Step 1: The magnifying power \( M \) of the telescope in normal adjustment is given by the formula:
\[
M = \frac{f_{\text{objective}}}{f_{\text{eyepiece}}}
\]
where \( f_{\text{objective}} \) is the focal length of the objective lens and \( f_{\text{eyepiece}} \) is the focal length of the eyepiece.
Step 2: Substituting the given values:
\[
M = \frac{150 \, \text{cm}}{5 \, \text{cm}} = 30
\]
Thus, the magnifying power of the telescope in normal adjustment is 30.
Step 3: To find the distance of the image formed by the objective, we use the lens formula:
\[
\frac{1}{f_{\text{objective}}} = \frac{1}{v_{\text{objective}}} - \frac{1}{u_{\text{objective}}}
\]
where \( f_{\text{objective}} \) is the focal length of the objective lens, \( v_{\text{objective}} \) is the image distance, and \( u_{\text{objective}} \) is the object distance.
Step 4: In normal adjustment, the object is at infinity, so \( u_{\text{objective}} \to \infty \). Therefore, the lens formula simplifies to:
\[
\frac{1}{f_{\text{objective}}} = \frac{1}{v_{\text{objective}}}
\]
\[
v_{\text{objective}} = f_{\text{objective}} = 150 \, \text{cm}
\]
Thus, the distance of the image formed by the objective is 150 cm.