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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%

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Mazyrski [523]

<u><em>Explanation</em></u>:

<u>(a) FIFO</u>

In using this method we calculate cost based on the price of the earliest (first) purchased inventory date.

(b) LIFO

Here we calculate cost by using the price of the most recent (last) purchased inventory date. eg for inventory cost calulations for March 9 we use the price value of March 29

(c) weighted average

This meeting uses the average cost of the entire inventory in the month. Calculated by dividing total cost by today inventory.

(d) specific identification.

Here cost are just assigned to each individual item or batch of items in the period.

6 0
3 years ago
Aspin​ Corporation's charter authorizes issuance of 2 comma 000 comma 000 shares of common stock.​ Currently, 1 comma 400 comma
Alinara [238K]

Answer:

a) it can sale up to 600,000 shares:

  It can sale the 100,000 treasury stock and 500,000 new shares.

b) No. I cannot It requires 12,000,000 more dollars which is the equivalent to 240,000  shares

c)  It will ammend the Certificate of Incorporation to allow the issue of additoinal shares of the state on which the company perform his activities.

Explanation:

B)

600,000 shares at $60 dollars per share = 36,000,000 dollars

financial requirement: 48,000,000 dollars

It fall short by 12,000,000 dollars

additional shares: 12,000,000 / 60 = 240,000

3 0
4 years ago
In determining why a firm becomes multinational there are many reasons. One reason is that the firm is a market seeker. Why of t
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Answer:

C) political safety and small likelihood of government expropriation of assets

Explanation:

Multinational corporations are corporations that operate in more than one country, usually its home country here the headquarters are located, and other foreign markets. that means that the multinational will have to serve at least two markets, the domestic market and the foreign country's market.

8 0
4 years ago
On April 1, 2021, Shoemaker Corporation realizes that one of its main suppliers is having difficulty meeting delivery schedules,
baherus [9]

Answer:

1.

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April 1, 2021      Note receivable                             $600,000

                         Cash                                                                         $600,000

2.

Date                  Account title                                      Debit                    Credit

Dec 31, 2021     Interest receivable                       $49,500

                         Interest revenue                                                          $49,500

<u>Working:</u>

From the date of the loan to December is 9 months so interest must be calculated for these 9 months so that the interest for 2021 is known:

= 600,000 * 11% * 9/12 months

= $49,500

3.

Date                  Account title                                      Debit                    Credit

April 1, 2022     Cash                                                $666,000

                          Interest receivable                                                      $49,500

                          Interest revenue                                                          $16,500

                          Notes receivable                                                      $600,000

<u>Working</u>

Interest revenue:

Calculated on the remaining 3 months of the loan:

= 600,000 * 11% * 3/12 months

= $16,500

3 0
3 years ago
Williams Optical Inc. is considering a new lean product cell. The present manufacturing approach produces a product in four sepa
igomit [66]

Answer:

For the present approach the value added time is 20 minutes, the non value added time is = 905 minutes, The total lead time = 925 minutes, the value added ratio is = 2.2%

For the proposed approach the value added time = 20 minutes, the non vale added time = 50 minutes, the total lead time = 70 minutes, the value added ratio is = 28.6 %

Explanation:

<em>Solution</em>

The Present approach is:

Value added time (Process times, step 1 + Process times, Step 2 +Process times, Step 3, + Process times, Step 4)

= 5+8+4+3 = 20 minutes.

The non value added time = Total within batch wait time + move time

= [Total time required for the four steps * ( batch size -1)] + move time

= [(5+8+4+3)* (45-1)]+ 25

= 905 minutes

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= 20 +905 =925 minutes

so,

Value added ratio = value added time/total time

= 20 minutes/925 minutes = 2.2%

Proposed approach

Value added time (Process times, step 1 + Process times, Step 2 +Process times, Step 3, + Process times, Step 4)

= 5+8+4+3 = 20 minutes.

The non value added time = Total within batch wait time + move time

= [Total time required for the four steps * ( batch size -1)] + move time

= [(5+8+4+3)* (3-1)]+ 10

= 50 minutes

Thus,

The total time lead = value added time + value non added time

= 20 +50=70 minutes

The value added ratio = value added time/total time

= 20 minutes/70 minutes = 28.6%

Note: kindly find an attached copy o the complete question to of this solution below

6 0
3 years ago
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