A cartel is when a group of companies illegally work together and essentially create a monopoly in order to increase prices and their profits.
Answer:
Lower bound is $3024
Upper bound is $3862
Mean(U) = $3443
Sample (n) = 100
Explanation:
9.63 According to USA TODAY research, the average personal debt (such as loans on cars, credit cards, and so forth) per household in the United States was $17,989 in 2004 (USA TODAY October 4, 2004). A recent random sample of 75 households from New Hampshire yielded a mean personal debt of $16,450 with a standard deviation of $4650. Using the 2% significance level, can you conclude that the current nean personal debt for all households in New Hampshire is different from $17,989? Use both the p-value approach and the critical-value approach.
Answer: Production orientation
Explanation: It refers to a strategy when the company focuses only to provide the best quality product in the market without taking into consideration the preference of the customers.
In the given case, Steel makers are focusing on making their business process the best in market so that they can gain a competitive advantage.
Thus, from the above we can conclude that the correct option is C.
Answer:
Price = $8.92
Explanation:
Dividend from yr1 to yr3 will be multiplied by 2 since it doubles per year;
D1 = $0.15*2 = $0.30
D2 = $0.30 *2 = $0.60
D3 = $0.60 *2 = $1.20
D4 (onwards) = $1.50
Next, find the present value (PV) of each dividend;
PV(D1) = 0.30/(1.138) = 0.2636
PV (D2) = 0.60/(1.138²)= 0.4633
PV(D3 ) = 1.20/ (1.138³) = 0.8142
PV(D4 onwards) = ![\frac{[\frac{1.50}{0.138} ]}{1.138^{3} }](https://tex.z-dn.net/?f=%5Cfrac%7B%5B%5Cfrac%7B1.50%7D%7B0.138%7D%20%5D%7D%7B1.138%5E%7B3%7D%20%7D)
= 7.3754
To find the price of the stock today, sum up present values above;
= 0.2636 + 0.4633 + 0.8142 + 7.3754
Price = $8.92
Answer:
910 days
Explanation:
Calculation to determine the Minimum Restocking Level needed to cover expected demand over time without stocking out
Using this formula
Minimum Restocking Level= (Average daily demand × Reorder period)+ (Average daily demand × Lead time)
Let plug in the formula
Minimum Restocking Level= (70 days × 10 days) + (70 days × 3 days)
Minimum Restocking Level=700 days + 210 days
Minimum Restocking Level= 910 days
Therefore the Minimum Restocking Level needed to cover expected demand over time without stocking out is 910 days
