apnex, inc., is a biotechnology firm that is about to announce the results of its clinical trials of a potential new cancer drug. if the trials are successful, apnex stock will be worth $ 72 per share. if the trials are unsuccessful, apnex stock will be worth $ 18 per share. suppose that the morning before the announcement is scheduled, apnex shares are trading for $ 56 per share.

a. based on the current share price, what sort of expectations do investors seem to have about the success of the trials?

b. suppose hedge fund manager paul kliner has hired several prominent research scientists to examine the public data on the drug and make their own assessment of the drug's promise. would kliner's fund be likely to profit by trading the stock in the hours prior to the announcement?

c. which factors would limit the ability of kliner's fund to profit on its information?

Laurelton heating & cooling installs and services commercial heating and cooling systems. laurelton uses job costing to calculate the cost of its jobs. overhead is allocated to each job based on the number of direct labor hours spent on that job. at the beginning of the current year, laurelton estimated that its overhead for the coming year would be $ 61 comma 500. it also anticipated using 4 comma 100 direct labor hours for the year. in april comma laurelton started and completed the following two jobs: (click the icon to view the jobs.) laurelton paid a $ 20-per-hour wage rate to the employees who worked on these two jobs. read the requirements requirement 1. what is laurelton's predetermined overhead rate based on direct labor hours? determine the formula to calculate laurelton's predetermined overhead rate based on direct labor hours, then calculate the rate. / = predetermined overhead rate

University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.

An essential element of being receptive to messages is to have an open mind true or false