"On December 1st, an officer of REX Corporation wishes to sell stock under Rule 144. REX has 15,000,000 shares outstanding. The
previous weeks' trading volumes are:"
1 answer:
Answer:
178,750 average shares
Explanation:
The computation of the maximum permitted sale is shown below:
But before that we need to find out the total volume which is
= nov 14 trading volume + nov 7 trading volume + oct 31 trading volume + oct 24 trading volume
= 185,000 shares + 165,000 shares + 175,000 shares + 190,000 shares
= 715,000 shares
Now
maximum permitted sale is
= 715,000 shares ÷ 4
= 178,750 average shares
You might be interested in
Answer:
In order to maximize average daily profit, optimal number of reservations = 100 rooms.
Explanation:
As for the provided information, we have
Total number of rooms = 100
Chances of guests not arriving = 5%
Therefore, guests to arrive = 95%
Thus, bookings = 100/95% = 105.26
Rounding off we have 105 rooms,
Let us assume, all rooms are booked and no cancellation is done, in that case,
Total revenue = $150 100 = $15,000
Less: Overbooked charges = $200 5 = ($1,000)
Less: Variable Cost = $30 100 = ($3,000)
Thus total revenue will be $11,000
In case of booking of 100 rooms the net revenue in case of 5% cancellations, shall be:
Rooms booked = 100 - 5% = 95
Revenue = 95 $150 = $14,250
Less: Variable Costs = 95 $30 = ($2,850)
Thus total revenue = $11,400
Since profit in case of booking 100 rooms is more in any case, even in case of least cancellation the revenue will increase.
Thus, this is the optimal number of reservations = 100
Answer:
option C is correct CPI in Kansas City is 125 and in Dallas is 150.
Explanation:
given data
Kansas City pays = $50,000
Dallas that pays = $60,000
solution
we know that CPI base year is always = 100
first we get here real salary value in Kansas City that is express as
Real Value = Salary in Kansas City × (CPI base year ÷ CPI current year) ..........1
put her value we get
Real Value = $50,000 ×
Real Value = $40000
and now we get here real salary value in Dallas that is express as
Real Value = Salary in Dallas City × (CPI base year ÷ CPI current year) ..........2
put her value we get
Real Value = $60,000 ×
Real Value = $40000
so now we can see that both value is same in both city with CPI Kansas City = 125 and CPI Dallas = 150
so here correct option is c. 125 in Kansas City and 150 in Dallas