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
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.

You might be interested in
Observe the Sales Budget and determine which primary responsibility the managerial accountant uses todetermine which quarter gen
pantera1 [17]

Answer:

"Directing" seems to be the right response.

Explanation:

  • Directing seems to be the major concern of the financial analyst to ascertain whether the significant proportion obtained that much sales figures for every unit cost of production throughout addition to changing the marketing campaign.
  • Strategy formulation, trying to organize, staff numbers would not have any significance if the management function doesn't take place.

Therefore the method above is the right one.

4 0
2 years ago
ompare the cost of the following leasing agreement with the finance charge on a loan for the same time period: The value of the
kow [346]

Answer:

One would want to finance this car rather than take this lease if the finance cost were $11,000 or less

Explanation:

<em>a). </em>Finance charge on the loan

<em>Step 1: Determine the depreciation cost</em>

The depreciation cost can be determine using the expression below;

Depreciation cost=Purchase value-salvage value

where;

Purchase value=$15,000

salvage value=$4,000

replacing;

Depreciation cost=15,000-4,000=$11,000

The total finance charge=$11,000

b). Cost of leasing agreement

<em>Step 2: Determine cost of leasing agreement</em>

Cost of leasing agreement=down payment+monthly payment+acquisition fee

where;

down payment=$500

monthly payment=$315

total monthly payment for 3 years=315×12×3=$11,340

acquisition fee=$300

disposition charge=$150

replacing;

cost of leasing agreement=500+11,340+300+150=$12,290

cost of leasing agreement=$12,290

The cost of lease agreement ($12,290) is greater than the total finance charge ($11,000)

One would want to finance this car rather than take this lease if the finance cost were $11,000 or less

8 0
3 years ago
On July 15, 2021, Cottonwood Industries sold a patent and equipment to Roquemore Corporation for $750,000 and $325,000, respecti
cupoosta [38]

Answer:

Journal entry to record the Sale of Patent

Debit : Cash $750,000

Credit : Patent at Book Value $120,000

Credit : Profit and Loss $630,000

Journal entry to record the Sale of Equipment

Debit : Cash $325,000

Debit : Profit and loss $75,000

Debit : Accumulated depreciation $150,000

Credit : Equipment at Cost $550,000

Explanation:

During a sale transaction the entity recognizes 1. The Cash Proceeds resulting from the sale, 2. The Profit or loss resulting from the sale, 3.The entity derecognizes the Cost or Book Value of the Asset as well as the Accumulated depreciation.

A profit of $630,000 has been earned as a result of the sale of the Patent, whereas a loss of $75,000 has been incurred as a result of sale of Equipment.

8 0
3 years ago
A government policy that sets the highest price that can be charged for a good or service is a __________.
trasher [3.6K]

Answer:

B. price ceiling.  

A government policy that sets the highest price that can be charged for a good or service is a price ceiling.

3 0
3 years ago
And an anonymous survey, 2.5% of your employees say that they are “ready to quit”. You employ 50,000 people. How many are ready
Anit [1.1K]

Answer:

1250

Explanation:

2.5%*50,000=1250

or

50,000*0.025=1250

7 0
2 years ago
Other questions:
  • Which type of flash memory card is currently the smallest type of card?
    5·1 answer
  • An appropriate choice of outdoor play equipment for a toddler play yard would be
    5·1 answer
  • The annual percentage rate on a credit card determines _______.
    11·2 answers
  • Select all that apply Workplace diversity benefits:
    10·2 answers
  • The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 sh
    11·1 answer
  • n the Baumol-Tobin model, if the nominal interest rate is 1%, the consumer's annual income is $36000, and every trip to the bank
    6·1 answer
  • Niat ny mau bikin dua akun tapi malah kesasar :(​
    14·1 answer
  • Chester has negotiated a new labor contract for the next round that will affect the cost for their product Cozy. Labor costs wil
    10·1 answer
  • Today public relations have emerged as a
    8·1 answer
  • When considering the presentation of a retail store, which elements largely contribute to the visual experience for a consumer?.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!