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The Steel Works, Inc. is required to carry a minimum of 40 days' raw steel, which is 250 tons. It takes 15 days between order and delivery. At what level of steel would Steel Works reorder?
1933 Act
The U.S. Securities Act of 1933, a federal law enacted as a result of the stock market crash of 1929, aimed at regulating the securities market and protecting investors.
Registration Statement
A set of documents, including a prospectus, filed with a regulatory body like the SEC by companies wishing to issue public shares.
Material Misstatements
False or inaccurate statements that are significant enough to impact an investor's or decision-maker's judgment.
SEC Rule 504
SEC Rule 504 of Regulation D allows certain small businesses to offer and sell up to $5 million of their securities in any 12-month period without having to register the securities with the SEC.
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