A purchase agreement is a legally binding contract that states the terms and conditions of purchasing a good/making a sale. This agreement is legally binding for both the purchaser and the seller. The agreement is contingent on being paid back at the date agreed and receiving the items that were intended to be paid for.
Answer:
A firm commitment arrangement with an investment banker occurs when an investment banker buys the securities for less than the offering price and accepts the risk of not being able to sell them.
The correct option is B.
Explanation:
A firm commitment arrangement happens when an investment banker buys the securities for less than the offering price and accepts the risk of not being able to sell them.
However, the issuer receives a little less money than the offering price but he gets a specific amount for all the security being issued. The risk rests completely on the investment banker.
Therefore, the correct option is B.
Answer :
Minimum total annual cost = $3,321.26
Explanation :
The computation of the minimum total annual cost is shown below:
As per the data given in the question,
Annual demand (D) = 67 × 358 days = 23,986
Setup cost (C) = $290
Production rate (R) = 358 days × 485 = 173,630
Holding cost(H) = $0.92
Economic production quantity(Q) = sqrt((2 × D × C) ÷ H × (1-(D ÷ R)))
= sqrt(((2 × 23,986 × $290) ÷ $0.92 × (1 -(23,986 ÷ 173,630)))
= 4,188.7
= 4,189
Minimum total annual cost is
= (Q ÷ 2) × (1 - D ÷ R) × H + (D ÷ Q) × C
=4,189 ÷ 2 × (1 - (23,986 ÷ 173,630) × $0.92+ (23,986 ÷ 4,189) × 290
= $3,321.26
Answer:
In the United States, dollar bills, nickels, and dimes are Representative money It can be exchanged for a valuable good, was used in systems involved a "gold standard", and can be traded for a commodity such as silver.
The correct answer to this open question is the following.
You forgot to include the question. Here we just have a statement, but no question at all.
Maybe you wanted to add an opinion or you need to say if this individual needs an extra credit card.
If that is the case, then we can comment on the following.
No. Marshall doesn't need an extra credit card. He already has six, another one could be a burden to his financial record.
Marshall is doing well. He lives a solidly middle-income lifestyle. He’s paying his student loans, his rent, and all of his other expenses on-time. There is no reason to incur more debt with another credit card.
Plus the fact that the other six cards pay 0% interest for the first year, free airline miles, and 20% off his first month’s purchases at his favorite store. But all of that is going to change after the first year and interests are coming.
Until today, he has been strict in paying his full balance each month and he is responsible enough to stop using the card once the initial features expire. Although he desires to take a vacation using the advantages of another credit card, he has to be disciplined and refrain to get it. Six cards are too many for the way of life and the job he has. The moment he loses control of the use of the credits and gets into debt, plus interests, problems are going to raise.
