- When deciding how to use resources, you need to evaluate the costs and benefits of each

If three sandwiches and two bags of chips cost $22. 00, and two sandwiches and one bag of chips cost $14. 25, how much does a ba

morpeh [17]

A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.

<h3>What is a linear equation in two variables?</h3>

Linear equation in two variables can be defined as an equation in the form:

$\rm ax + by = c$ , where x and y are variables and a and b are not equal to 0.

For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.

Given:

The cost of three sandwiches and two chips bags is $22.00.

Therefore, the 1st equation will be:

$\rm 3s +2c = 22$

The cost of two sandwiches and one chips bag is $14.25.

Therefore, the 2nd equation will be:

$\rm 2s + c = 14.25$

To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.

From equation 2, the value of c will be:

$\begin{aligned}\rm 2s + c &= 14.25\\\\c &= 14.25 - 2s\end$ ... (3)

Now we will put $\rm c = 14.25 - 2s$ in equation 1:

$\begin{aligned} \rm 3s + 2c &= 22\\\\3s + 2(14.25 - 2s) &= 22\\\\3s + 28.50 - 4s &= 22\\\\-s + 28.50 &= 22\\\\s &= 28.50 - 22\\\\s &= \$6.50\end$

On substituting the value of s in equation 3:

$\rm c = 14.25 - 2s \\\\c = 14.25 - 2(6.50)\\\\c = 14.25 - 13\\\\c = \$1.25$

Therefore the cost of a bag of chips is $1.25.

Learn more about linear equations in two variables here:

brainly.com/question/84787

8 0

2 years ago

Which of the following is a disadvantage of the corporation form of ownership?

Hoochie [10]

Answer:

Option C, Double taxation on profits and individuals

Explanation:

The disadvantages of the corporation form of ownership are as follows -

a) It takes lot of time and hence is time consuming

b) The taxation gets double

c) Also, the formalities/protocols are very tough

Hence, the option C is correct

5 0

3 years ago

If Second National Bank has more rate-sensitive liabilities than rate-sensitive assets, it can reduce interest-rate risk with a

Contact [7]

Answer: Pay fixed rate while receiving floating rate.

Explanation:

According to the given question, If the second national bank contain more rate of liabilities as compared to the rate of asset in any organization then it basically reducing the risk of the interest rate by using the technique swapping with paying some fixed amount of rate at the time of receiving the floating rate.

The process of fixed to floating swap is one of the contractual process between any two types of companies or members so that they can swap their cash flow system.

Therefore, The given answer is correct.

3 0

3 years ago

The Financial Accounting Standards Board has the authority to develop generally accepted accounting principles. Choose the optio

olga2289 [7]

Answer:

d.

Explanation:

Based on the information provided within the question it can be said that the correct steps that are used by the FASB in developing GAAP (generally accepted accounting principles) would be the following: issuing a discussion memorandum, issuing an exposure draft, and issuing a statement of principle. This collection of accounting rules was then adopted by the U.S. Securities and Exchange Commission.

4 0

3 years ago

The form of business organization where an entity is legally separate from its owners and issues shares of stock is a.

Anna [14]

Answer:

corporation

Explanation:

4 0

2 years ago