Scenario

The Department of Technology is planning to replace the packaging machine in the graphic communication lab in the Spring of 2021. The one currently in use was purchased from ESKO in 2011 for $100,000. The installation of the machine was done by the facility department on campus with a price tag of $5,000, including the labor and all the necessary harness. The new machine to be purchased has a cutting table doubles the size of the old one, with a throughput capacity four times of the old machine.

Q1. According to the vendor, ESKO, the price for the new machine for academic usage is directly related to the machine’s throughput capacity (not its physical size). If the cost-capacity factor between 2011 and 2021 is 0.85, what will be the estimated purchase price of the new machine?

Hint. No cost indexing information is needed here as the vendor has already incorporated the time-related cost change into the price they charge for the new machine.

Q2. In order to estimate the cost of operations, the graphic communication area coordinator needs to estimate the time of usage in the class setting. If it takes 45 minutes to set up and finish cutting the first box, and the learning curve slope is 0.75 according to the past experience, how long will it take to set up and finish cutting the third box?

You are trying to decide whether to make an investment of

$498.7million in a new technology to produce Everlasting Gobstoppers. There is a

61% chance that the market for these candies will produce profits of

$98.9 million​ annually, a(n)

22% chance the market will produce profits of$50.1

​million, and​ a(n) 17% chance that there will be no profits. The size of the market will become clear one year from now.​ Currently, the cost of capital of the project is

11.47%per year. There is​ a(n) 21%chancethat the cost of capital will drop to8.86%in a year and stay at that level​ forever, and​ a(n)79% chance that it will stay at

11.47% forever. Movements in the cost of capital are unrelated to the size of the candy market. Construct the decision tree that shows the choices you​ have: to make the investment either today or one year from now. What decision should you make if the​ one-year cost of capital is15.59%and the profits last​ forever?

Use technology to compute the balance.

a. An account with annual compounding, an APR of 12%, and an initial deposit of $500, after 7 years

An account with annual compounding, an AR of 2%, and an initial deposit of $213, after 539 years.

After 7 years, the balance obtained by investing $500 at a rate of 12% with an annual compounding will be [...]

Technology in health care continues to advance, yet there is still a time and place for paper documentation. One of the most common paper documents is a patient intake form. For this week’s assignment, you will examine the functionality of this type of documentation, and offer improvements.

For this assignment, you will create a patient registration form. You may use an existing form as a guide, and make revisions as necessary when creating your document.

• Your form should be one page in length, formatted in a clean, professional manner.
• Key data that will be used in EMR reporting should be in boldface text.
• On a separate page, briefly summarize why each of the key data points are important for reporting purposes.
• A minimum of three references, in APA format, should be included on a separate page. Sources may include forms used to create your document.

Please review the rubric to ensure that your assignment meets criteria.

Submit:

• Patient Registration Form
• Document with the summary of the data points

Cardinal Communications is selecting a new technology. For the project, there are five proposals (A, B, C, D and E), which are technically compatible or incompatible, relating to each other as follows. A is contingent on B. C and D are mutually excluding. E is contingent on A. Capital constraints for initial investments are $80,000 as maximum initial investment. (a) Which are the options to be considered and the total initial investment required? (b) Which is the option to be selected

Proposal Initial Investments, $ Net Worth after 5 years @ MARR = 16%,

A 20,000 5,000

B 35,000 4,000

C 18,000 3,000

D 12,000 2,000

E 14,000 1,000

A polling institute routinely conducts surveys to gauge the impact of the Internet and technology on daily life. A recent survey asked respondents if they read online journals or? blogs, an Internet activity of potential interest to many businesses. A subset of the data from this survey shows responses to this question. Test whether reading online journals or blogs is independent of generation. Use a significance level of

alpha?equals=0.05.

PrintDone

Compute the chi squared ?2 test statistic.

Find the probability and interpret the results. If convenient, use technology to find the probability. The population mean annual salary for environmental compliance specialists is about $61,000. A random sample of 43 specialists is drawn from this population. What is the probability that the mean salary of the sample is less than $ 59,000? Assume σ= $6,100.

The probability that the mean salary of the sample is less than $59,000 is ____  (Round to four decimal places as needed.)

Interpret the results. Choose the correct answer below.

A . About 15.8 % of samples of 43 specialists will have a mean salary less than $59,000. This is not an unusual event.

B. Only 15.8 % of samples of 43 specialists will have a mean salary less than $59,000. This is an unusual event.

C.Only 1.58 % of samples of 43 specialists will have a mean salary less than $59,000. This is an unusual event.

D.About 1.58 % of samples of 43 specialists will have a mean salary less than $59,000. This is not an unusual event.

In a Malthusian world, suppose there is a one-time improvement in technology , which increases the level of output per capita for any given level of population. How will this change affect output per capita in both short and long run? Why? How will it affect the level of population?

1. Please list and discuss the roles played by the concept of new technology as it relates to the decision to build factory #5: Even if sales volume is flat, profits are low, and interest rates are high, why would a firm desire to build factory #5, at least in theory?

2. What is residential construction and sales volume, exactly? How many housing units are built, and sold, in this country in a typical year (before March, 2020)?

3. What are six of the occupations that are involved in this sector of the economy? That is, when there is a 20% drop in this activity, residential construction and sales volume, which workers lose their jobs? Why?

4. What could our government do to help cause a rise in residential construction and sales volume in our economy? Please list and discuss three actions that our government could take, at least in theory. What are the forces that may cause a rise or a drop in this area of the economy in the next 12 to 24 months?

New Plant and Equipment Construction, Residential Construction and Sales Volume: One of the greatest factors influencing the volume of factory (new plant and equipment) construction is the R&D (research and development) of new technology. Of course, WE HAVE TO BUILD THE NEW FACTORY! In our factory #5 example, the R&D AND CONSTRUCTION of Factory #5 may result in a. a dramatic drop in the cost per unit (the cost per pair of shoes, in our hypothetical) and/or b. The introduction of a product that is..... NEW! And IMPROVED!, thus causing a rise in Demand, where, if it captures the imagination of the consumer, we may RAISE THE PRICE and increase profits by a great amount. Let’s say that our price per pair currently is $30 per pair, and our cost per pair currently is $27, for a profit of $3 per pair. If a new method of mass producing shoes that saves on labor costs is “invented”, for lack of a better word, we will want and need to build this new factory. Let’s say that Factory #5 lowers the cost per pair to $21 by using less than half of the workers used by Factory #4. We will build this new factory! $30 per pair minus $21 per pair yields a profit of $9 per pair!!!! BUT WE MUST SELL THOSE NEW SHOES!!! If our rivals are building this factory, and we do not.... We will die. (We have rivals) - VERY few firms are true monopolies. Factory #5 may mass produce TWO million pairs of shoes compared to #4 with one million pairs in yearly output. We may build factory #5, then shut down factory #1... thus resulting in FEWER WORKERS ON OUR PAYROLL... SAD BUT TRUE.....Our sales could be dropping along with our profits. Interest rates may rise. We will still need to build that factory. Especially if the product mass produced by this new factory causes a rise in Demand. YET THERE IS A FINITE SUPPLY OF LOANABLE FUNDS AND EQUITY FINANCING available, thus, we have a tragedy: some firms are doing so well that they wish to expand---but are denied financing. What is the proper role of the government? The Obama Admin. lent money directly to Tesla in order for them to expand in Fremont. This may be called ‘industrial policy’. It worked out well. If not, Obama may have been a one term President, even though he was an excellent leader by any metric. Yet the government could be criticized for ‘playing favorites’ since THERE IS A FINITE SUPPLY OF FUNDING that the government may access. If the ‘new’ Mercedes Benz assembly plant built in Alabama (yes, this is on U.S. soil) represented a new and improved SUV, then why did this German firm build the plant here? On U.S. soil? Cheaper labor (the U.S. workers make less and have fewer benefits than their German counterparts),---incredible, but true...the firm will enjoy lower distribution costs (all those rich people on the east coast of the U.S. will buy our cars), and it is easier to ship them from Alabama than from Germany, while avoiding any possible hikes in tariffs the Trump Admin may levy NOW OR LATER---- do you trust Trump? Are you feeling lucky today? How about the next 20 years? I mean, your buyers are here on the East Coast, and Alabama offered HUGE tax incentives to Daimler (Mercedes Benz) to build the plant in Alabama instead of South Carolina, home to a BMW plant. Alabama had to ‘outbid’ South Carolina for the new factory. Also, the German firm avoids any and all possible labor disruptions by dockworkers in the U.S.---now, and for the next 20 years. We do not care if the firm’s headquarters are in Germany. If they build the factory on U.S. soil, then the expenditure is part of the Total Spending on U.S. goods and services = C+ I+ G+(X-M) equation. More on this later!