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 Details