The earnings, dividends, and stock price of Shelby Inc. are expected to grow at 3% per year in the future. Shelby's common stock sells for $24.00 per share, its last dividend was $2.00, and the company will pay a dividend of $2.06 at the end of the current year.

1. Using the discounted cash flow approach, what is its cost of equity? Round your answer to two decimal places.
   %
   
2. If the firm's beta is 1.2, the risk-free rate is 4%, and the expected return on the market is 12%, then what would be the firm's cost of equity based on the CAPM approach? Round your answer to two decimal places.
   %
   
3. If the firm's bonds earn a return of 8%, then what would be your estimate of rs using the own-bond-yield-plus-judgmental-risk-premium approach? (Hint: Use the mid-point of the risk premium range.) Round your answer to two decimal places.
   %
   
4. On the basis of the results of parts a–c, what would be your estimate of Shelby's cost of equity? Assume Shelby values each approach equally. Round your answer to two decimal places.

The earnings, dividends, and stock price of Shelby Inc. are expected to grow at 8% per year in the future. Shelby's common stock sells for $25.50 per share, its last dividend was $1.50, and the company will pay a dividend of $1.62 at the end of the current year.

1. Using the discounted cash flow approach, what is its cost of equity? Round your answer to two decimal places.
   _______ %
   
2. If the firm's beta is 1.3, the risk-free rate is 4%, and the expected return on the market is 13%, then what would be the firm's cost of equity based on the CAPM approach? Round your answer to two decimal places.
   _______ %
   
3. If the firm's bonds earn a return of 10%, then what would be your estimate of r_s using the over-own-bond-yield-plus-judgmental-risk-premium approach? Round your answer to two decimal places. (Hint: Use the midpoint of the risk premium range.)
   _____ %
   
4. On the basis of the results of parts a through c, what would be your estimate of Shelby's cost of equity? Assume Shelby values each approach equally. Round your answer to two decimal places.
   ______ %

1. If you disagree with what everyone else in the group is saying, what should you do?
2. In this week’s notes, the seven steps of the reflective thinking method are provided. Choose a problem and outline how to solve the problem, using the seven steps.

1. define the problem
2. analyze the problem
3. establish criteria for evaluating a solution
4. generate possible solutions (brainstorming)
5. choose the best solution
6. implement the solution
7. evaluate the solution

IN C#

In 1954, Hans Luhn of IBM proposed an algorithm for validating credit card numbers. The algorithm is useful to determine whether a card number is entered correctly or whether a credit card is scanned correctly by a scanner. Credit card numbers are generated following this validity check, commonly known as the Luhn check or the Mod 10 check, which can be described as follows (for illustration, consider the card number 4388576018402626): 1. Double every second digit from right to left. If doubling of a digit results in a two-digit number, add up the two digits to get a single-digit number. 2. Now add all single-digit numbers from Step 1. 4 + 4 + 8 + 2 + 3 + 1 + 7 + 8 = 37 3. Add all digits in the odd places from right to left in the card number. 6 + 6 + 0 + 8 + 0 + 7 + 8 + 3 = 38 4. Sum the results from Step 2 and Step 3. 37 + 38 = 75 5. If the result from Step 4 is divisible by 10, the card number is valid; otherwise, it is invalid. For example, the number 4388576018402626 is invalid, but the number 4388576018410707 is valid. Write a program that prompts the user to enter a credit card number as a long integer. Display whether the number is valid or invalid. Design your program to use the following methods: Use STRING as an input. Add methods

The Solomon Company uses a job costing system at its Dover, Delaware plant. The plant has a machining department. Its job costing system has two direct cost categories (direct materials and direct manufacturing labour) and two manufacturing overhead cost pools (the machining department, allocated using machine hours and the finishing department, allocated using manufacturing labour costs). The 2002 budget for the plant is

                                                              Machining Dept.                                       Finishing Dept.

Manufacturing overhead                                            $10,000,000                                                        $8,000,000          

Direct manufacturing labour cost                              $900,000                                                              $4,000,000

Direct Manufacturing labour hours                          30,000                                                                   160,000

What is the budgeted overhead rate that should be used in the machining department? In the finishing department?

During the month of January, the cost record for job 431 shows the following:

                                                                                    Machining department                             Finishing Dept.                                                                                                                                                                                                                 

Direct materials used                                                     $14000                                   $3000

Direct manufacturing labour costs                            $600                                             $1250

Direct manufacturing labour hours                          30                                                  50

Machine hours                                                                  130                                          10

What is the total manufacturing overhead allocated to job 431?

Assume that job 431 consisted of 20 units of product, what is the unit product cost?

Balances at the end of 2002 are as follows:

Machining Dept.Finishing Dept.

Manufacturing overhead incurred $11,200,000$7,900,000

Direct manufacturing labour costs$950,000$4,100,000

Machine hours220,00032,000

Compute the manufacturing overhead variance for each department and for the Dover plant as a whole.

Suppose that six cards are selected at random from a standard 52-card deck, what is the probability that two of the selected cards are less than 5 and neither of them is black and two cards are greater than 10 neither of them is red, and the last two cards are any cards?

Given any positive integer n, the hailstone sequence starting at n is obtained as follows. You write a sequence of numbers, one after another. Start by writing n. If n is even, then the next number is n/2. If n is odd, then the next number is 3n + 1. Continue in this way until you write the number 1.

For example, if you start at 7, then the next number is 22 (3 × 7 + 1). The next number after 22 is 11.

• The hailstone sequence starting at 7 is [7, 22, 11, 34, 17, 52, 26, 13, 40, 20, 10, 5, 16, 8, 4, 2, 1] and its length is 17.

• The hailstone sequence starting at 6 is [6, 3, 10, 5, 16, 8, 4, 2, 1] and its length is 9.

• The hailstone sequence starting at 1 is [1] and its length is 1.

The Assignment

Write and test a C++ program that reads a number n from the standard input (after giving a suitable prompt) and then writes the following information on the standard output:

1. the entire hailstone sequence starting at n, all on one line, with the numbers separated by spaces;

2. the length of the hailstone sequence that starts with n;

3. the largest number in the hailstone sequence that starts with n;

4. an indication of whether the hailstone sequence that starts with n contains a number that is greater than 1000.

5. the length of the longest hailstone sequence that starts with a number from 1 to n;

6. the starting number of the longest hailstone sequence that starts with a number from 1 to n;

7. the largest number that occurs in any hailstone sequence that starts with a number from 1 to n.

8. the start value, from 1 to n, of the hailstone sequence that contains largest number reported in the previous step.

For this program, use loops. Do not use recursion. Use type int for all of the integers. Do not use any of

• arrays.
• call-by-reference,
• any features of the C++ Standard Template Library,
• default parameters,
• global or static variables

The main function must not contain any loops. You can use the <cstdio>, <iostream> and <algorithm> libraries for this assignment.

The output needs to be sensible and easy to read, not just numbers. It must follow the general template below, with all numeric results lined up (approximately) vertically. Each part of the output should be on a separate line. Parts in black are written by the program.

  What number shall I start with?  7
  The hailstone sequence starting at 7 is:
  7 22 11 34 17 52 26 13 40 20 10 5 16 8 4 2 1
  Sequence length:                                      17
  Largest number:                                       52
  Contains a number >1000?                              no
  Greatest length starting with 1 to 7:                 17
  Start value of sequence of length 17:                  7
  Largest value in a sequence starting with 1 to 7:     52
  Start value of sequence containing 52:                 7

The owner of Maumee Ford-Volvo wants to study the relationship between the age of a car and its selling price. Listed below is a random sample of 12 used cars sold at the dealership during the last year.

1-Determine the regression equation.

a=

b=

2- Estimate the selling price of an 7-year-old car (in $000).

3-Interpret the regression equation (in dollars).

For c++, please do not recycle other peoples code as they do not satisfy the requirements.

Write a program for sorting a list of integers in ascending order using the bubble sort algorithm.

Requirements
Implement the following functions:

1. Implement a function called readData
   int readData( int *arr)
   arr is a pointer for storing the integers. The function returns the number of integers.
   The function readData reads the list of integers from a file call data.txt into the array arr. The first integer number in the file is the number of intergers. After the first number, the file lists the integers line by line.
2. void bsort(int *arr, int last)
   arr is a pointer to an array of integers to be sorted. last is the number of elements in the array. The function bsort sorts the list of integers in ascending order.
3. writeToConsole(int * arr, int last)
   arr is a pointer to an array of integers. last is the number of elements in the array. The function writeToConsole displays the sorted list.
4. Do not use the array notation in your solution.

Here is the content of the file data.txt.
9
8
4
7
2
9
5
6
1
3

Then reimpelment a function called bubble_sort that has the following prototype.

bubble_sort(int *array, int size, pointer to a function)
Pre condition
array - a pointer to an array of size element.
pointer to function - a pointer to a function that compares two values (depending on sorting in ascending order or descending order)
Post condition
Sort the array in ascending or descending based on the the pointer to a function.

Write the main function to perform the following:

• Dynamic input array of n integer elements
• Call the function bubble_sort to sort the array in ascending
• Display the sorting array.
• Call the function bubble_sort to sort the array in descending
• Display the sorting array.