Personalized medicine is an innovation in the care and treatment of patients that brings to the forefront the unlimited possibilities of health information technology when utilized to its fullest. Personal Health Records (PHRs) provides patients and medical professionals a means to share information, which in turns, helps to improve the quality of care. The ability to understand obtain, process and understand health information within PHRs requires that individuals have a certain level of health literacy.
In: Nursing
cite a current issue facing a U.S. firm or industry, along with some implications, and relate how that company / industry is responding to that situation. Make sure you include enough details in your analysis. For example, Health Care costs, Covid-19 and / or Wage issues are plaguing a number of small to medium-sized firms as well as the Auto industry. This contributes to negligible employment and sluggish economic growth. Other suggested topics include but are not limited to: Financial Markets; Industry and Innovation; Pharmaceuticals; Unions vs. Non-Union Labor trends; Airlines; E-Commerce; Energy; Infrastructure; Telecom; Banking; Technology; Cyber-Security; Insurance; Crypto-currency; Student Debt; Universities; Trucking; Railroads; Retailing; etc. Individual firms can be used as well - for example: Netflix; GE; Macy's; Tesla; Ford; Facebook; to name a few.
In: Economics
In: Accounting
4. Under Clayton Christensen's theory of disruptive innovation, sustaining innovation will always entail an incumbent continuing to apply the core design concepts that underlie their existing product architecture. True or False? Explain why? (Word Count: 150)
In: Civil Engineering
What is creative disruption and how can disruptive innovation be a positive contributor to our economy?
Give an example of a industry that has experienced or is experiencing a process of disruptive innovation.
How would you measure this success from an economic perspective?
In: Economics
Entrepreneurship
Entrepreneurship has been described as the "capacity and
willingness to develop, organize and manage a business venture
along with any of its risks to make a
profit."
Schumpeter identified innovation as the critical dimension of economic change. He argued that economic change revolves around innovation, entrepreneurial activities, and market power. He sought to prove that innovation-originated market power can provide better results than the invisible hand and price competition.
He argued that technological innovation often creates
temporary monopolies, allowing abnormal profits that would soon be
competed away by rivals and imitators. These temporary monopolies
were necessary to provide the incentive for firms to develop new
products and processes.
1) How the concept of entrepreneurship can help you to
explain a cultural norm or institution in society?
In: Economics
Please write down your response after reading the paragraphs. (at least 5 sentences long, 150-200 words)
By Murphy’s Law, anything that can go wrong will go wrong. Throughout history, there have been multiple technological disasters due to errors in overlooking safety precautions, errors in manufacturing, or when a piece of the machinery simply gives out. The most advanced model of some sort of technology could be highly praised for its innovation, yet at some point, something is bound to go wrong. In the TED Talk, by Sam Harris, Harris addresses the issues concerning AI and how they are something to be feared. I agree with the all too science fiction dilemmas AIs bring into society, and he brings up many interesting points. Artificial Intelligence encompasses such wonder and hope for a smarter future. Yet so ironically, it should be something people fear. There are too many people who praise the great unknown capacity artificial intelligence has. People have been growingly dependent on technology and do not realize how easily it can control us. AI most definitely has the possibility to “annihilate… without a qualm” the way Harris explains humans destroy ants once the ants get in their way (Harris). Many people, however, feel that we are still doing the research and our world is far from that. However, Harris also discusses how assessing the amount of time it would take us to actually create such advanced AI is futile for “when we continue to improve our machines, we will produce superintelligence” (Harris). More concerning, once we have this superintelligence, how can society be reassured that it is safe and that us as a human race will not be controlled by it. Furthermore, there are many issues we need to address in our society that cannot be fixed by an AI. I feel that by human nature, humans can become too obsessed with trying to reach such heights they believe AI represent, and instead, we need to look introspectively on how we can improve society independent of superintelligence.
In: Psychology
On June 30, 2020, Wisconsin, Inc., issued $181,400 in debt and 23,100 new shares of its $10 par value stock to Badger Company owners in exchange for all of the outstanding shares of that company. Wisconsin shares had a fair value of $40 per share. Prior to the combination, the financial statements for Wisconsin and Badger for the six-month period ending June 30, 2020, were as follows (credit balances in parentheses):
| Wisconsin | Badger | |||||||||||
| Revenues | $ | (1,043,000 | ) | $ | (453,000 | ) | ||||||
| Expenses | 742,000 | 294,000 | ||||||||||
| Net income | $ | (301,000 | ) | $ | (159,000 | ) | ||||||
| Retained earnings, 1/1 | $ | (825,000 | ) | $ | (264,000 | ) | ||||||
| Net income | (301,000 | ) | (159,000 | ) | ||||||||
| Dividends declared | 94,500 | 0 | ||||||||||
| Retained earnings, 6/30 | $ | (1,031,500 | ) | $ | (423,000 | ) | ||||||
| Cash | $ | 101,500 | $ | 88,000 | ||||||||
| Receivables and inventory | 451,000 | 215,000 | ||||||||||
| Patented technology (net) | 931,000 | 374,000 | ||||||||||
| Equipment (net) | 705,000 | 661,000 | ||||||||||
| Total assets | $ | 2,188,500 | $ | 1,338,000 | ||||||||
| Liabilities | $ | (527,000 | ) | $ | (445,000 | ) | ||||||
| Common stock | (360,000 | ) | (200,000 | ) | ||||||||
| Additional paid-in capital | (270,000 | ) | (270,000 | ) | ||||||||
| Retained earnings | (1,031,500 | ) | (423,000 | ) | ||||||||
| Total liabilities and equities | $ | (2,188,500 | ) | $ | (1,338,000 | ) | ||||||
Wisconsin also paid $32,700 to a broker for arranging the
transaction. In addition, Wisconsin paid $46,800 in stock issuance
costs. Badger’s equipment was actually worth $833,500, but its
patented technology was valued at only $344,100.
What are the consolidated balances for the following accounts?
|
In: Accounting
What are the benefits and disadvantages of each of the following? Consider both the system level and programmer level.
In: Computer Science
Traynor Corporation reports its 40 percent investment in Victor Company on its December 31, 2020 balance sheet at $14,608,000. Traynor acquired its interest in Victor on January 2, 2018 and uses the equity method to account for the investment. Victor’s assets and liabilities were fairly stated on January 2, 2018 except for unreported technology (5-year life) of $4 million. Victor reported net income of $1.2 million, $1.5 million, and $1.4 million, and paid dividends of $200,000, $250,000, and $230,000 in 2018, 2019, and 2020, respectively. There was no impairment of Traynor’s investment. Required How much did Traynor Corporation pay for its investment in Victor Company on January 2, 2018?
In: Finance