In “The Problem of Cell 13”‚ Jacques Futrelle tells how a scientist‚ Professor Van Dusen (also known as The Thinking Machine) takes on an experiment challenged by his friends‚ Dr. Charles Ransom and Alfred Fielding. The challenge he accepts is to escape a death-cell in Chisholm Prison within 7 days. He requests three harmful things: tooth powder‚ his boots polished‚ and $25. (Two 10s and a 5) The purpose of proving this experiment is because Dusen believes “Nothing is impossible. The mind is master
Premium Stanford prison experiment English-language films Science
Chapter 2 The Balanced Scorecard and Strategy Map | | ------------------------------------------------- QUESTIONS 2-1 Financial performance measures‚ such as operating income and return on investment‚ indicate whether the company’s strategy and its implementation are increasing shareholder value. However‚ financial measures tend to be lagging indicators of the strategy. Firms monitor nonfinancial measures to understand whether they are building or destroying their capabilities—with customers
Premium Balanced scorecard Customer service
Rittenberg 8th edition: Q 2-45 (pages 66 and 67) 2-45 (Audit Committees and Auditor Independence‚ LO 4‚ 5‚ 6) The audit committee is required to evaluate the independence of both the internal and external audit functions. Required a. What factors would you suggest an audit committee look at in evaluating the external auditor’s independence? b. How can the audit committee influence the independence of the internal audit function? c. The audit committee must pre-approve all nonaudit services
Premium Auditing Audit Internal audit
com/bitcoins/134/how-i-would-manipulate-the-bitcoi... ⌊ ⌋ ⌊ ⌋ 1 of 14 18-Apr-13 12:58 AM How I would manipulate the Bitcoin exchange market – and how a “Disc... http://www.247btc.com/bitcoins/134/how-i-would-manipulate-the-bitcoi... ⌊ ⌋ ⌊ ⌋ … … 2 of 14 18-Apr-13 12:58 AM How I would manipulate the Bitcoin exchange market – and how a “Disc... http://www.247btc.com/bitcoins/134/how-i-would-manipulate-the-bitcoi... 3 of 14 18-Apr-13 12:58 AM How I would manipulate the Bitcoin exchange
Premium Stock market
Chapter 13 Problem 1 a. the use of debt financing leverages up ROE from 12.0 percent to 19.2 percent; total dollars returned to investors (including both stockholders and creditors)increased from $600‚000 to $680‚000; and the “extra” $80‚000 came from the “taxman‚” as taxes are reduced by that amount b. ROE 12.0%/15.0% c. At 20% ROE is 6.0 % At 0.6% ROE is 12.0% At .20 % ROE is 18.0 % The lesson is that although the use of leverage increases expected ROE‚ it also increases
Premium Finance Capital structure Corporate finance
CHAPTER 2 SOLUTIONS TO SUPPLEMENTARY PROBLEMS FROM SCOTT TEXTBOOK 6th edition 11. Several reasons can be suggested why oil company managers have reservations about RRA: • The discount rate of 10% might not reflect the firm’s cost of capital. • Low reliability. RRA involves making a large number of assumptions and estimates. While SFAS 69 deals with low reliability in part by requiring end-of-period oil and gas prices to be used (rather than prices anticipated when the reserves are expected
Premium Generally Accepted Accounting Principles Balance sheet Revenue
Accounting ; Budgets 1. Define the term Budget. A Budget is an estimate of income and expenditure over a specified period‚ reflecting a reading of future finsncial conditions and goals. It is an itemized summary of estimated or intended expenditures for a given period along with proposals for financing them. 2. Name and briefly describe six benefits that a business can gain from budgeting. The budgeting process can have a good motivational impact by involving managers
Premium Budget Expense Cost
obtained by using resources in an alternative course of action. 12. If an incremental make or buy analysis indicates that it is cheaper to buy rather than make an item‚ management should always make the decision to choose the lowest cost alternative. 13. In a sell or process further decision‚ management should process further as long as the incremental revenues from additional processing exceed the incremental variable costs. 14. It is always better to
Premium Variable cost Costs Management accounting
Exam Chapter 1-5 Name 1) Managers usemanagement accounting information to A) implement C) communicate strategy. B) choose D) All of these answers are correct. 2) Place the four business functions in the order they appear along the value chain: Customer service Design Marketing Production A) Design‚ Production‚ Marketing‚ Customer Service B) Customer Service‚ Design‚ Production‚ Marketing C) Design‚ Customer Service‚ Production‚ Marketing D) Customer Service‚ Marketing
Premium Variable cost Costs Management accounting
Case 13-4 Application of SFAC No. 13 1) On January 1‚ 2006‚ Lani Company entered into a noncancelable lease for a machine to be used in its manufacturing operations. The lease transfers ownership of the machine to Lani by the end of the lease term. The term of the lease is eight years. The minimum lease payment made by Lani on January 1‚ 2006‚ was one of eight equal annual payments. At the inception of the lease‚ the criteria established for classification as a capital lease by the lessee were
Premium Lease Contract law Leasing