The value of a business is not directly determined by its historic performance. Instead, investors are more interested in the economic benefits the business will generate in the future. Past performance is only relevant to the extent that it demonstrates trends and is expected to continue going forward. This forward-looking approach applies whether an appraiser uses the…
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A New Chapter on College Financial Aid
Financially savvy parents of college students should generally take the time to complete the Free Application for Federal Student Aid (FAFSA) each year. Students must file their FAFSA for the 2022–2023 academic year between October 1, 2021, and June 30, 2023. This means there’s still time to file a FAFSA for the 2021–2022 school year. Special…
Computing Economic Damages
Financial experts are often hired to measure economic damages in contract breach, patent infringement and other tort claims. Here’s an overview of how experts quantify damages, along with some common pitfalls to avoid. Estimating Lost Profits Where would the plaintiff be today “but for” the defendant’s alleged wrongdoing? There are three ways experts address that question:…