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Ann [662]
3 years ago
10

A store manager wishes to reduce the price of her fresh ground coffee by mixing two grades. if she has 50 pounds of coffee which

sells for $1.20 per pound, how much coffee worth 80 cents per pound must she mix with it so that she can sell the final mixture for $1.00 per pound?
Business
2 answers:
WARRIOR [948]3 years ago
8 0
Assume C and E types, which represent lbs of each.
C=50
50*1.20+.80E=1.00*(50+E)
60+.8E=50+E
.2E=10
<span>E=50 lbs 

50lbs is the answer!
</span>
NARA [144]3 years ago
6 0

Answer:

50 pounds of expensive and 50 pounds of cheap

Explanation:

Make a variable for each type of coffee.

x = pounds of expensive coffee (we already know it is 50 pounds)

y= pounds of cheap coffee

(50 *$1.20) + ($.8y) = $1(50 +y)

60 + .8y = 50 + y

10= .2y

y= 50 pounds of cheap coffee

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The correct answer to this open question is the following.

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8 0
3 years ago
Harrod Company paid $4,800 for a 4-month insurance premium in advance on November 1, with coverage beginning on that date. The b
Cerrena [4.2K]

Answer:

Debit Insurance Expense, $2,400; credit Prepaid Insurance, $2,400.

Explanation:

The journal entry is given below

Insurance expense A/c Dr $2,400

        To Prepaid Insurance $2,400

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6 0
3 years ago
Fifteen years ago, Mr. Fairhold paid $50,000 for a single-premium annuity contract. This year, he began receiving a $1,300 month
marusya05 [52]

Answer: $1091.61

Explanation:

From the question, we are told that fifteen years ago, Mr. Fairhold paid $50,000 for a single-premium annuity contract and that this year, he began receiving a $1,300 monthly payment that will continue for his life and based on his age, he can expect to receive $312,000. The amount of each monthly payment is taxable income to Mr. Fairhold goes thus:

Based on the question, Mr Fairhold will have a tax free return of the $50,000 paid. The exclusion ratio will be the investment divided by the expected return. This will be:

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