Finance 4.5 Essay Example | Topics and Well Written Essays - 1750 words

Finance 4.5 - Essay Example The bond prices are different from part (a) and (b) in the question because interest rate is lowered. Bond prices are inversely proportional to interest rates therefore; as interest rate lowers, bond prices hike. This would eventually lead to lower yield. Therefore; in the above given scenario, the interest rates were lowered which caused the bond prices to rise. No, the bonds should not be called. The bonds should only be called if interest rates drop below coupon rate. This will give you the opportunity to call in your previous debt at a lower rate and then reissue debt at a lower interest rate if needed. The second scale will increase profits at a greater pace than scale one after q=3125 units. As the fixed cost is limited, and variable cost per unit is less therefore; the overall cost would be less than scale one. This means that even if the break even sales are  in the original cost function, the company would not face negative cash flow if it surpasses 142856 levels of sale because majority of the cost is of depreciation which is a non cash expense. Even though the company shows negative profits but that would not mean negative cash flow unless the level of sale is above 142561

Criminal Evidence Essay Example | Topics and Well Written Essays - 750 words

Criminal Evidence - Essay Example s the right â€Å"to be secure in their persons, houses, papers and effects against unreasonable searches and seizures†¦Ã¢â‚¬  The common arguments have been that it is illegal to conduct a search without a search warrant on the part of the law enforcement officer. Although the provisions of the Fourth Amendment hold that the right of a person against illegal searches is inviolable, there are exemptions to the enforcement of this right. Apprehensions on the road are one of the areas where the person may not legally invoke the Fourth Amendment1. In the case of Pennsylvania v Mimms2, the court rules that drivers and passengers have no Fourth Amendment right not to be ordered out of their vehicle once a proper stop is made. According to the case of California v Carney3, â€Å"The Constitution affords a lesser degree of protection for a vehicle than a residence because of the vehicle’s ready mobility†¦Ã¢â‚¬  However, the decision of this case should be tempered with the test of reasonableness enunciated under the case of Delaware v Prouse4 where the Court warned that there must be a reasonable ground for stopping the vehicle such as the reasonable suspicion that the driver do not have a license and that the vehicle is not registered. A law enforcement officer manning traffic should not just arbitrarily stop vehicles without just cause as this is a clear violation of the Fourth Amendment right of the driver and the passengers. In case of Maryland v Wilson, the Court ruled that where the driver has committed a â€Å"minor vehicular offense† there is no reason to stop and detain the passengers. However, since technically, the passengers have already been stopped when the vehicle was stopped, the fact that they are requested by the law enforcement officers to disembark from the vehicle is of little concern. In the case of Michigan v Long it was ruled that an officer making a traffic stop may order passengers to get out of the car pending completion of the stop. In connection