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Natali5045456 [20]
3 years ago
14

A restaurant served 27,000 customers in 2012. in 2014, the restaurant served 28,400 customers. write a linear model that represe

nts the number yy of customers that the restaurant serves xx years after 2012. use the model to predict the number of customers that the restaurant will serve in 2020.
Business
2 answers:
Fudgin [204]3 years ago
4 0

You would first need to determine the increase in the number of customer served each year, inferred by the number of customers served in 2014 less the customers served in 2012, divided by 2 to determine single year growth. This gives us: (28,400 - 27,000) /2 = 700 There is a growth of 700 customers /year. Next, formulate the linear model with this information: y = 700x + 27,000 where x is (model year - 2012). Therefore, the number of customers in the year 2020 would be: y = 700x + 27,000 y = (700 * (2020 - 2012)) + 27,000 y = (700 * 8) + 27,000 y = 5,600 * 27,000 = 32,600 customers served in 2020

Kitty [74]3 years ago
3 0
<span>You would first need to determine the increase in the number of customer served each year, inferred by the number of customers served in 2014 less the customers served in 2012, divided by 2 to determine single year growth. This gives us: (28,400 - 27,000) /2 = 700 There is a growth of 700 customers /year. Next, formulate the linear model with this information: yy = 700xx + 27,000 where xx is (model year - 2012). Therefore, the number of customers in the year 2020 would be: yy = 700xx + 27,000 yy = (700 * (2020 - 2012)) + 27,000 yy = (700 * 8) + 27,000 yy = 5,600 * 27,000 = 32,600 customers served in 2020</span>
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sammy [17]

Answer: Variable cost pricing

Explanation:

Marianne wants to sell in Mexico by setting the selling price in such a way that she adds the total variable cost to the markup. This way she would meet her cost and gain some level of profit.

8 0
3 years ago
Which of the following statements is true about the constant growth model?
Eduardwww [97]

Answer: The constant growth model can be used if a stock's expected constant growth rate is less than its required return.

Explanation:

The Constant Growth Model  is a stock valuation method.

It assumes that a company's dividends are increasing at a constant growth rate indefinitely.

Formula: Current price =  (Next dividend the company is to pay) ÷ (required rate of return for the company - expected growth rate in the dividend.

When expected constant < required return, then the constant growth model can be used.

Hence, the statement is true about the constant growth model :

The constant growth model can be used if a stock's expected constant growth rate is less than its required return.

7 0
3 years ago
Under the accrual basis of accounting:_________.
madam [21]

events that change a company's financial statements are recognized in the period they occur rather than in the period in which cash is paid or received.

Answer: Option C.

<u>Explanation:</u>

Accrual basis is a technique for recording bookkeeping exchanges for income when earned and costs when brought about. A key bit of leeway of the collection premise is that it matches incomes with related costs, so the total effect of a business exchange can be seen inside a solitary announcing period.

Accounting method that records incomes and costs when they are brought about, paying little heed to when money is traded. The expression "accrual" alludes to any individual section recording income or cost without a money exchange.

7 0
3 years ago
Problem 3 (Current Liability Entries and Adjustments) Described below are certain transactions of Edwardson Corporation. The com
Xelga [282]

Answer:

1. February 2

Dr Purchases68,600

Cr Account payable 68,600

February 26

Dr Account payable 68,600

Dr Purchase Discount loss 1,400

Cr Cash 70,000

December 31

No adjustment necessary

2. April 1

Dr Trucks 50,000

Cr Cash 4,000

Cr Note payable 46,000

December 31

Dr Interest expenese 4,140

Cr Interest Payable 4,140

3. May 1

Dr Cash 83,000

Dr Discount on notes payable 9,000

Cr Notes payable 92,000

December 31

Dr Interest expense 6,000

Cr Discount on notes payable 6,000

4. Aug 1

Dr Dividend $300,000

Cr Dividend payable $300,000

Sept 10

Dr Dividend payable$300,000

Cr Cash $300,000

December 31

No adjustment necessary

Explanation:

Preparation of the journal entries

1. February 2

Dr Purchases68,600

[$70,000 * (100%-2%)]

Cr Account payable 68,600

February 26

Dr Account payable 68,600

Dr Purchase Discount loss 1,400

(70,000-68,600)

Cr Cash 70,000

December 31

No adjustment necessary

2. April 1

Dr Trucks 50,000

Cr Cash 4,000

Cr Note payable 46,000

(50,000-4,000)

December 31

Dr Interest expenese 4,140

Cr Interest Payable 4,140

($46,000* 12% * 9/12 = $4,140)

3. May 1

Dr Cash 83,000

Dr Discount on notes payable 9,000

Cr Notes payable 92,000

December 31

Dr Interest expense 6,000

Cr Discount on notes payable 6,000

($9,000 * 8/12 (STRAIGHT-LINE) = $6,000)

4. Aug 1

Dr Dividend $300,000

Cr Dividend payable $300,000

Sept 10

Dr Dividend payable$300,000

Cr Cash $300,000

December 31

No adjustment necessary

5 0
3 years ago
You are planning to save for retirement over the next 30 years. To do this, you will invest $750 per month in a stock account an
Snezhnost [94]

Answer:

Withdrawal each month = $11,379.01

Explanation:

As per the data given in the question,

Value of investment at the time of retirement

= 750 × (((1+(10%÷12))^(30×12) -1) ÷ (10%÷12)) + 250 × (((1+ (6% ÷ 12))^(30×12) -1) ÷ (6%÷12))

= $1,946,494.70

So, we can calculate the withdrawal of each month by using following formula:

Withdrawal each month = $1,946,494.70 ÷ ((1-(1+(5% ÷ 12))^(-25×12)) ÷ (5% ÷ 12))

= $11,379.01

5 0
3 years ago
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