Thomas more company incurred the following costs during the
current year in connection with its research and development activities.
cost of equipment acquired that will have alternative
uses in future r& d projects over the next 5 years
(uses straight-line depreciation) $280,000
materials consumed in r& d projects 59,000
consulting fees paid to outsiders for r& d projects 100,000
personnel costs of persons involved in r& d projects 128,000
indirect costs reasonably allocable to r& d projects 50,000
materials purchased for future r& d projects 34,000

instructions

compute the amount to be reported as research and development expense by more on its current year
income statement. assume equipment is purchased at the beginning of the year.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Lycan, inc., has 7.5 percent coupon bonds on the market that have 8 years left to maturity. the bonds make annual payments and have a par value of $1,000. if the ytm on these bonds is 9.5 percent, what is the current bond price? (do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) current bond price

A76-year old female with degenerative joint disease made an appointment with an orthopedic surgeon. the patient stated she has had severe pain in her right knee for six months. she has tried physical therapy and steroid injections but has not had any relief. the surgeon has agreed to schedule a right total knee arthroplasty (knee replacement).