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NEW QUESTION: 1
A paint shop sells spray cans at a flat charge of 50 cents per can. If a customer bought 10 cans and the owner decided to give that customer a special discount on the last two cans, what was the price of the two discounted cans?
(1) The customer paid four dollars and twenty cents total for the ten cans.
(2) The customer bought the ten cans for an average price of 42 cents per can.
A. Statement (1) BY ITSELF is sufficient to answer the question, but statement (2) by itself is not.
B. Either statement BY ITSELF is sufficient to answer the question.
C. Statements (1) and (2) TAKEN TOGETHER are sufficient to answer the question, even though NEITHER statement BY ITSELF is sufficient.
D. Statement (2) BY ITSELF is sufficient to answer the question, but statement (1) by itself is not.
E. Statements (1) and (2) TAKEN TOGETHER are NOT sufficient to answer the question, requiring more data pertaining to the problem.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Statement (1) tells us that 10 cans cost 4.2 dollars instead of 5 dollars and therefore the last two cans were sold for 20 cents. This statement is sufficient.
Statement (2) also tells us that the entire amount of cans cost 4.2 and therefore this statement is also sufficient.

NEW QUESTION: 2
Which air supply modes requires reasonable raised floor height?
A. Under floor air supply mode.
B. In-row horizontal air supply mode
C. Air supply mode using wind pipe
D. Air supply mode using blast caps
Answer: A

NEW QUESTION: 3
Calculate the settlement amount for a buyer of a 3 x 6 FRA with a notional of $1m and contract rate of 5%.
Assume settlement rate is 6%.
A. Pay $9434
B. Receive $9434
C. Receive $2463
D. Pay $2463
Answer: C
Explanation:
Explanation
An m x n FRA is an agreement to borrow money for a period starting at time m and ending at time n at the contracted rate. Therefore, the buyer of the 3 x 6 FRA has committed to borrow $1m at the beginning of 3 months and return it at the end of 6 months, ie a total borrowing period of 3 months at a rate of 5%. Of course, the $1m is never actually exchanged, and at the beginning of the 3 month period when the next three months' interest rate is known (6%), the parties merely exchange the difference in the interest. SInce this interest was only due at the end of the 6 months and is being exchanged at the 3 month time point, it will have to be discounted to its present value.
The correct answer to this question is =(1,000,000 * (6% - 5%) * 3/12)/(1 + (6%*3/12))=$2463.05. Since interest rates rose, the borrower gained as he has the right to borrow at a lower rate, and therefore the seller will pay the borrower.
(Here:
- $1m is the notional
- 6% - 5% represents the difference between the contracted and the realized interest rates
- 3/12 is the 3 month period from month 3 to 6
- Finally, we divide by the current interest rate for 3 months to present value the payment from month 6 to month 3)

NEW QUESTION: 4
HOTSPOT
Match the functionality of the online and offline editions of HP Insight Diagnostics.


Answer:
Explanation:

Display the server serial number - both HP Insight Diagnostics Online Edition and HP Insight Diagnostics offline edition
Diagnostic testing of individual server subsystems - HP Diagnostics Online Edition only Determination of operating system or kernel version - HP Insight Diagnostics offline edition only