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The Steel Works, Inc

question 311

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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?

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Definitions:

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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