Question
In: Accounting
Peter Takesha, the manager of testing services at a medical diagnostics firm, purchased a new lab...
Peter Takesha, the manager of testing services at a medical diagnostics firm, purchased a new lab testing machine last year for $30,000. This year a new machine, which is faster and more reliable than Peter’s current model, is on the market. In deciding whether to purchase the new machine, should Peter consider how much he paid for the old machine? Should he consider the value of the old machine in the used equipment market?
Solutions
ekkarill92 answered 1 year agoRelated Solutions
.1 – Michele Brown started up a new consulting firm to offer design and testing services...
.1 – Michele Brown started up a new consulting firm to offer
design and testing services to industries. During the first three
months of its operation, the firm has recorded a number of
transactions, shown as follows:
a. Michele Brown initiated the business by investing $35,000 in
cash; $1,200 for office equipment; and $23,500 for
instrumentation.
b. Land for an office site was purchased for $17,500: $5,000
paid in cash and a promissory note signed for the balance.
c. A...
Peter, a successful medical doctor using the cash basis ofaccounting, purchased a three year malpractice...
Peter, a successful medical doctor using the cash basis of
accounting, purchased a three year malpractice insurance policy for
$30,000 in 2018. He paid the entire premium when he purchased the
policy. How much can Peter deduct for the insurance on business tax
return?
You have joined a research lab that is testing new vaccines for a new strain of...
You have joined a research lab that is testing new vaccines for
a new strain of the influenza A virus (IAV). The lab's prior
studies have shown that when C57BL/6 laboratory mice are given
non-pathogenic bacteria that have been engineered to express a 16
amino acid peptide, after about a month the mice produce IgG
antibodies that effectively neutralize IAV. Your project is to test
serum samples from healthy adult humans who were given these
bacteria 6 weeks ago as...
Your lab manager asks you to create the new control range for the new lot of...
Your lab manager asks you to create the new control range for
the new lot of hematology control level 1. The following 10
hemoglobin values are gathered to determine the control limits.
Using a calculator or website SD function, calculate and record the
mean, the standard deviation, and the 95% confidence interval for
this set of values. (3 pts)
4.2, 4.7, 4.3, 4.4, 4.6, 4.7, 4.9, 5.0, 4.6, 4.0,
Mean:____4.54______ 1 SD:__0.2963______ 95% Confidence range (2
SD range):_____1.96___________
You are appointed as a manager of a small IT unit in a new medical center...
You are appointed as a manager of a small IT unit in a new
medical center oriented towards the treatment of heart diseases
that is under construction. What considerations should you consider
in your report on the computer needs for the hospital to include?
the answer must be 20 lines at least.
QUESTION 6 An office manager is testing a new system that is intended to decrease the...
QUESTION 6
An office manager is testing a new system that is intended to
decrease the variance of the time customers wait before they relate
to a service representative. Under the old system, a random sample
of 18 customers had a variance of 250. Under the new system, a
random sample of 9 customers had a standard deviation of 11. At
α = 0.10, is there enough evidence to convince the manager
that the new system has a lower variance?...
The accountant for Mystique Company, a medical services consulting firm, mistakenly omitted adjusting entries for (a)...
The accountant for Mystique Company, a medical services
consulting firm, mistakenly omitted adjusting entries for (a)
unearned revenue earned during the year , $21,950; and (b) accrued
wages, $6,100.
a.
Indicate the effect of each error, considered
individually, on the income statement for the current
year ended July 31. Also indicate the
effect of each error on the July 31, balance sheet. Set
up
a table similar to the following and record your
answers by inserting the dollar amount in the
appropriate...
2. Advanced Medical Technology is a new, rapidly growing firm that produces specialized medical instruments. They...
2. Advanced Medical Technology is a new,
rapidly growing firm that produces specialized medical instruments.
They sell to hospitals and other surgical units, and a substantial
portion of their sales are to foreign governments. Typical payable
terms in the industry are payment with 30 days.
They recently reported the following financial information:
Sales
$225,000
Cost of sales
180,000
Inventory
33,000
Accounts receivable
72,000
Accounts payable
30,000
# of...
2. Advanced Medical Technology is a new, rapidly growing firm that produces specialized medical instruments. They...
2. Advanced Medical Technology is a new,
rapidly growing firm that produces specialized medical instruments.
They sell to hospitals and other surgical units, and a substantial
portion of their sales are to foreign governments. Typical payable
terms in the industry are payment with 30 days.
They recently reported the following financial information:
Sales
$225,000
Cost of sales
180,000
Inventory
33,000
Accounts receivable
72,000
Accounts payable
30,000
# of...
Supposing, you run a healthcare services and you are planning on providing a new testing service...
Supposing, you run a healthcare services and you are planning on
providing a new testing service to your clients. For this, you need
to buy a new equipment that costs $40,000, which should be paid by
monthly installments within 12 months. Your projected clients are
only 50 per month.
1) Do a What-if analysis on pricing for each client per service
versus Monthly-payments
2) Identify the range of the solution.
3) Discuss on the objective of this problem.
4) What...
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