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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?
A manager has to decide to sell an old machine or keep it with a major overhaul. Keeping the machine requires a major overhaul cost of $400,000 at time zero. The overhaul cost is depreciable from time 0 to year 5 (over six years) based on MACRS 5-yea..
Although the world economy is much more integrated today than was the case 10 or 20 years ago, a variety of barriers still hamper free movements of people, goods, services, and capital across national boundaries. Legal restrictions. Excessive transpo..
For which of the following investments is the date of maturity known?
You are purchasing a new home and need to borrow $250,000 from a mortgage lender. The mortgage lender quotes you a rate of 6.25% APR for a 30-year fixed rate mortgage. The mortgage lender also tells you that if you are willing to pay two points, they..
What is the future value of a $810 annuity payment over four years if interest rates are 8 percent?
A US government bond matures in 10 years. Its quoted price is now 96.4, which means the buyer will pay $96.40 for each $100 of the bond's face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bo..
Preparing an Income Statement, Statement of Stockholders Equity, and Balance Sheet LO1-1 Assume that you are the president of Highlight Construction Company. At the end of the first year (December 31, 2014) of operations, the following financial data..
Determine the present value of $5,000 is received in the future at the end of each indicated time. In each of the following situations 5% for 10 years 7% for 7 years 9% for 4 years
Aurand Inc. has outstanding bonds with an 8% coupon paid semiannually. The bonds have a par value of $1,000, a current price of $904, and will mature in 14 years. What is their yield to maturity?
The Dry Dock is considering a project with an initial cost of $118,400. The project's cash inflows for years 1 through 3 are $37,200, $54,600, and $46,900, respectively. What is the IRR of this project?
Great Wall Pizzeria issued 13-year bonds one year ago at a coupon rate of 7 percent. If the YTM on these bonds is 9.2 percent, what is the current bond price?
What kind of negotiations could help engage Indian employees and overcome some of the cultural problems encountered? How might culture play a role in the approach the Indian employees take in their negotiation with the financial firm?
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