1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bezzdna [24]
3 years ago
9

Laura sells two sizes of ice cream: pints and gallons. She earns $3.50 for each pint she sells, and $10 for each gallon. If she

earns $20,000 in all by selling 3,300 containers, what percentage of her earnings are from pints
Business
1 answer:
Anna71 [15]3 years ago
6 0

Answer:

60.6%

Explanation:

Let x represent the number of pints sold and y represents the number of gallon sold.  She earns $3.50 for each pint she sells, and $10 for each gallon, she earns $20,000 in all by selling 3,300 containers Hence:

3.5x + 10y = 20000                   (1)

Also:

x + y = 3300                               (2)

We have to solve equation 1 and 2 simultaneously, multiply equation 2 by 3.5 and subtract from equation 1. This gives:

6.5y = 9500

Divide both sides by 6.5

6.5y/6.5 = 8450/6.5

y = 1300

Put y = 1300 in equation 2

x + 1300 = 3300

x = 3300 - 1300

x = 2000

Therefore 2000 pints and 1300 gallons were sold

The percentage of earnings from pints = number of pints sold/ total number sold * 100%

The percentage of earnings from pints = 2000/3300 *100% = 60.6%

You might be interested in
On September 3, 2018, the Robers Company exchanged equipment with Phifer Corporation. The facts of the exchange are as follows:
emmasim [6.3K]

Answer:

In Robers Company:

Debit Accumulated depreciation $75,000

Debit Equipment $72,500

Debit Cash $10,000

Credit Equipment $145,000

Credit Gain on exchange asset $12,500

In Phifer Corporation

Debit Accumulated depreciation $83,000

Debit Equipment $82,500

Debit Loss on exchange asset $9,500

Credit Cash $10,000

Credit Equipment $165,000

Explanation:

In Robers Company:

Book value of the equipment =  $145,000 - $75,000 = $70,000

Fair value of the equipment: $82,500 > Book value

The company will record gain on exchange:

Debit Accumulated depreciation $75,000

Debit Equipment $72,500

Debit Cash $10,000

Credit Equipment $145,000

Credit Gain on exchange asset $12,500

In Phifer Corporation

Book value of the equipment =  $165,000 - $83,000 = $82,000

Fair value of the equipment: 72,500 < Book value of the equipment

The company will record loss on exchange:

Debit Accumulated depreciation $83,000

Debit Equipment $82,500

Debit Loss on exchange asset $9,500

Credit Cash $10,000

Credit Equipment $165,000

5 0
3 years ago
Other things being equal, a ________ supply of workers tends to put ________ pressure on real wages.
Sav [38]

The answer is, larger; downward.

  • Other things being equal, a larger supply of workers tends to put  downward pressure on real wages.

<h3>How do wage increases affect the demand for and supply of labor?</h3>
  • The quantity of work required will alter in response to changes in pay or salary.
  • Employers will want to hire fewer workers if the pay rate rises.
  • There will be a reduction in the amount of labor requested and an upward shift in the demand curve.

<h3>What causes wage increase?</h3>
  • There are several reasons why employers may decide to raise salaries.
  • An increase in the minimum wage is the most frequent justification for wage increases.
  • The minimum wage can be raised by both the federal and state governments.
  • Companies that manufacture consumer items are also renowned for giving their employees small pay raises.

<h3>How does wage increase affect supply?</h3>
  • The aggregate supply curve shifts inward when the money wage rate increases, which results in a decrease in supply at all price levels.
  • The aggregate supply curve shifts outward as the money wage rate declines, increasing the quantity supplied at any price level.

Learn more about  real wages here:

brainly.com/question/1622389

#SPJ4

8 0
2 years ago
New steel products has total assets of $820,470, a total asset turnover rate of 1. 39, a debt-equity ratio of 2. 8, and a return
nadya68 [22]

The firm's net income is $114,045,330.

Total Asset Turnover = Sales / Assets

or, 1.39 = Sales / $820,470

Sales = $820,470 × 1.39 = $1,140,453.3

Now,

Equity Multiplier

= Assets / Equity

= (Debt + Equity) / Equity

= (2.8 + 1) / 1

= 3.8

(Debt equity ratio has been used here)

As per Dupont Analysis,

ROE = Profit margin x Asset Turnover x Equity Multiplier

or, 0.34% = Profit Margin x 1.39 x 3.8

Profit Margin = 5.282%

Profit Margin = Net Income / Sales x 100

5.282% = Net Income / $1,140,453.3 x 100

Thus, Net Income = $114,045,330

Net income is an amount which an individual or business makes after deducting costs, taxes, and allowances. Thus, net income is what the business has left over after all its expenses.

To learn more about Net income here:

brainly.com/question/1347024

#SPJ4

7 0
2 years ago
A project that cost $80000 with a useful life of 5 years is being considered. Straight-line depreciation is being used and salva
mina [271]

Answer:

8.13%

Explanation:

Annual return = [ (Total FV/Initial investment)^(1/n) ] -1

n = useful life of the project

Total Future Value = (22650*5) +5000

Total FV = $118,250

Initial investment = $80,000

Annual return = [ (118,250/80,000)^(1/5) ] -1

r = [ (1.478125^(1/5)] -1

r = 1.0813 - 1

r = 0.0813 or 8.13%

6 0
2 years ago
Assume that the risk-free rate of interest is 5% and the expected rate of return on the market is 17%. A stock has an expected r
crimeas [40]

Answer:  ER(P) = Rf + β(Rm-Rf)

                 6      = 5 + β(17-5)

                 6      = 5 + β(12 )

            6 - 5     = 12β

                1        = 12β

                 β       =  1/12

                 β       = 0.083

Explanation: In determining the Beta of the stock, we need to apply capital asset pricing formula and then make Beta the subject of the  formula. Other variables will be substituted with the exception of Beta, which becomes the subject of the formula.                                                                                          

6 0
3 years ago
Other questions:
  • Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $2.85 dividend every year, in perpetuity. If thi
    11·1 answer
  • Mary wants to purchase a 20-year bond that has a par value of $1,000 and makes semiannual interest payments of $40. If her requi
    9·1 answer
  • An increase in interest rates affects aggregate demand by
    8·1 answer
  • Cleared checks:
    10·1 answer
  • Given the following cost and activity observations for Smithson Company’s utilities, use the high-low method to calculate Smiths
    14·1 answer
  • A formal agreement between separately owned and controlled facilities to officially coordinate and share certain activities is m
    12·1 answer
  • What is the name for Americans who aim to reduce all government to a minimum and insist that government should protect public sa
    9·1 answer
  • What is the maximum amount a firm should pay for a project that will return $15,000 annually for 5 years if the opportunity cost
    12·1 answer
  • question content area in recording the cost of goods sold for cash, based on data available from perpetual inventory records, th
    10·1 answer
  • Which market is most likely to be characterized by oligopolistic competition in the united states?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!