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hodyreva [135]
3 years ago
13

A cellular service provider charged a customer $40 for 150 minutes of airtime. The same provider charged another customer $55 fo

r 300 minutes of airtime. Which linear model represents the total cost, C, as a function of t, the amount of airtime in minutes?
Business
1 answer:
yKpoI14uk [10]3 years ago
6 0

Answer:

C(t)=0.1t+25

Explanation:

So, we are looking for a linear equation. As we know Equation of a line has different forms, let´s use slope-intercept form:

C(t)=mt+b

Where C is the total cost as a function of t, t is the amount of airtime in minutes, m is the slope and b is the y-intercept

Now, let´s use the data provide in order to find m and b:

40=150m+b   (E1)

55=300m+b   (E2)

We have a 2X2 system of equations, let´s solve it using elimination method:

2(E1)-(E2)

25=0+b\\b=25

Replacing b in (E1) or (E2):

m=\frac{40-25}{150}

m=\frac{1}{10}=0.1

Knowing the slope m and the y-intercept b the linear model that represents the total cost as a function of t is:

C(t)=0.1t+25

You can check the results evaluating t=150 and t=300, the results must be 40 and 55 respectively

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mezya [45]

Answer:

there are no requirements, but I assume that they ask about issuance costs and their amortization:

market price of the bonds:

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PV of coupon payments = $400,000 x 8.5136 (PV annuity factor, 10%, 20 periods) = $3,405,440

market price = $4,148,658

Journal entry to record issuance and bond issue costs

January 1, 2013

Dr Cash 4,088,658

Dr Discount on bonds payable 851,342

Dr Bond issue costs 60,000

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allocation to bond discount = $8,866 - $584 = $8,282

Journal entry to record first coupon payment

January 1, 2014

Dr Interest expense 408,866

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4 0
2 years ago
You have purchased a put option on Pfizer common stock. The option has an exercise price of $53 and Pfizer’s stock currently tra
12345 [234]

Answer:

A. -0.80

B. 2.20

Explanation:

A. Calculation for your net profit on the option if Pfizer’s stock price does not change over the life of the option

Net profit per share=max(53-55,0)-0.80

Net profit per share=0-0.80

Net profit per share=-0.80

Therefore your net profit on the option if Pfizer’s stock price does not change over the life of the option is -0.80

b. Calculation for your net profit on the option if Pfizer’s stock price falls to $50 and you exercise the option

Net profit per share

=max(53-50,0)-0.80

Net profit per share=3-0.80

Net profit per share=2.20

Therefore your net profit on the option if Pfizer’s stock price falls to $50 and you exercise the option is 2.20

3 0
3 years ago
Which statement is true of entrepreneurs?
strojnjashka [21]

Entrepreneurs are people that make their own business. Most businesses tend to have a rough start and can possibly even fail. It depends on how the person creating the business acts and how determined they are to make the business flourish. Although many rich people may of started off of just one product that got advertised well and was sold quickly. Even if it isn't a product but more so a service, you can be very successful. Just know what the people want.

Hope this helped!


3 0
3 years ago
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Answer:

c is the correct represent the equilibrium price if I am not wrong

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The PTA is holding a raffle. The prize is a camera worth $200. Each raffle ticket costs $5. One hundred tickets are sold and a w
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Expected value of the purchase of a ticket would be $3.00.

<u>Explanation</u>:

Given,  

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The prize = $200.  

One hundred tickets are sold = 100 × 5  

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champ is drawn and given the prize of worth $200.  

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So the normal estimation of the bought ticket = $3.00  

The expected estimation of the acquisition of a ticket would be $3.00.

   

5 0
3 years ago
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