. In October 2020, he incurred expenses of $15,000 in investigating the establishment of a retail computer franchise. With the birth of their child expected next year, however, he decides to forgo self-employment for at least a couple of years.

John and Mary Jane made charitable contributions of $8,700 during the year and paid an additional $1,800 in state income taxes in 2020 upon filing their 2019 state income tax return. Their deductible home mortgage interest was $8,200, and their property taxes came to $4,800. They paid sales taxes of $2,000, for which they have receipts. They paid a ticket of $150 that Mary Jane received for running a red light (detected by a red light camera).

Part 1—Tax Computation

Calculate John and Mary Jane’s tax (or refund) due for 2020.

Part 2—Tax Planning

Assume that the Diazes come to you for advice in December 2020. John has learned that he will receive a $40,000 bonus. He wants to know if he should take it in December 2020 or in January 2021. Mary Jane will quit work on December 31 to stay home with the baby. Their itemized deductions will decrease by $3,100 because Mary Jane will not have state income taxes withheld. Mary Jane will not receive the employee award in 2021. She expects the medical benefits received to be $9,000. The Diazes expect all of their other income items to remain the same in 2021. Write a letter to John and Mary Jane that contains your advice, and prepare a memo for the tax files.

In a marketing campaign to increase lagging sales of their oatmeal raisin cookies, the Quaker Oats Company announced the "Raisin" the Roof Challenge, claiming that 30-ounce packages of their oatmeal raisin cookies contained on average more than 1200 raisins. Dedicated statistics students at Princeton University (no kidding) purchased randomly selected packages of Quaker Oats oatmeal raisin cookies and counted the number of raisins in each package. Some of their data are shown below:

1219 1214 1087 1200 1419 1121 1325 1345

1244 1258 1356 1132 1191 1270 1295 1135

The shape of the distribution of the number of raisins per package is approximately mound-shaped with very little skewness and no outliers.

We will use the above data to perform a hypothesis test to evaluate the Quaker Oats Company's claim.

Question 1. The null hypothesis is H₀: μ = 1200, where μ is the mean number of raisins per 30-ounce package. Select the alternative hypothesis from the choices below Note: 2 submissions ONLY.

On January 1, 2017, Eagle borrows $27,000 cash by signing a four-year, 9% installment note. The note requires four equal payments of $8,334, consisting of accrued interest and principal on December 31 of each year from 2017 through 2020. (Table B.1, Table B.2, Table B.3, and Table B.4) (Use appropriate factor(s) from the tables provided. Round your intermediate calculations and final answers to the nearest dollar amount. Round all table values to 4 decimal places, and use the rounded table values in calculations.) Prepare the journal entries for Eagle to record the loan on January 1, 2017, and the four payments from December 31, 2017, through December 31, 2020.

Eagle borrows $27,000 cash by signing a four-year, 9% installment note. Record the issuance of the note on January 1, 2017.

Record the payment of the first installment payment of interest and principal on December 31, 2017.

Record the payment of the second installment payment of interest and principal on December 31, 2018.

Record the payment of the third installment payment of interest and principal on December 31, 2019

Record the payment of the fourth installment payment of interest and principal on December 31, 2020.

On August 27, 2015, Celgene Corporation acquired all of the outstanding stock of Receptos, Inc., in exchange for $7.6 billion in cash. Referring to Celgene’s 2015 financial statements and its July 14, 2015, press release announcing the acquisition, answer the following questions regarding the Receptos acquisition.

Why did Celgene acquire Receptos?

What accounting method was used, and for what amount, to record the acquisition?

What amount did Celgene include in pre-combination service compensation in the total consideration transferred? What support is provided for this treatment in the Accounting Standards Codification (see ASC 805-30-30, paragraphs 9-13)?

What allocations did Celgene make to the assets acquired and liabilities assumed in the acquisition? Provide a calculation showing how Celgene determined the amount allocated to goodwill.

Describe the nature of the in-process research and development product rights acquired by Celgene in its acquisition of Receptos.

How will Celgene account for the in-process research and development product rights acquired in the Receptos combination?

For the US export subsidy program: Assuming an export subsidy is paid on a per unit basis for products sold outside of the US, other things equal, we would expect that

a) expected price of product in US would: Increase, Decrease, It Depends

b) expected quantity produced in US would: Increase, Decrease, It Depends

c) expected price of product outside of US would: Increase, Decrease, It Depends

d) expected quantity sold outside of US would: Increase, Decrease, It Depends