There are many policy proposals aimed at curtailing the high cost of pharmaceuticals and/or encouraging innovation. Briefly analyze the costs and benefits of the following policy proposals: a. The government uses an auction to estimate the private value of patents and then offers to buy out patents at this private value. Most patents purchased would be placed in the public domain. b. The government offers a $5 billion prize to the first drug company that develops a cure for Alzheimer’s disease. c. In order to control the rising costs of new drugs, the government puts a cap on drug prices at $10,000 per month.
In: Economics
1. What is the difference between the implementation of innovation and entrepreneurship within the organization from a strategic management and business strategy perspective?
2. What are some of the benefits and risks of vertical integration as part of a company’s business strategy?
3 What are some of the strengths and weaknesses of mergers and acquisitions that would determine which is best for the organization?
4. From a business strategy perspective, what factors must be considered as part of a successful global strategy?
5. Why is it important for the organizational structure to be in alignment with the organization business strategy?
In: Operations Management
You may need to use the appropriate technology to answer this question.
A market research firm used a sample of individuals to rate the purchase potential of a particular product before and after the individuals saw a new television commercial about the product. The purchase potential ratings were based on a 0 to 10 scale, with higher values indicating a higher purchase potential. The null hypothesis stated that the mean rating "after" would be less than or equal to the mean rating "before." Rejection of this hypothesis would show that the commercial improved the mean purchase potential rating. Use
α = 0.05
and the following data to test the hypothesis and comment on the value of the commercial.
| Individual | Purchase Rating | |
|---|---|---|
| After | Before | |
| 1 | 6 | 5 |
| 2 | 6 | 4 |
| 3 | 7 | 7 |
| 4 | 4 | 3 |
| 5 | 3 | 6 |
| 6 | 9 | 8 |
| 7 | 7 | 5 |
| 8 | 6 | 7 |
(a) State the null and alternative hypotheses. (Use μd = mean rating after − mean rating before.)
H0: μd ≠ 0
Ha: μd = 0
H0: μd > 0
Ha: μd ≤ 0
H0: μd ≤ 0
Ha: μd = 0
H0: μd = 0
Ha: μd ≠ 0
H0: μd ≤ 0
Ha: μd > 0
(b)Calculate the value of the test statistic. (Round your answer to three decimal places.)
Calculate the p-value. (Round your answer to four decimal places.)
p-value =
(c) State your conclusion.
Do not Reject H0. There is sufficient evidence to conclude that seeing the commercial improves the mean potential to purchase.
Reject H0. There is sufficient evidence to conclude that seeing the commercial improves the mean potential to purchase.
Reject H0. There is insufficient evidence to conclude that seeing the commercial improves the mean potential to purchase.
Do not reject H0. There is insufficient evidence to conclude that seeing the commercial improves the mean potential to purchase.
In: Statistics and Probability
Q1. A researcher is investigating a new financial awareness program, designed to reduce the amount of money people spend on credit cards. She randomly selects 20 people with credit cards to put through the program. She obtains the records of money spent in the year before the program, as well as the amount of money spent in the year after the program, and conducts the appropriate 2-sample t-test. What is the correct number of degrees of freedom for this test?
Q2. A shopper was interested in comparing prices between Woolworths and Coles. He found the cost of the same 12 items at 7 randomly selected Woolworths stores and 9 randomly selected Coles stores. Let be the price at the i-th Woolworths store and be the price at the i-th Coles store. The following data was obtained:
What is the pooled estimate of the standard deviation?
Q3. A manager implements a new efficiency program, designed to decrease the time it takes for works to process orders. A random sample of 10 workers are monitored and their average time take to process an order before and after the training is given below.
| Person | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 |
| Before (min) | 40 | 41 | 21 | 34 | 35 | 27 | 25 | 42 | 37 | 16 |
| After (min) | 33 | 38 | 12 | 26 | 36 | 26 | 24 | 43 | 27 | 20 |
If the manager conducts the appropriate hypothesis test to assess whether this program has been successful or not (in decreasing the time taken), what is the relevant value of the test statistic? (define the difference as before - after)
Q4. This question continues Q3. What is the appropriate p-value for the hypothesis test in Q4? It might help to know that
p(T > 0.81) = p(T < -0.81) = 0.22
p(T > 2.14) = p(T < -2.14) = 0.03
where T is the appropriate t-distribution for the hypothesis test in Q4.
In: Statistics and Probability
Problem 5
This problem is designed to make sure you can write a program that swaps data passed into it such that the caller's data has been swapped. This is something that is done very frequently in manipulating Data Structures.
The Solution / Test Requirements
I want your program to demonstrate that you understand how to swap information passed into a function and have the calling routine print out the data before and after the call to verify the data has been swapped. Call your functions Swap and SwapStructs. Swap is a function that receives the information to swap. The information is two integers. How should Swap receive them? How should it process them? SwapStructs is a function that receives two structs to swap. How should SwapStructs receive them? How should it process them?
Your Test Main must:
1. Declare two integers and initialize them to the values 1 and -1.
2. Print out the integers.
3. Call Swap to swap the values.
4. Print out the values on return from the function.
5. Declare a struct that holds 2 integers using a typedef for the struct.
6. Dynamically allocate two separate variables using the typedef and fill the dynamically allocated structs, filling the first with the values 10 and 20 and the second with 30 and 40.
7. Print out the values in each of the structs
8. Call SwapStructs to swap the contents of the structs.
9. Print out the values in the structs on return.
10. Free the memory that was dynamically allocated.
For your convenience, here is an output of my program:
Before call..I= 1, J=-1 After call.. I=-1, J= 1
Before SwapStructs..ptr1 contains 10 and 20
Before SwapStructs..ptr2 contains 30 and 40
After SwapStructs..ptr1 contains 30 and 40
After SwapStructs..ptr2 contains 10 and 20
Process returned 0 (0x0) execution time : 0.034 s Press any key to continue.
In: Computer Science
2.) Mutually exclusive projects may be ranked differently when higher or lower discount rates are used.
a. True
b. False
13.) The option to abandon a project before the end of its forecasted life may increase its NPV.
a. True
b. False
18.) Porter Climate Control is evaluating a proposal to move some manufacturing operations from an obsolescent plant in Illinois to a new facility in Mexico. The new facility will cost $58 million to open. and is expected to result in savings of $16 million per year for the first five years. At the end of 5 years, Porter will decide either to close the plant in Mexico or to keep it indefinitely. If Porter closes the plant, the building and equipment can be sold for $20,000,000. If the plant is kept, assume that the $16 million turns into a perpetuity. There is a 30% chance the plant will be closed and a 70% chance it will be kept. Compute the expected NPV of the project. Use a discount rate of 12%.
a. $75.32 million
b. ($30.32 million)
c. $56.04 million
d. $114.04 million
In: Finance
chemical engineering
*An adult human being at rest produces roughly 0.40 mJ/h of thermal
energy through metabolic activity. Use that fact to solve the
following problems.
(a)
A college student who weighs 128 pounds put off a major assignment
until the day before it was due and worked for eight hours to
complete it. If she is modeled as a closed adiabatic system at
constant pressure, her heat capacity and molecular weight are
approximately the same as that of liquid water, and her temperature
was normal when she began to work, what would her temperature have
been by the time the assignment was finished?
(b)
Now model the student as an open system and assume that evaporation
of perspiration (evaporative cooling) is the only mechanism for
heat loss. How much weight would she have lost through evaporation
if she maintained a constant body temperature?
(c)
Are either of the models in Parts a and b reasonable? Explain. What
is the most likely explanation of what happened to the metabolic
energy produced in her body?
In: Chemistry
Thomson Media is considering some new equipment whose data are shown below. The equipment has a 3 year tax life and would be fully depreciated by the MACRS method over 3 years, but it would have a positive pre-tax salvage value at the end of year 3, when the project would be closed down. Also, additional net operating working capital would be required, but it would be recovered at the end of the project's life. Revenues and other operating costs are expected to be constant over the project's 3 year life. What is the project's total cash flow in year 3? Create a table. DO NOT USE EXCEL
-Net investment in fixed assests = $70,000
- Required net opertaing work capital = $15,000
-Depreciation (MACRS): 33% in year 1
45% in year 2
15% in year 3
7% in year 4
- Earnings before taxes & depreciation = $54,000
- Expected pre-tax salvage value = $6,000
- Tax Rate: 35%
- WACC: 8%
In: Finance
Kingbird Company, a manufacturer of small tools, provided the
following information from its accounting records for the year
ended December 31, 2020.
| Inventory at December 31, 2020 (based on physical count of goods in Kingbird’s plant, at cost, on December 31, 2020) | $1,419,220 | |
| Accounts payable at December 31, 2020 | 1,295,400 | |
| Net sales (sales less sales returns) | 8,926,300 |
Additional information is as follows.
| 1. | Included in the physical count were tools billed to a customer f.o.b. shipping point on December 31, 2020. These tools had a cost of $32,100 and were billed at $41,100. The shipment was on Kingbird’s loading dock waiting to be picked up by the common carrier. | |
| 2. | Goods were in transit from a vendor to Kingbird on December 31, 2020. The invoice cost was $77,100, and the goods were shipped f.o.b. shipping point on December 29, 2020. | |
| 3. | Work in process inventory costing $31,100 was sent to an outside processor for plating on December 30, 2020. | |
| 4. | Tools returned by customers and held pending inspection in the returned goods area on December 31, 2020, were not included in the physical count. On January 8, 2021, the tools costing $33,100 were inspected and returned to inventory. Credit memos totaling $48,100 were issued to the customers on the same date. | |
| 5. | Tools shipped to a customer f.o.b. destination on December 26, 2020, were in transit at December 31, 2020, and had a cost of $27,100. Upon notification of receipt by the customer on January 2, 2021, Kingbird issued a sales invoice for $43,100. | |
| 6. | Goods, with an invoice cost of $28,100, received from a vendor at 5:00 p.m. on December 31, 2020, were recorded on a receiving report dated January 2, 2021. The goods were not included in the physical count, but the invoice was included in accounts payable at December 31, 2020. | |
| 7. | Goods received from a vendor on December 26, 2020, were included in the physical count. However, the related $57,100 vendor invoice was not included in accounts payable at December 31, 2020, because the accounts payable copy of the receiving report was lost. | |
| 8. | On January 3, 2021, a monthly freight bill in the amount of $9,100 was received. The bill specifically related to merchandise purchased in December 2020, one-half of which was still in the inventory at December 31, 2020. The freight charges were not included in either the inventory or in accounts payable at December 31, 2020. |
Prepare a schedule of adjustments as of December 31, 2020, to the
initial amounts per Kingbird’s accounting records. (If
an amount reduces the account balance then enter either with a
negative sign preceding the number, e.g. -15,000 or in parenthesis,
e.g. (15,000).)
|
KINGBIRD COMPANY |
||||||
|
Inventory |
Accounts Payable |
Net Sales |
||||
| Initial amounts | $1,419,220 | $1,295,400 | $8,926,300 | |||
| Adjustments: | ||||||
| 1. | ||||||
| 2. | ||||||
| 3. | ||||||
| 4. | ||||||
| 5. | ||||||
| 6. | ||||||
| 7. | ||||||
| 8. | ||||||
| Total adjustments | ||||||
| Adjusted amounts | $ | $ | $ | |||
In: Accounting
Sunland Company, a manufacturer of small tools, provided the
following information from its accounting records for the year
ended December 31, 2020.
| Inventory at December 31, 2020 (based on physical count of goods in Sunland’s plant, at cost, on December 31, 2020) | $1,467,950 | |
| Accounts payable at December 31, 2020 | 1,182,000 | |
| Net sales (sales less sales returns) | 7,990,400 |
Additional information is as follows.
| 1. | Included in the physical count were tools billed to a customer f.o.b. shipping point on December 31, 2020. These tools had a cost of $31,700 and were billed at $40,700. The shipment was on Sunland’s loading dock waiting to be picked up by the common carrier. | |
| 2. | Goods were in transit from a vendor to Sunland on December 31, 2020. The invoice cost was $76,700, and the goods were shipped f.o.b. shipping point on December 29, 2020. | |
| 3. | Work in process inventory costing $30,700 was sent to an outside processor for plating on December 30, 2020. | |
| 4. | Tools returned by customers and held pending inspection in the returned goods area on December 31, 2020, were not included in the physical count. On January 8, 2021, the tools costing $32,700 were inspected and returned to inventory. Credit memos totaling $47,700 were issued to the customers on the same date. | |
| 5. | Tools shipped to a customer f.o.b. destination on December 26, 2020, were in transit at December 31, 2020, and had a cost of $26,700. Upon notification of receipt by the customer on January 2, 2021, Sunland issued a sales invoice for $42,700. | |
| 6. | Goods, with an invoice cost of $27,700, received from a vendor at 5:00 p.m. on December 31, 2020, were recorded on a receiving report dated January 2, 2021. The goods were not included in the physical count, but the invoice was included in accounts payable at December 31, 2020. | |
| 7. | Goods received from a vendor on December 26, 2020, were included in the physical count. However, the related $56,700 vendor invoice was not included in accounts payable at December 31, 2020, because the accounts payable copy of the receiving report was lost. | |
| 8. | On January 3, 2021, a monthly freight bill in the amount of $8,700 was received. The bill specifically related to merchandise purchased in December 2020, one-half of which was still in the inventory at December 31, 2020. The freight charges were not included in either the inventory or in accounts payable at December 31, 2020. |
Prepare a schedule of adjustments as of December 31, 2020, to the
initial amounts per Sunland’s accounting records. (If
an amount reduces the account balance then enter either with a
negative sign preceding the number, e.g. -15,000 or in parenthesis,
e.g. (15,000).)
|
SUNLAND COMPANY |
||||||
|
Inventory |
Accounts Payable |
Net Sales |
||||
| Initial amounts | $1,467,950 | $1,182,000 | $7,990,400 | |||
| Adjustments: | ||||||
| 1. | ||||||
| 2. | ||||||
| 3. | ||||||
| 4. | ||||||
| 5. | ||||||
| 6. | ||||||
| 7. | ||||||
| 8. | ||||||
| Total adjustments | ||||||
| Adjusted amounts | $ | $ | $ | |||
In: Accounting