Answer:
Davis violated the Standard VII(B) Reference to the CFA Institute, the CFA Designation, and the CFA Program because she stated a future date in which she expected to pass. Candidates who imply partial designations or expected completion dates violate this Standard. Stating a fact about having passed each of the first two levels on the first try does not violate the Standard.
Explanation:
In the given statement, it can be inferred that Davis used a future data in the documentation. She indicated the future data like the date her examination result will be released. In this case, a partial designation is used and this violates the Standards of CFA Institute. Therefore, it can be concluded that Davis violated the Standards.
Answer:
Inelastic
Explanation:
When the price elasticity of demand (PED) is lower than 1, the demand is said to be inelastic. This means that a 1% increase in the price of a good or service will result in a proportionally smaller reduction of the quantity demanded. The formula for calculating price elasticity of demand is:
PED = % of change in quantity / % of change in price
For example, if the price of gasoline increases by 5% but the quantity demanded for gasoline decreases only by 2%, the PED = 2% / 5% = 0.4, therefore the demand for gasoline is inelastic.
Answer:
4.15%
Explanation:
In this question we use the RATE formula that is shown in the attachment below:
Given that,
Present value = $0
Future value or Face value = $17,000,000
PMT = $400,000
NPER = 25 years
The formula is shown below:
= Rate(NPER;PMT;PV;-FV;type)
The future value come in negative
So, after solving this, the annual interest rate is 4.15%
Answer:
$45.67
Explanation:
Given:
the cost of mowing the first lawn = $15
the cost of mowing the second lawn = $25
the cost of mowing the third lawn = $40
Producer surplus on the first three lawns of the day = $100
Now,
Producer Surplus = Price paid by consumers - production cost
or
$100 = Price - ( $10 + $12 + $15 )
or
Price = $100 + $37
or
Price = $137
Therefore,
The price for each customer = 
or
The price for each customer = $45.67
Terms is one of them and acquirements
