For each problem, perform the following steps. Assume that all variables are normally or approximately normally distributed.

1. State the hypothesis and identify the claim.

2. Find the critical value(s).

3. Compute the test value.

4. Make the decision.

5. Summarize the results.

4. According to the 2005-2006 National Pet Owners Survey, only 16% of pet dogs were adopted from an animal shelter and 15% of pet cats were adopted. To test this difference in proportions of adopted pets, a survey was taken in a local region. Is there sufficient evidence to conclude that there is a difference in proportions? Use α = 0.05. [4]

The annual data on stock prices and dividends for Microsoft Corporation(MSFT) is as follows:

Year Price (Beginning of the Year) Price (End of the Year) Dividends (End of the Year )

2005 26.28 28.15 0.29

2006 28.15 30.86 0.33

2007 30.86 32.60 0.37

2008 32.60 17.10 0.41

2009 17.10 28.18 0.46

2010 28.18 27.73 0.55

2011 27.73 29.53 0.68

2012 29.53 27.45 0.83

2013 27.45 37.84 0.97

2014 37.84 46.45 1.15

What will be the IRR if the stock is bought at the beginning of 2010 and sold at the end of 2014?

19.14%

9.72%

13.24%

12.87%

What does it mean for a company to have a "staggered board of directors?"

A. Only a portion of the directors are elected each year. Thus, replacing the entire board takes some years to accomplish. This is one of the available shark repellents.

B. Members of the board come from shareholders, outside of the company, and from officers.

C. The board members serve staggered terms of years (e.g., 1 year or 2 years or 3 years), depending on their availability to serve. Such a flexible method of appointing board members is one way to encourage talented individuals to serve.  

D. A staggered board of directors is a board that operates through the use of staggered committees, such as the compensation or the bylaws committees.   

The Business Judgment Rule

A.does require decisions to be made in the best interests of all stakeholders.

B. does require decisions to be made in the best interests of the corporation.

C. does not require good faith.

D. will not protect board members from decisions that harm the company

Which of the following laws regulates tender offers of publicly traded companies?

A. The Williams Act

B. The Hatch Act

C. The Colburn Act

D. The Taft Act

An antitakeover device that interferes with an outsider's ability to buy a company's stock is known as what?

A. Asset Lockup

B. Tender Offer

C. Poison Pill

D. Greenmail

5. You are estimating the beta for a private firm that manufactures home appliances. You have betas of the firm that are publicly traded that also manufacture home appliances. Firm Beta Debt MV of Equity Fedders 1.20 5 200 Maytag 1.20 540 2,250 National 0.70 8 300 The private firm has a debt/equity ratio of 25% and a tax rate of 40%. The other firms also have a tax rate of 40%.

a. Estimate the beta for the private firm.

b. what are some of the concerns about using the betas of comparable firms

e) The latest US Tax code change placed special emphasis on lowering the corporate tax rate. If that were the only force to consider (such as agency and information for instance along with other tax concers) were relevant, what changes would you expect to see in corporate leverage in the country?

f) You are always worse off going after a privately held firm as opposed to a publicly traded firm since the small number of owners in the former case will be more powerful and able to extract a higher premium in the acquisition. True or False. Please Explain.      

need to check my answers

On November 1, 2017, the account balances of Hamm Equipment Repair were as follows.

During November, the following summary transactions were completed.

___________________________________________________________________

e.)Adjustment data consist of:

Journalize the adjusting entries.

Post the adjusting entries

f.)Prepare an adjusted trial balance.