Answer:
78 adult tickets were sold
2x + x = 234
3x = 234
x = 78
The NPV is positive, therefore, this order can be placed.
<h3>How to calculate the NPV?</h3>
The calculation of probability of default will be:
= 1 / 200 = 0.005
We use NPV formula to find out whether the order should be filled or not
NPV = -Variable cost per unit +[(1-π)(price of equipment/1+percentage of return)]
= -$1.6 million +[(1-0.005)($1.725m/1.018)]
= -$1.6m + $1.6860
= 0.0860 million
As NPV is positive this order can be placed.
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Answer: 15y-31x
Step-by-step explanation:
Answer:
6
Step-by-step explanation:
1 1/2 = 3/2
3/2 / 1/4 = 3/2 * 4 = 12 / 2 = 6
Answer:
quarts of orange juice.
Step-by-step explanation:
Given:
Quarts of orange juice required for 6 quarts of punch = 
∴ Quarts of orange juice required for 1 quart of punch = 
Therefore, quarts of orange juice are required for one quart of punch.
