Categorize the following solvent recovery operation in terms of the waste management hierarchy. Discuss the pollution prevention features of this process. Determine whether this process is pollution prevention or not. Use both the federal definition and also the expanded definition adopted in this text. Process Description: The automotive industry uses robots to paint automobile bodies before attaching them to the chassis, and installing other components such as the drive train, lights, trim, and upholstery. In order to accommodate different colors, the paint lines must be flushed with a solvent and then re-charged with the new color paint. In the past, this solvent and paint residue was disposed of as hazardous waste or incinerated. The current process of spray painting automobiles uses a closed-loop solvent recovery process as outlined in the diagram below.
In: Other
The Clap Chemical Company needs a large insulated stainless steel tank to expand its plant. A recently closed brewery has offered to sell their tank for $15,000 delivered. The price is so low that Clap believes it can sell the tank at any future time and recover its $15,000 investment.
Installing the tank will cost $9000 and removing it will cost $5000. The outside of the tank is covered with heavy insulation that requires considerable maintenance. This will cost $3500 in year 1 and increase by $1000 per year.
(a) Based on a 12% before-tax MARR, what life of the insulated tank has the lowest EUAC?
(b) When the insulated tank is replaced by another tank is the replacement’s economic life likely to be shorter or larger? Explain.
In: Finance
Hint: The physical program will be considered effective, if before weight is greater than after weight. Difference = Before – After
H0:
Ha:
Randomization assumption:
Normality assumption:
Note: Attach R codes and normal QQ plot in the following space:
Test statistic =
df =
p-value =
Note: Attach R codes and outputs in the following space:
| Subject | Before | After |
| 1 | 201 | 196 |
| 2 | 178 | 171 |
| 3 | 169 | 170 |
| 4 | 212 | 207 |
| 5 | 180 | 177 |
| 6 | 192 | 190 |
| 7 | 158 | 159 |
| 8 | 180 | 180 |
| 9 | 170 | 164 |
| 10 | 153 | 152 |
| 11 | 183 | 179 |
| 12 | 165 | 162 |
| 13 | 201 | 199 |
| 14 | 179 | 173 |
| 15 | 236 | 231 |
| 16 | 144 | 140 |
In: Statistics and Probability
A pharmaceutical company claims that its new drug reduces systolic blood pressure. The systolic blood pressure (in millimeters of mercury) for nine patients before taking the new drug and 2 hours after taking the drug are shown in the table below. Is there enough evidence to support the company's claim?
Let d=(blood pressure before taking new drug)−(blood pressure after taking new drug)d=(blood pressure before taking new drug)−(blood pressure after taking new drug). Use a significance level of α=0.01 for the test. Assume that the systolic blood pressure levels are normally distributed for the population of patients both before and after taking the new drug.
| Patient | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|
| Blood pressure (before) | 203 | 156 | 195 | 191 | 171 | 148 | 193 | 186 | 182 |
| Blood pressure (after) | 195 | 145 | 175 | 185 | 164 | 141 | 183 | 180 | 157 |
Step 1 of 5: State the null and alternative hypotheses for the test.
Ho: μd (=,≠,<,>,≤,≥) 0
Ha: μd (=,≠,<,>,≤,≥) 0
Step 2 of 5: Find the value of the standard deviation of the paired differences. Round your answer to two decimal places.
Step 3 of 5: Compute the value of the test statistic. Round your answer to three decimal places.
Step 4 of 5: Determine the decision rule for rejecting the null hypothesis H0 H0. Round the numerical portion of your answer to three decimal places.
Reject Ho if (t, I t I) (<,>) _____
Step 5 of 5: Make the decision for the hypothesis test.
Reject Null Hypothesis
Fail to Reject Null Hypothesis
In: Statistics and Probability
Use the following financial statements for Lake of Egypt Marina, Inc.
| LAKE OF EGYPT MARINA, INC. | ||||||||||||||||
| Balance Sheet as of December 31, 2021 and 2020 | ||||||||||||||||
| (in millions of dollars) | ||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Assets | Liabilities and Equity | |||||||||||||||
| Current assets: | Current liabilities: | |||||||||||||||
| Cash and marketable securities | $ | 75 | $ | 65 | Accrued wages and taxes | $ | 40 | $ | 43 | |||||||
| Accounts receivable | 115 | 110 | Accounts payable | 90 | 80 | |||||||||||
| Inventory | 200 | 190 | Notes payable | 80 | 70 | |||||||||||
| Total | $ | 390 | $ | 365 | Total | $ | 210 | $ | 193 | |||||||
| Fixed assets: | Long-term debt: | $ | 300 | $ | 280 | |||||||||||
| Gross plant and equipment | $ | 580 | $ | 471 | Stockholders’ equity: | |||||||||||
| Less: Depreciation | 110 | 100 | Preferred stock (5 million shares) | $ | 5 | $ | 5 | |||||||||
| Net plant and equipment | $ | 470 | $ | 371 | Common stock and paid-in surplus | |||||||||||
| (65 million shares) | 65 | 65 | ||||||||||||||
| Other long-term assets | 50 | 49 | Retained earnings | 330 | 242 | |||||||||||
| Total | $ | 520 | $ | 420 | Total | $ | 400 | $ | 312 | |||||||
| Total assets | $ | 910 | $ | 785 | Total liabilities and equity | $ | 910 | $ | 785 | |||||||
| LAKE OF EGYPT MARINA, INC. | |||||||
| Income Statement for Years Ending December 31, 2021 and 2020 | |||||||
| (in millions of dollars) | |||||||
| 2021 | 2020 | ||||||
| Net sales (all credit) | $ | 515 | $ | 432 | |||
| Less: Cost of goods sold | 230 | 175 | |||||
| Gross profits | $ | 285 | $ | 257 | |||
| Less: Other operating expenses | 30 | 25 | |||||
| Earnings before interest, taxes, depreciation, and amortization (EBITDA) | $ | 255 | $ | 232 | |||
| Less: Depreciation | 22 | 20 | |||||
| Earnings before interest and taxes (EBIT) | $ | 233 | $ | 212 | |||
| Less: Interest | 33 | 30 | |||||
| Earnings before taxes (EBT) | $ | 200 | $ | 182 | |||
| Less: Taxes | 42 | 55 | |||||
| Net income | $ | 158 | $ | 127 | |||
| Less: Preferred stock dividends | $ | 5 | $ | 5 | |||
| Net income available to common stockholders | $ | 153 | $ | 122 | |||
| Less: Common stock dividends | 65 | 65 | |||||
| Addition to retained earnings | $ | 88 | $ | 57 | |||
| Per (common) share data: | |||||||
| Earnings per share (EPS) | $ | 2.354 | $ | 1.877 | |||
| Dividends per share (DPS) | $ | 1.000 | $ | 1.000 | |||
| Book value per share (BVPS) | $ | 6.077 | $ | 4.723 | |||
| Market value (price) per share (MVPS) | $ | 14.750 | $ | 12.550 | |||
Calculate the following ratios for Lake of Egypt Marina, Inc. as of
year-end 2021. (Use sales when computing the inventory
turnover and use total stockholders' equity when computing the
equity multiplier. Round your answers to 2 decimal places. Use 365
days a year.)
Profit Margin) (answer is not 30.68 or 55.33)
ROA) (answer is not 17.36 or 18.64 or 18.05)
Days sales in inventory) (the answer is not 309.46 or 138.21 or 1.179 or 1.18)
ROE) (the answer is not 38.25 or 44.38 or 39.50)
In: Finance
Use the following financial statements for Lake of Egypt Marina, Inc.
| LAKE OF EGYPT MARINA, INC. | ||||||||||||||||
| Balance Sheet as of December 31, 2021 and 2020 | ||||||||||||||||
| (in millions of dollars) | ||||||||||||||||
| 2021 | 2020 | 2021 | 2020 | |||||||||||||
| Assets | Liabilities and Equity | |||||||||||||||
| Current assets: | Current liabilities: | |||||||||||||||
| Cash and marketable securities | $ | 75 | $ | 65 | Accrued wages and taxes | $ | 40 | $ | 43 | |||||||
| Accounts receivable | 115 | 110 | Accounts payable | 90 | 80 | |||||||||||
| Inventory | 200 | 190 | Notes payable | 80 | 70 | |||||||||||
| Total | $ | 390 | $ | 365 | Total | $ | 210 | $ | 193 | |||||||
| Fixed assets: | Long-term debt: | $ | 300 | $ | 280 | |||||||||||
| Gross plant and equipment | $ | 580 | $ | 471 | Stockholders’ equity: | |||||||||||
| Less: Depreciation | 110 | 100 | Preferred stock (5 million shares) | $ | 5 | $ | 5 | |||||||||
| Net plant and equipment | $ | 470 | $ | 371 | Common stock and paid-in surplus | |||||||||||
| (65 million shares) | 65 | 65 | ||||||||||||||
| Other long-term assets | 50 | 49 | Retained earnings | 330 | 242 | |||||||||||
| Total | $ | 520 | $ | 420 | Total | $ | 400 | $ | 312 | |||||||
| Total assets | $ | 910 | $ | 785 | Total liabilities and equity | $ | 910 | $ | 785 | |||||||
| LAKE OF EGYPT MARINA, INC. | |||||||
| Income Statement for Years Ending December 31, 2021 and 2020 | |||||||
| (in millions of dollars) | |||||||
| 2021 | 2020 | ||||||
| Net sales (all credit) | $ | 515 | $ | 432 | |||
| Less: Cost of goods sold | 230 | 175 | |||||
| Gross profits | $ | 285 | $ | 257 | |||
| Less: Other operating expenses | 30 | 25 | |||||
| Earnings before interest, taxes, depreciation, and amortization (EBITDA) | $ | 255 | $ | 232 | |||
| Less: Depreciation | 22 | 20 | |||||
| Earnings before interest and taxes (EBIT) | $ | 233 | $ | 212 | |||
| Less: Interest | 33 | 30 | |||||
| Earnings before taxes (EBT) | $ | 200 | $ | 182 | |||
| Less: Taxes | 42 | 55 | |||||
| Net income | $ | 158 | $ | 127 | |||
| Less: Preferred stock dividends | $ | 5 | $ | 5 | |||
| Net income available to common stockholders | $ | 153 | $ | 122 | |||
| Less: Common stock dividends | 65 | 65 | |||||
| Addition to retained earnings | $ | 88 | $ | 57 | |||
| Per (common) share data: | |||||||
| Earnings per share (EPS) | $ | 2.354 | $ | 1.877 | |||
| Dividends per share (DPS) | $ | 1.000 | $ | 1.000 | |||
| Book value per share (BVPS) | $ | 6.077 | $ | 4.723 | |||
| Market value (price) per share (MVPS) | $ | 14.750 | $ | 12.550 | |||
h) Fixed asset turnover
i) Sales to working capital
j) Total asset turnover
k) Capital intensity
l) Debt ratio
m) Debt-to-equity
n) Equity multiplier
o) Times interest earned
p) Cash coverage
q) Profit margin
r) gross profit margin
s) Operating profit margin
t) Basic earnings power
u) ROA
v) ROE
w) Dividend payout
x) Market-to-book ration
y) PE ratio
In: Finance
If a perfectly competitive market moved toward monopolistic competition, we might expect
less advertising.
a smaller range of product differentiation, but a lower price.
a greater range of product innovation and a lower price.
a greater range of product differentiation, but a higher price.
In: Economics
You had to look for information regarding five recent innovations i.e. airbnb, telegram messenger, Apple, Skip the dishes and Uber.
1. Who is the founder and when did the innovation come
about?
2. Why did the need arise for these innovations?
In: Finance
There are four areas in the Balanced Scorecard:
In: Finance
1. Describe the ways technological innovation has changed since the 18th and 19th centuries.
2. The main factors influencing technological change.
Please write 400 words for first question and 250 words (as bullet points). Please no plagiarism Thanks
In: Economics