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ycow [4]
3 years ago
14

Soup and salad cost $5.50 in total. the soup costs a dollar more than the salad. how much does the salad cost (in cents)?

Business
2 answers:
Alik [6]3 years ago
7 0

Let the cost of soup be X 
Let the cost of salad be Y
 The soup and salad cost totally be X+Y= 5.50 ---eqn 1
 Given the relation that the cost of soup(X) is a one dollar more than that of
salad (Y),and it can be written as a equation X = Y+1 - -eqn 2 
 Sub eqn 2 in 1 we get Y+Y+1 =5.50 ; 2Y+1 = 5.50 ; Y = 2.25
  therefore X+Y= 5.50 ; sub Y in the equation 1 X+2.25 = 5.50 ; 
  X = 5.50 - 2.25 = 3.25 ; ie soup = 325 cents ; salad = 225 cents
atroni [7]3 years ago
4 0
Soup + Salad = 5.50

Soup = Salad + 1

Subtitute both formulas into:

Salad + 1 + Salad = 5.50

2 Salad = 4.50

Salad = $ 2.25
 
          = 225 cents




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kykrilka [37]

Natural monopoly  tends to serve a whole market exclusively.

<h2>What is Natural Monopoly?</h2>

A natural monopoly is a sort of monopoly that frequently arises as a result of the high start-up costs or considerable economies of scale of operating a business in a particular industry, which can result in significant barriers to entry for potential competitors. In a certain sector or region, a corporation with a natural monopoly might be the exclusive supplier of a given good or service. In industries that need specialized technology, raw materials, or other elements to function, natural monopolies may develop.

<h3>Key Features of Natural Monopoly</h3>
  • A natural monopoly is a special kind of monopoly that develops when there is only one company that can effectively provide the service in a particular area due to high start-up costs and considerable economies of scale.
  • A business with a natural monopoly may be the exclusive supplier of a good or service in a given sector or region.
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7 0
1 year ago
Which of the following is an advantage of the interacting group decision-making method? a.Interaction among people can spark new
uysha [10]

Answer:

The correct answer is letter "A": Interaction among people can spark new ideas.

Explanation:

Group decision-making is the activity in which members of a get together to collectively decide the course of the plan they will take to reach the group's objective. This practice allows individuals of a group to feel their voice is being heard and are more likely to accept the final decision to be taken since they will feel part of their ideas are included there. It is thanks to the interaction among those individuals that the ideas helping to the concluding decision are sparked.

7 0
3 years ago
Suppose that Fizzo and Pop Hop are the only two firms that sell orange soda. The following payoff matrix shows the profit (in mi
Serga [27]

Solution :

It is given that Fizzo and Pop Hop sells orange soda. Fizzo advertises about his drinks while Pop Hop does not advertises.

According to the matrix provided we can conclude that :

-- If Fizzo wishes to advertise about his soda drinks, he will earn a profit of 8 million dollar and if Pop Hop do advertises and a 15 million dollar if Pop Hop does not advertises.

-- If Fizzo does not advertise, it will earn profit of about 2 million dollar if Pop Hop advertises and 9 million dollar if Pop Hop does not advertises.

-- When Pop Hop wished to advertise , Fizzo will make a higher profit if he chooses to advertise.

-- When Pop Hop do not advertise, Fizzo will make a higher profit when it chooses to advertise.

And if both the firms acts independently and they start off not advertising, then --- both firms will advertise as both of them will earn highest profits each.

If both the firms collude and both firms start off not advertising, the strategies they will end up is that both the firms will not advertise as the joint profit will be maximized.

3 0
3 years ago
The dollars available from each unit of sales to cover fixe
lbvjy [14]

Answer:

False

Explanation:

Variable costs are part of direct expenses incurred in the production of goods meant for sales. Variable costs have a direct and proportionate relationship with the output level. An increase in output level increases variable costs. Examples of variable costs are packaging and raw materials.

The contribution margin is the dollar amount available from the sale of each unit to cater for fixed costs and profits. It is calculated by subtracting variable costs from the selling price. The contribution margin is used in determining the break-even point and the output level required to achieve desired profits.

5 0
3 years ago
As of December 31, 2020, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $8,400
maksim [4K]

Answer:

$1,583

Explanation:

Accounts receivables as at 31/12/2021 = $236,000

A/R as at 31/12/2022 :

= Accounts receivables as at 31/12/2021 + increase in AR

= $236,000 + $22,300

= $258,300

Uncollectible accounts = 1% of accounts receivables

= 1% × $258,300

= $2,583

Allowance 31/12/2021 = $8,400

Writes off = $7,400

Therefore,

Allowance = Allowance 31/12/2021 - writes ofd

= $8,400 - $7,400

= $1,000

Hence,

Bad debt expense for 2021 = Uncollectible accounts - Allowance

= $2,583 - $1,000

= $1,583

5 0
3 years ago
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