Answer:
$414,282.91
Explanation:
The issue price of the bonds is also known as the Present Value (PV) or current price of the Bonds and is calculated as :
FV = $440,000
PMT = ($440,000 x 9%) ÷ 2 = $19,800
P/yr = 2
N = 9 x 2 = 18
I/yr = 10%
PV = ?
Using a Financial calculator to input the values as above, the PV or issue price will be $414,282.91
Answer:
C. If Major Supply gave credit in reliance upon the misrepresentation by Coleman, Danforth is a partner by estoppel.
Answer:
<u>Trait approach</u>
<u>Explanation:</u>
A manager's trait represents his personality. Thus, by using the Trait approach the researchers would be able to identify <em>patterns of behavior and thoughts of the manager that are stable over time.</em> The trait approach may include information about:
- whether the manager is nice when speaking with employees,
- or is he rude with them?
Answer:
Explanation:
The arrival rate (λ) = 20 customers per hour. Since the service times at the pump have an exponential distribution with a mean of 2 minutes, therefore the service rate (μ) = 60 / 2 = 30 customers per hour.
The probability of the no customers being in the system(P₀) is given as:
If no customer is in the system we can sell gasoline for $4
/gallon to the next customer. The expected price p of gasoline is given by:
P = $3.665 per gallon