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Alenkasestr [34]
3 years ago
12

LAS1. A city government spends $1,860,000 a month on public services. Of that amount,46 percent is used for fire and police prot

ection.A) How much is spent bach month for fire and police protection?B) How much is spent by the city in a year for fire and police protection?1. In a city in which there are 90,000 employed workers, 18,000 are publicemployees. Of this number, the federal government employs 6,000; the state, 8,000, andthe city, 4,000.A) What percentage of all workers are public employees?B) What percentage of the public employees does the federal government employ?​
Business
1 answer:
Nookie1986 [14]3 years ago
8 0

Explanation:

The computation is shown below:

(A) For amount spent by the city in a year for fire and police protection is

= $1,860,000 × 0.46%

= $855,600

(B) For amount spent yearly  for fire and police protection is

= $855,600 × 12 months

= $10,267,200

(A) The percentage of public employees is

Percentage of public employees = (Public employees ÷ Total employed workers) × 100

= (18,000 ÷ 90,000) × 100%

= 20%

(B) Now for federal government employ percentage

= (Federal government employees ÷ Public employees) × 100

= (6,000 ÷ 18,000) × 100%

= 33.33%

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Answer with complete Question:

Barbara buys 130 shares of DEM at $33.00 a share and 190 shares of GOP at $37.00 a share. She buys on margin and the broker charges interest of 7 percent on the loan.

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a. Data and Calculations:

DEM, 130 shares at $33.00 a share = $4,290

GOP, 190 shares at $37.00 a share =   7,030

Total value of investments = $11,320

Margin requirement = 42% of $11.320 = $4,754.40

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2. Loss from Sale of:

DEM, 130 shares at $22.00 a share = $1,430 ($11 x 130)

GOP, 190 shares at $30.00 a share = $1,330 ($7 x 190)

Total loss from investments = $2,760

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Interest on borrowed fund = $6,565.60 x 7% = $459.59

Total loss from investments =       $2,760.00

Total loss  = $3,219.59

Total value of investments = $11,320

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