Problem 16-05 to generate leads for new business, gustin investment services offers free financial planning seminars at major hotels in southwest florida. gustin conducts seminars for groups of 25 individuals. each seminar costs gustin $4000, and the average first-year commission for each new account opened is $5100. gustin estimates that for each individual attending the seminar, there is a 0.01 probability that he/she will open a new account. determine the equation for computing gustin’s profit per seminar, given values of the relevant parameters. round your answers to the nearest dollar. profit = (new accounts opened × $ ) – $ what type of random variable is the number of new accounts opened

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i.e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i.e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.

You should do all of the following before a job interview except

Garcia industries has sales of $200,000 and accounts receivable of $18,500, and it gives its customers 25 days to pay. the industry average dso is 27 days, based on a 365-day year. if the company changes its credit and collection policy sufficiently to cause its dso to fall to the industry average, and if it earns 8.0% on any cash freed-up by this change, how would that affect its net income, assuming other things are held constant? a. $241.45b. $254.16c. $267.54d. $281.62e. $296.44