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kumpel [21]
2 years ago
11

Rick took his family to a major league baseball game. he gave his son $100 to buy food and drinks for the group. hot dogs cost $

3.50 each, milk shakes costs $8.00 each, and soda costs $5.00 each. his son returned with $25.50 in change. there were 8 beverages total in the order. how many hot dogs, milk shakes, and sodas were purchased
Business
1 answer:
Alchen [17]2 years ago
5 0
Rick gave his son $100 to buy food and drinks. His son returned with $25.50 in change. Therefore the amount spent was
$100 - $25.50 = $74.50.

Let
x = number of hot dogs bought (at $3.50 per hot dog).
y = number of milk shakes bought (at $8 per milk shake).
There were 8 orders of soda at $5 per soda.

The total order is $74.50, therefore
3.50x + 8y + 8*5 = 74.50
Simplify to obtain
8y = 74.5 - 3.5x
  y = 4.3125 - 0.4375x

We must have whole numbers (integers) for x and y.
Create a table that varies x from 0 to 8, and look for y to be an integer, as shown below.

  x       y
---  -------
 0   4.3125
 1    3.8750
 2   3.4375
 3   3
 4   2.5625
 5   2.1250
 6   1.6875
 7    1.2500
 8    0.8125

Because we cannot have fractional values for either x or y, the solution is x=3, y=3

Answer:
3 hot dogs, 3 milk shakes, and 8 sodas.
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Total cash= $193,000

Explanation:

Giving the following information:

Estimated sales ($):

January= $150,000

February= $180,000

March= $220,000

40% in cash from that same month of​ sales

50% in cash from the previous​ month's sales

10% in cash from the sales from two months ago

C<u>ash collection March:</u>

From March= 220,000*0.4= 88,000

From February= 180,000*0.5= 90,000

From January= 150,000*0.1= 15,000

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3 years ago
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3 0
3 years ago
Seattle Health Plans currently uses zero-debt financing. Its operating profit is $6 million, and it pays taxes at a 23 percent r
ahrayia [7]

Answer: ROE increases by 56.5% to 102.7%

Explanation:

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With new capital structure:

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4 0
2 years ago
Firm A has 11 equally risky capital budgeting projects, each costing $29.608 million and each having an expected rate of return
Vanyuwa [196]

Answer:

How much capital should Firm A raise and invest?

$296.08 million should be raised and invested in projects.

Explanation:

WACC = 8% when A's retained earnings breakeven point = $296.08 million

Expected rate of return = 8.25%

WACC is less than expected rate of return.

Therefore, WACC is less than expected rate of return, which is beneficial, since cost of capital is less than expected rate of return.

therefore, $296.08 million should be raised.

If the firm A raises, more than $296.08 million, <u>WACC</u> would be <u>increasing</u> to <u>8.5%</u>, this is greater than the <u>expected rate of return i.e. 8.25%. </u>

Hence raising amount <u>more than $296.08 million</u> will not be beneficial.

Hence it is clear that amount which should be raised and invested =$296.08 million.

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5 0
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Answer:

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8 0
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