A recent study by Tufts University and published in the Journal of Health Economics (2016) estimates that the average cost of developing a new drug and bringing it to market exceeds $2.5 billion. The probability that a new drug makes it through all phases of testing and is approved for medical use is less than 10%. These high costs tend to keep most drug development in the hands of for-profit companies like Merck, the company that developed the first statin drugs for lowering blood cholesterol levels. Discuss the medical and individual costs and benefits of this drug development model.

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?

Moody corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. at the beginning of the year, the company made the following estimates: machine-hours required to support estimated production 100,000 fixed manufacturing overhead cost $ 650,000 variable manufacturing overhead cost per machine-hour $ 3.00 required: 1. compute the plantwide predetermined overhead rate. 2. during the year, job 400 was started and completed. the following information was available with respect to this job: direct materials $ 450 direct labor cost $ 210 machine-hours used 40