Answer:
18500 is the initial value
Every year they increase by a factor of 1.03
Step-by-step explanation:
This is written in the form
y = ab^x where a is the initial value and b is the growth rate/decrease
y = (18500) (1.03)^t
The initial value is 18500
The students will increase by 1.03 - 1 = .03
The factor of increase is what they multiply by which is 1.03
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We are asked to solve for the incremental net income from reworking the phones.
Number of items = 1000
Production Cost = 1000*$60 = $60,000
Salvage value = 1000*$30 = $30,000
Rework Cost = 1000 *80 = $80,000
Price when resold = 1000 * $120 = $120,000
Incremental Net = $120,000 + $30,000 - $60,000 -$80,000
Incremental Net = $10,000
The answer is $10,000.
Y=3x+2
the slope (mx) is 3
the y-intercept (b) is 2.
the equation form is y=mx+b