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Apple is under pressure from the Federal Bureau of Investigations and the Justice Department for access to phones belonging to shooters who killed 14 people in San Bernardino, California, late last year.
Tensions are high in this situation. The Justice Department said, "It is unfortunate that Apple continues to refuse to assist the department in obtaining access to the phone of one of the terrorists involved in a major terror attack on U.S. soil."
But Apple and civil liberties organizations argue that this could set a bad precedent against consumer privacy. The company would need to develop new technology that could be used in other situations. In a statement, CEO Tim Cook said, "The government suggests this tool could only be used once, on one phone. But that’s simply not true. Once created, the technique could be used over and over again, on any number of devices."
1) Tim's message to customers. How does he balance logical arguments, emotional appeal, and credibility?
Siva, Inc., imposes a payback cutoff of three years for its international investment projects. What is the payback period for both projects? Which project should the company accept?
Pappy’s Potato has come up with a new product, the Potato Pet (they are freeze-dried to last longer). Pappy’s paid $120,000 for a marketing survey to determine the viability of the product. It is felt that Potato Pet will generate sales of $575,000 p..
Maria paloma purchased a used car from LeBlanc Hyundai Partnership. She explained to the sales representative that she needed the car to go to work and to take care of her grandchildren. The trial court awarded her $1,000 for repairs and damages. She..
You have $7,700 to deposit. Regency Bank offers 9 percent per year compounded monthly (.75 percent per month), while King Bank offers 9 percent but will only compound annually. How much will your investment be worth in 20 years at each bank?
If you won a 50 million dollar lottery would you take the lump sum amount or twenty five year annuity? Explain why and calculations. Estimated taxes are 30% and the interest rate in 10%. Include reasoning behind the answer.
You are comparing two possible capital structures for a firm. The first option is an all-equity firm. The second option involves the use of $3.8 million of debt. The break-even point between these two financing options occurs when the earnings before..
You bought a 7 percent coupon bond one year ago for $1,080.50. These bonds make annual payments and mature six years from now. Suppose you decide to sell your bond today when the required rate of return on the bond is 5.5%.If the inflation rate was 3..
What is the value of a bond that matures in 30 years, makes an annual coupon payment of $100, and has a par value of $1000? Assume a required rate of return of 9%, and round your answer to the nearest $10
Arc Electric, Inc. has 400,000 shares of $10-par common stock outstanding. They have declared of 5% stock dividend. The current market price of the common stock is $18/share. What is the amount that will be credited to Paid-in-Capital in Excess of Pa..
Prepare a statement of cash flows for 2013, using the indirect method. Assume that current assets (excluding cash) and current liabilities have remained the same on December 31, 2013.
As a member of the external auditing team, do you agree with Jex's reasoning. If you think that an adjustment needs to be made, what journal entry would you propose. What should be done about the $350,000 that has been earned this year even though th..
Assume these securities are correctly priced. Based on the CAPM, what is the expected return on the market? What is the risk-free rate?
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