Ahostile takeover is said to occur when another corporation or group of investors gains voting control over a firm and replaces the old managers. if the old managers were managing the firm inefficiently, then hostile takeovers can improve the economy. however, hostile takeovers are controversial, and legislative actions have been taken to make them more difficult to undertake.

a) true
b) false

Which of the following best describes why you need to establish goals for your program?

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?