Information for Question: The ExpressEspresso Company roasts and sells high quality certified sustainable coffee beans. The final one pound bags of roasted whole coffee beans has two direct materials – coffee beans and packaging. ExpressEspresso is preparing budgets for the 4th quarter ending December 31, 2019. For each requirement below prepare budgets by month for October, November, and December, and a total budget for the quarter.

The previous year’s sales for the corresponding period were:

October 50,000 bags

November 55,000 bags

December 90,000 bags

January 75,000 bags

February 60,000 bags

The company expects the above volume of coffee sales to increase by 8% for the period October 2019 – February 2020. The budgeted selling price for 2019 is $19.50 per bag. The company expects 35% of its sales to be cash (COD) sales. The remaining 65% of sales will be made on credit.

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Question: The company desires to have finished goods inventory on hand at the end of each month equal to 10 percent of the following month's budgeted unit sales. On September 30, 2019, ExpressEspresso expects to have 5,350 bags of roasted coffee on hand.

Prepare a Production budget

Case – Disney

Washington Post

“Comcast’s $65 Billion bid set up Disney Dual,” June 14, 2018

Steven Zeitchik

“Comcast made a $65 billion bid Wednesday for 21st Century Fox in what is expected to be the first of many attempts to buy up pieces of the entertain world after AT&T’s decisive legal victory over the government to buy Tim Warner. The offer sets up a battle of wills between two of the most dominant entertainment companies in the world – Walt Disney, which offered $52.4 billion for Fox last year, and Comcast, the nation’s leading cable company, which already owns Universal Studios and NBC.”

Comcast's offer, representing a 19% premium to Disney's all-stock offer, launches a bidding war for Fox studios and networks that both companies see as integral to becoming stronger competitors in a rapidly changing media landscape. "We firmly believe that the truly great media companies of the next century will be large, integrated entities with multiple growth engines across a wide swath of the global entertainment industry," Comcast CEO Brian L. Roberts said during a conference call late Wednesday. Comcast also offered to reimburse the $1.5 billion breakup fee Fox would have to pay Disney.

You work for the CEO of Disney. The question is now to bid or not to bid. Comcast just made an offer to acquire 21st Century Fox. Should Disney increase its bid to cover Comcast's offer? Please write a report suggesting a course of action to Disney (increase bid or withdraw), justifying your choices. If your choice is "withdraw", please provide other alternatives for Disney (e.g., what else they can do with the money they would spend on Fox). If your choice is "increase bid", please describe how you would manage the post-merger integration process.

Clearview Window Company manufactures windows for the home-building industry. The window frames are produced in the Frame Division. The frames are then transferred to the Glass Division, where the glass and hardware are installed. The company’s best-selling product is a three-by-four-foot, doublepaned operable window.

The Frame Division also can sell frames directly to custom home builders, who install the glass and hardware. The sales price for a frame is $190. The Glass Division sells its finished windows for $430. The markets for both frames and finished windows exhibit perfect competition.

The standard variable cost of the window is detailed as follows:

*Not including the transfer price for the frame.

2-a. Assume that there is excess capacity in the Frame Division. Use the general rule to compute the transfer price for window frames.

2-c. Suppose the predetermined fixed-overhead rate in the Frame Division is 120 percent of direct-labor cost. Calculate the transfer price if it is based on standard full cost plus a 10 percent markup.

2-d. The Glass Division has been approached by the U.S. Army with a special order for 1,500 windows at $380. Assume the transfer price established in requirement 2-c. above is being used.

i.What is the incremental contribution (loss) per window for Clearview Window Company as a whole if this special order is accepted?

ii.From the perspective of Clearview Window Company as a whole, should the special order be accepted or rejected?

2-e. The Glass Division has been approached by the U.S. Army with a special order for 1,500 windows at $380. Assume the transfer price established in requirement 2-c. above is being used.

i. What is the incremental contribution (loss) per window for the Glass Division if this special order is accepted?

ii.Will an autonomous Glass Division manager accept or reject the special order?

1. One of the biggest news stories of the past few months is the outbreak of COVID-19 (novel coronavirus), first in China and then throughout the world. Numerous pharmaceutical companies have begun to develop COVID-19 vaccines. If all goes well, it will be at least a year before a vaccine is developed, tested, and approved by the FDA. However, one company—Moderna Therapeutics—has beaten all of the other companies in the race so far and is the first to advance to Phase 1 clinical trials.

Suppose that Moderna is the first company to gain approval for a COVID-19 vaccine in the United States. The monthly demand for COVID-19 vaccines in the U.S. is Q = 16 – (P/6) where Q is measured in millions of vials and P is measured in dollars. Moderna’s total cost of producing Q vials of vaccine is 2Q² and Moderna’s marginal cost is 4Q.

1.A As the only company allowed to sell COVID-19 vaccines in the U.S., what price would Moderna charge for its vaccine to maximize profit? How many vials of vaccine would Moderna sell each month? What are Moderna’s monthly profits from the sale of COVID-19 vaccine?

1.B How many vials of vaccine would be produced and what price per vial would be charged if this were a perfectly competitive market?

1.C (Vaccines, like the COVID-19 vaccine being developed by Moderna, provide benefits beyond the benefits received by those vaccinated. For instance, as more people are vaccinated, the odds of disease transmission to vulnerable groups who cannot be vaccinated (e.g., infants) are reduced. Suppose the marginal social benefit of the COVID-19 vaccine is 110 – 6Q, which is greater than the marginal private benefit. Given this, what role do you think the federal government should play in vaccine development, if any, beyond the determination of safety and effectiveness associated with vaccine approval?

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Question: Orica Ltd acquired an item of equipment and enters into a non-cancellable lease agreement with Sm...

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Orica Ltd acquired an item of equipment and enters into a non-cancellable lease agreement with Smart Equipment Ltd on 1January 2015. The lease consists of the following:

Date of inception 1/1/2015

Duration of lease: 4 years

Life of leased asset: 5 years

Lease payments (annual) $160,000 (annual) which include $20,000 for maintenance and insurance costs per annum

Guaranteed residual value (added to final payment) $60,000

Interest rate 10%

Required:

a) Determine the present value of minimum lease rental payment.

b) Prepare the journal entries for the Lessee using the Net Method for the following i. Transfer of control ii. Payment of annual payments for 2015 and 2016

c) How will the lease be shown in the financial statement of lessee at the end of 2016?

d) What exemptions are available under AASB 16 that would allow a lessee not to capitalise lease assets and lease liabilities?

e) Provide an overview of how accounting for leases was changes as result of the release of AASB 16 Leases.

1.

Short and long reflexes in the gastrointestinal track get their names due to the fact that short reflexes activate their downstream effectors for shorter periods of time.

Select one:

True

False

2.

Which of the following examples of applied immunology are correctly matched? Select all that apply.

Select one or more:

A. Receiving plasma from a COVID-19 survivor :: artificially acquired passive immunity

B. Receiving a vaccine :: artifically aquired active immunity

C. Surviving infection with chicken pox :: naturally acquired passive immunity

D. A baby nursing from their mother :: naturally acquired active immunity

3.

Which of the following glands is not involved in semen production?

Select one:

A. Greater vestibular gland

B. Seminal gland

C. Prostate gland

D. Bulbo-urethral gland

4.

Order the following processes of respiration in the correct sequence:

1) Transport of respiratory gases
2) External Respiration
3) Internal Respiration
4) Pulmonary Ventilation

Select one:

A. 4, 2, 1, 3

B. 1, 2, 4, 3

C. 2, 4, 1, 3

D. 2, 4, 3, 1

E. 1, 4, 3, 2

F. 4, 1, 2, 3

a- A tax payer acquires an asset through manufacturing it and he incurred the following costs: direct material SR 100,000, direct labor SR 50,000 and manufacturing overhead SR 50,000. After 3 years the taxpayer disposed of that assets for SR250,000 cash

Required: Compute the taxable gain or loss.

b- A tax payer acquired a non-depreciable asset for SR 200,000 and he incurred subsequent expenses for SR 30,000 to alter and improve that asset, after 2 years the tax payer disposed of that asset for SR 215,000 cash.

Required: Compute the taxable gain or loss.

c- A tax payer acquired an asset for SR 100,000 and subsequently he disposed of that assets as a gift.

Required: how much is taxable gain if the market value of that assets at date of disposing for SR120,000.

d- A tax payer acquired an asset for SR 150,000 through borrowing and he subsequently disposed of that assets when the market value of the asset was SR 140,000 and value of the debt was SR 150, 000.

Required: Compute the taxable gain or loss.

e- A tax payer incurred expenses of SR 75,000 to purchase equipment used for research and development and incurred Research and development expenses connected with the earning of taxable of SR 50,000.

Required: which of the two expenses are deductible under Saudi Tax law?

Discuss the major participants in the U.S monetary system and the importance and function of money.

Identify U.S. public policies designed to reduce discrimination. Explain with example