Locomotive Enterprises incurred the following costs designing and building a specialized tool: Engineering department costs (salaries and supplies) to design the tool $12,000 Cost to purchase the patent on a component used in the equipment 15,000 Fees paid to Landslide Legal to register the patent 5,000 Production department costs to build a prototype of the tool 22,000 How much of the above costs, in total, should be capitalized

Pam is a low-risk careful driver and fran is a high-risk aggressive driver. to reveal their driver types, an auto-insurance company a. refuses to insure high-risk drivers b. charges a higher premium to owners of newer cars than to owners of older cars c. offers policies that enable drivers to reveal their private information d. uses a pooling equilibrium e. requires drivers to categorize themselves as high-risk or low-risk on the application form