"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:
200 % is the answer.
Explanation:
Toni makes x be apple pies .
and Jane works for y hours.
therefore, he makes x apple pies in y hours
which implies he makes apple pies per hour
Now with help of an assistant:
Toni makes 60% more apple pies i.e. x + 0.6x = 1.6x apple pies
works 20% less i.e. y - 0.2y = 0.8y hours
therefore, now together they make 1.6x/0.8y apple pies per hour
simplifying we get
200
Hence % increase in output PER HOUR is 200.