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enot [183]
3 years ago
9

Timmy has almost $2.00 in allowance money that he wants to spend on candy. he has two favorite candies, one selling at $0.15 a p

iece and one at $0.08 a piece. if he ends up spending $1.92 on 17 pieces of candy, how many $0.15 pieces of candy did timmy decide to buy?
Business
1 answer:
jolli1 [7]3 years ago
3 0
Let's call
 x = Amount of candy sold at $ 0.15.
 y = Amount of candy sold at $ 0.08.
 We must make the following system of equations:
 x + y = 17
 0.15x + 0.08y = 1.92
 Solving the system of equations:
 0.15x + 0.08 (17-x) = 1.92
 0.15x-0.08x + 1.36 = 1.92
 0.15x-0.08x = 1.92-1.36
 0.07x = 0.56
 x = 0.56 / 0.07 = 8
 On the other hand,
 x + y = 17
 8 + y = 17
 y = 17-8 = 9
 Finally, Timmy bought 8 pieces of candy for $ 0.15.
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#1, It can change and #3, it can be in an existing building to repair or remodel

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Miller Corporation issued 6000 shares of its​ $5 par value common stock in payment for attorney services billed at​ $54,000. Mil
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Answer:Share premium account of $24,000

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Explanation:

On provision of services, the Attorney services expenses account is debited with $54,000 and the attorney services provider account credited with $54,000

Furthermore a share account is opened for the provider and credited with $30,000 , the share premium is credited $24,000 and a debit transfer is made to his liability account initially credited.

The $24,000 credit to share premium represents the difference between the nominal value of the share of $5 and the market value of $9 multiply by the 30,000 shares he was paid with.

Also a memorandum will be issued to state that 6000 share has been transferred from Miller to the attorney services provider and the shares will be delited from his name and entered in the name of the services provider because the credit of shares to his account does not represents new shares issued but it's the transfer of Miller's shares to him.

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3 years ago
Rodriquez Company budgeted the following sales in units: January 30,000 February 20,000 March 40,000 Rodriquez's policy is to ha
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Answer:

24,000 units

Explanation:

Given:

Budgeted sales for January = 30,000

Budgeted sales for February = 20,000

Opening inventory in January = 7,500

Desired ending inventory = 20% of sales in February

                                        = 0.2 × 20,000

                                        = 4,000 units

Units required in January = 30,000 + 4,000

                                        = 34,000 units

Units to be produced in January = 34,000 - opening inventory

                                                   = 34,000 - 7,500

                                                   = 26,500 units

Budgeted sales for February = 20,000

Budgeted sales for March = 40,000

Opening inventory in February is closing inventory of January = 4,000

Desired ending inventory = 20% of sales in March

                                        = 0.2 × 40,000

                                        = 8,000 units

Units required in February = 20,000 + 8,000

                                        = 28,000 units

Units to be produced in February = 28,000 - opening inventory

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3 years ago
Rosita purchased a bond for $989 that had a 7% coupon and semiannual interest payments. She sold the bond after 6 months and ear
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Answer:

The price she sold the bond is $1,001.47

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