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Pie
3 years ago
14

Randy is a minor-league baseball player. His current cumulative batting average is 0.270. Randy believes that if he can raise hi

s cumulative batting average to 0.300, he will have a chance to play in the major leagues. Which of the following statements is correct?
Business
1 answer:
Jlenok [28]3 years ago
3 0

The correct answer to this open question is the following.

Randy is a minor-league baseball player. His current cumulative batting average is 0.270. Randy believes that if he can raise his cumulative batting average to 0.300, he will have a chance to play in the major leagues. The correct statement is "Randy must get more than 30 hits out of his next 100 at bats in order to raise his cumulative batting average to 0.300.

What Randy must do is to improve his batting efficiency if he wants to get a good shot at Major Leagues. If he wants to get a 0.300 average, then we have to get the right percentage operation to know the exact number he needs to have. So for every 100 turns at batting, he needs a minimum of 30 hits to get the correct percentage.

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Dejame pensar

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Raul wants to join the directors of World Trade but currently owns no shares in the company. He knows that no one else will help
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Answer:

$294,412.8

Explanation:

In order to obtain a seat on the board of directors, Raul must hold more than 50 percent of the total number of outstanding shares if there are three open seats and straight voting occurs.

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The amount Raul wants to invest on obtaining a seat on board of directors is $294,412.8

7 0
2 years ago
which if the following may not be purchased on margin but can be used as collateral for a margin loan after being held for 30 da
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A mutual funds is the instrument that may not be purchased on margin but can be used as collateral for a margin loan after being held for 30 days.

<h3>What is purchased on margin?</h3>

This generally involves the act of getting a loan from your brokerage and then, using the money from such loan to invest in more securities than you can buy with your available cash.

Through the method, an investors can amplify their returns if their investments outperform the cost of the loan itself.

In conclusion, the mutual funds can be purchased on margin. However, it  may be used as collateral for a margin loan after being held for 30 days.

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3 0
1 year ago
Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p
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Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

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Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

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= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

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= $506,800

6 0
2 years ago
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If a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the lo
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The condition when a payment cap is applied and the required payment does not cover the interest expense, the unpaid interest is added to the loan thereby increasing the loan balance even though the required payment is being made, is known as a negative amortization.

<h3>What is negative amortization?</h3>

A condition where the amount owed by an individual keeps adding even after the repayments are done is known as negative amortization.

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Hence, the significance of negative amortization is aforementioned.

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6 0
1 year ago
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