Linda, a manager and a currency trader for United Traders, h…

Linda, a manager and a currency trader for United Traders, has specific instructions from the CEO not to take a position on any currency in excess of $1 million. Linda sees what she believes to be a sure thing and takes a $20 million position. Unfortunately, the transaction goes bad and costs United $60 million. Does Linda have any liability to United? 

Use the following information to answer questions 41-45 Grey…

Use the following information to answer questions 41-45 Grey Wolf Lodge is a popular 500-room hotel in the North Woods.  Guests in every room are provided with a bar of their special pine-scented soap, and the bars are replaced whenever a guest checks out.  Daily demand for the soap is normally distributed with a mean of 300 bars and a standard deviation of 40 bars.  They place a replenishment order with their soap supplier every two days and the leadtime from the supplier is three days.