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 $3700, and the average first-year commission for each new account opened is $5300. 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 × $ 5,300 ) – $ 3,700 What type of random variable is the number of new accounts opened? (Hint: Review Appendix 12.1 for descriptions of various types of probability distributions.) The number of new accounts opened is a binomial random variable with 25 trials and 0.01 probability of a success on a single trial. Assume that the number of new accounts you get randomly is: Simulation Trial New Accounts 1 0 2 0 3 0 4 0 5 0 6 2 7 2 8 1 9 1 10 0 11 1 12 2 13 1 14 2 15 0 16 0 17 0 18 0 19 1 20 0 21 1 22 0 23 1 24 0 25 0
Answers: 3
Business, 22.06.2019 06:30
If a seller prepaid the taxes of $4,400 and the closing is set for may 19, using the 12 month/30 day method what will the buyer owe the seller as prorated taxes?
Answers: 1
Business, 22.06.2019 09:30
An object that is clicked on and takes the presentation to a new targeted file is done through a
Answers: 2
Business, 22.06.2019 12:10
The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)
Answers: 1
Business, 22.06.2019 19:00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
To generate leads for new business, Gustin Investment Services offers free financial planning semina...
Mathematics, 22.12.2020 06:40
Social Studies, 22.12.2020 06:40
Mathematics, 22.12.2020 06:40
Mathematics, 22.12.2020 06:40
Social Studies, 22.12.2020 06:40
Mathematics, 22.12.2020 06:40
Mathematics, 22.12.2020 06:40