The amount of interest expense for the first semiannual interest period is $2,497.50. The fee a lender assesses a borrower for using their funds is known as an interest expense.
How to calculate interest expense ?To calculate the interest expense for the first semiannual interest period, we need to first determine the annual interest rate, which is the market rate of 10% divided by 2 because the interest period is semiannual.
This results in an annual interest rate of 5%. We also need to determine the effective interest rate, which takes into account the difference between the par value and the price at which the bonds were issued. To do this, we can use the following formula:
effective interest rate = [(par value - cash received) / par value] / number of years
Plugging in the values given in the question, we get:
effective interest rate = [(145,000 - 139,400) / 145,000] / 5
= 0.0379
We can then use this effective interest rate to calculate the interest expense for the first semiannual period by multiplying it by the par value and dividing by 2, because the interest period is semiannual. This gives us:
interest expense = (0.0379 * 145,000) / 2
= $2,497.50
Therefore, the amount of interest expense for the first semiannual interest period is $2,497.50.
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The units in beginning work in process inventory plus the units started into production must equal the units transferred out of the department plus the units in ending work in process inventory. T or F
When computing the cost per equivalent unit, it is necessary to consider the percentage completion of the units in beginning inventory under the weighted-average method. T or F
Job-order costing would be more likely to be used than process costing in situations where many different products or services are produced each period to customer specifications. T or F
True. The units in beginning work in process inventory plus the units started into production must equal the units transferred out of the department plus the units in ending work in process inventory. This is based on the principle of conservation of units in process costing.
True. When computing the cost per equivalent unit under the weighted-average method, it is necessary to consider the percentage completion of the units in beginning inventory. The weighted-average method considers the costs and equivalent units of both beginning work in process inventory and units started and completed during the current period.
True. Job-order costing is more likely to be used than process costing in situations where many different products or services are produced each period to customer specifications. Job-order costing is suitable when each job or order is unique, and costs need to be allocated to specific jobs or orders. Process costing, on the other hand, is used when a standardized or homogeneous product is produced in large quantities.
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What was the impact on the number of months it will take Janet to pay off her loan?
The impact of the number of months on Janet's loan repayment translates into more money.
When someone applies for a loan in a bank, they must take advantage of some conditions that the bank has to be able to disburse the amount of money that they require.
One of them is that you accept the interest on the loan. Banks generally put an interest that is equivalent to a small percentage of the total loan. For example:
Janet's loan is for $ 5,000 and the interest is 1.2%. Therefore, each month Janet must pay a fee (depending on the number of months in which she has divided the loan payment) and 1.2%.
So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.
Note: This question is incomplete because there is some information missing. However I can answer it based on my prior knowledge.
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Answer:$ 60.
Explanation:
So if she divided the 24-month loan, she must pay $ 208.33 plus 1.2%, which is equivalent to $ 60.
the final evaluation of audit evidence from the financial statement audit is primarily concerned with
The final evaluation of audit evidence from the financial statement audit is primarily concerned with determining whether the financial statements are free from material misstatement and accurately represent the company's financial position, performance, and cash flows in accordance with the applicable accounting framework.
This process helps provide assurance to stakeholders that the financial statements are reliable and credible. The final evaluation of audit evidence from the financial statement audit is primarily concerned with determining the accuracy and reliability of the financial statements and ensuring that they fairly represent the financial position and performance of the audited entity.
The auditor reviews the audit evidence gathered during the audit process to assess whether there are any material misstatements or errors in the financial statements, and to ensure that all disclosures required by accounting standards are included. The statement issued by the auditor at the end of the audit provides an opinion on the fairness of the financial statements and is an important communication to stakeholders about the financial health of the audited entity.
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Which of the following might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold? a. an increase in the price of peanut better, a complement to jelly b. an increase in the price of Marshmallow Fluff, a substitute for jelly c. an increase in the price of grapes, an input into jelly d. an increase in consumers’ incomes, as long as jelly is a normal good
An increase in the price of peanut butter might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold. Option A.
That is an increase in the price of peanut butter, a complement to jelly might lead to an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold.
Complements are goods that are often used together, such that an increase in the price of one might lead to a decrease in the demand for the other.
In this case, jelly and peanut butter are complementary goods. If the price of peanut butter increases, it might lead to a decrease in the quantity demanded for both peanut butter and jelly.
Consequently, there will be an increase in the equilibrium price of jelly and a decrease in the equilibrium quantity of jelly sold.
Hence, the right answer is option A. An increase in the price of peanut butter.
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Which is the best example of someone growing their network while in high
-school?
Answer:
b.planning times and meeting
Explanation:
When the federal reserve increases interest rates, investment spending ________ and gdp ________.
When the federal reserve increases interest rates, investment spending increases and GDP increases.
The U.S. central banking system—the Federal Reserve, or the Fed—is the maximum powerful economic institution within the U.S, perhaps the arena. Its core duties include placing hobby quotes, managing the money supply, and regulating monetary markets.
it is ruled by way of the presidentially-appointed board of governors or Federal Reserve Board (FRB). Twelve regional Federal Reserve Banks, located in towns throughout the nation, regulate and oversee privately owned commercial banks.
via overseeing the country's banks and influencing hobby quotes, the Fed impacts the economy and people' financial lives. at the same time as it doesn't interact without delay with people, it guarantees they are able to deposit a test, use a debit card, and switch price range correctly and always.
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cWhat is an example of an ethical issue that marketing professionals address?
An example of an ethical issue that marketing professionals address is the use of deceptive advertising. This involves making false claims about a product or exaggerating its features in order to persuade customers to buy it.
This practice can be seen as unethical as it is based on deceiving customers into believing that the product is better than it actually is. It can also be argued that this type of advertising is irresponsible and can lead to customers making uninformed decisions.
As such, marketing professionals must be aware of the ethical implications of their work and ensure that they are not engaging in any deceptive or unethical practices. This includes ensuring that all information provided is truthful, accurate and not misleading.
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what do chapter competitions entail?
Answer:
Whoever reads the chapter of the book the fastest is crowned the chapter king. It can be very competitive, and the competitors have to be very good readers.
Answer:
In FBLA you pick a subject and you either take a test, do a presentation, do sales pitch, etc. With reading, you read a chapter from a book as fast as you can.
Explanation:
Homeowners who fail to make mortgage payments can have their house taken away through foreclosure.
A. True
B. False
Answer:
True
Explanation:
Hope this helps
Answer:
a
Explanation:
What changes in investment and potential output are supposed to follow from a decrease in taxes according to supply-side economics
The answer to the question is that supply-side economics suggests that a decrease in taxes will lead to an increase in investment and potential output.
This is because supply-side economists believe that lower taxes will incentivize individuals and businesses to work harder and invest more, which in turn will lead to increased economic growth.
Supply-side economics is based on the idea that economic growth is primarily driven by the supply side of the economy (i.e. production and investment) rather than the demand side (i.e. consumption). According to supply-side theory, lower taxes on businesses and individuals will encourage them to work harder, save more, and invest more in their businesses, which will lead to increased productivity and economic growth.
In practice, supply-side economists believe that a decrease in taxes will lead to several specific changes in investment and potential output. These changes may include:
- Increased investment in capital goods: Lower taxes on businesses can free up more capital for investment in new equipment, machinery, and technology. This can increase productivity and output over the long term.
- More entrepreneurship: Lower taxes on individuals can incentivize more people to start their own businesses, leading to more innovation and competition in the market.
- Higher wages: As businesses become more productive and profitable due to lower taxes, they may choose to raise wages for their workers in order to attract and retain talent.
- Increased economic growth: As investment and productivity increase, the overall level of economic growth in the country is likely to rise as well.
Of course, not everyone agrees with the tenets of supply-side economics, and some critics argue that lower taxes may not always lead to the desired outcomes. However, proponents of supply-side theory continue to argue that lower taxes are a crucial component of economic growth and prosperity.
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What are three ways to discover how to involved in your chosen career field
Answer:
Research industry information. ...
Find out about professional associations. ...
Research career options using LinkedIn.
A good time to observe the dress code to prepare for your first day is during
a your interview
b. your second day
your Orientation
d the weekend
A good time to observe the dress code to prepare for your first day is during an interview. Thus, option A is correct.
What is interview?A planned interaction in which one party asks questions and the other responses is known as an interview. A one-on-one conversation between an interviewer and an interviewee is referred to as a "interview" in everyday speech.
In general, the individual should dress professionally or in business clothes for a job interview. The interview is a dialogue in which you and your prospective employer exchange information.
Therefore, it can be concluded that During an interview is a wonderful opportunity to review the dress code in order to get ready for your first day. Therefore, choice A is correct.
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What does the Beginning Balance column in the Trial Balance View in the Prep for taxes tool indicate
The beginning balance column in the tool indicates the balance in the clients account.
What is the prep for taxes tool?This is an online tool that helps with the reviews of the account of a client online through the help of one dashboard.
The tool is also known to have a close resemblance to the trial balance.
These kind of tools are useful to theclient for their tax preparation.
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What is walmart's total assets for the year of 2019? (in millions) enter the answer in dollar format without $ sign or thousands comma -> 3519.23 and not $3,519.23 or 3,519.23
Financial figures can be subject to change and should be verified with the most recent and reliable sources, such as Walmart's official financial reports or statements.
Walmart's financial statements for the year 2019 showed a total asset value of $244,523 million. This represents the combined value of all the company's assets, including both current and non-current assets. Total assets include items such as cash and cash equivalents, accounts receivable, inventory, property and equipment, investments, and other assets owned by the company.
As one of the largest retail corporations globally, Walmart's total assets reflect the extensive scale of its operations, including its numerous stores, distribution centers, and investments. The company's assets play a crucial role in generating revenue and supporting its ongoing business activities.
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"take hundred now is more valuable than take hundred after one year" explain it
Answer:
Today's dollar is worth more than tomorrow's because of inflation (on the side that's unfortunate for you) and compound interest (the side you can make work for you). Inflation increases prices over time, which means that each dollar you own today will buy more in the present time than it will in the future.
33.sara, an employee of xyz corp., passed on confidential information about her company to scott, who benefited from selling that stock based on the information shared by sara. in this scenario, sara can be convicted of: a) insider trading; b) falsifying documents; c) underreporting income; d) tax evasion.
The Sara can be convicted of insider trading. Insider trading is the illegal practice of using confidential or non-public information to buy or sell stocks.
The correct answer is, A. insider trading .
Falsifying documents, underreporting income, and tax evasion are not relevant to this scenario. Insider trading occurs when someone with non-public, confidential information about a company uses that information to trade stocks or shares, or shares that information with someone else who then trades based on that knowledge.
In this case, Sara shared confidential information about XYZ Corp. with Scott, who then benefited from selling stocks based on the information provided by Sara. This makes Sara guilty of insider trading. Tax evasion happens when people do not report their actual income under the Income Tax return. This is considered illegal and the defaulter who hides the actual income can be punished under the law.
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Land labor capital on strawberries
Gleeson Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates:
Activity
Cost Driver
Cost Allocation Rate
Machine setup
Number of setups
$50.00
Materials handling
Number of parts
0.50
Machining
Machine hours
13.00
Assembly
Direct labor hours
22.00
Inspection
Number of finished units
14.00
During the month, 100 units were produced, with no defects, requiring three setups. Each unit consisted of 17 parts, 3 direct labor hours and 2.5 machine hours. Direct materials cost $50 per finished unit.
What is the per unit manufacturing cost for the period?
Select one:
A. $806.75
B. $172.50
C. $106.25
D. $321.00
D. $321.00
The per unit manufacturing cost for the period is $158.50, which is closest to option D. $321.00.
To calculate the per unit manufacturing cost, we need to consider the cost allocation rates for each activity and the quantities of cost drivers associated with the production of 100 units.
Machine setup cost:
The number of setups for the 100 units is 3, and the cost allocation rate for machine setup is $50.00 per setup. Therefore, the total machine setup cost is 3 setups × $50.00 per setup = $150.00.
Handling cost:
Each unit consists of 17 parts, so for 100 units, the total number of parts is 100 units × 17 parts = 1700 parts. The cost allocation rate for materials handling is $0.50 per part. Therefore, the total materials handling cost is 1700 parts × $0.50 per part = $850.00.
Machining cost:
Each unit requires 2.5 machine hours, so for 100 units, the total machine hours required is 100 units × 2.5 machine hours = 250 machine hours. The cost allocation rate for machining is $13.00 per machine hour. Therefore, the total machining cost is 250 machine hours × $13.00 per machine hour = $3,250.00.
Assembly cost:
Each unit requires 3 direct labor hours, so for 100 units, the total direct labor hours required is 100 units × 3 direct labor hours = 300 direct labor hours. The cost allocation rate for assembly is $22.00 per direct labor hour. Therefore, the total assembly cost is 300 direct labor hours × $22.00 per direct labor hour = $6,600.00.
Inspection cost:
Since there were no defects in the 100 units, there is no inspection cost to consider.
Now, let's calculate the total manufacturing cost:
Total manufacturing cost = Machine setup cost + Materials handling cost + Machining cost + Assembly cost + Inspection cost
= $150.00 + $850.00 + $3,250.00 + $6,600.00 + $0.00
= $10,850.00
Since there were 100 units produced, the per unit manufacturing cost is:
Per unit manufacturing cost = Total manufacturing cost / Number of units
= $10,850.00 / 100 units
= $108.50
However, we also need to add the direct materials cost, which is $50 per finished unit.
Per unit manufacturing cost with direct materials = Per unit manufacturing cost + Direct materials cost
= $108.50 + $50.00
= $158.50
Therefore, the per unit manufacturing cost for the period is $158.50, which is closest to option D. $321.00.
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If you get equity funding for your business, what will you have to do?
A. Pay back the investors with interest
B. Show investors that you can make payments to them
C. Get approval from an angel network
D. Share ownership with the investors
Answer:
A pay back the investors with interest I believe
Mary loves to collect stickers. She has 7 sticker books. Each book has 87 stickers. What is a reasonable estimate for the total number of stickers? PLEASE I NEED HELP
Based on the number of sticker books that Mary has, a reasonable estimate for the total number of stickers is 609 stickers
How many stickers in total?There are 7 books for stickers that Mary has to collect the stickers she loves.
Each of the books holds around 87 stickers. The total number of stickers that Mary has as a reasonable estimate is:
= Number of sticker books x Number of stickers per book
Solving gives:
= 7 x 87
= 609 stickers
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why must buyers and sellers be price takers for a market to be perfectly competitive?
Buyers and sellers must be price takers for a market to be considered perfectly competitive. This characteristic is a fundamental requirement of perfect competition, and it is based on several key factors.
Here's an explanation of why price-taking behavior is necessary for perfect competition:
1. Large Number of Buyers and Sellers: In a perfectly competitive market, there is a significant number of buyers and sellers, with none having a dominant market share or the ability to influence prices. This ensures that no single buyer or seller has the power to impact the market price through their individual actions.
2. Homogeneous Products: Perfectly competitive markets involve the exchange of homogeneous or standardized products, where each product is considered identical to others in terms of quality, features, and functionality. Since the products are indistinguishable, buyers have no preference for one seller's product over another, and sellers cannot differentiate their products based on non-price factors.
3. Perfect Information: In perfect competition, buyers and sellers have access to perfect information about market conditions, including prices, quantities, and product characteristics. This information symmetry ensures that all participants have equal knowledge and can make informed decisions based solely on market prices.
Given these characteristics, buyers and sellers in a perfectly competitive market act as price takers because:
1. No Individual Seller or Buyer Can Influence Prices: In a perfectly competitive market, each seller or buyer's individual actions have a negligible impact on the overall market price. They have no market power to set or manipulate prices. Sellers must accept the prevailing market price for their products, while buyers must accept the prevailing market price as the basis for their purchasing decisions.
2. Market Price as a Given: Buyers and sellers in a perfectly competitive market take the market price as given, without the ability to negotiate or deviate from it. They accept the prevailing price as determined by the forces of supply and demand in the market.
3. Market Entry and Exit: In a perfectly competitive market, new firms can freely enter or exit the market without significant barriers. This ensures that if existing firms try to set prices above the market equilibrium, new firms can enter and offer lower prices, forcing prices back to the equilibrium level.
The price-taking behavior of buyers and sellers in a perfectly competitive market ensures that prices are determined solely by market forces of supply and demand. It eliminates price discrimination, collusion, and other anti-competitive practices, fostering a level playing field and promoting efficiency and allocative effectiveness in resource allocation.
It's worth noting that real-world markets often deviate from perfect competition due to factors such as market concentration, product differentiation, information asymmetry, and barriers to entry. However, the concept of price-taking behavior serves as an important benchmark for understanding the ideal characteristics of perfect competition and its implications for market outcomes.
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The ceo of a manufacturing company has a directive leadership style and gives good orders to his employees. he organizes various processes and sets high standards to achieve organizational goals. in this scenario, the ceo most likely exhibits the:__________
The CEO in this scenario most likely exhibits the directive leadership style. This leadership style is characterized by a leader who gives clear and specific instructions to their employees, and sets high standards to achieve organizational goals.
This type of leader is focused on results and has a clear vision of what needs to be accomplished. They are often very organized and structured in their approach, and provide guidance to their team on how to achieve their objectives.
The directive leadership style is often used in situations where time is of the essence, or when there is a clear and immediate need to achieve a specific goal. It is also useful when dealing with employees who need a lot of guidance and direction, or when there is a lack of experience within the team.
While this leadership style can be effective in certain situations, it can also lead to micromanagement and a lack of creativity or innovation within the team. It is important for a leader to balance their directive style with a more participative or delegative approach, in order to empower their employees and foster a more collaborative and supportive work environment.
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URGENT When is the unadjusted trial balance completed?
A. After a first set of adjusting entries have been made
B. As a final step in the accounting cycle
C. After all adjusting entries have been made
D. Before any necessary adjusting entries have been made
Which problem would be best addressed by a business bank?
A. A college graduate needs to open a checking account with the
lowest fees available.
B. A corporation needs help with cash management for its large
staff.
C. A person with a poor credit history needs a short-term loan to pay
a medical bill.
D. A couple needs to get a mortgage loan to buy a home after
moving to a new city,
SUBMIT
Answer:
B. A corporation needs help with cash management for its large
staff.
Explanation:
Business banking can be defined as the financial services such as business loans, cash management, lines of credit, trade finance, savings and checking accounts, tax planning, and securities trading provided by a commercial bank to business entities, corporations or companies.
This ultimately implies that, a business bank is only focused on providing financial services to corporations rather than individuals.
Hence, the problem which would be best addressed by a business bank is, a corporation that needs help with cash management for its large
staff.
In a nutshell, a business bank is saddled with the responsibility of meeting the financial needs of corporations found in different sectors such as agriculture, engineering, medical, trade, oil and gas etc.
Answer: B
Explanation:
Briefly explain why there are differences between domestic and
international marketing
The differences between domestic and international marketing can be attributed to cultural factors, legal and regulatory environments, economic conditions, and market characteristics.
Domestic marketing refers to the marketing activities conducted within a single country, targeting a specific domestic market. On the other hand, international marketing involves marketing products or services across national borders, targeting multiple foreign markets.
One significant difference between domestic and international marketing is the cultural factor. International marketing requires an understanding of different cultures, languages, customs, and values. Marketers must adapt their strategies to suit the preferences and norms of the target market. This may involve modifying product features, packaging, advertising messages, and promotional activities to align with local cultural sensitivities.
The legal and regulatory environment is another crucial distinction. Each country has its own set of laws and regulations governing advertising, product standards, labeling requirements, and intellectual property protection. International marketers must navigate and comply with these regulations to operate in foreign markets successfully.
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Keri is making doll clothes for a holiday craft show. the wholesale cost of the materials for one outfit is $9.38. if she sells an outfit for $15, what is the percent of markup? round to the nearest percent.
The percent of markup is calculated by dividing the selling price by the cost of the materials:
Markup % = (Selling Price / Cost of Materials) x 100
Rounded to the nearest percent, the markup is 60%.
The percent of markup for Keri's doll clothes can be calculated by using the formula:
Markup Percent = [(Selling Price - Wholesale Cost) / Wholesale Cost] × 100
First, we need to find the difference between the selling price and the wholesale cost:
$15 - $9.38 = $5.62
Next, we need to divide this difference by the wholesale cost:
$5.62 / $9.38 = 0.599
Finally, we need to multiply this number by 100 to get the percent of markup:
0.599 × 100 = 59.9%
Rounding to the nearest percent, the markup percent for Keri's doll clothes is 60%.
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Nielsen gathers data on millions of people to help marketers gain __________ to use to create strategic marketing decisions.
The gathering of data to create strategic marketing decisions is called customer insight.
What is customer insight?Customer insight is an analysis employed by businesses to know how their audience feel and think about their products and services. Here, a business is able to build deep customer empathy beyond understanding of what they required.
The purpose of customer insight is to increase the effectiveness of a product or services through interpretation of trends.
Hence, Niesen employs customer insight to help marketers gain and create strategic decisions.
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When Christina looked at the tag on the dress she just purchase, she noticed it said "Made in Korea". By purchasing this dress, Christina is participating in the global economy.
Answer:
True
Explanation:
From the question, We are informed that when Christina looked at the tag on the dress she just purchase, she noticed it said "Made in Korea". By purchasing this dress,
In this case Christina is participating in the global economy. Global economy can as well be regarded as "world economy" which is an economic system where there is economic activities between different nation and within nations . Economic activities could be in term of production, exchange of financial values as well as consumptions, trading of various goods among nations.
Answer:
i think its true
Explanation:
im sorry if im wrong
A baseball park ran a "$1 Hot Dog Night" promotion. The average number of hot dogs purchased that night was 3.3 hot dogs per fan. Find the probability that a randomly selected fan who attended $1 Hot Dog Night purchased 5 or more hot dogs.
Round your answer to 3 decimal places.
The probability that a randomly selected fan who attended $1 Hot Dog Night purchased 5 or more hot dogs is approximately 0.496, rounded to 3 decimal places
To solve this problem, we need to know the distribution of the number of hot dogs purchased per fan. Assuming this distribution follows a Poisson distribution, with a mean of 3.3 hot dogs per fan, we can use the Poisson probability formula:
P(X ≥ 5) = 1 - P(X < 5)
where X is the number of hot dogs purchased per fan.
Using the Poisson probability formula, we can calculate:
P(X < 5) = Σ[(\(e^(-λ) * λ^k)\) / k!], k = 0 to 4
where λ = 3.3.
P(X < 5) =\([(e^(-3.3) * 3.3^0) / 0!] + [(e^(-3.3) * 3.3^1) / 1!] + [(e^(-3.3) * 3.3^2) / 2!] + [(e^(-3.3) * 3.3^3) / 3!] + [(e^(-3.3) * 3.3^4) / 4!]\)
P(X < 5) ≈ 0.504
Therefore,
P(X ≥ 5) = 1 - P(X < 5) ≈ 1 - 0.504 ≈ 0.496
So the probability that a randomly selected fan who attended $1 Hot Dog Night purchased 5 or more hot dogs is approximately 0.496, rounded to 3 decimal places.
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The President of PDQ Corporation buys PDQ shares in the open market. After holding them for 3 months fully paid, the President wishes to sell the shares. The shares can be sold:
There are different ways to share shares. The shares can be sold immediately.
In a sale of shares, a company's shareholders often sell the shares that is entitling ownership of the company to a specific buyer. In the transaction, all the rights and responsibilities that pertains to the ownership of shares are transferred to the buyer.
Note that as long as the 6-month holding period needed has fulfilled on the restricted shares, and therefore, when they are donated, the charity can sell the shares immediately. There is therefore no need for another 6-month holding period be taken again.
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The President of PDQ Corporation buys PDQ shares in the open market. After holding them for 3 months fully paid, the President wishes to sell the shares. The shares can be sold:
A. immediately
B. after holding the securities for an additional 3 months
C. after holding the securities for an additional 6 months
D. after holding the securities for an additional 1 year
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