Answer:
0.2308 or 23.08%
Explanation:
Mean (μ) = $12.50
Standard deviation (σ) = $3.25
Assuming a normal distribution, for any given fare X, the z-score is calculated as:
For X = $15.00, the z-score is:
A z-score of 0.7692 corresponds to the 77.91-th percentile of a normal distribution. Therefore, the probability that a fare exceeds $15.00 is:
The probability that a specific fare will exceed $15.00 is 0.2308.
Answer:
As the gross profit is the same for both products It is better to choose Product A because Product Z needs further processing a day , so time can also be the constraint.
Explanation:
Process Cost of Product A = $ 8000
Sale of Product A= $ 22,500
Gross Profit For A= $ 14,500
Process Cost of Product Z= $ 8000 + $4200= $ 12,200
Sale of Product Z= $ 26,700
Gross Profit For Z= $ 14,500
The gross profit for both products is same but product Z requires additional day for further processing so it is better to choose Product A.
Answer:
b. 300,000 shares being sold is an issuer transaction and the 200,000 shares being sold is a non-issuer transaction.
Explanation:
A non-issuer transaction is a transaction that does not directly benefit an issuer or it was not directly executed to benefit an issuer.
According to the Uniform State Law, an entity involved in the sales of certificates of interest, leases, mining titles among others is officially exempted from being labelled as an issuer. Hence, the entity (officers of the firm) in the question are non-issuer brokers.
Specifically, when the sales of stock are carried out by someone or an individual who is not a registered stockbroker, that individual officially becomes what is called 'a non-issuer broker-dealer'. The implication is that such a transaction is to be exempted from the registration requirements of the Security Exchange Commission.
In this question, since the issuer newly issued 300,000 shares while the remaining 200,000 in the proposed combination was offered by Officers of the firm - non-issuer broker-dealers. The Law states that it must be separated to show that 300,000 shares are sold in an issuer transaction (Primary) directly involving an official issuer while 200,000 shares are sold in a non-issuer transaction (Secondary).
Answer:
Option C is the correct option.
Explanation:
As the rights and obligation of the antique rocking chair are been passed to third party, so the damage caused by the checque been bounced is the monetry consideration agreed between the party to the contract, McGraw and Tellis. So Tellis may recover money damages from McGraw. However there is a special condition that can allow Tellis recover his asset from Rio if the third party knew before purchase of this asset, that the checque paid to Tellis by McGraw was dishonoured but still he contracted with McGraw to acquire the antique rocking chair.
Overall the option C is the correct option with which the case scenario relates.
