Items 1 and 2 are based on the following information:

Effective September 1, a company initiates seasonal dating as a component of its credit policy, allowing wholesale customers to make purchases early but not requiring payment until the retail selling season begins. Sales occur as follows:

• Each unit has a selling price of $10, regardless of the date of sale.
• The terms of sale are 2/10 net 30, January 1 dating.
• All sales are on credit.
• All customers take the discount and abide by the terms of the discount policy.
• All customers take advantage of the new seasonal dating policy.
• The peak selling season for all customers is mid-November to late December.

For the selling firm, which of the following is not an expected advantage to initiating seasonal dating?

1. Reduced storage costs.
2. Reduced credit costs.
3. Attractive credit terms for customers.
4. Reduced uncertainty about sales volume.

For sales after the initiation of the seasonal dating policy on September 1, total collections on or before January 11 will be

1. $0
2. $6,370
3. $6,860
4. $7,000

A lease structured such that the most likely outcome is that the lessee has no significant residual risk

Brief details of a motor vehicle lease are:

At the end of the lease, the lessee sells vehicle as agent for the lessor and if sold for:

(i) more than €3,000, 99% of the excess is repaid to the lessee; or

(ii) less than €3,000, lessee pays the deficit to the lessor up to a maximum of 0.4 pence per mile above 25,000 miles p.a. on average that the leased vehicle has done.

The net present value of the minimum lease payments excluding the guarantee amounts to €7,365.

This lease involves a guarantee by the lessee of the residual value of the leased vehicle of €3,000, as a result of (ii) above. However, the guarantee will only be called on if both:

(a) the vehicle’s actual residual value is less than €3,000; and

(b) the vehicle has travelled more than 25,000 miles per year on average over the lease term.

Further, the lessee is only liable to pay a certain level of the residual; namely, €100 for each 2,500 miles above 25,000 miles that the vehicle has done.

One could argue that the guarantee should be assumed to apply only to the extent that experience or expectations of the sales price and/or the mileage that vehicles have done (and the inter-relationship between these) indicate that a residual payment by the lessee will be made and if this best estimate is that a zero or minimal payment will be made, this should be used for the purposes of lease classification. This would be applying the principles in IAS 37 to the calculation of the liability. However, IAS 17 states that the amount of the guarantee is ‘the maximum amount that could, in any event, become payable’. Therefore, the standard appears to require the maximum guarantee of €3,000 to be taken into account.

By taking the maximum guarantee into account, the present value of the minimum lease payments might equal the fair value of the asset. This does not necessarily mean that the lease will automatically fall to be treated as a finance lease. This depends on the substance of the arrangement and the entity might take account of the residual it estimates it will actually pay in making this assessment. Another interpretation is given in below, in which the entity capitalises the full residual guarantee and factors the amount that it expects to recover into the residual value of the asset.

1.     What are water soluble vitamins

2.     What do water soluble vitamins do

3.     Therapeutic use of water soluble vitamins

4.     What is vitamin C

5.     Food sources of Vitamin C – Insert pictures as well

6.     Vitamin C deficiency – Insert picture of person with scurvy

7.     Vitamin C toxicity

8.     What is B12

9.     Food sources of B12 – Insert photos

10.B12 deficiency – Insert photo

11.B12 toxicity

BE SURE TO USE INTEXT CITATION AND SPEAKER NOTES.  USE THE FOLLOWING TEXT BOOK AS REFERENCE 

Williams’ Basic Nutrition and Diet Therapy, 15th Edition and one outside source – APA FORMAT IS A MUST

Slides can be broken up in any particular format as long as topics are in order and organized and speak notes support topic.

• Healthcare faces critical staffing shortages. Imagine you are part of the executive management team researching health care shortages.
• Outline some of the staffing shortages in the market where you live.  Are they consistent with national trends?
• Design a strategy that describes how your organization would alleviate some staffing shortages, including whether you would hire licensed practical nurses instead of registered nurses. Include concepts from readings throughout your program or from peer-reviewed journal articles.