Answer:
Step-by-step explanation:
The question is 
<em>We let 
, so the equation becomes:</em>
Where 
Putting it in the quadratic formula, we have:
<u>Quadratic formula:</u> 
Substituting we have: 
<em>We let , so x is:</em>
<em>
</em>
<em>and</em>
<em>
</em>
The solutions of the equation is (rounded to 2 decimal places), and (rounded to 2 decimal places)
3 x 10 to the sixth power
3 x 10 to the fifth power
7 x 10 to the fourth power
6 x 10 to the first power
I might be wrong though. If so, sorry!
To find the y intercept using the equation of the line, plug in 0 for the x variable and solve for y. If the equation is written in the slope-intercept form, plug in the slope and the x and y coordinates for a point on the line to solve y. Hope this helped! :)
Answer:
Rebecca does not have a return yet because the stock was not sold since there was a limit order at $33.
However, the value of her investment can be put around $2,400 (100 x $24 average price).
Step-by-step explanation:
Price of Havad Stock bought a year ago = $20
No. of shares = 100
Limit order selling price = $33
Stock prices during the limit order day = $23, $26, and $22
The stock cannot be sold, since its price did not reach $33.
Rebecca's limit order is an order to buy or sell her stock in Havad at $33 or better. Since her order is a sell limit order, it can only be executed at the limit price of $33 or higher. Unfortunately, the price of the stock did not reach the limit order on that particular day. This implies that her limit order is not guaranteed to execute.
Answer:
Variance is the difference between a Budgeted Amount and the Actual Amount. In terms of expenses, if the Budgeted amount is more than the Actual amount, the variance is Favorable because less was spent than was supposed to be spent.
The reverse is true.
Variance = Budgeted Amount - Actual amount
= 255 - 225
= $30
Percentage = Variance / Budgeted amount
= 30/255
= 11.76%
The variance is <u>FAVORABLE</u> because the actual amount was less than the budgeted amount.
