1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Reika [66]
3 years ago
14

The kiwanis club sold citrus fruit to raise money for their scholarship fund. a box of oranges costs $21 and a box of grapefruit

costs $27. they sold 747 boxes of citrus for a total of $18,003. how many boxes of grapefruit did they sell?
Business
2 answers:
lesantik [10]3 years ago
6 0

Answer:

346 boxes of grape fruit

Explanation:

In order to solve this we are going to create a simple system of equations, the number of boxes of oranges will be represented with the letter Y and the number of boxes of grape fruit will be represented with the letter X:

21y + 27x= 18,003

x+y=747

x=747-y

Now we insert that into the first equation:

21y-27(747-y)=18,003

-6y=18,033- 20169

-6y=-2166

y=-2166/-6

y=361

We know that the kiwanis club sold 361 boxes of oranges, now we inster that value into our second equation to solve for the boxes of grapefruit:

x=747-y

x=747-361

x=386

SO they sold 386 boxes of grapefruit.

Sunny_sXe [5.5K]3 years ago
3 0
The kiwanis club sold 346 grape fruit
You might be interested in
Marigold Company owns equipment that cost $936,000 and has accumulated depreciation of $395,200. The expected future net cash fl
DanielleElmas [232]

Answer:

Dr Impairment expense (p/l)   $20,800

Cr Accumulated depreciation   $20,800

Being entries to recognize the impairment of asset.

Explanation:

An asset is said to be impaired when the carrying amount is higher than the recoverable amount. The recoverable amount is the higher of the value in use (the expected future net cash flows from the use of the asset) and the  fair value less cost to sell.

Given;

Cost = $936,000

Accumulated depreciation = $395,200

Carrying amount = $936,000 - $395,200

= $540,800

The recoverable amount is the expected future net cash flows from the use of the asset $520,000 as this is higher than the fair value of the equipment which is $416,000.

Since the carrying amount is higher than the recoverable amount, the asset is impaired.

Impairment = $540,800 - $520,000

= $20,800

The journal entries,

Dr Impairment expense (p/l)   $20,800

Cr Accumulated depreciation   $20,800

Being entries to recognize the impairment of asset.

3 0
3 years ago
At the end of May, the following adjustment data were assembled.
777dan777 [17]

Answer and Explanation:

The adjusting entries are as follows:

a.  Insurance expense $275  

            To Prepaid insurance $275

(To record the insurance expense)

b.  Supplies expense $785 ($1,500 - $715)

            To Supplies $785

(To record the supplies expense)

We assume the balance of supplies before adjustment is $1,500

c. Depreciation - office equipment $330

          To Accumulated depreciation $330

( To record the depreciation expense)

d. Salary Dr $325

        To Accrued salary $325

(To record  the accrued salary)

e.  Rent expense $1,600  

           To Prepaid rent $1,600

(To record the rent expense )

f. Unearned fees $790  

          To Fees revenue $790

(To record the unearned fees is recorded)  

We assume the balance of unearned fees before adjustment is $4,000

Therefore, $790 is arrive from

= $4,000 - $3,210

= $790

7 0
2 years ago
What is a corporate bond? why would a company use bonds as a source of financing?
NeTakaya

Answer and explanations : In simple words, corporate bonds refers to the debt securities that are issued  by the corporations for capital funding. Companies are obligated to make return on such investments and some time these debts are support by some asset as collateral. In other words, these are fixed obligations.

The reason behind issuing corporate bonds for funding is , first they are the cheapest sources of finance after retained earnings. Companies are obligated to pay return on these hence for the security off return investors usually purchase them even at lower prices.

Also these shareholders can be repaid back fully and have no control over the operation of the business which gives management some flexibility.

                                             

4 0
3 years ago
What tool in Word can you use to search your entire document for spelling and grammar errors?
Sindrei [870]

Answer:

Spelling and Grammar check.

Explanation:

5 0
2 years ago
Real and nominal income is calculated respectively at----
SpyIntel [72]

Answer: Constant price and Current price

Explanation:

Real income and nominal income is calculated respectively at the constant price and the current price.

The constant prices has to do with the real values that has taken inflation into consideration. They are typically in real value.

The current prices are the prices of goods and services at a particular point in time. Current prices are typically in nominal value.

Therefore, the answer is option D.

5 0
3 years ago
Other questions:
  • A company in panama pays for a u.s. architect to design a factory building. by itself this transaction
    12·1 answer
  • The simple objective of financial planning is to make the best use of your resources to achieve your financial goals.
    13·1 answer
  • In a typical scenario planning exercise,:
    6·1 answer
  • A shortage of a natural resource can lead to which phase in the business cycle?
    12·1 answer
  • How do you use morningstar. thx:)
    14·1 answer
  • The cost of preferred stock is computed the same as the:
    13·1 answer
  • Indicate whether each of the following descriptions represents saving or investment, as defined by a macroeconomist.
    13·1 answer
  • Rousey, Inc., had a cash flow to creditors of $16,380 and a cash flow to stockholders of $6,740 over the past year. The company
    15·1 answer
  • When Ian experiences diminishing marginal utility when buying shirts,
    9·1 answer
  • Dobson Construction specializes in the construction of commercial and industrial buildings. The contractor is experienced in bid
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!