Andrew, who has schizophrenia, was admitted to the psychiatr…
Andrew, who has schizophrenia, was admitted to the psychiatric unit. While the psychologists began her evaluation of him, he said, “the binary code knows the answer to the riddle that is in the middle on the griddle. I know that the horned head of Zeus rises in the early morning.” Andrew’s strange talking illustrates:
Read DetailsWhen we talk about capital budgeting for projects, we use pr…
When we talk about capital budgeting for projects, we use present value to decide whether the projects seems worth pursuing. The cash flows that we speculate will come from the project make it seem like we will persist in the project from beginning to end. This is generally not the case. We tend to abandon projects where the payoffs are far below the estimates. At least we abandon them when something better is available to switch to. Required: Describe the role of accounting as the project lives out its life.
Read DetailsPatent or copyright protection was intended to protect the a…
Patent or copyright protection was intended to protect the artist or inventor for a period of time, but no longer. It was intended to encourage two features. First, the artist or inventor gets a return for the period of protection. Second, it should encourage new developments to implement when the protection runs outRequired:1. Describe what the inventor gets as a return. That is to say, what is the source?2. Suppose public policy increases the length of time of patent protection. What does that do to the present value?3. Does increasing the length of time of patent protection make society better off? Does anyone suffer a downside when the length of time of patent protection is increased? To what extent are all capital budgeting projects, creatures of regulation?
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