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gavmur [86]
3 years ago
11

The drama club is selling tickets to its play.

Business
1 answer:
alexdok [17]3 years ago
7 0
a) Four inequalities

- Variables:

number of adult tickets = a

number of student tickets = s

- An adult ticket costs $15 and a student ticket costs $11<span>

=> sale = 15a +</span><span> 11s

- The auditorium will seat 300 ticket-holders =>

(1) a + s ≤ 300

- The drama club wants to collect at least $3630 from ticket sale =>

(2) 15a + 11 s ≥ 3630

(3)  a ≥ 0

(4)  s ≥ 0 </span>


Graph

- Draw the s-axis, and highlight the positive part (s ≥ 0)

- Draw the a- axis, and highlight the positive part (a ≥ 0)

- Draw the line <span> a + s = 300 ; use the points (0,300) and (300, 0) which are the extremes of the line

- Shadow the region below the line (a + s ≤ 300)</span>

- Draw the line 15 a + 11 s = 3630; use the points (0, 242) and (330,0) which are the extrems of the line

- Shadow the region above the line (15a + 11s ≥ 3630)

The solution is the region that you shadowed twice: a triangle, located between the two inclined lines, at the left of the shadowed region.

b) List three combination of tickets that satisfy the inequalities

Choose some points that are in the solution region. For example:

1) s = 10, a = 250

2) s = 40, a = 240

3) s = 0, a = 300
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You are bearish on Telecom and decide to sell short 100 shares at the current market price of $50 per share.
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A. $2,500

B. $60

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A. Calculation to determine How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position

Initial Margin = 100*$50*50%

Initial Margin = $2,500

Therefore The amount of securities that you must put into your brokerage account if the broker's initial margin requirement is 50% of the value of the short position is $2,500

b. Calculation to determine How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position

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