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dem82 [27]
3 years ago
12

there were 200 tickets sold for a college basketball game. Tickets were $4.50 for students and $9 for adults. The total amount c

ollected was $1485. How many of each type of ticket were sold
Business
1 answer:
Virty [35]3 years ago
8 0

Answer:

70 tickets were sold to student and 130 tickets were sold to adults

Explanation:

Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults  be "Y"

Given

Total number of tickets sold = 200

Total amount collected by selling 200 tickets = 1485 dollar

Cost of one ticket of student = 4.5 dollar

Cost of one ticket of adult = 9 dollar

Two equation are as follows

X + Y = 200\\ ------Eq (1)

4.5 X + 9 Y =1485 -------- Eq (2)

Multiplying eq (1) by 9 and subtracting from equation 2 we get

4.5 X - 9 X + 9Y -9Y = 1485 - (200* 9)\\-4.5 X = -315\\X = 70

Substituting the value of X in equation 1 we get

70 + Y = 200\\Y = 200 -70 \\Y = 130

Therefore, 70 tickets were sold to student and 130 tickets were sold to adults

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Annual demand for an item is 11,000 units with the cost per unit at $250. The holding rate is 10% and the order cost is $14.00 p
frutty [35]

Answer:

93 units

Explanation:

Annual demand for an item = 11,000 units

cost per unit = $250

holding rate = 10%

Order cost = $14.00 per order

No. of days in a year = 260

Lead-time = 2 days

Average\ daily\ demand=\frac{Annual\ demand\ for\ an\ item}{No.\ of\ days\ in\ a\ year}

Average\ daily\ demand=\frac{11,000}{260}

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For a service level of 97%, the value of z is 1.881

Therefore,

Reorder point:

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= 92.57

= 93 units

5 0
4 years ago
According to the resource-based view of the firm, competitive advantages are _________________ for competitors to copy, if they
saul85 [17]

Answer:

The answer options to this question are as follows:

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B. The capital raised by the company from its shareholders

C. The expertise acquired by the employees in the company

D. The headquarters owned by the company

The correct answer is C. The expertise acquired by the employees in the company

Explanation:

The resource-based vision of the company is useful in developing strategic for companies with a single business, but  also for diversified companies as it reveals how core competencies embedded in a company can help them exploit new product opportunities and  markets .

A competitive advantage is any characteristic of a company, country or person that differentiates it from others, placing it in a superior relative position to compete. That is, any attribute that makes it more competitive than the others.

The attributes that contribute to having a comparative advantage are innumerable. But we can cite as an example the advantageous access to natural resources (such as high-grade minerals or low-cost energy sources), highly skilled labor, geographic location or high barriers to entry, which can be enhanced if we have a product that is difficult to imitate or we have a great brand.

It has been considered that the main source of competitive advantage is derived from the experience effect which has its origin in the learning effect.

The experience effect causes the experience accumulated by the company to decrease in unit terms the real cost of the total added value of the company. The experience effect constitutes a strong barrier to entry for new competitors. The existence of this entry barrier represents a solid competitive advantage for the company that accumulates more experience effect.

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3 years ago
Critically review the organizational structure recommendations reported within the In-Plant Printer article titled, "Organizing
marin [14]

Answer:

Explanation: see attachment below

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4 years ago
Which of the following is a benefit of using a budget
Genrish500 [490]
Can you provide potential answers? And in case you need a written answer here is one that is not plagiarized!

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Hope this helped.
7 0
3 years ago
Linda wanted to replace the old carpet in her home. She entered into a contract with Carpet Co., for the purchase and installati
malfutka [58]

Answer: In this particular case <u><em>the contract rules of the UCC apply, because the predominant purpose of the contract was sale of goods.</em></u>

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