Should i buy or should i rent Essay Example | Topics and Well Written Essays - 3000 words

Should i buy or should i rent - Essay Example Therefore, the main objective of monetary theory analysis is to understand how to analyze and communicate findings of various investment projects. Consequently, this essay discusses the process project evaluation, techniques of evaluation, theory of interest rate, real situation of mortgage business in United Kingdom specifically the interest rates and other important figures. In the end I attempt to answer a question on whether to buy a home or rent a house. I use the conventional methods of evaluating new ventures to arrive at a decision of buying a house. Capital investments involve spending money on assets that are used to make the business operational. These monies go into meeting the demands of the project. Such demands include wages, utilities costs, land, rent and equipment. This often require colossal amount of startup capital which may be borrowed, raised through equity or saved from earnings. Since money is an important limited resource, the decision to invest on a project must be backed by evidence of profitability and cost benefit analysis. It is important to note that most capital investment are long term and good choice of project is critical. Besides, other factors like amount of capital which eventually determines the type of project must also be considered. Attention should also be given to risk associated with the business and the payback time, whether long term or short term. It is important to note that the question about best investment choices has no straight forward answer. In other words there is no guarantee that the best investment analyst will advise precisely on the future prospect of the project. It all depends on both macro and micro economic factors prevailing at the moment. Therefore, it the duty of the investor to evaluate the cost and benefits associated with the project. Although it is not easy to pinpoint a specific way to deal with this challenge, various methods of determining project viability are available. The two most commonly used techniques are net present value (NPV) and internal rate of return (IRR). These techniques involves finding out the projected cash flows and costs. Nevertheless, the net present value is considered superior to internal rate of return because in some instances a high yield rate does not mean the business is profitable. Internal return rate is based on already determined discount rate which may be not be accurate (Gaylon and Philip 2003). The net present value indicates the value of the business today. It takes into consideration all cash flows and the duration values. These include the initial startup capital and future incomes. The inflows are assigned positive values while outflows are given negative values. For instance if the initial outlay is ? 100,000, this will be considered negative when computing net cash inflow. This because this money has been used to finance the project operation and is not part of income earned from the project. When all these values are co mbined, the result gives the net value of the project. In cases where the investor can establish the amount of money flowing in or out at specific fixed time, the money is treated as rate of cash flow. For instance, a landlord who collect ? 3,000 from rents, has a rate of cash inflow rather than cash inflow. The net cash flow ct at specific time = cash inflows at time t – cash outflows at time t The net rate of cash flows in unit time = net

Intellectual Property Law Research Paper Example | Topics and Well Written Essays - 1250 words

Intellectual Property Law - Research Paper Example Intellectual Property Law In Two Pesos, the trade dress in contention was the â€Å"look and feel† that Taco Cabana, a successful chain of Mexican restaurants, had established over the years and which was allegedly copied by Two Pesos, a Mexican restaurant chain owned by a person who once approached the owners of Taco Cabana offering to take the restaurant’s concept nationwide, but was rejected. The â€Å"look and feel† allegedly copied includes the 24-hour patio cafà © concept, building and other features architecture, open kitchens and menu boards, among others. Taco Cabana brought an action for trade dress infringement and was granted relief by the trial court, a decision upheld by the Court of Appeals. On appeal, the SC harmonize the requirements between registered and unregistered marks stating that the requirements for the registrability of trademarks are also the same requirements in determining whether unregistered marks are entitled to protection. More significantly, the SC ruled that acquisition of secondary meaning of a trade dress is not necessary in cases where the trade dress is inherently distinctive. Accordingly, the Court ruled that it is inappropriate to impose upon inherently distinctive trade dress the requirement of secondary meaning on the following grounds: there is no rationale for enforcing additional requirements on trade dress because protection for both trademark and trade dress under the Lanham Act serves the same purpose of preventing both unfair competition and fraudulence.; the provision on trade dress in the Lanham Act, viz. s 43(a), does not justify a departure from traditional and established trademark test, and; imposing upon a trade dress the additi onal requirement of secondary meaning even if the trade dress is found to be inherently distinctive is contrary to the underlying objective of the Lanham Law which is the protection of both consumers and trademark holders. In Qualitex, the trade dress in issue was the green-gold color, which was plaintiff Qualitex’s color of its dry cleaning pads, a product it had been selling for more than thirty years. The defendant company began manufacturing and selling dry cleaning pads with the same color as that of Qualitex, a move that prompted the latter to bring an action for unfair competition against Jacobson before the courts and subsequently added trademark infringement after it successfully registered its dry pad color with the Patent and Trademark Office during the pendency of the case. The trial court decided in favor of Qualitex; the Court of Appeal reversed that decision on the ground that color per se is not registrable as trademark. This decision was not upheld by the SC on the ground that trademark is a broad term that comprises anything capable of giving meaning, according to the s 1127 of the USC Code, such as color. Section 45 of the Lanham Act requires the elements of ability to identify and distinctiveness as to the source of goods as requirements to registrability. Although color is not inherently distinctive, the SC asserted that it could acquire secondary meaning from frequent use over a long period of time that such color could represent, in the public mind, the identity