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dem82 [27]
3 years ago
14

Korey’s comic book store has been up and running for 4 years. Korey feels that his store has been successful and is considering

moving to a larger property to allow for greater inventory and customer opportunities in his business. He would like investors to cover the cost of his expansion.
The profits of Korey’s comic book store for its first four years are outlined below. According to this information, what would be the best estimate for Korey to quote as expected profits in the next year in his new business plan?
Year
Net Profits
1
$14,250.00
2
$15,390.00
3
$16,621.20
4
$17,950.90
5


a.
$20,550.19
b.
$19,090.90
c.
$19,280.60
d.
$19,386.97
Mathematics
2 answers:
Inessa05 [86]3 years ago
8 0
Year      Net Profit
1            <span>$14,250.00
2            $15,390.00
3            $16,621.20
4            $17,950.90</span>2

We need to get the increase of the net profit of the current year from the previous year.

Percentage increase = (Current year - Previous Year)/ Previous Year    * 100%

Year 2:  (15,390 - 14, 250) / 14,250   * 100% = 0.08 * 100% = 8%
Year 3: (16,621.20 - 15,390) / 15,390 * 100% = 0.08 * 100% = 8%
Year 4: (17,950.90 - 16,621.20) / 16,621.20 * 100% = 0.08 * 100% = 8%

Every year the net income increases by 8%. So, the net income in Year 5 will be:

17,950.90 x 1.08 = 19,386.97  Choice D.

ira [324]3 years ago
6 0
D. $19,386.97 is the right answer
had it on a test
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3 years ago
50 POINTS TO WHOEVER HELPS WITH THIS I NEED IT ASAP PLEASE HELP
Tresset [83]

Answer:

<em>4a ) Difference ⇒ $ 63.24,</em>

<em>4b ) 4 children</em>

Step-by-step explanation:

4a ) If the number of children is represented by the value of x, let us substitute a family of 2 children as value of x into this equation we are given;

y = 21.08 * ( 2 ) + 85.15 ⇒ Multiply 21.08 by 2,

y = 42.16 + 85.15 ⇒ Combine like terms,

y = 127.31

If y ⇒ amount spent on grocery's, let us solve for the amount spent on 5 children, and subtract from this amount;

y = 21.08 * ( 5 ) + 85.15 ⇒ Multiply 21.08 by 5,

y = 105.4 + 85.15 ⇒ Combine like terms,

y = 190.55

Difference; 190.55 - 127.31 = 63.24,

<em>Solution; Difference ⇒ $ 63.24</em>

4b ) If the amount is $ 169.47, let us plug it into our given equation provided amount spent on groceries ⇒ y;

169.47 = 21.08x + 85.15 ⇒ Subtract 85.15 from either side of equation,

21.08x = 84.32 ⇒ Divide either side 21.08,

x = 4 children

<em>Solution; 4 children</em>

7 0
3 years ago
Sam makes some bread rolls. He gives 2/5 of the bread to his neighbor and 4/9 of the remainder to his cousin. He has 15 tools le
Cerrena [4.2K]

Answer:

Sam initially made 45 bread rolls

Step-by-step explanation:

Let x = total number of bread rolls made by Sam. He gives 2/5 of the bread to his neighbor. This means he gave 2/5 × x =

2x/5 bread rolls to his neighbor.

The remainder would be x - 2x/5 =3x/5

He gave 4/9 of the remainder to his cousin = 4/9 ×3x/5=12x/45

=4x/15

He has 15 bread rolls left

Total number of bread rolls = what he has left + what he gave his cousin + what he gave his neighbor

x = 15 + 4x/15 + 2x/5

Taking LCM of 15 and cross multiplying

15x= 225+4x + 6x

15x = 225 +10x

15x-10x = 225

5x = 225

x = 225/5 =45

Sam initially made 45 bread rolls

4 0
4 years ago
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joja [24]
First you find how much the shape has dilated. To d ok that you divide the size of the size already given to you from the bigger shape from the same did if the smaller shape. So 58÷6=9.7. The shape grew by 9.7. To find x you use the similar side of the other shape again and multiy that size by 9.7. So 9.7×3=29.1

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4 0
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You would do 1/3 * 24

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So 8 are red

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3 years ago
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