what are the major types of firms in the investment banking industry? briefly describe each.

Answers

Answer 1

The investment banking industry is comprised of various types of firms that provide financial services to corporations, governments, and individuals. Here are some of the major types of firms in the investment banking industry and their brief descriptions:

1. Bulge Bracket Banks: These are the largest investment banks that offer a wide range of services such as underwriting, mergers and acquisitions (M&A), sales and trading, and asset management. These banks have a global presence and typically cater to large corporations and institutional clients.

2. Boutique Banks: Boutique investment banks are smaller in size compared to bulge bracket banks and focus on specific industries or services. They offer specialized expertise and personalized services to clients. Boutique banks may focus on M&A, restructuring, or debt and equity financing.

3. Commercial Banks: Commercial banks provide traditional banking services such as deposits, loans, and credit facilities, but they also have investment banking divisions that offer services like underwriting and advisory services. Commercial banks have a wider customer base and often provide services to small and medium-sized enterprises (SMEs) and individuals.

4. Private Equity Firms: Private equity firms invest in private companies and often acquire a controlling stake in them. They provide capital to the companies they invest in and work closely with management to improve their operations and financial performance.

5. Hedge Funds: Hedge funds are investment firms that pool capital from investors and use advanced investment strategies to generate returns. Hedge funds often invest in alternative assets such as derivatives, commodities, and real estate.

Each type of firm in the investment banking industry has its unique strengths and serves a different client base. Understanding the differences between these firms can help clients choose the right investment bank for their needs.

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Related Questions

lollllaoqlqlwlwkwjebsnan

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The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.

Using Conservation of Angular Momentum we can find the new rotation of the earth.

L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.

5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega

-> solve for omega = 7.292115899502489e-05

This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.

If an individual has a credit score of 560 and they pay their credit card late once or twice, what might they expect a credit card company to do?(1 point)

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If an individual has a credit score of 560 and they pay their credit card late once or twice, the  credit card company may score them low credit score.

What is credit score?

Credit score can be defined as what help to measure the credit worthiness of a person as it help to determine whether a person will pay his/her  loan within a stipulated time or late.

A late payment credit card may tend to have negative impact on the a person based on the  fact that it can lead to the credit card  company to score the person low which inturn will affect the person creditworthiness.

Therefore  the  credit card company  may score them low credit score.

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Çinar Company owned by Şerafettin Yapıcı produces cast-iron ingots based on three months plan. We have the following demand and total capacity forecasts for the next months. Also we know the unit costs for inventory carrying, subcontracting capacity, regular and overtime working costs. Based on above information: - Prepare the aggregate planning table by calculating units costs for each cell (10 points) - Place the right production amount from each choice of production method for the next three months following the algorithm we learned in classroom. (10 points)

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To effectively plan the production for the next three months, we need to consider the demand and total capacity forecasts, as well as the unit costs for inventory carrying, subcontracting capacity, regular working costs, and overtime working costs. By calculating the unit costs for each cell in the aggregate planning table and following the appropriate algorithm, we can determine the optimal production amounts for each choice of production method.

To begin, we would analyze the demand and total capacity forecasts for the next three months. Based on these forecasts, we would calculate the unit costs for each cell in the aggregate planning table, taking into account factors such as inventory carrying costs, subcontracting capacity costs, regular working costs, and overtime working costs. These calculations would help determine the most cost-effective production method for each month.

Using the algorithm learned in the classroom, we would evaluate the available production methods, considering factors such as inventory levels, subcontracting options, regular and overtime working capacities, and associated costs. By applying the algorithm, we can identify the appropriate production amounts for each month that align with the company's capacity and minimize costs.

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Dan wants to create a report that contains all fields from a table. Which option on the create tab should he utilize?

Answers

Answer:

Blank Report

Explanation:

Which aspect is an essential feature of a joint venture between two companies that come together for global trade?

A.
shared production facilities
B.
shared marketing staff
C.
shared workspaces
D.
joint equity ownership

Answers

Answer:

D.  joint equity ownership

Explanation:

The aspect that is an essential feature of a joint venture would be joint equity ownership. That is because in a joint venture all parties combine all of their resources and share in both the liability and profits of the company. Joint Equity Ownership is the main part of this as it explains how these companies joint their assets in order to make as much profit as possible from their business venture.

Which of the following is included in proven approaches to winning a sustainable competitive advantage? check all that apply O Developing a low-cost-based advantage Creating a broad differentiation-based advantage O Focusing on a narrow market niche within an industry O Developing a best-cost provider strategy O Crafting a broad-cost provider strategy

Answers

The tried-and-true methods for gaining a long-lasting competitive advantage include developing low-cost advantages, broad differentiation advantages, narrow market niche strategies, best-cost provider strategies, and broad-cost provider strategies.

To achieve a sustainable competitive advantage, a company needs to develop a strategy that sets it apart from its competitors and allows it to maintain its advantage over time. The five approaches mentioned above are proven methods that companies can use to achieve this goal. Developing a low-cost-based advantage involves finding ways to produce goods or services at a lower cost than competitors, which allows a company to offer lower prices or higher margins. Creating a broad differentiation-based advantage involves developing unique products or services that are different from those of competitors, which can create customer loyalty and reduce price sensitivity. Focusing on a narrow market niche within an industry involves identifying a specific segment of customers and tailoring products or services to meet their needs, which can create a loyal customer base.

1. Developing a low-cost-based advantage: This approach aims to provide products or services at a lower cost than competitors, giving you an edge in price-sensitive markets.

2. Creating a broad differentiation-based advantage: This strategy focuses on making your products or services unique and appealing to a broad range of customers, allowing you to charge a premium price and gain customer loyalty.

3. Focusing on a narrow market niche within an industry: This approach targets a specific, narrow market segment, catering to their unique needs and preferences, which enables you to dominate that niche and reduce competition.

4. Developing a best-cost provider strategy: This strategy combines the low-cost and differentiation approaches, offering unique products or services at a competitive price, giving you an edge over competitors who only focus on one of these aspects.

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ABC Company issued a bond with face value for $1000, paid annual 10% coupon and 3 years to maturity, what is the value of ABC bonds today if the required rate of return is 12%.

Answers

Answer:

The value of Bond = $951.963

Explanation:

The value of the bond is the present value(PV) of the future cash receipts expected from the bond. The value is equal to present values of interest payment plus the redemption value (RV) discounted at the yield rate

Value of Bond = PV of interest + PV of RV

Th e PV of interest payment

A ×(1- (1+r)^(-n))/r

Interest payment = 10%× 1000 = 100

PV = 100× (1- 1.12^(-3))/0.1 =  240.183126

PV of redemption value

PV = RV× (1+r)^(-n)

PV = 1000× 1.12^(-3) = 711.7802

The value of bond =   240.18 +  711.78= 951.963

The value of Bond = $951.963

What are some ways in which bondholders protect themselves from the selfish strategies of shareholders?

Answers

Bondholders employ various strategies to protect themselves from the selfish actions of shareholders, including the use of restrictive covenants, collateralization, and credit ratings.

Bondholders employ several mechanisms to safeguard their interests and mitigate the risks associated with the selfish strategies of shareholders. One common method is the inclusion of restrictive covenants in bond agreements. These covenants outline specific limitations and requirements that the company must adhere to, such as restrictions on issuing additional debt, limitations on dividend payments, and requirements for maintaining certain financial ratios. By imposing these conditions, bondholders aim to prevent shareholders from taking actions that could harm the company's ability to meet its debt obligations.

Another way bondholders protect themselves is through collateralization. When issuing bonds, companies may pledge specific assets as collateral, which can be seized and sold in the event of default. This provides bondholders with a form of security and increases the likelihood of recovering their investment.

Additionally, bondholders rely on credit ratings provided by independent rating agencies. These ratings assess the creditworthiness and financial stability of the issuer, giving bondholders insight into the risk associated with investing in a particular bond. By considering credit ratings, bondholders can make informed decisions and choose bonds issued by companies with a lower risk of default.

These strategies help bondholders mitigate the risk of shareholder actions that may prioritize their own interests at the expense of bondholders. By implementing protective measures, bondholders seek to safeguard their investments and ensure a higher level of security and repayment certainty.

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A supermarket building was purchased for $567,000. The down payment was 12%. The balance was financed at 7.97% for 25 years. Find the montly payment is

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The monthly payment for the supermarket building is approximately $3,667.63. To find the monthly payment for a supermarket building, the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]

we will need to make use of the following formula: Monthly payment = P[r(1+r)^n/((1+r)^n)-1)]

where P = the principal,

r = the interest rate per month, and

n = the total number of months.

We will calculate the values of P, r, and n using the information provided in the problem statement:

Down payment = 12% of $567,000 = 0.12 × $567,000 = $68,040

Principal = $567,000 − $68,040 = $498,960

Interest rate per year = 7.97%

Number of years = 25Number of months = 25 × 12 = 300To convert the interest rate per year to the interest rate per month, we will divide by 12:

Interest rate per month = 7.97% ÷ 12 = 0.6642% Plugging in these values into the formula, we get:

Monthly payment = $498,960[0.006642(1+0.006642)^300/((1+0.006642)^300−1)]

Monthly payment = $3,667.63.

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thanks im so confused with this question -20x+27=

Answers

For example, if x = 2, then: -20(2) + 27 = -40 + 27 = -13. So, when x is 2, the expression "-20x + 27" is equal to -13. We can substitute any other value for x and evaluate the expression in the same way.

What is substitution method?

Substitution is an algebraic method for solving systems of linear equations. As the name suggests, this method assigns the value of a variable from one equation to another.

In this way, pairs of linear equations are transformed into single-variable linear equations that can be easily solved.

Understand what algebraic and graphical methods are before using substitution methods to solve linear equations.

What is algebraic method?

Algebraic methods are a collection of methods used to solve a pair of linear equations in two variables.

In general, algebraic methods can be classified into three categories: replacement methods, elimination methods, and cross-multiplication methods.

What is graphical method?

Graphical methods, also called geometric methods, are used to solve systems of linear equations.

In this method, equations are designed based on objective functions and constraints. To solve the system of linear equations, this procedure went through various steps to get the solution.

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AI Tool and Dye issued 8% bonds with a face amount of $160 million on January 1, 2018. The bonds sold for $150 million. For bonds of similar risk and maturity the market yield was 9%. Upon issuance, AI elected the option to report these bonds at their fair value. On June 30, 2018, the fair value of the bonds was $145 million as determined by their market value on the NASDAQ. Will AI report a gain or will it report a loss when adjusting the bonds to fair value? If the change in fair value is attributable to a change in the interest rate, did the rate increase or decrease? Will the gain or loss be reported in net income or as OCI?

Answers

Answer and Explanation:

A will report the gain at the time when the bond is adjusted to the fair value as there is a reduction in the far value of the liabilities that occured the gain. In the case when the fair value is changed so there is also the changed in the rate of interest due to this the rate of interest is rised.

Here A would be reported the gain in the net income as there is the change in the rate of interest due to the change in the fair value

In the case when there is the chaneg in the fair value of the bond so this is because of the change in the credit risk and the same should be shown in the statement of the comprehensive income as other comphrensive income

Many companies are developing a formal statement of values and standards called a ________.

Answers

Many companies are developing a formal statement of values and standards called a code of conduct.

This document outlines the ethical principles and behaviors that employees are expected to follow in their interactions with colleagues, customers, and stakeholders. The code of conduct serves as a guide for decision-making, promoting integrity, respect, and compliance within the organization.

It often covers areas such as honesty, confidentiality, diversity, and conflict of interest. By implementing a code of conduct, companies aim to foster a positive work culture, build trust, and ensure that all employees align with the organization's mission and values.

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i will be your bsf (10pts)

anyone in a company who influences the behavior of other employees is acting as a ___.
A. executive
B. supervisor
C. leader
D. manager

A P E X

Answers

Answer:

I think it's c. leader or d. manager but I really it's the d. manager

Answer:

b. leader

Explanation:

Answer in 150 words

There are many different charts you can use in Excel to convey and analyze data, Pie, Line, and Funnel to name a few. What do you think is the most effective chart to use to read and interpret data. Please explain your reasons for choosing this chart.

Answers

The most effective chart to use to read and interpret data depends on the type of data and the specific insights you are trying to convey.

What is data?

Data refers to information that has been collected, organized, and stored for later use. Data can be structured or unstructured, meaning it may or may not be organized in a specific way. It can be generated from a variety of sources, such as sensors, surveys, social media, and transactions. Data is analyzed to gain insights and make informed decisions in various fields, such as business, healthcare, science, and government. With the increasing use of technology, data is becoming an increasingly valuable resource that can be used to improve efficiency, solve problems, and drive innovation. However, data also raises concerns about privacy, security, and ethics, and must be handled with care.

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Jose Garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares of Damian Inc.'s common stock with a par value of $10 per share. The journal entry to record this transaction in the books of Damian, Inc., will include a credit to?

Answers

Answer:

Paid-in Capital in Excess of Par $8,000

Explanation:

Based on the information given we were told that Garcia contribute land that has  a fair market value of the amount of $10,000 which was exchange for 200 shares of the common stock of Damiann Inc.'s that has a par value of $10 per share which means that the journal entry to record the transaction in the books of Damian, Inc., will include a credit to Paid-in Capital in Excess of Par $8,000 calculated as:

Fair market value  $10,000

Less  common stock $2,000

(200 shares *$10 per share)

Paid-in Capital in Excess of Par $8,000

As part of the initial investment, Ray Blake contributes equipment that had originally cost $97,300 and on which accumulated depreciation of $72,975 has been recorded. If similar equipment would cost $140,300 to replace and the partners agree on a valuation of $48,800 for the contributed equipment, what amount should be debited to the equipment account

Answers

Answer:

$48,800

Explanation:

the computation of the amount that should be debited to  the equipment account is as follows:

Given that

The cost of an equipment is $97,300

the accumulated depreciation is $72,975

The replacement cost is $140,300

And, the valuation of the equipment is $48,800

So based on the above information, the amount that should be debited is equivalent to the valuation of the equipment i.e. $48,800

What is the value in year 3 of a $700 cash flow made in year 6 if interest rates are 10 percent?

Answers

The answer is 525.92$ is the value  in year 3 of a $700 cash flow made in year 6 if interest rates are 10 percent.

Calculation-

We will use Future value formula to find out the value of cash flow made-

Value in =FV×(1(1+r)n)

=$700×(1(1+0.10)3)

=$525.92

Where,

FV = Future value

r = Rate of interest

n = Number of years

Therefore, the cash flow made after 3 years is calculated as $525.92.

What do you think constitutes interest?

Interest is the cost that you incur when you lend money or when you pay a fee to borrow money. As a yearly percentage of the loan amount, interest is most frequently expressed. Known as this percentage, the interest rate on the debt is.

An example of interest is what?

Example: For instance, if a borrower took out a $1,000 loan at 2% interest and accrued $100 in interest, the total interest for that calendar year would be $22. It's because interest is paid on a sum of $1100, which comprises the principle ($1000) and interest ($100) that has accumulated.

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You want to compare the batting average of all the players on the league's baseball teams. Which type of chart would be best for this purpose? a.Pie b.Bar c.Line d.Column

Answers

Answer: B.) Bar

Explanation: When trying to compare batting average of all players on the leagues baseball team, the batting average of the players in each team is measured and the data grouped by team. When measuring changes, differences or comparison, the bar chart and line chart seems to be the best for such purposes. However, depending on whether the changes in measured data is large or small, the bar chart seems best suited in cases where large differences exists, while line graphs are better when small differences exist between measure data.

Answer:

B.) Bar

Explanation:

name one responsibility of a sport marketer working in market research and development.

Answers

A sport marketer is responsible to identifying new market as a part of his market research and development responsibility.

A sport marketer helps a sport organization to grow their fan base as the source of their income through selling merchandise, holding events, and promoting athletes and teams.

A sport marketer plays a big role in retaining brand loyalty of team's fans. He has to develop and nurture their loyalty to ensure their eagerness to spend money on athletes and teams, either for merchandise, match tickets, or other paid events.

A sport marketer has to determine his target audience. He has to ensure that the marketing and promotion plan that he build can meet the audience preferences and is attractive to them. A sport marketer is responsible in market research to understand the public preferences and to identify new potential target market.

A sport marketer needs to deal with contraccts, marketing strategies, promotional campaigns, social media accounts, and estimating demand for products and services. A sport marketer is responsible to the effectivenes of the marketing strategies and its implementations.

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Which type of multiple protection policy pays on the death of the last person?
A. Joint Life Policy
B. Dual Life Policy
C. Multiple Life Policy
D. Survivorship Life Policy

Answers

The type of multiple protection policy pays on the death of the last person is Survivorship Life Policy.

A Survivorship Life Policy is the type of multiple protection policy that pays on the death of the last person. Also known as a "second-to-die" policy, it is commonly used in estate planning or when insuring the lives of business partners or spouses.

In a Survivorship Life Policy, the coverage is typically provided for two individuals, such as a married couple. The death benefit is paid out only after both insured individuals have passed away. This means that the policy does not pay a death benefit upon the death of the first insured person, but rather upon the death of the last surviving insured person.

This type of policy is often used to provide financial support for surviving beneficiaries, cover estate taxes, or ensure the passing on of wealth to future generations. It can be an effective way to provide protection when the financial impact is expected to occur upon the death of the second individual.

The type of multiple protection policy that pays on the death of the last person is a Survivorship Life Policy, also known as a "second-to-die" policy.

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Chase Company rents space to a tenant for $3,700 per month. The tenant currently owes rent for November and December. The tenant has agreed to pay the November, December, and January rents in full on January 15 and has agreed not to fall behind again. The adjusting entry needed on December 31 is:

Answers

Debit Rent Receivable, $7,400; credit Rent Earned, $7,400.

What is sheet entry?An electrical design primitive that belongs inside a sheet symbol is called a sheet entry. It is positioned inside a sheet symbol to indicate the symbol's input and output ports. The symbol's source schematic sub-sheet is represented by the sheet entries, which correspond to ports placed there.

According to the question:

Since Chase Company's revenue is $3,700, accrued revenue is entered in the receivable account. The Chase Company has accrued the rent for November and December but has not yet received it. The adjustment entry for the two-month expense will be entered on December 31 as follows.

Dr. Rent Receivable ( $3700 x 2)        $7,400.

Cr. Rent Earned                                     $7,400.

Note:

The options do not match the question based on the information provided in the question. The following response is created using the information provided.Since Chase Company's revenue is $4,000, accrued revenue is recorded in the receivable account. The Chase Company has accrued the rent for November and December but has not yet received it. The adjustment entry for the two-month expense will be entered on December 31 as follows.

Dr. Rent Receivable ( $4000 x 2) $8,000.

Cr. Rent Earned                              $8,000.

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HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit

Answers

The answer is a commodity

what is the difference between listening and interpretation

Answers

Answer:

listening is the act of perceiving sound. It is involuntary and simply refers to the reception of aural stimuli. Listening is a selective activity which involves the reception and the interpretation of aural stimuli. Making sense of what you are listening.

monopolistic competition differs from perfect competition only with respect to

Answers

Monopolistic competition differs from perfect competition primarily with respect to product differentiation.

In monopolistic competition, firms offer products that are differentiated in some way, whether it be through branding, packaging, quality, features, or other aspects.

This allows firms to have some degree of market power and the ability to differentiate their products from competitors. In contrast, perfect competition is characterized by homogeneous products where all firms in the market offer identical goods or services.

Another difference is the presence of non-price competition in monopolistic competition, where firms engage in advertising, marketing, and other strategies to attract customers based on perceived product differences. In perfect competition, price is the main determinant of consumer choice.

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The area of accounting that provides external users with information is called _____.
a. managerial accounting
b. financial accounting
c. tax accounting
d. None of these choices are correct.

Answers

A is the answer to your question

Dermody Snow Removal's cost formula for its vehicle operating cost is $2,980 per month plus $328 per snow-day. For the month of December, the company planned for activity of 22 snow-days, but the actual level of activity was 20 snow-days. The actual vehicle operating cost for the month was $10,490. The spending variance for vehicle operating cost in December would be closest to:

Answers

Answer: $950 Unfavorable

Explanation:

Following the information given in the question, the budgeted operating cost will be calculated as the addition of the fixed cost and the variable cost given and this will be:

= $2,980 + ($328 × Level of activity)

= $2980 + ($328 × 20)

= $2980 + $6560

= $9540

Since the actual operating cost is $10,490, then the Spending Variance for the vehicle operating cost will be:

= Flexible Budget - Actual Budget

= $9,540 - $10490

= $950 Unfavorable

Fine print contains what? A. Only stuff lawyers require B. A bunch of useless info C. Clear language designed to be easy to read D. Virtually all of the important info in an agreement. Which is it?

Answers

Answer:

D

Explanation:

A fine print is a term that refers to the business usage of the terms and the conditions.

Have important information regarding the company or the documents that are placed in the footnotes and they are essential for entering into an agreement.

Hence the option D is correct.

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if i get 16 brainlest ill give u guys 136 points

Answers

Answer:

you get brainlyist by answering questions. not making them

Answer:

ill give u brainlest tete

Explanation:


Conduct thorough research on the following questions and provide a concise response:
(a) Why is teamwork important in business?

(b) How can employers help facilitate successful teamwork?

Answers

A. Businesses prosper when they have a diverse team of individuals who can add unique perspectives. Problems are easier to solve when people work together. Collaboration within a community will aid in the resolution of difficult issues. Brainstorming is an excellent way for the team to share ideas and come up with innovative solutions.
B. People should be rewarded for collaborating and contributing. Let them know how much you appreciate their thoughts and efforts. Employees would be more engaged, inspired, and invested in the organization's success if they are active in every step of decision-making.

A plan for a career starting in two years:
a) Will give you less opportunities than a career starting right away
b) Means that no plans or training are necessary, since the goal is two years away
c) Cannot benefit from talking to a counselor or consulting a book
d) Will give you more opportunities than a career starting right away
It’s on knowledge matters for my business class !

Answers

Answer:a) Will give you less opportunities than a career starting right away

wrong

Explanation:

A plan for a career starting in two years d) Will give you more opportunities than a career starting right away.

How can this career give more opportunities ?

Choosing a plan for a career starting in two years can potentially provide more opportunities compared to starting a career right away.   Taking the time to plan for a career starting in two years allows for more preparation, skill development, and networking opportunities, which can ultimately lead to a wider range of career options.

You will have more time to research your options and find the right career for you. You will have more time to gain the necessary skills and experience. You will have more time to network with people in your field and build relationships.

In conclusion, option D is correct.

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Aiden ran half as much on Tuesday than he did on Thursday how many miles did he run if Thursday was four thirds of a mile Examine the system of equations.y = 5x + 6,y = x + 10Use substitution to solve the system of equations. What is the value of y?111111. 20th Century writers' works suggest that the great questions and conflicts of life arenot the domain merely of extraordinary people and events, instead the focus of theirnarratives are found in the:contemporaryO prosaictransitionalordinary Princess is making a portfolio for her math subject. She decorated it with circles made with different colored paper. If she used 15 pieces of circle with 20cm diameter each circle, what is the total area of all the circlces she used? What is the are of this figure??? On July 1, 2020, Pharah Corporation acquired Sheridan Company for $954,000 cash. At the time of purchase, Sheridan's balance sheet showed assets of $821,500 and liabilities of $265,000. The fair value of Sheridan's assets isestimated to be $1,007,000.Compute the amount of goodwill acquired by Pharoah.Amount of goodwill Beginning with the file that you downloaded named Proj43.java, create a new file named Proj43Runner.java to meet the specifications given below.Jerry please stop answering this question incorrectlyNote that you must not modify code in the file named Proj43.java.Be sure to display your name in the output as indicated.When you place both files in the same folder, compile them both, and run the file named Proj43.java with a command-line argument of 5, the program must display the text shown below on the command line screen.I certify that this program is my own workand is not the work of others. I agree notto share my solution with others.Replace this line with your nameInput: Ann ann Ann Bill don bill Chris AnnArrayList contents: Ann ann Ann Bill don bill Chris AnnTreeSet contents: don Chris Bill AnnYour output text must match my output text for a command-line argument of any numeric value that you choose. Run your program and my program side by side with different command-line-arguments to confirm that they match before submitting your program.When you place both files in the same folder, compile them both, and run the file named Proj43.java without a command-line argument, the program must display text that is similar to, but not necessarily the same as the text shown below on the command line screen. In this case, the input names are based on a random number generator that will change from one run to the next. In all cases, the names in the ArrayList contents must match the Input names. The names in the TreeSet contents must be the unique names from the input and must be in descending alphabetical order (ignoring case with no duplicates).I certify that this program is my own workand is not the work of others. I agree notto share my solution with others.Replace this line with your nameInput: don bill Chris Bill bill don Chris BillArrayList contents: don bill Chris Bill bill don Chris BillTreeSet contents: don Chris bill/****************************************************************************************************************//*File Proj43.javaThe purpose of this assignment is to assess the student'sability to write a program dealing with runtime polymorphismand the Comparator interface.***********************************************************/// Student must not modify the code in this file. //import java.util.*;class Proj43{//Create an array object containing references to eight// String objects representing people's names.static String[] names ={"Don","don","Bill","bill","Ann","ann","Chris","chris"};//Create an empty array with space for references to// eight String objects. Each element initially// contains null.static String[] myArray = new String[8];//Define the main methodpublic static void main(String args[]){//Print the certificationSystem.out.println();//blank linenew Proj43Runner();//Call an overloaded constructor.//Create a pseudo-random number generatorRandom generator = null;if(args.length != 0){//User entered a command-line argument. Use it// for the seed.generator = new Random(Long.parseLong(args[0]));}else{//User did not enter a command-line argument.// Get a seed based on date and time.generator = new Random(new Date().getTime());};//Create and display the data for input to the class// named Proj43Runner. Use successive values from// the random number generator to select a set of// String objects from the array containing names.System.out.print("Input: ");for(int cnt = 0;cnt < 8;cnt++){int index = ((byte)generator.nextInt())/16;if(index < 0){index = -index;}//end ifif(index >= 8){index = 7;}//end ifmyArray[cnt] = names[index];System.out.print(myArray[cnt] + " ");}//end for loop//At this point, the array named myArray contains// eight names that were selected at random.System.out.println();//new line//Create an ArrayList object.ArrayList arrayList = new ArrayList();//Call the student's overloaded constructor// several times in succession to populate// the ArrayList object.for(int cnt=0;cnt < myArray.length;cnt++){arrayList.add(new Proj43Runner(myArray[cnt]));}//end for loop//Display the data in the ArrayList objectSystem.out.print("ArrayList contents: ");Iterator iter = arrayList.iterator();while(iter.hasNext()){System.out.print(iter.next() + " ");}//end while loopSystem.out.println();//blank line//Create a TreeSet object. Note that the class named// Proj43Runner mus implement the Comparator// interface.TreeSet treeSet = new TreeSet(new Proj43Runner("dummy"));for(int cnt=0;cnt < myArray.length;cnt++){treeSet.add(myArray[cnt]);}//end for loop//Display the data in the TreeSet objectSystem.out.print("TreeSet contents: ");iter = treeSet.iterator();while(iter.hasNext()){System.out.print(iter.next() + " ");}//end while loopSystem.out.println();//blank line}//end main}//end class Proj43 Of all the things to eat in the world, Ernie the Bear liked wild blueberries best. He could eat bucket after bucket of blueberries. The problem was not enough blueberries grew wild in the hills where Ernie lived. He was always hungry for more.All day long Ernie the Bear searched the mountains, eating every blueberry in sight. One day some hikers came by carrying jackets with big buttons. The buttons looked just like giant blueberries to Ernie. He felt so hungry! Before he knew it, he had gobbled down every button. Poor Ernie the Bear really had a stomachache then!QuestionWhy did Ernie get a stomachache?Answer options with 4 options1.He ate too many berries.2.He ate buttons instead of berries.3.He couldn't find enough berries to eat.4.He didn't like the taste of blueberries please ONLY right ANSWERS How can I split 166 into two even numbers? at what four levels are public health activities carried out an infection with a lengthy period of infectivity will spread to fewer individuals than an infection with a very short duration of infectivity. Air enters a nozzle steadily at 2.21kg/m^3and 40 m/s and leaves at 0.762kg/m^3and 180 m/s. If the inlet area of the nozzle is 90cm,^2, determine(a) the mass flow rate through the nozzle, and(b) the exit area of the nozzle after a severe drought, the productivity in an ecosystem took many years to return to pre-drought conditions. this observation indicates that the ecosystem has: Is it possible to have ""too much"" security in a network design? What are some trade-offs between ""too much"" and ""too little""? Consider a part is to be transported from China to Europe. The annual demand for the part is 40,000 units. Price is $150 per unit. Annual holding cost rate is 30% of unit price. There are two transportation options. Air Cargo takes 5 days (door to door) and costs $45 per unit. Ocean Freight takes 50 days and costs $15 per unit. Because of variability of transportation time and demand, 1 week of demand will be kept at destination as safety stock if air cargo is used. On the other hand, 9 weeks of demand will be kept at destination as safety stock if ocean freight is used. Assume that order quantity is the same in both cases, and the shipping (freight) cost is charged when the item is delivered at the destination. Calculate the following costs for Air cargo: 1. Annual freight cost 2. Annual in-transit holding cost 3. Annual safety stock holding cost 4. Total cost of Air Cargo Sketch the graph of y= (x-3)2 - 25, then select the graph that correspondsto your sketch. $6949 is invested part at 11% and the rest at 8% if the interest earned from the amount invested at 11% exceeds the interest earned from the amount invested at 8% by $224.60 how much is invested at each rate Complete and report the answer in scientific notation with the correct number of significant figures. Determine the total heat transfer for the reversible process 1-2 shown in the given figure. T1 is 100C T2 is 600C. . 100 0.2 1.0 S, kJ/K The total heat transfer for the reversible process 1-2 is D k J.