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horsena [70]
3 years ago
14

Solve the simultaneous equation y+x=42y-x=5​

Business
1 answer:
beks73 [17]3 years ago
6 0

Answer:

<h2>Value of X = 1</h2>

<h2>Value of y = 3</h2>

Solution,

Using substitution method,

y + x = 4

Move 'x' to the left hand side and change its sign:

y = 4 - x --------> equation (i)

Now,

2y - X = 5

putting the value of y from equation (i)

2( 4 - x ) - X = 5

8 - 2x - x = 5

8 - 3x = 5

- 3x = 5 - 8

- 3x = - 3

The difference sign (-) will be cancelled in both sides

3x = 3

3x/3 = 3/3

X = 1

Value of X is 1

Now, replacing the value of X in equation (i)

y = 4 - x

= 4 - 1

= 3

Value of y is 3

Hope this helps...

Good luck on your assignment...

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If your firm buys $1,000 worth of supplies on credit with terms 3/15 n60 and pays the bill on the 60thday after the purchase:
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Answer:

Nominal Cost of Trade Credit = 25.09%

Exact Cost of Trade Credit  = 28.03%

Explanation:

given data

buys worth =  $1,000

terms = 3/15 n60

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to find out

Nominal Cost of Trade Credit and Exact Cost of Trade Credit

solution

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time for Payment = 60 days

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so Nominal Cost of Trade Credit will be as

Nominal Cost of Trade Credit = Discount % ÷ (100 - Discount % ) × [ 365 ÷ (time for Payment - Discount Period) ]    ..................1

put here value we get

Nominal Cost of Trade Credit = \frac{0.03}{1-0.03} × \frac{365}{60-15}

Nominal Cost of Trade Credit = 25.09%

and

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Exact Cost of Trade Credit = (1+Discount % ÷ (100%-Discount %))^(365/(time for Payment - Discount Period) - 1    ..................2

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5 0
3 years ago
On January 2, 2016, Bray Corporation issues 900 shares of $100 par convertible preferred stock for $117 per share. On January 7,
nydimaria [60]

Answer:

See Explanation

Explanation:

1. Prepare the January 2, 2016, journal entry to record the issuance of the preferred stock.

The following entries are needed..

1. Cash

..... Preferred Stock

......Additional Paid-in capital for preferred stock

The entries are calculated as follows

Cash = 900 * $117 = $105,300

Preferred Stock = $100 par * 900 = $90,000

Additional Paid-in capital for preferred stock =$105,300 - $90,000 = $15,300

The entries are as follows

Cash ------- $105,300

Preferred Stock --------- $90,000

Additional Paid-in capital for preferred stock ------- $15,300

2a.

The entries are as follows

Preferred Stock

Additional Paid-in capital on preferred stock

Common stock

Additional Paid-in capital on preferred stock conversion

The entries are calculated as follows;

Preferred Stock = $100 par * 900 = $90,000

Additional Paid-in capital for preferred stock =$105,300 - $90,000 = $15,300

Common Stock = $7 par * 900 * 10 = $63,000

Additional Paid-in capital on preferred stock conversion =$105,300 - $63,000 = $42,300

The entries are as follows

Preferred Stock --------- $90,000

Additional Paid-in capital for preferred stock ------- $15,300

Common Stock ---------- $63,000

Additional Paid-in capital on preferred stock conversion -------- $42,300

b.

The entries are as follows

Preferred Stock

Additional Paid-in capital on preferred stock

Retained Earnings

Common stock

The entries are calculated as follows;

Preferred Stock = $100 par * 900 = $90,000

Additional Paid-in capital for preferred stock =$105,300 - $90,000 = $15,300

Common Stock = $12 par * 900 * 10 = $108,000

Retained Earnings =$108,000 - $90,000 - $15,300 = $2,700

The entries are as follows

Preferred Stock --------- $90,000

Additional Paid-in capital for preferred stock ------- $15,300

Retained Earnings = $2,700

Common Stock ---------- $108,000

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Answer:

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