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ing the Price-to-Sales ratio, we multiple Vaporware s sales of $75 million (B19) times the average P/S ratio of 0803 (C19, transferred from F14) to calculate an indication of FMV of $6,020,000 (D19) We then repeat the same procedure with Vaporware s net income and book value in rows 20 and 21, which result in indications of FMV of $9,482,667 (D20) and $6,640,000 (D21)1 Which is the right Fair Market Value The truth is, none of them will ever be exact, since valuation is almost always imprecise We are financial analysts whether professional or amateur dealing with incomplete and sometimes conflicting information that is changing and evolving over time However, even though it will never be divine truth, we still have to do our best to calculate FMV Suppose we subjectively decide based on education, training, experience, and judgment that we feel net income is the most important measure, and the sales and book value are less important We might select weights of 25 percent for sales and book value (E19 and E21) and 50 percent (E20) for net income We then multiply the indication of FMV in column D by the weighting in column E to calculate the weighted (indication of) FMV in column F Thus, $6,020,000 025 $1,505,000 (D19 E19 F19) Similarly, we do the same procedure in rows 20 and 21 Finally, we add F19 F20 F21 $7,906,333 (F22) This is an example of calculating the indication of FMV using the Guideline Public Company Method To finish off the valuation, we would proceed to calculate the indication of FMV for each method we use, decide on a weighting among methods, and calculate the weighted average of those in order to calculate the our actual opinion of Fair Market Value2 It is also appropriate to round off the answer to the nearest $1000 or even $10,000, since it s ridiculous to pretend that valuation of an operating.

Understanding tab bars Using the Tab Bar Application template Creating an application that uses a tab bar Adding tabs to a tab bar Customizing a tab bar

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To show mighty BOOL in action, we move on to our next project, 02.02 - BOOL Party, which compares pairs of integers to see if they re different. Aside from main(), the program defines two functions. The first, areIntsDifferent(), takes two integer values and returns a BOOL: YES if the integers are different and NO if they are the same. A second function, boolString(), takes a BOOL parameter and returns the string @"YES" if the parameter is YES and @"NO" if the parameter is NO. This is a handy function to have around when you want to print out a human-readable representation of BOOL values. main() uses these two functions to compare integers and print out the results. Creating the project for BOOL Party is exactly the same process as making the project for Hello Objective-C: 1. Launch Xcode, if it s not already running. 2. Select New Project from the File menu. 3. Choose Command Line Utility on the left and Foundation Tool on the right. 4. Click Choose. 5. Type BOOL Party as the Project Name, and click Save. Edit BOOL Party.m to make it look like this:

tab bar consists of two or more tabs along a window s bottom Each tab contains a view controller As a user selects a tab, the tab loads its view controller, which in turn loads and displays its associated view In this chapter, you explore creating tabbed applications In the first task, you create a tabbed application using Xcode s Tab Bar Application template After examining this template s results, you manually add a third tab to the tab bar In the next task, you start with a Window-based Application template and create a two-tab application In this task, you solidify your understanding by manually duplicating the steps taken by the Tab Bar Application template The chapter s final task illustrates allowing users to customize a tab bar s tabs when it contains five or more tabs

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