QUESTION 1

Diandra Bhd is a manufacturer and supplier of men and women apparel. It operates in one district in northern area of Kedah. The company closes its account on every 31 December.​ The company owns a factory and a piece of land on which the factory stands. The land was acquired in 2013 for RM500,000 and the factory was built in early 2014 at a cost of RM950,000.

In recent years, there has been a boom of demand for both men and women apparel which require Diandra Bhd to store enough apparel to meet the demand. Due to that, Diandra Bhd has constructed a new warehouse next to the existing factory. It is expected that the cost of the new warehouse is RM1,000,000. On 28 February 2018, the company paid RM30,000 for the architect fees. In addition, the company paid RM20,000 to city council for the building permit on 5 March 2018. The construction of warehouse began on 8 March 2018 and the following expenditures were occurred during 2018:

Date                            Expenditure (RM)

1 April                                     270,000

7 June                                      280,000

20 July                                     120,000

1 October                                100,000

30 November                            30,000

The construction of the warehouse was completed on 31 January 2019. To finance the construction of the warehouse, Diandra Bhd borrowed with Xandra Bank RM450,000 on 1 April 2018 at the interest of 8% per annum. Other loan outstanding by Diandra Bhd are 10 %, RM400,000 bond payable and notes payable of RM300,000 with an interest rate of 12% per annum.

Diandra Bhd adopted revaluation model to account for its factory and used to revalue its factory every three year. The revalued amount of factory for the year ended 2016 was RM550,000. The company also conduct an impairment test every year if there is an indication of impairment. For 2015, the factory fair value less cost to sell is RM600,000 and value in use is RM670,000. The useful life of the factory building is 10 years and Diandra Bhd uses the sum-of-the-years digits method to account for the depreciation.

As an incentive from the government, Diandra Bhd also received RM250,000 grant in 2018 to buy a new sewing machine with modern technology which can boost its apparel production. The new sewing machine cost is RM500,000 with a useful life of 8 years. Due to shortage of power supply caused by lightning in December 2018, the machine broke down and the company spent RM50,000 to repair the machine. The repair involved an installation of a new software that is expected to increase the efficiency of the machine and able to produce more quantity of apparel.

REQUIRED:

(Round your answer to the whole number)

(a)     Calculate interest to be capitalised for the construction of the warehouse during 2018 and 2019.

(b)    Prepare journal entries to record interest capitalization for 2018 and 2019.

(c)     Assume that there was no impairment loss recognised in 2014. Determine the amount of impairment loss for factory for the year ended 2015 (if any) and prepare the relevant journal entry (if any).

(d)    Prepare the journal entries to record depreciation and revaluation of factory in 2016.

(e)     Briefly explain government grants and discuss the accounting treatment for government grants in accordance with MFRS120 Accounting for Government Grants.

(f)     Based on the amount of government grant received by Diandra Bhd, explain the effect of each accounting treatment to company’s financial statement.

(g)     Explain the accounting treatment for the repair of sewing machine.

Use the following comparative Balance Sheets, Income Statement, and additional information to prepare the 2018 Statement of Cash Flows for United Brands Corporation.

Required:

Prepare an entire Statement of Cash Flows (all three sections) using the indirect method for the Operating Activities section.

Prepare the Operating Activities section using the direct method.

United Brands Corporation

Balance Sheets

December 31, 2018 and 2017

($ in millions)

2018 2017 Incr (Decr)

ASSETS

Current Assets:

Cash $41 $20 $21

Accounts receivable 32 30 2

Inventory 46 50 (4)

Prepaid insurance 3 6 (3)

Property, Plant, & Equipment:

Land 80 60 20

Equipment 81 75 6

Less: Accumulated depreciation (16) (20) (4)

Total Assets $267 $221

LIABILITIES

Current Liabilities:

Accounts payable $26 $20 $6

Salaries payable 3 1 2

Income tax payable 6 8 (2)

Notes payable, current 34 47 (13)

Long-term Liabilities:

Notes payable, long-term 20 0 20

EQUITY

Common stock, $10 par, 50 million

shares authorized, 13 million issued in 2018,

10 million issued in 2017 $130 $100 $30

Paid-in capital in excess of par-common stock 29 20 9

Retained Earnings 19 25 (6)

Total Liabilities and Equity $267 $221

United Brands Corporation

Income Statement

for the year ended December 31, 2018

($ in millions)

Sales revenue $100

Cost of goods sold (60)

Gross profit $40

Operating expenses:

Salaries expense (13)

Depreciation expense (3)

Insurance expense (7)

Income from operations $17

Other income and expenses:

Interest expense (2)

Gain on sale of land 8

Loss on sale of equipment (2)

Income before income tax $21

Income tax expense (9)

Net income $12

Additional information for 2018 transactions:

All inventory is purchased on account, and the Accounts Payable account is used exclusively for inventory purchases.

A portion of the company land was sold for $18 million in cash. This land was originally purchased in a previous year for $10 million.

Land was purchased for $30 million cash for use as a parking lot.

Equipment was sold in 2018 that had an Accumulated Depreciation balance of $7 million on the date of sale. The equipment originally cost $14 million and was sold at a loss for cash. (HINT: You must determine the amount of cash received.)

In 2018, new equipment was acquired by issuing a 12%, five-year, $20 million note payable to the seller.

During 2018, $55 million of short-term (current) notes payable were paid in cash and $42 million of cash was borrowed in the form of short-term debt (current notes payable).

The increase in the common stock account is attributed to two transactions:

Issuance of a 10% stock dividend (1 million shares) when the market price was $13 per share.

Issuance of 2 million shares for cash when the market price was $13 per share.

Cash dividends were declared and paid to shareholders. (HINT: You must determine the amount of cash dividends paid.)

a) Based on the information below, prepared a financial position of company ABC Sdn Bhd. as at 31.12.2019.

b) You are required to calculate and comments on the following:

   (i) Non-current asset

(ii) Current asset   

(iii) Current liabilities

   (iv) Non-current liabilities

(v) Equity

(vi) Working capital

A bucket contains exactly 3 marbles, one red, one blue and one green.

A person arbitrarily pulls out each marble one at a time.

Given the following:

• Event 1: The first marble removed is non-red
• Event 2: The last marble removed is non-red

Which of the following statements is NOT true?

A.The probability of both events happening is 50%.

B.The probability of either of these events happening is 33%.

C.Event 1 is independent of Event 2.

D.The probability of Event 1 occurring is the same as the probability of Event 2 occurring.

1. If a good has an externality do free markets markets maximize social welfare? Why or why not?

2. Suppose a politician proposes taxing a good. As an economist (trying to maximize social well-being), under what circumstances would you support the tax and why?

3. What is a market failure? Why is it important to study market failures?

4. Suppose a good is both non-rival and non-excludable. Do we expect the market to provide the desired amount of the good? Why or why not? If not, what can be done to reach the desired amount of the good?

Carolina issued a 15-year semi-annual non-callable bond five years ago. Bond has a $1,000 face value, coupon rate of 5% and it currently sells for $925. Carolina needs to issue 10-year semi-annual note. Note will be non-callable and is expected to get the same credit rating as outstanding bond issue. If Carolina wants to issue and sell new note at par, find approximate coupon rate that needs to be assigned to the note. (Hint: similar bonds/notes should be providing approximately same returns).

So in different solvents solvatochromatic dyes produce different colors based on the gap created by said solvent. So I know that adding electron donating groups raises the HOMO and withdrawing group lower the LUMO, I'm having trouble thinking about the effects this would have on the color. on an unsubstituted dye polar solvents produce a red color and non-polar solvents produce a blue color. My dye that had electron donating groups on it, Would the color spectrum become redder even in non polar solvents and why?

Question 1: Differentiate between quantitative and qualitative research paradigms and identify four (4) methodological approaches used in each.

Question 2: Discuss the difference between parametric and non-parametric statistics and provide four (4) examples of parametric statistical tests and the equivalent non-parametric statistical tests.

Question 3: Discuss the role of clinical terminologies, such as SnoMed CT, in the development of Healthcare informatics.

Question 4: Describe four (4) potential benefits of healthcare informatics and how these may impact on nursing care.

(All 500 words each)

A)What is the total vapor pressure in atm of a solution created by combining 4.43 moles of toluene and 5.38 moles of benzene at 350K? At 350K P_{vap, toluene} = 0.33 atm and P_{vap, benzene} = 0.95 atm

B)What is the molar mass of a non-ionizing, non-volatile solid that when 10.4 g is dissolved in water to make 100.0 mL of solution creats a solution with an osmotic pressure of 6.07 atm at 25.0^oC

C)What is the freezing point of an aqueous solution made by dissolving 0.151 mole of MgCl₂ in 100.0 g of water? K_f = 1.86 ^oC/m