Purchasing a car is a difficult decision. Car prices are a function of many variables such as mileage, age, foreign or domestic manufacture and engine technology utilized. Develop and run the following multiple regression model:
What will the expected price of a car be in the lemon market if the age of a car was 8 years, with 9,000 miles on it, is of foreign make and with V6 engine?
| Use Car Price ($) | Mileage (Miles) | Age (Years) | Dummy Engine: V6 Technology=0, Not V6 Technology=1 | Dummy Foreign: US=0, Foreign=1 |
| 26900 | 18000 | 10 | 1 | 1 |
| 24995 | 18500 | 11 | 0 | 1 |
| 23998 | 18670 | 12 | 0 | 1 |
| 22988 | 19000 | 17 | 1 | 0 |
| 21895 | 19020 | 16 | 0 | 0 |
| 20995 | 19540 | 18 | 1 | 0 |
| 19995 | 20001 | 19 | 0 | 0 |
| 19995 | 20025 | 19 | 0 | 0 |
| 18995 | 21000 | 18 | 0 | 0 |
| 18975 | 21250 | 17 | 0 | 0 |
| 17999 | 22000 | 17 | 0 | 0 |
| 17995 | 22134 | 18 | 0 | 0 |
| 17995 | 22345 | 18 | 0 | 0 |
| 16950 | 23450 | 19 | 1 | 0 |
| 16922 | 23540 | 20 | 0 | 0 |
| 16796 | 23780 | 20 | 1 | 0 |
| 15988 | 24000 | 21 | 0 | 1 |
| 14995 | 24670 | 22 | 0 | 1 |
| 14995 | 25000 | 23 | 1 | 1 |
| 14990 | 25009 | 23 | 1 | 1 |
| 13877 | 26001 | 24 | 0 | 1 |
| 11995 | 27001 | 15 | 0 | 1 |
| 11495 | 27250 | 16 | 0 | 1 |
| 10990 | 28000 | 17 | 0 | 1 |
In: Statistics and Probability
Last week, a small company based in Texas won its patent infringement lawsuit against Nintendo of America. The jury awarded iLife Technologies $10 million in damages when it decided that Nintendo's Wii controllers infringe on iLife's six patents on motion-sensing technology. iLife filed the federal patent lawsuit against Nintendo in 2013, asking for $144 million. The suit stated that Nintendo's Wii and Wii U controllers use accelerometers to track how a player is moving their hands relative to their environment, which is a system iLife says it invented and patented for use in medical monitors that would automatically call an ambulance if an elderly person fell or if a baby was at risk of dying from sudden infant death syndrome. Nintendo, in a statement during the court proceeding, said the patent was not written correctly to cover the way the company used motion-sensing technology in its controllers. In a statement to the BBC, the company said it would appeal the judgment. "Nintendo disagrees with the decision, as Nintendo does not infringe iLife's patent and the patent is invalid," Nintendo said in a statement. "Nintendo looks forward to raising those issues with the district court and with the court of appeals." iLife's lawsuit sought a $4 royalty on each Wii console sold in the six years before iLife launched legal action, totaling 36 million units. iLife also sued Fitbit and Under Armour in similar lawsuits, both of which were dismissed and settled out of court, according to court filings. Back in 2013, an attorney for iLife's CEO Michael Lehrman denounced claims that Lehrman was a "patent troll." "iLife and its CEO Michael Lehrman are the original inventors of this technology, and the company does not enforce any patents that it did not develop," Wallace Dunwoody, an attorney and partner at Munck Wilson Mandala, told the Dallas Observer. "Unlike so-called patent trolls, iLife also has a history of developing and bringing to market products using their technology." PUBLISHED ON: SEP 5, 2017
give me a summary to this article
In: Economics
1. Blue Spruce Corp. purchased a new machine on October 1, 2019, at a cost of $134,000. The company estimated that the machine will have a salvage value of $20,000. The machine is expected to be used for 10,000 working hours during its 5-year life.
Compute the depreciation expense under straight-line method for
2019. (Round answer to 0 decimal places, e.g.
2,125.)
2019 Depreciation expense:
2. Yello Bus Lines uses the units-of-activity method in depreciating its buses. One bus was purchased on January 1, 2019, at a cost of $227,125. Over its 4-year useful life, the bus is expected to be driven 132,500 miles. Salvage value is expected to be $8,500.
Compute the depreciable cost per unit. (Round answer to 2 decimal places, e.g. 0.50.)
Depreciation cost per unit: per mile
3. In recent years, Sheffield Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information concerning the buses is shown as follows.
For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 124,000. Actual miles of use in the first 3 years were 2018, 26,000; 2019, 31,500; and 2020, 29,500.
For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)
Depreciation expense: per mile
USE CHART BELOW THIS
|
Bus |
Acquired |
Cost |
Salvage |
Useful Life |
Depreciation |
|||||
| 1 | 1/1/17 | $ 99,000 | $ 7,500 | 4 | Straight-line | |||||
| 2 | 1/1/17 | 130,000 | 10,500 | 5 | Declining-balance | |||||
| 3 | 1/1/18 | 89,340 | 7,500 | 4 | Units-of-activity |
4. On January 1, 2019, Pina Colada Company purchased the
following two machines for use in its production process.
| Machine A: | The cash price of this machine was $46,000. Related expenditures included: sales tax $3,250, shipping costs $200, insurance during shipping $110, installation and testing costs $90, and $100 of oil and lubricants to be used with the machinery during its first year of operations. Pina Colada estimates that the useful life of the machine is 5 years with a $4,200 salvage value remaining at the end of that time period. Assume that the straight-line method of depreciation is used. | |
| Machine B: | The recorded cost of this machine was $180,000. Pina Colada estimates that the useful life of the machine is 4 years with a $9,850 salvage value remaining at the end of that time period. |
Prepare the following for Machine A. (Round answers to 0 decimal places, e.g. 2,125. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
|
|||||||||||||
5. At December 31, 2019, Sheffield Corp. reported the following
as plant assets.
| Land | $ 3,770,000 | |||
| Buildings | $27,870,000 | |||
| Less: Accumulated depreciation—buildings | 11,900,000 | 15,970,000 | ||
| Equipment | 48,370,000 | |||
| Less: Accumulated depreciation—equipment | 4,850,000 | 43,520,000 | ||
| Total plant assets | $63,260,000 |
During 2020, the following selected cash transactions
occurred.
| April 1 | Purchased land for $2,120,000. | |
| May 1 | Sold equipment that cost $930,000 when purchased on January 1, 2016. The equipment was sold for $558,000. | |
| June 1 | Sold land purchased on June 1, 2010 for $1,490,000. The land cost $394,000. | |
| July 1 | Purchased equipment for $2,480,000. | |
| Dec. 31 | Retired equipment that cost $508,000 when purchased on December 31, 2010. The company received no proceeds related to salvage. |
Journalize the above transactions. The company uses straight-line depreciation for buildings and equipment. The buildings are estimated to have a 50-year life and no salvage value. The equipment is estimated to have a 10-year useful life and no salvage value. Update depreciation on assets disposed of at the time of sale or retirement. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)
In: Accounting
write a paper about an entrepreneur you admire. Select one entrepreneur in your country, region or the world that you admire. Then write a biographical essay on the person using the requirements outlined below.Word limit: 1500-2500 words.
Your essay should contain:
2. Introduction. This will provide the reader with
basic background information on why this entrepreneur was
chosen.
3. Body of the essay. This should include the following
information:
• Business and industry of your selected
entrepreneur (innovation, market share, future in the industry, and
profitability)
• Entrepreneur’s background.
• Decision for the entrepreneur to start their own
company as well as the industry they chose.
• Major events and decision in the entrepreneur’s
life.
• Challenges that the entrepreneur had to
overcome.
• Innovative techniques and practices the entrepreneurs
used to gain a competitive advantage.
4. Conclusion. Discuss the innovative techniques
used by the entrepreneur and how they gave a competitive
advantage.
5. References
In: Economics
Q1. In what ways is the purchase of a hammer or of labor services by the military different from the purchase of a missile system? How does this affect government procurement policies in these two areas?
Q2. Should military officers and Defense Department officials by proscribed from working for private defense contractors for a period of several years after termination of their government service?
Q3. Imagine that Congress is considering a bill to reduce the current seventeen-year life of patents to eight years. What negative effects might this change have on the rate of innovation? What positive effect might it have for the economy?
Q4. Members of the poorest fifth of U.S. households have a much smaller share of total U.S. income than is typical in other developed countries. Does this mean that the poorest fifth of U.S. households are worse off in the United States than are the poorest fifth of households elsewhere? Why or why not?
In: Economics
1- Statistically controlled variation of processes is also called
| A. |
statistical probability processing. |
|
| B. |
statistical process control. |
|
| C. |
statistical innovation. |
|
| D. |
statistically-driven implementation. |
2- True or False? An example of an XmR chart would be one showing the average daily time to bring a patient from an ambulance into the ER plotted against the date, over a period of 3 months.
True
False
3- True or False? A stressor which only affects a diabetic patient's blood sugar about once a month would be a special cause of variation.
True
False
4- True or False? A control chart and a process behavior chart are diametrically different things.
True
False
5-
If a group of physicians together study literature on reducing hospital-acquired bacterial infections, which part of a PDSA cycle is this?
| A. |
D |
|
| B. |
S |
|
| C. |
A |
|
| D. |
P |
In: Nursing
In a short essay (not to exceed two pages, not including graphs) discuss the following issues using the tools you have learned from micro- and macroeconomics this term.
Now you can be Norton’s “benevolent dictator” or the chief policy advisor to the President. What government policies should be enacted to help move the economic out of the covid-19 recession we are in now, while also moving toward a society where income or wealth is more equally distributed? Use graphs when appropriate, and be sure to think past initial changes and focus on general equilibrium solutions that work in tandem with economic incentives for innovation and entrepreneurial activity.
Please write your answer in a Word file with your first name in the filename. Send it to my Webster address as an attached file by Monday, July 20, at 10 p.m. CDT.
In: Economics
In: Accounting
Consider a region with two cities and a total workforce 24 =
A+B, where A is the workforce
in city 1 and B is the workforce in city 2. For the negatively
sloped portion of the utility
curves,
u(A) = 480 / A
; u(B) = 240 / B
1. Calculate the regional equilibrium values of the population
for each city and regional utility.
Recall the conditions required for regional equilibrium: equalized
utility (no one has
an incentive to move) and fixed population at a regional
level.
2. Now, suppose technological innovation in the first city shifts
the utility curve upward,
so along the negatively sloped portion u(A) = 720/A. Calculate the
new equilibrium
populations and regional utility.
3. One more worker wanders into this region and chooses City B at
random. What is
the resulting difference in utility between the two cities?
Describe the process of these
cities trying to find a new equilibrium (and whether they
will).
In: Economics
****** Section B only b. How many IRRs does this investment opportunity have? Please show how you find IRRs********************
Innovation Company is thinking about marketing a new software product. Upfront costs to market and develop the product are $ 5,200,000. The product is expected to generate profits of $ 1,300,000 per year for ten years. The company will have to provide product support expected to cost $ 95,000 per year in perpetuity. Assume all income and expenses occur at the end of each year. a. What is the NPV of this investment if the cost of capital is 5.92 % ? Should the firm undertake the project? Repeat the analysis for discount rates of 1.37 % and 18.66 % , respectively. b. How many IRRs does this investment opportunity have? (Hint: Consider the two alternative discount rates we used in our analysis in part a.) c. Can the IRR rule be used to evaluate this investment? Explain.
In: Finance