1. FUNCTIONS OF THE LAW Influence behavior of the members of a society Resolving disputes within the society Maintaining important social values 2. COMMON LAW/STATUTORY LAW Common law judge made law Under common law judges decide cases based on decisions from previous cases(stare decisis) Statutory law: Written laws created by federal and state legislatures 3. STARE DECISIS Doctrine where the law of precedent is used in guiding decision making in present cases before the court Precedent=
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Text Problem Sets A1. (Bond valuation) A $1‚000 face value bond has a remaining maturity of 10 years and a required return of 9%. The bond’s coupon rate is 7.4%. What is the fair value of this bond? Number of years (N) = 10‚ future value (FV) = 1000‚ interest rate (I/YR) = 9 0.074 * 1000 = 74 = PMT or annual payment‚ I then pressed CPT on my financial calculator to compute the price of the bond and then pressed PV or present value. The fair value of the bond is $897.32. Using Cash Flow of
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A-3 (Coverage ratio) The firm in the two preceding problems also had $6 million of principal repayments during the latest 12 months. Its marginal tax rate is 40%. Calculate the debt service coverage ratio. Debt-Service Coverage Ratio = (EBIT + 1/3 Rentals) / (Interest Expense + 1/3 Rentals + Principal Repayments / (1 - T)) = ($30 + $15 / 3) / ($10 + $15 / 3 + $6 / (1 - 0.40)) = 1.40 A-4 (WACC with rebalancing) Nathan’s Catering is a gourmet catering service located in Southampton‚ New York
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Wendy’s ILAB WEEK 3 The following food items I would select from Wendy’s menu as a healthy meal. Grilled Chicken Go Wrap Calories 260 Total Fat (g) 10 Saturated Fat (g) 2.5 Trans Fat (g) 0 Cholst (mg) 10 Sodium (mg) 115 Total Carb (g) 5 Fiber (g) 2 Sugars (g) 2 Protein (g) 4 Caesar Side Salad Calories 60 Total Fat (g 3.5) Saturated Fat (g) 2.5 Trans Fat (g) 0 Cholst (mg) 10 Sodium (mg) 115 Total Carb (g) 5 Fiber (g) 2 Sugars (g) 2 Protein (g) 4 Diet
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1. Workstation and Desktop devices are prone to viruses‚ malware‚ and malicious software‚ especially if the user surfs the Internet and World Wide Web. Given that users connect to the Internet and World Wide Web‚ what security countermeasures can organization implement to help mitigate the risk caused from viruses‚ malware‚ and malicious software? a. Up to date anti-virus software and updated firewall. 2. Your employees e-mail file attachments to each other and externally through the organization’s
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LM317‚ NCV317 1.5 A Adjustable Output‚ Positive Voltage Regulator The LM317 is an adjustable 3−terminal positive voltage regulator capable of supplying in excess of 1.5 A over an output voltage range of 1.2 V to 37 V. This voltage regulator is exceptionally easy to use and requires only two external resistors to set the output voltage. Further‚ it employs internal current limiting‚ thermal shutdown and safe area compensation‚ making it essentially blow−out proof. The LM317 serves a wide variety
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However‚ many people may have differing ideas when it comes to what security authentication actually is. This paper will address those perceptions in a straightforward and easy to understand manner. Security authentication is‚ as defined by our text‚ “the process of establishing a user ’s identity to enable the granting of permissions.” This is a rather simple definition of a process that has many different areas and permutations that it encapsulates and includes within its scope. In order to
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In the first situation‚ the mayor is doing what we see and hear on a daily basis. We just watched the trials of Dimora and Russo about taking bribes and presents from other businesses and officials. By doing things like this‚ the mayor is not benefiting anyone else but himself. He is taking gifts from others who may be potential business partners‚ but he shouldn’t have to take gifts in order to keep them close. In my opinion‚ I am unsure as to how Locke would look at this situation. On one side‚
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Problem 8-3. For each of the following situations‚ the present value concept should be applied: 1. Your wealthy aunt just established a trust fund for you that will accumulate to a total of $100‚000 in 12 years. Interest on the trust fund is compounded annually at an 8% rate. How much is in your trust fund today? 2. On January 1‚ you will purchase a new car. The automobile dealer will allow you to make increasing annual December 31 payments over the following four years. The amounts
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this leads to and increase in phytoplankton. This then leads to a decrease in water clarity. The reason that this is relevant is because eutrophication is when a body of water receives excess nutrients which results in excessive algae growth (ISP 217 Lab 4 Part 1). Asking a question like what is in the controlled water sample. The reason that this element is important because we needed to know what kind of water we were dealing with which was fish tank water. The design of the experiment is very
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