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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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3 years ago
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges
sladkih [1.3K]

Answer:

The firm's profit margin is 0.02357

Explanation:

The formula to compute the firm's profit margin is shown below:

Profit margin = (Net income ÷ sales revenue)  

                     = ($1,980 ÷ $84,000)

                     = 0.02357

It shows a relationship between net income and net sales. The other information which is given in the question is not relevant. Hence, ignored it  

8 0
3 years ago
Electronic products can be satisfying as well as frustrating for consumers. For example, a consumer may be highly satisfied with
Leni [432]

Answer: PANAS

Explanation:

PANAS is a positive and negative Affect Schedule, a self report questionnaire that has questions to evaluate the positives and negatives of a product or service. PANAS can be used to carry out customers research.

4 0
3 years ago
You own three​ stocks: 600 shares of Apple​ Computer, 10 comma 000 shares of Cisco​ Systems, and 5 comma 000 shares of​ Colgate-
Nina [5.8K]

Answer:

Explanation:

a.

Finding Weights

Apple => 600 * 500     =  300,000

Cisco  => 10,000 * 20  =  200,000

CP      => 5,000 * 100  =  500,000

Total                              =  1,000,000

Each Weight

Apple => 300,000 / 1,000,000     =  30%

Cisco  => 200,000 / 1,000,000     =  20%

CP      => 500,000 / 1,000,000     =  50%

b.

Using

(Rate*Weight)

(0.3 * .12) + (0.2 * .10) + (0.5 * .08) = 0.096 = 9.6%

c.

New Weights

Apple => 600 * 525     =  315,000

Cisco  => 10,000 * 25  =  250,000

CP      => 5,000 * 87     =  435,000

Total                              =  1,000,000

Each Weight

Apple => 315,000 / 1,000,000     =  31.5%

Cisco  => 250,000 / 1,000,000     =  25%

CP      => 435,000 / 1,000,000     =  43.5%

7 0
3 years ago
Accompanying a bank statement for Borden Company is a credit memo for $12,180 representing the principal ($12,000) and interest
Brut [27]

Answer:

Dr  cash         $12,180

Cr notes receivable        $12,000

cr interest revenue             $180

Explanation:

The cash receipt implies that the company cash has improved by $12,180 which means that a debit of $12,180 would be recorded in the cash account,since an increase in asset is a debit to the specific asset account.

On the other hand,notes receivable account that was previously debited when the transaction was consummated will now be credited with $12,000 with $180 credited to interest revenue account.

The rationale for credit entry in interest revenue is that an increase in income is naturally a credit entry in the books of accounts.

6 0
4 years ago
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