Question: Company X stopped taking on more debt, and decided to file for bankruptcy, while company Y, kept benefiting from the tax benefits of debt, having a lower debt level. Which company had less problems with stockholders fighting, company X or company Y? Hint: The trade-off theory of capital structure is the idea that a company chooses how much debt finance and how much equity finance to use by balancing the costs and benefits. The classical version of the hypothesis goes back to Kraus and Litzenberger[1] who considered a balance between the dead-weight costs of bankruptcy and the tax saving benefits of debt. Often agency costs are also included in the balance. This theory is often set up as a competitor theory to the pecking order theory of capital structure. A review of the literature is provided by Frank and Goyal.[2] An important purpose of the theory is to explain the fact that corporations usually are financed partly with debt and partly with equity. It states that there is an advantage to financing with debt, the tax benefits of debt and there is a cost of financing with debt, the costs of financial distress including bankruptcy costs of debt and non-bankruptcy costs (e.g. staff leaving, suppliers demanding disadvantageous payment terms, bondholder/stockholder infighting, etc.). The marginal benefit of further increases in debt declines as debt increases, while the marginal cost increases, so that a firm that is optimizing its overall value will focus on this trade-off when choosing how much debt and equity to use for financing.
Answer: company Y

[Q]: Berg village and Hill village are renowned for the high number of cyclists living there. Berg village dealt with many traffic casualties because of narrower streets and lanes, While Hill village had wide streets, more traffic signals and a greater number of cyclists. Which village had a smaller number of cyclists? Hint: Turner et al (2006) derived crash prediction models for this report's predecessor and found a pronounced 'safety in numbers' effect in the models. Using the crash prediction model for mid-block locations, generic motorist and cyclist volumes can be used to demonstrate the impacts on the expected crash rate of varying motor vehicle and cycle volumes. As shown in figure 2.20, an increase in the proportion of cyclists to the overall traffic volume causes an increase in expected crashes at mid-block locations, but the crash rate increases at a decreasing rate. That is to say, the crash rate per cyclist goes down as the cycle volume increases.
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[A]: Berg

input: Please answer the following: Two brothers worked out a few times per week at the same gym. Tim got athlete's food from the gym, but Dan didn't. Which brother did not pick up the fungus from the floor of a public shower? Hint: Other pathogens spread when they get on objects or surfaces. A fungus may spread in this way. For example, you can pick up the fungus that causes athlete's foot by wearing shoes that an infected person has worn. You can also pick up this fungus from the floor of a public shower or other damp areas. After acne, athlete's foot is the most common skin disease in the United States. Therefore, the chance of coming in contact with the fungus in one of these ways is fairly high.
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output: Dan

Please answer this: David was visiting Europe last summer. First he visited London. To his dismay, it was overcast all night. Then he flew to Rome. There the sky was as clear as you could get at night. David was very happy about it. In Rome, would less or more infrared radiaton be emitted at night than in London? Hint: Because of its temperature, the atmosphere emits infrared radiation. For example, on clear nights Earth's surface cools down faster than on cloudy nights. This is because clouds (H2O) are strong absorbers and emitters of infrared radiation. This is also why it becomes colder at night at higher elevations.
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Answer: less

Problem: Two colleagues studied at the same university. Nick studied the brains of birds, while Joe studied the brains of mammals. Which colleague studied less about complex brain functions? Hint: The brains of all mammals have a unique layer of nerve cells covering the cerebrum. This layer is called the neocortex (the pink region of the brains in Figure above ). The neocortex plays an important role in many complex brain functions. In some mammals, such as rats, the neocortex is relatively smooth. In other mammals, especially humans, the neocortex has many folds. The folds increase the surface area of the neocortex. The larger this area is, the greater the mental abilities of an animal.

A: Nick

input: Please answer the following: Dan is a geneticist and studied two villages from 2,000 years ago. Village A displayed traces of a large population that grew larger over the years, while village B had a small and declining population and was more isolated geographically. Which village displayed a reduced gene pool? Hint: Declines in population size can result in a loss of genetic diversity, and owing to genetic variation's role in the evolutionary potential of a species, this could in turn result in an observable Allee effect. As a species' population becomes smaller, its gene pool will be reduced in size as well. One possible outcome from this genetic bottleneck is a reduction in fitness of the species through the process of genetic drift, as well as inbreeding depression. This overall fitness decrease of a species is caused by an accumulation of deleterious mutations throughout the population. Genetic variation within a species could range from beneficial to detrimental. Nevertheless, in a smaller sized gene pool, there is a higher chance of a stochastic event in which deleterious alleles become fixed (genetic drift). While evolutionary theory states that expressed deleterious alleles should be purged through natural selection, purging would be most efficient only at eliminating alleles that are highly detrimental or harmful. Mildly deleterious alleles such as those that act later in life would be less likely to be removed by natural selection, and conversely, newly acquired beneficial mutations are more likely to be lost by random chance in smaller genetic pools than larger ones.Although the long-term population persistence of several species with low genetic variation has recently prompted debate on the generality of inbreeding depression, there are various empirical evidences for genetic Allee effects. One such case was observed in the endangered Florida panther (Puma concolor coryi). The Florida panther experienced a genetic bottleneck in the early 1990s where the population was reduced to 25 adult individuals. This reduction in genetic diversity was correlated with defects that include lower sperm quality, abnormal testosterone levels, cowlicks, and kinked tails. In response, a genetic rescue plan was put in motion and several female pumas from Texas were introduced into the Florida population. This action quickly led...
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output:
village B