Answer:
The equation that gives the price p they can charge for n shirts is
p = -0.005n + 82
Explanation:
Establish the variables for the equation
n = number of shirts that can sell
p = price per shirt
For case one we have n1 = 5000 p1 =$57
For case two we have n2 = 15000 p2= $7
Calculate the slope remeber that in this case the y will be represented by the price (p) and the x by the number (n) so we have:
m =
Replace in the equation (y-y1) = m (x - x1) with our variables:
(p-p1) = m(n-n1)
p - 57 = -0.005 (n - 5000)
p - 57 = -0.005n + 25
p = -0.005n + 25 + 57
p = -0.005n + 82
To verify we can replace for example the values of n2 to get p2 as follows
p= -0.005 (15000) + 82
p = - 75 + 82
p = 7
If fulfills the condition that for 15000 shirts the price is $ then the equation is correct
If I were the Chairman of the Federal Reserve, I would take steps to curtail the rising inflation. I would achieve this by carrying out a open market sale. This would reduce the supply of money in the economy and reduce inflation.
<h3>
What is an open market sale?</h3>
Open market sale is a type of contractionary monetary policy. Contractionary monetary policy are steps taken by the government to reduce the supply of money in the economy.
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Answer:
False
Explanation:
The preparation of journal entries is very important in transaction recording process, it is utilized in recording transactions either to the general ledger or via subsidiary ledger into the accounting system.
When preparing journal entries two fields are very important, the account title also called account name and the account number or account code. To prevent accounting or recording error, the account codes are selected using the drop-down menu which displays the account title or account name. This enables the account clerk to verify before posting.
The amount of money Shawheen deposited in his savings account increased in value because of the interest rate his account earns.
The initial deposit might have a higher purchasing power because of inflation.
When money is deposited in a savings account, the amount of money earns interest.
The value of the interest rate can be determined using this formula: interest earned / (time x amount deposited)
Interest earned = $$5,306.04 - $5,000 = $306.04
Interest rate = $306.04 / (3 x $5000) = 2.04%
Inflation is the persistent rise in the general price levels. Inflation reduces the purchasing power of money.
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Answer:
31%
Explanation:
The current price is $3,863.99
The precious price is $5,599.99
The actual difference in price is $5,599.99 - $3,863.99
=$ 1, 736.00
Percentage decrease will be actual decrease/ original price X 100
= $ 1736.00/ $5,599.99 x 100
=0.31 x 100
=31%