23. Susan sells a house built several years ago. The house sells for $304,016, and she pays 5% of the sale price to her real estate agent for the commission fee. How much does this transaction add to GDP?

Enter a number rounded to two decimal places.

24,

The salary John’s grandfather earned in 1962 is a

Group of answer choices

inflation adjusted value.

nominal value.

real value.

cost of living adjusted value.

In rural Appalachia, many people live in small communities of modest-sized houses built on the narrow flood plains of streams. Surrounding these valley communities are steep, wooded mountainsides. Logging companies operate on these mountainsides. Occasionally the small streams flood, causing significant property damage in the communities. Many people who live in these rural communities believe that the activities of the logging companies on the mountains (building dirt roads and removing trees) have increased the amount of water that runs off the mountains into the streams after a storm, and has thus increased the frequency and severity of damaging floods. This has led some homeowners to sue logging companies for the cost of replacing or repairing houses and other possessions damaged in the floods. Suppose that in one of the lawsuits the State Supreme Court assigns liability to the logging company for temporary damages – they must pay the plaintiff for damages caused in the flood that led to the lawsuit, and are still liable for any damages caused by flooding in the future. Another logging company (Logging Company B), which operates in a valley located in another part of the state where there has been no flooding recently, shuts down its operation. A third logging company (Logging Company C) does not shut down, but is observed to be buying the homes and land of those who live in the valley. In an essay that is no more than three paragraphs, and no longer than 1.5 typed, double spaced, pages in 12 point font, offer an explanation of why logging companies B and C reacted as they did to the decision in the law suit, and why their reactions were different. Your proposed explanation should be based on the economic ideas we have been discussing in class.

An engineer is investigating engine life for a new oil compound. He has built 12 engines and tested them to end of life in a test. The sample mean was 63,000km. He has enough data to show that the populations standard deviation is equal to 3150km. He is stesting H0: mu = 62000km against H1: mu does not = 62000km, and using P(Type 1 error) = .05. If the true population mean tire life is 61000km what is the P(type II error)?

Please show work and if calculator is needed please use Ti methods.

Catrina Corporation took out a new insurance policy on their recently built offices. The policy cost $160,000 and covered 24 months, from Oct 1, 20X1 to the end of Sep 20X3. When Catrina prepares its income statement for the year ended 20X1, what amount will be shown as insurance expense? Enter your response as a whole number, no commas, no dollar signs.

On January 1, 2020 , WXY Inc. replaced the roof on its warehouse. WXY originally built the warehouse and placed it into service on January 1, 1995. The cost of the building was $1,000,000. The building has been depreciated using the straight-line method over an originally estimated 40-year useful life with an estimated salvage value of $50,000. Based on original construction records, WXY is able to calculate that the old roof's cost and accumulated depreciation are 8% of the amounts for the entire building.

The new roof cost $200,000. WXY estimates that the new roof will extend the useful life of the building by 10 years. When the old roof was removed, the old scrap was simply thrown away.

Which of the following statements it true?

On January 1, 2020 , WXY Inc. replaced the roof on its warehouse. WXY originally built the warehouse and placed it into service on January 1, 1995. The cost of the building was $1,000,000. The building has been depreciated using the straight-line method over an originally estimated 40-year useful life with an estimated salvage value of $50,000. Based on original construction records, WXY is able to calculate that the old roof's cost and accumulated depreciation are 8% of the amounts for the entire building.

The new roof cost $200,000. WXY estimates that the new roof will extend the useful life of the building by 10 years. When the old roof was removed, the old scrap was simply thrown away.

Which of the following statements it true?

True or false

11.All Appliances, Inc. installed a built-in dishwasher in Greta's house. The dishwasher is a fixture.

12.Presentment warranties are made by the drawer of a check or draft. 1

3.Buildings constructed on land are considered personal property.

14.There are three parties on a promissory note: the maker, the drawer and the payee

15.A party cannot obtain ownership of someone else's real estate through adverse possession.

16. Baker makes a will leaving his BMW roadster to his beloved nephew Charlie. Charlie is a beneficiary of Baker's will

17. Sally lends her lawnmower to her neighbor, Chad. Chad is the bailor of the lawnmower

18. Mike signs a promissory note to Carl, who in turn negotiates the instrument to Luke. Of the three, Mike is the only person who has primary liability.

19.  When the name of the payee on an instrument is misspelled, the endorsement becomes invalid.

Some companies have built a business model on social responsibility. Some see “social responsibility” as a need component for marketing in the future. Specifically, knowing what you now know about consumer-buying behavior, is “socially responsible” a determinant for future success, or just a trend? State the opposing arguments to social responsibility being a determinant for marketing success or a trend; compare and contrast these arguments in terms of benefits and detrimental effects on individuals, businesses, and the societies or nations in which they function. Finally, evaluate the arguments, supporting your stance for one argument over the other.

Student Case Studies

John J. is a school nurse at Jackson Elementary School, which was built in 1960. Nurse John has noticed that many students from Ms. Zee’s second grade class have come to the clinic complaining about coughing, sneezing, runny nose, and watery eyes. Nurse John has also observed that Steven Tea, the only asthmatic student in Ms. Zee’s class, has had more asthma attacks this year than he did last year. Because the rest of the school is not experiencing the same respiratory problems, Nurse John is concerned that something in Ms. Zee’s classroom is causing students to feel ill.

Nurse John decides to visit Ms. Zee’s classroom. Upon entering the classroom, one of the few located in the school’s basement, John is struck by the powerful musty smell that inhabits the room. While talking to Ms. Zee, John learns that the classroom has “smelled bad for years,” and that students from previous years have complained about respiratory problems. Nurse John notes that Ms. Zee has stuffed a blanket at the base of the classroom’s small rectangular window near the ceiling because the window does not close completely.

John suspects that Ms. Zee’s classroom walls are contaminated with mold. Upon further research, Nurse John learns that if water gets between the exterior and the interior of a building’s wall, mold can grow in the moist environment. This situation can occur as the result of construction defects in the building (e.g., leaky windows). Nurse John also learns that people who are exposed to extensive mold growth may experience allergic reactions, such as hay fever-like allergy symptoms, and that people who already have a chronic respiratory disease, such as asthma, may experience difficulty breathing when exposed to mold. Nurse John is concerned about the possible mold contamination effect on his asthmatic student, Steven.

Questions

1.   Identify the agent, host, and environment in this case study, and describe how they interacted to bring about the occurrence of disease.

2.   Is the mold contamination in Ms. Zee’s room a point-source pollutant or a non–point-source pollutant?

Archer Company is a wholesaler of custom-built air-conditioning units for commercial buildings. It gathered the following monthly data relating to units shipped and total shipping expense:

Required: Using the high-low method, calculate the equation of a cost line for the shipping expense for this company (Y = a + bX)