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Akimi4 [234]
3 years ago
6

Club A offers membership for a fee of $ 23 plus a monthly fee of $ 29. Club B offers membership for a fee of $ 27 plus a monthly

fee of $ 27. After how many months will the total cost of each health club be the​ same? What will be the total cost for each​ club?
Business
1 answer:
vaieri [72.5K]3 years ago
8 0

Answer:

The total cost will be the same after 0.5 months.

The total cost for each club will be $40.5.

Explanation:

let x be the number of months

let y be the total cost

For club A: y = $23x + $29

For club B: y = $27x + $27

the total cost will be equal after:

$23x + $29 = $27x + $27

$27 - $23 = $29 - $27

         $4x = $2

x = 0.5 months

Therefore, the total cost will be the same after 0.5 months.

the total cost will be = $23(0.5) + $29 = $40.5

Therefore, the total cost for each club will be $40.5.

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During 2022, Oriole Company sold equipment with a book value of $158400 for proceeds of $191400. The company purchased new equip
kramer

Answer:

Cash Inflow of $191,400

Explanation:

There are three types of activities in the cash flow statement which are described below:  

1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.

In the given case, the sale proceed of equipment is consider in the investing activity i.e $191,400

5 0
3 years ago
When a life insurance company advertises the safety and security of its products, it is using a ________ advertising strategy.
horrorfan [7]

I believe the answer is: C. persuasive

Persuasive advertising strategy, is a form of technique that is used to influence the consumers to do something, based on their pathos (appeal to the emotions)  logos ( appeal to their logical thinking) , and ethos (appeal to the ethical standard that they held in their life)

3 0
3 years ago
Read 2 more answers
If a stock split occurred, when calculating the current year's EPS, the shares are treated as issued:A. At the end of the year.B
son4ous [18]

Answer:

Correct answer is (C)

Explanation:

At the beginning of the year.

Earnings per share (EPS) is the portion of profit earned by the company that is allocated to each outstanding share of its common stock. It is determined by taking the difference between a company's net income and dividends paid for preferred stock and then divided by the average number of shares outstanding. So if stock split occurred when calculating the current year EPS, the shares are treated as issued at the beginning of the year.

7 0
2 years ago
Suppose a life insurance company sells a ​$290 comma 000 ​one-year term life insurance policy to a 20​-year-old female for ​$280
Monica [59]

Answer:

The insurance company will gain an expected value $176.66032

Explanation:

The expected value is the gain or loss of an event and is calculated each outcome by its probability.

In our case we have to consider all events as follows;

The probability of dying means the insurance company will have a loss of $290,000 and gain $280 which is the cost of the policy. The probability of this happening=(1-probability of living)=(1-0.999644)=0.000356

The probability of living means the insurance company will gain $280, and the probability of this happening=0.999644

The gain or loss from death=280-290,000=-$289,720

The gain or loss from living=$280

Expected value=(The loss from death×probability of death)+(The gain from living×probability of living)

where;

The loss from death=-$290,000

Probability of death=0.000356

The gain from living=$280

Probability of living=0.999644

replacing;

Expected value=(-290,000×0.000356)+(280×0.999644)

Expected value=(-103.24+279.90032)

Expected value=$176.66032

The insurance company will gain an expected value $176.66032

4 0
2 years ago
Often consumers base their perception of price on what they perceive to be the customary or ________.
ycow [4]
Based on other stores, and what their prices are too
3 0
3 years ago
Read 2 more answers
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