|Cash Flow: A Mathematical Derivation©||
Jay B. Abrams, CPA, MBA "Cash Flow: A Mathematical
Derivation©" (Vol. 1, Issue 1, March 1994) Subjects referenced include forecast
cash flows; mathematical
derivation; balance sheets; income statement;
supplementary financial data; Direct entries to the capital account; Capital Expenditures;
Gain on Sale of Fixed Assets; The Cash
Sales Price of Fixed Assets Sold; Sale of Capital Stock;
Purchases of Treasury Stock; change in cash; Net
Income; Change in Other Assets; Change in the Net Book Value of Fixed Assets;
Change in Current and Long Term Debt; Direct
Entries to the Capital Account; effects of
sales; retirements of fixed assets.
|Determination of Environmental Contamination of Real Property||
Michele E. Slinkard, MS, CIH, CSP and Richard M.
Slinkard, MS, CIH, CSP "Determination of Environmental Contamination of Real
Property" (Vol. 1, Issue 1, March 1994) Subjects referenced include reduce
property values; litigation; environmental contamination; site assessments;
environmental audits; soil; surface water; ground water contamination;
asbestos-containing building components; lead-based paint; radon; storage
tanks; electrical equipment containing PCBs; drums of hazardous materials
or waste; process tanks; piping; greenfield; abandoned industrial facility;
Superfund site; Aliquippa, Pennsylvania; automotive services stations (leaking
underground tanks, lead acid batteries, solvents, waste oils); dry cleaners
(halogenated solvents); photographic shops (photo processing chemicals); nursery
and landscaping operations (pesticides, herbicides, chemical fertilizers);
smelters and foundries (heavy metals); healthcare facilities (medical wastes);
laboratories (mercury, solvents, various chemicals); carcinogen; National
Emissions Standard for Hazardous Air Pollutants (NESHAP); Environmental
Protection Agency; attention deficit disorders; impaired hearing; reading and
learning disabilities; delayed cognitive development; mental retardation; coma;
death; Department of Housing and Urban Development (HUD); Lead-Based Paint:
Interim Guidelines for
Hazard Identification and Abatement in Public and Indian Housing
(September 1990); XRF; National Voluntary Laboratory Accreditation Program (NVLAP); American Industrial
Hygiene Association; geotechnical
consultant; geologist; hydrogeologist; radium 226;
lung cancer; alpha-track detectors; activated charcoal; passive electret monitors; Wetlands; Clean
Water Act; U.S. Army Corps of Engineers; Comprehensive
Environmental Response, Compensation and Liability Act (CERCLA); historical review of
ownership; Phase I Environmental Site Assessment; Phase ll
Environmental Site Assessment; remediation; risk assessment; Resource Conservation and Recovery Act, and Toxic Substances
Control Act; Occupational Safety and Health Administration; qualified
environmental consultant; Professional Engineers; Certified Industrial Hygienists;
Certified Safety Professionals; Professional Geologists.
|Determining the Required Rate of Return for preferred Stock of a Closely Held Firm||
Lester Barenbaum, Ph.D. Walter Shubert, Ph.D.
"Determining the Required Rate of Return for preferred Stock of a Closely Held
Firm" (Vol. 41, Issue 1, June 1997) Subjects referenced include
preferred stock; Revenue ruling 83-120; rate of return.
|ESOPs: Measuring and Apportioning Dilution||
Jay B. Abrams, ASA, CPA, M.B.A. "ESOPs: Measuring
and Apportioning Dilution" (Vol. 41, Issue 1, June 1997) Subjects
referenced include ESOP; dilution of value.
|Estimating Appraisal Depreciation for Limited Market Property||
Richard K. Ellsworth, ASA, PE, CFA "Estimating Appraisal
Depreciation for Limited Market Property" (Vol. 1, Issue 1, March 1994) Subjects
referenced include market transactions; nonexistent basis; universe of potential
purchasers; depreciation; limited market assets; principle of substitution;
special use; informational shortcomings; cost approach; tangible asset
appraisal; original cost; acquisition date; corporate accounting records;
replacement cost; useful service life; consumption of future cash flows; asset
value; present value of expected future cash flows; projected life; uniform
payment; life data mathematics; present value of probable future services; Life
data analysis; asset population; actuarial study; survivor curve; life
characteristics; Iowa curves; Edwin B. Kurtz; left-moded L curves; right-moded R
curves; symmetrical-moded S curves; retirement frequency; Bulletin 125;
Statistical Analysis of Industrial Property Retirements; origin moded 0 curve;
remaining life; age-life approach; linear; curvilinear; mortality experience;
Iowa L2 curve; present value of an annuity; time value of money; Robley Winfrey;
Engineering Valuation and Depreciation; expectancy life factor; maintenance
costs; reduced aesthetics; service factor; serviceability deterioration;
functional obsolescence; loss of utility.
|Get Your Legal Instructions Straight||
G. Michael Yovino-Young, ASA, MAI, SRA "Get Your Legal
Instructions Straight" (Vol. 1, Issue 1, March 1994) Subjects referenced include
California Appellate Court; eminent domain; San Diego County Water Authority v.
John Mireiter, et al.; post-valuation date discoveries; legal date of valuation;
admissibility of evidence; logical thinking; valuation
|Healthcare Intangible Assets Valuation Approaches and Methods||
James G. Rabe, ASA, M.B.A., CFA, Robert J.
Reilly, ASA, M.B.A., CPA, CFA, CMA "Healthcare Intangible Assets Valuation
Approaches and Methods" (Vol. 41, Issue 1, June 1997) Subjects
referenced include Healthcare industry; intangible assets; life
|Indemnification for Business Appraisers||
William H. Frazier, ASA "Indemnification for
Business Appraisers" (Vol. 41, Issue 1, June 1997) Subjects
referenced include appraiser liability; indemnification.
|Interpretation of Life Analysis for Appraisal Purposes||
Richard K. Ellsworth, ASA, PE, CFA, John S. Ferguson,
ASA, PE& "Interpretation of Life Analysis for Appraisal Purposes"
(Vol. 41, Issue 1, June 1997) Subjects referenced include estimating life
|Measuring Functional Obsolescence at Manufacturing Plants||
Robert H. Paschall, ASA "Measuring
Functional Obsolescence at Manufacturing Plants" (Vol. 1, Issue 1, March 1994)
Subjects referenced include functional obsolescence; manufacturing plants; unit
operating costs; effective age; remaining profitable life; excess operating costs;
awkward materials-handling system; inefficient plant layout; substandard wiring
or plumbing; antiquated machinery; curable; technological obsolescence; units of production; Appraising Machinery and Equipment;
Economic Obsolescence; replacement cost; reproduction cost; constant dollars;
indexed; economic life; average service life; survivor
curve; Dollar-Year Technique; discount rates.
|Patent Damages in the Multi-Competitive Market||
Jon Paulsen, Ph.D.,ASA "Patent Damages in the
Multi-Competitive Market" (Vol. 41, Issue 1, June 1997) Subjects
referenced include technology infringement; patent damages.
|Presentation on Nuclear Waste||
Judy Belz-Treichel "Presentation on Nuclear Waste" (Vol.
1, Issue 1, March 1994) Subjects referenced include nuclear energy; nuclear
waste; nuclear industry; public interest organizations; Yucca Mountain;
Department of Energy; ratepayers of nuclear utilities; reactor storage; national
deep geologic site; Great Basin; hydrology system; nuclear waste management
system; public fear; sociological researchers; stigma associated with a nuclear
waste; James Chalmers; above market risks; Goiania, Brazil; cesium chloride;
Waste Isolation Pilot Project; primary evidence was a public
|Responses to "Analytical Problems with the Weibull Distribution"||
John S. Ferguson, ASA "Responses to "Analytical
Problems with the Weibull Distribution"" (Vol. 42, Issue 1, June
1998) Subjects referenced include Retirement data,
survivor curve, probable life, Weibull distribution, linear regression, remaining life,
depreciation rate, Gompertz-Makeham curves.
|The Three Approaches to Value||
Gene Dilmore, ASA, MAI, SREA "The Three Approaches to
Value" (Vol. 1, Issue 1, March 1994) Subjects referenced include Get Back to
Basics; The Three Approaches to Value; Order; Chance; Beauty; negative
techniques; Michelangelo's basic technique; the parts fit; rational institution;
know how the market thinks; soft science; leave out; We look for the red dots;
possibility of occurrence of various combinations of the numbers; probabilities;
real-world likelihood; specific confidence levels; Quality Point Rating
valuation technique; Dilmore, "Replacement Cost New: The Precision Problem,"
Appraisal Review Journal, Winter 1981; built-in error; Charles Sanders Peirce;
sciences of measurement; probable error; certainty is a sure thing; Elegance is
the ultimate choice criterion; most aesthetically satisfying solution; most
probable solution; intuitive reactions; qualitative judgments; gut feelings;
Socrates; continuous logic; interpolative reasoning; fuzzy logic; James A.
Graaskamp; Generalized Allocation of Market Research Methods For Real Estate
|The Use and Misuse of CAPM in the Income Capitalization Approach to Unitaery Property Valuation||
Robert P. Schweihs, ASA, M.B.A, Robert F. Reilly, ASA, M.B.A. "The Use
and Misuse of CAPM in the Income Capitalization Approach to Unitaery Property
Valuation" (Vol. 41, Issue 1, June 1997) Subjects referenced include
CAPM;discount rate; capitalization rate; ad valorem.
McCloud B. Hodges, Jr. "Three Approaches" (Vol. 1, Issue
1, March 1994) Subjects referenced include James A. Graaskamp; approach; James
H. Burton's; Evolution of the Income Approach; Alfred Marshall; Arthur Mertzke;
Real Estate Appraising; National Association of Real Estate Boards (NAREB); The
Appraisal Journal; The Valuation of Property; James C. Bonbright; Frederick M.
Babcock; Land Economics Series; checks; market in which the property would be
sold; processes; correlating; reconciling; capital asset depreciation; 1929
stock market crash; Great Depression; David L. Montonna; judicial valuation;
replacement cost; capitalized income; American Real Estate and Urban Economics
Association (AREUFA); Byrl N. Boyce; sales comparison method; development cost
method; outlawed; Fruitgrowers Express Co. v. City of Alexandria; Virginia
Supreme Court; International Association of Assessing Officers IAAO); Appraisal
Institute; Earl Pack Marshall; Marshall
& Swift; Eighty Years of
Change; Federal Housing Act of 1954; Federal Highway Act of
1956; Wendt; Richard
U. Ratcliff; the most probable selling price; Dilmore; Appraisal
Standards Board of The Appraisal Foundation; Uniform Standards of Professional Appraisal
Practice (USPAP); Stanford
Law and Policy Review; Doug
Barnard; American Society of Appraisers; licensing/certification; Henry A. Babcock; Opinion of
the College of Fellows of the American Society
of Appraisers, on Definitions, Concepts and Principles of Appraisal Practice;
Valuation; Investment Property; Marketable Noninvestment Property; Service Property;
Joseph B. Hall; James E. Gibbons; Terrell Oetzel; owner value; value in use; The
Ethics of Appraising; summation appraisal; J. Alvin Register;
William N. Kinnard, Jr.; Sternnole; after-tax DCF
valuation; multiple regression analysis; Ramapo.
|Valuation of Patent Infringement Damages||
Jon Paulsen, ASA "Valuation of Patent Infringement
Damages" (Vol. 1, Issue 1, March 1994) Subjects referenced include infringemerit
of a patent or trademark; lost profits; lost royalties; 35 USCS Sec. 284;
Royalty Approach; lost cash flows; royalty rate; Enterprise Mfg. Co.
Shakespeare Co. and Panduit Corp. v. Stahlen Bros.; Georgia-Pacific v.
U.S. Plywood Corp.; license agreements; adjustments; variable rate;
profitability; profit margin; value in use; Consolidated Rubber Tire Co. v.
Diamond Rubber Co.; Financial Model Method (FMM); intangible; PV of development
costs; PV of royalty income; PV of Sales X royalty rate; Lost Profits Damage
Analysis; infringing activity; gross profit; operating profit; W.H. Miner Inc.
v. Peerless Equipment Co.; Triplex Safety Glass Co. v. Pittsburgh Plate Glass
Co.; price pressure resulting from the competition; economize on labor and
material costs; interest on damages.
|Valuation of Preferred Capital Stock For Business Enterprises||
Lawrence F. Sherman, Ph.D., ASA,
IFAC "Valuation of Preferred Capital Stock For Business Enterprises"( Vol.
1, Issue 1,
March 1994) Subjects referenced include closely held private corporations;
preferred stock; securities; common stock; Revenue Ruling 59-60; estate and gift
taxation; business valuation;
Revenue Ruling 83-120; dividend rate;
hedonic pricing model; going concern basis; Dewing; stockholder; bondholders; cumulative shares;
noncumulative shares; liquidation preference; Dilution; voting; VanArsdell; Smith
and Warner; Houston and Houston; Williams; Investment value; Quiqley; Lancasterian
Model; Edmonds; Moody's Bond Record; Moody's Handbook; Standard
and Poor's Stock Guide; ISL Daily Stock Guide; functional form; Halvorsen and Pollakowski; Box-Cox
transformation; Zarembka; SHAZAM; statistics; Marketable Minority Interest Value;
Controlling Interest Value; Nonmarketable Minority Interest; Linn
and Pinegar; yield capitalization approach.
|Valuation of Tangible and Intangible Assets as Part of a Transfer Pricing Analysis||
Thomas J. Milon, Jr., ASA, CFA, Robert F. Reilly, ASA,
M.B.A. "Valuation of Tangible and Intangible Assets as Part of a Transfer
Pricing Analysis" (Vol. 41, Issue 1, June 1997) Subjects referenced
include intercorporate transfer price; tangible assets; intangible assets;
transfer price analysis.
|Valuation Requirements for Charitable Contribution Deductions||
Robert F. Reilly, ASA, M.B.A. "Valuation
Requirements for Charitable Contribution Deductions" (Vol. 41, Issue 1,
June 1997) Subjects referenced include charitable contributions; IRS;
Omnibus Budget Reconciliation Act.
|Whose Fair Market Value Is It Anyway?||
Jay E. Fishman, ASA, CBA, M.A., M.B.A. Bonnie
O'Rourke, ASA, M.B.A. "Whose Fair market Value Is It Anyway?" (Vol.
41, Issue 1, June 1997) Subjects referenced include marital dissolution;
definition of value; fair market value.