Let x be the number of children
Let y be the number of adults
Equation 1: x + y = 9
Equation 2: y = 9 - x
210x + 315y = 2205
210x + 315 (9-x) = 2205
210x + 2835 - 315x = 2205
2835 - 2205 = 315x - 210x
630 = 105x
630/105 = 105x/105
6 = x
There are 6 numbers of children.
To get the y, use the Equation 2: y = 9 - 6 ---> y = 3
Therefore there are 3 adults on the trip.
Answer:
b.46 miles
Explanation:
Calculation to determine Corey's reimburseable mileage
Corey's reimburseable mileage= 15 miles + 18 miles + 13 miles
Corey's reimburseable mileage = 46 miles
Therefore As a result, Corey's reimburseable mileage is 46 miles
Answer:
$60,000
Explanation:
Since Bailey Co. changed their accounting for insurance expense from the cash-basis to the accrual-basis in the current year, and in January of the prior year, Bailey recorded insurance expense of $240,000 for the cash purchase of a four-year insurance policy.
Bailey should report the insurance transaction in the current year's financial statements of an amortization of the insurance expense over the four year period, and take account the portion that pertains to the current year.
Therefore = $240,000 / 4 years = $60,000 per year
A company that makes and sells railway cars looking for a representative and I know this because it is the best fit for his skills
Answer:
B. Mutual funds are actively managed while index funds are
passively managed.
Explanation:
Both mutual funds and Index funds are both portfolio investment Instruments. They comprise of a basket of stocks as opposed to single equity.
A professional manager manages a mutual fund. The manager uses different analytical tools to select the stocks to be included in the portfolio carefully. Index funds track the prices of the underlying Index. Index funds can be mutual funds or exchange-traded fund ETF such as the S&P 500. Index funds are passively managed.
Mutual funds will attract a higher commission than index funds to cater for the funds' manager's fee.
