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Nataly_w [17]
4 years ago
15

Two basketball teams have a game Friday night. Within the first minute, they sell 8 adult tickets and 12 student tickets for a t

otal of $124. The next minute they sell $243 worth of tickets by selling 16 adult tickets and 23 student tickets. Create a system of equations to model the scenario. Determine the cost of a student ticket and an adult ticket. Use mathematics to justify your answer.
Business
1 answer:
Sliva [168]4 years ago
3 0

Answer:

the price adult ticket is $8 and the price of children tickets is $5.

Explanation:

This question can be solved using a simultaneous equation.

Let :

x = price of adult tickets

y = price of children tickets

If 8 adult tickets and 12 student tickets are sold for a total of $124, the first equation would be

8x + 12y = $124

If 16 adult tickets and 23 student tickets are sold for a total of $243, the second equation would be

16x +23y = $243

The two equations are

8x + 12y = 124

16x +23y = 243

To solve, multiply equation 1 by 2 . This gives equation 3

16x + 24y = 248

Now substract equation 3 from 2. This gives y = 5

To find y, substitute 5 with y in equation 1

8 x + 12(5) = 124

8x + 60 = 124

Solve for x

x = 8

Therefore, the price adult ticket is $8 and the price of children tickets is $5.

I hope my answer helps you

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Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $
Anna [14]

Answer:

A) 32,090 cookies

B) $ 0.5665336

C)   32.938%

<em>Questions:</em>

A) If Erin sells her cookies for $1.72 each, how many cookies did she sell during the month?

B) Contribution margin per cookie

C) Contribution margin ratio

Explanation:

A) sales revenue / sale price per unit

55,194 / 1.72 = 32.089,53

B) and C)

variable cost:

manufacturing                        28,232

selling 8,908 x 20% =                1.781,6‬

administrative 11,516 x 60% =<u> 6.909,6‬  </u>

   Total variable cost:             37.014,2‬

Contribution Margin: 55,194 - 37,014.2 = 18.179,8‬

Contribution Margin Ratio 18,179.8 / 55,194 = 0,329380 = 32.938%

Contribution Margin per cookie:

$1.72 x 32.938% = 0,5665336

5 0
3 years ago
An x-ray machine at a dental offi ce is MACRS 5-year property. The x-ray machine costs $6,000 and has an expected useful life of
Brrunno [24]

Answer:

The correct answer is $2,637.31.

Explanation:

According to the scenario, the computation of the given data are as follows:

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According to MACRs table depreciation for first 3 years are as follows:

Depreciation for 1st year = 20%, for 2nd year = 32% and for 3rd year = 19.2%

So, Cost of machine after 1st year = $6,000 - 20% × $6,000 = $6,000 - $1,200

= $4,800

Cost of machine after 2nd year = $4,800 - 32% × $4,800 = $4,800 - $1,536

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Now, Cost of machine after 3rd year = $3,264 - 19.2% × $3,264

= $3,264 - $626.688 = $2,637.312

So, the book value at the end of three years = $2,637.31

3 0
3 years ago
The balance between supply and demand is called
OLEGan [10]

Answer: O EQUILIBRIUM

HOPE THIS HELPS

CAN YOU PLEASE HELP ME TOO

6 0
3 years ago
With a regressive tax system, as the level of income increases in an economy, the average tax rate will: 
A. Increase
B. Decreas
Ostrovityanka [42]

Answer:

The correct answer to the following question is option B) decrease.

Explanation:

Regressive tax is that of tax which is imposed in such manner that when the income level in the economy increases , the average tax rate would decrease. This type of tax has heavy burden on the low income people as it takes high proportion of their income. So it can be said here that there is an inverse relationship between tax payer's ability to pay ( which can be measured in income , assets or consumption) and the tax rates imposed.

6 0
3 years ago
Taxes are used for which of the following?
Mashutka [201]

All of the above. Taxes are used for each of these.

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