1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paraphin [41]
4 years ago
9

Assume rocky mountain railway is considering hiring a reservations agency to handle passenger reservations. The agency would cha

rge a flat fee of $12000 per month, plus $1 per passenger reservation. What is the the total reservation cost if 50,000 passengers take the trip next month?
Business
1 answer:
meriva4 years ago
6 0
Alright, so we start out with $12000, and we'd add from there. Since we add 1$ for every passenger, our equation with p being the number of passengers would be 1*p (e.g. for 1 passenger we have 1*1=1, 2 passengers we have 1+1(2 times)=2). Substituting 50,000 for p, we have 1*50,000=50,000. Next, we have to add 12,000 to that (as that's a flat fee) to get 50000+12000=62000
You might be interested in
The Back Room just paid an annual dividend of $1.50 a share. The firm expects to pay dividends forever and to increase the divid
umka2103 [35]

Answer:

$26.05

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid = d0 x (1 + growth rate)

d0 = dividend that was just paid

r = cost of equity

g = growth rate

1.5 x (1.045^6) / 12 - 4.5 = $26.05

6 0
4 years ago
​Hilltop Golf Course is planning for the coming golfing season. Investors would like to earn a 15% return on the​company’s $50,0
PSYCHO15rus [73]

Answer:

correct option is b. $92

Explanation:

given data

earn  return = 15%

assets = $50,000,000

Fixed costs = $30,000,000

golf played = 500,000 rounds

Variable costs = $17 per round

solution

we know total cost = fixed cost + variable cost

here variable cost = 500,000 × 17 per unit = 8,500,000

so total cost = 30,000,000 + 8,500,000

total cost = $38,500,000

and

return on investment is = 50,000,000 × 15%

return on investment is = $7,500,000

so desired sales is here

desired sale = $38,500,000  +  $7,500,000

desired sale = $46,000,000

so target selling price = \frac{46,000,000}{500,000}

target selling price = 92

so correct option is b. $92

7 0
3 years ago
You have just received notification that you have won the $2.12 million first prize in the Centennial Lottery. However, the priz
Juliette [100K]

Answer:

  • <u>$6,044.13</u>

Explanation:

The present value formula is:

Present\text{ }value=\dfrac{Future\text{ }value}{(1+r)^n}

Assuming annual compounded interest, r = 9% = 0.09 and n = 68 years.

Substituting and computing:

    Present\text{ }value=\dfrac{\$2,120,000}{(1+0.09)^{68}}=\$6,044.13

<u />

3 0
4 years ago
A computer manufacturer sells motherboards, CPUs, and cases. They only sell products in packages. Package 1 contains 2 motherboa
Gwar [14]

Answer:

The company must sell:

  • 13 No. 1 packages
  • 6 No. 2 packages
  • 17 No. 3 packages

Explanation:

the company currently has 32 motherboards, 18 CPUs, and 90 cases

Package 1 ⇒ IT MUST SELL 13 OF THESE TO SELL ALL THE MOTHERBOARDS LEFT.

2 motherboards x 13 = 25 motherboards sold

3 cases x 13 = 39 cases sold

Package 2 ⇒ IT MUST SELL 6 OF THESE TO SELL ALL ITS CPUs.

1 motherboard x 6 = 6 motherboards sold

3 CPUs x 6 = 18 CPUs sold

Package 3  ⇒ IT MUST SELL 17 OF THESE TO SELL ALL ITS CASES.

3 cases x 17 = 51 cases sold

8 0
3 years ago
Pacific Bank provides loans to businesses in the community through its Commercial Lending Department. Small loans (less than $10
Reptile [31]

Answer:

Explanation:

As auditor, I may not agree with the policy that is been changed. It

is believed that, by default there is a normal loan risk that is been associated with the business of Pacific Bank. A way to help reduce this risk is to carefully asses the loan applications. Loans that are large has greater risk in the event of default compared to smaller loans. Therefore, it is reasonable to have more than several individual involved in decision making give a loan that is very big. In addition, loans should be given base on those that meet the requirements, it should not be on the base on favoritism or people with relationship with bank president. Giving the bank president the power to give huge loans may lead to him granting loans to people who he is familiar with, without the required due process been followed. This may cause the bank to be credit exposed risks that are poor.

6 0
4 years ago
Other questions:
  • Respond in paragraph form to the following question:
    12·1 answer
  • For apparel manufacturer Abercrombie &amp; Fitch, Inc., classify each of the following costs as either a product cost or a perio
    11·1 answer
  • 20. Frictional unemployment is inevitable because: A) different sectors do not shift. B) the economy needs to be lubricated. C)
    9·1 answer
  • I am 48 years, 48 weeks, 48 days and 48 hours old. How old am I?
    6·1 answer
  • Blended Company uses the allowance method to account for uncollectible receivables. At the beginning of the​ year, Allowance for
    8·1 answer
  • Strategically evaluating the company's current lines of business, new businesses it will be getting into, businesses it will be
    6·1 answer
  • Moonbeam Company manufactures toasters. For the first 8 months of 2020, the company reported the following operating results whi
    10·1 answer
  • When a product reaches the decline stage of the product life cycle, a firm has two choices. One choice involves product deletion
    12·1 answer
  • A cap-and-trade policy is an efficient method of reducing pollution because a.only high-cost firms will be forced to reduce poll
    6·1 answer
  • Many businesses borrow money during periods of increased business activity to finance inventory and accounts receivable. Neiman
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!