C6.1. Explain why analysts forecasts of Earnings-per-share growth typically underestimate the
growth that an investor values if a firm pays dividends.
Analysts typically forecast eps and eps growth without consideration for how earnings are affected
C7.1. Why is a fundamental investor suspicious about a required return estimated from the capital
asset pricing model (CAPM)?
The measure of the required return from the CAPM is imprecise. It involves an estimate of a beta
and the market risk premium. Bet
C3.1. What explains differences between firms price-to-sales ratios?
Investors are interested in profits from sales, not sales. So price-to-sales ratios vary according to
the profitability of sales, that is, the profit margin on sales. Also, investors are
C2.1. Changes in shareholders equity are determined by total earnings minus net payouts to
shareholders, but the change in shareholders equity is tot equal to net income (in the income
statement) minus net payout to shareholders. Why?
The change in shareh
C9.1. Why is income in the equity portion of the balance sheet called dirty-surplus income?
Because the accounting is not representatively faithful in measuring additions to surplus.
Surplus is an old-fashioned word meaning shareholders equity the surplus
C8.1. Why can free cash flow be regarded as a dividend, that is, as a distribution of value rather
than the value created?
Free cash flow is a dividend from the operating activities to the financing activities; that is, it is the
net cash payoff from oper
C4.1. Investors receive dividends as payoffs for investing in equity shares. Thus the value of a share
should be calculated by discounting expected dividends. True or false?
Dividend payout over the foreseeable future doesnt mean much (recall ch. 3
C1.1. What is the difference between fundamental risk and price risk?
Fundamental risk arises from the inherent risk in the business from sales revenue falling or
expenses rising unexpectedly, for example. Price risk is the risk of prices deviating from
C5.1. Information indicates that a firm will earn a return on common equity above its cost of equity
capital in all years of the future, but its shars trade below book value. Those shares must be
mispriced. True or false?
True. A firm with positive expect
C10.1. Why are reformulated statements necessary to discover operating profitability?
Without the reformulation, operating profitability is confused with financing profitability, and the
return on financial assets (and borrowing cost for financial obligat
Echeveria glauca in a Connecticut greenhouse. Botany
uses Latin names for identification, here, glauca means
Micropropagation of transgenic plants
Biologist and statistician Ronald Fisher
Building upon the gene-chromosome theory
examination of the mouth and tongue to determine
innocence or guilt, as a precursor to the Polygraph test. In
ancient India,some suspects were made to fill their
mouths with dried rice and spit it back out. Similarly, in
Ancient China, those accused of
evaluations of molecular properties of the tissue by
immunohistochemistry or other laboratory tests.
Brain biopsy under stereotaxy. A small part of the tumor is
taken via a needle with a vacuum system.
There are two major types of specimens submitted for
fascinating sphere of police work, the world of
"lacks the rigors, the standards, the quality controls and
procedures that we find, usually, in science."
In America, on 25 June 2009, the Supreme Court issued a
5-to-4 decision in Me
2008. Shirley Ann Jackson's compensation ranked 1st
among US private university presidents in 2014. As of
2015, Rensselaer Polytechnic Institute is facing debts and
liabilities of nearly $1 billion, and has seen a sharp decline
economists had generally used adaptive
expectations where agents were assumed to look at the
recent past to make expectations about the future.
Under rational expectations, agents are assumed to be
more sophisticated. A consumer will not simply assume
Schell, J.; Van Montagu, M. (1977). "The Ti-plasmid
of Agrobacterium tumefaciens, a Natural Vector for the
Introduction of Nif Genes in Plants?". Basic Life
Sciences. 9: 15979.doi:10.1007/978-1-4684-08805_12. ISBN 978-1-4684-0882-9. PMID
exceeds the cost of releasing the waste directly into the
in many parts of the world. It has been suggested that
intergenerational equity can be incorporated into a
sustainable development and decision making, as has
become common in economic valua
), endoscopy, elastography, tactile
imaging, thermography, medical photography, nuclear
medicine and functional imaging techniques such
as positron emission tomography. Though they do not
strictly relay images, readings from diagnostics tests
Ear print analysis is used as a means of forensic
Forensic Interviews are conducted using the science
of professionally using expertise to conduct a variety of
investigative interviews with victims, witnesses,
suspects or other sources to determ
develops within the seed, which on germination splits to
release it. The earliest known seed plants date from the
latest DevonianFamennian stage. Following the
evolution of the seed habit, seed plants diversified, giving
rise to a number of now-
detective work, and it has also proved useful in resolving
paternity and immigration disputes. DNA fingerprinting
was first used as a police forensic test to identify the rapist
and killer of two teenagers, Lynda Mann and Dawn
Ashworth, who were both
e regular spatial and temporal
organization of Level 3 datasets makes it
feasible to readily combine data from
While these processing levels are
particularly suitable for typical satellite
data processing pipelines, other data
examination, and other evidence in criminal
investigations. In typical circumstances evidence is
processed in acrime lab.
Digital forensics is the application of proven scientific
methods and techniques in order to recover data from
electronic / digital
electrical measurement technique, see four-terminal
sensing. For the scientific journal, see Remote Sensing
Synthetic aperture radarimage of Death Valley colored
Remote sensing is the acquisition of information about an
eventually named after their supervisor, Sir Edward
Richard Henry. The Henry Classification System, codevised by Haque and Bose, was accepted in England
and Wales when the first United Kingdom Fingerprint
Bureau was founded in Scotland Yard, the M
Environment and Development (Brundtland
Commission), Milton Park: Routledge, 2014.
Cook, Sarah & Esuna Dugarova (2014). "Rethinking
Social Development for a Post-2015
World". Development. 57 (1): 30
1. e Ultimate Jack the Ripper Sourcebook, p. 341
2. Jump up^ Robert Anderson to Home Office,10
January 1889, 144/221/A49301C ff. 2356, quoted in
Evans and Skinner,The Ultimate Jack the Ripper
Sourcebook, p. 399
3. Jump up^ Evans and Rumbelow, pp. 186187;
each episode featured a clip of the title character, played
by Jack Klugman, beginning a lecture to a group of police
officers with "Gentlemen, you are about to enter the most
fascinating sphere of police work, the world of forensic
medicine." Later serie