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There is a 74 percent chance that an airline passenger will check bags. In the next 19 passengers that check in for their flight at Denver International Airport, find the probabilities that (a) All will check bags. (Round your answer to 4 decimal places.) P(X = 19) (b) Fewer than 12 will check bags. (Round your answer to 4 decimal places.) P(X < 12) (c) At least 12 will check bags. (Round your answer to 4 decimal places.) P(X ≥ 12).
A local finance company quotes a 17 percent interest rate on one-year loans. So, if you borrow $25,000, the interest for the year will be $4,250. Because you must repay a total of $29,250 in one year, the finance company requires you to pay $29,250/1..
What is the definition provided for current assets?
Calculate the monthly payment and total cost with a? one-year repayment period and 11 percent interest.
An investment will pay $50 at the end of each of the next 3 years, $200 at the end of Year 4, $350 at the end of Year 5, and $600 at the end of Year 6. If other investments of equal risk earn 10% annually, what is its present value?
Are there any economies of scale in a trader’s bunching together orders from five funds in the complex, each to buy 2,000 shares of Intel? Would your answer be the same if each of the five funds wanted to buy 100,000 shares of Intel?
Describe the anti-takeover strategy employed by Genzyme during the Sanofi acquisition. Discuss why each may have been employed. In your opinion, did the Genzyme strategy work?
KTS is trying to estimate the first-year operating cash flow. What is the operating cash flow in year 1?
A stock had returns of 12 percent, 6 percent, 13 percent, -11 percent, What is the geometric average return for this time period?
A company invests $ 1,000,000 at the brgining of the year. It adds another 250000 at the end of the first quater, withdraws $ 350000 at the end of the second quater adds $ 145000 at the end of the third quater and with draws $ 450000 of the remaining..
The effective annual cost to your firm if it chooses not to take advantage of the trade discount offered and stretches accounts payable to 45 days is closest to
Review the Comprehensive annual financial report (CAFR) for the city of Long Beach CA. What are the principal classes of capital assets associated with governmental activities that the city reports in it financial statements? What was the total amoun..
Our company is considering a project that will provide the following after tax cash flows to the firm: CF1 90,000 CF2 125,000 CF3 175,000 CF4 200,000 CF5 190,000 CF6 – 9 165,000 CF10 145,000 If we have a required return of 14% for this project, what ..
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