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Neko [114]
3 years ago
14

Timmy and Tommy are two casino owners. During their opening day celebration theyeach decide to run a special called the infinite

lottery. The rules are simple, patrons pay $100 to beentered into one of their lotteries, and at the end of the day one winner is drawn from each lottery.The winners will be awarded with and infinite amount of money, paid out in the following manners:
• If they win Timmy's lottery, they will receive $1 the first week, $1/5 the second week, $1/9 the third week, $1/13 the fourth week, and so on.
• If they win Tommy's lottery, the will receive $10/2 the first week, $10/5 the second week, $10/10 the third week, $10/17 the fourth week, and so on.

The day after the lottery, one of Timmy or Tommy is arrested for running a fraudulent infinite lottery. Which one is it?

Business
1 answer:
Dmitrij [34]3 years ago
6 0

Find the given attachment for complete solution

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5 0
4 years ago
Saine Corporation will pay a $3.06 per share dividend next year. The company pledges to increase its dividend by 6 percent per y
rodikova [14]

Answer:

$51

Explanation:

Given that,

Dividend paid next year, D1 = $3.06 per share

Growth rate of dividend per year, G = 6 percent per year

require a return on investment, Ke = 12 percent

Stock Price = D1 ÷ (Ke - G)

                    = 3.06 ÷ (0.12 - 0.06)

                   = $51

Therefore, I'll pay $51 for the company’s stock today.

7 0
4 years ago
Well-known responses to demands that occur in a normal, predictable way are known as.
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The demands that occur normally on a daily basis, which is also a response to demand is Routine Task Performance.

<h3>What is a Routine Task Performance?</h3>

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They are routine performance that would be same task which one does everyday without even thinking about it.

Examples of routine task performance are :

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Therefore, well-known responses to demands that occur in a normal, predictable way are known as Routine Task Performance.

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3 years ago
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Answer:

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Explanation:

Edge babyyyyy

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2 years ago
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