Psychology Discussion Question: (Answer the following question below) Why were the psychoanalytically-based explanations of autism, such as those of Bettelheim and Mahler, taken seriously in the 1950s and 1960s? Why have psychoanalytic/psychotherapeutic approaches to understanding autism (see, for example, Tustin, 1981/1995, 1991) continued to have a role in treating children and adults with ASD and supporting their families?

 

1. Increased leverage allows companies to control more assets and increase their ROE. What’s bad about leverage?
2. It reduces productivity, which can decrease overall

ROE.

1. Leverage-based profits are not cash-based and are

ignored by finance.

1. Leverage multiplies losses, too, as it increases a

company’s risk

1. There is nothing bad about leverage—using other people’s money is a good way to increase the value of the company.
2. What types of companies are more likely to have

high leverage?

1. Companies with high growth opportunities in new

industries

1. Companies in stable, predictable industries with

reliable cash flows

1. Technology companies
2. Companies with low profitability
3. In 2009, Warren Buffett invested $3 billion in Dow Chemical, via an issuance of preferred stock. Which of the following is

not an advantage of preferred

stock to the owner of the preferred stock?

1. In the case of bankruptcy, preferred stockholders

get paid before common stockholders.

1. Even when common stockholders get no

dividends, preferred stockholders may get

dividends.

1. Preferred stock is associated with ownership in the

company, unlike debt.

1. Preferred stock dividends must be in even-

numbered percentages (2 percent, 4 percent, etc.).

4. Which of the following is least likely to be listed as an asset on a balance sheet?
5. Gilead Sciences Inc.’s patent for the highly profit-

able hepatitis C treatment it developed in-house

1. Google’s corporate headquarters
2. Payments owed to Ford Motor Company by dealer-

ships for the purchase of cars

1. The $42 billion in Facebook’s bank accounts at

year-end 2017

5. Which of the following companies is most likely to have the highest inventory turnover?
6. Subway, a fast-food restaurant company
7. Books-A-Million, a bookstore chain
8. Whole Foods, a grocery store
9. British Airways, an airline
10. Which ratio is a distinguishing feature of retail companies?
11. High ROE
12. Low receivables collection period
13. High inventory turnover
14. High total debt/total assets
15. BHP Billiton is one of the world’s largest mining companies, and accounts receivable make up 21 percent

of its total assets (in 2016). Which of the following

companies is most likely to owe BHP Billiton money

as part of BHP Billiton’s accounts receivable?

1. Bank of America, a global bank
2. Mining Recruitment Agency, a recruiter for em-

ployees specialized in mining

1. Sysco, a food distributor
2. United States Steel Corporation, a steel manufacturer
3. Which of the following constituencies care most about a company’s current ratio?
4. Its stockholders
5. Its suppliers
6. Its competitors
7. Its customers
8. True or false: a high ROE is always a good thing.
9. True
10. False
11. Home Depot, a home improvement supply store, issued $2 billion in debt in late 2016. What is the main difference between debt and other liabilities,

like accounts payable?

1. Debt carries an explicit interest rate.
2. Debt represents ownership in the company.
3. Debt is a residual claim.
4. Debt is only owed to suppliers