1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Kaylis [27]
3 years ago
6

a boy is three years younger than his sister. two years ago he was two-thirds of his sister's age. what are their present ages ​

Business
1 answer:
padilas [110]3 years ago
5 0

Answer:

The boy: 8 years old

The sister: 11 years old

Explanation:

We assume that the age at present of the boy is x (years old).

As he is younger than his sister 3 years, so that his sister's present age is great than x 3 years

=> Her present age is: x + 3 (years old)

Two years ago, the boy is younger than present two years

=> The boy's age two years ago is: x - 2 (years old)

Similarly, the sister's age two years ago is: (x+3)-2 = x + 1 (years old)

As given, two years ago he was two-thirds of his sister's age, so that we have:

<em>The boy's age two years ago = </em>\frac{2}{3}<em> × the sister's age two years ago</em>

⇒ x - 2 = \frac{2}{3}(x+1)

⇒ x - 2 = \frac{2}{3}x + \frac{2}{3}

⇒ x - \frac{2}{3}x =  \frac{2}{3} + 2

⇒ \frac{1}{3} x = \frac{8}{3}

⇒ x = \frac{8}{3}. 3 = 8

=> x + 3 = 8 + 3 = 11

So the present age of the boy is 8 years old, of the sister is 11 years old

You might be interested in
Garcia Co. owns equipment that cost $81,600, with accumulated depreciation of $43,200. Garcia sells the equipment for cash. Reco
Tema [17]

Answer:

1. Cash                                                          Debit    $ 47,000

 Accumulated Depreciation equipment   Debit  $ 40,800

 Gain on sale of equipment                       Credit                       $  11,000

 Equipment                                                  Credit                      $ 76,800

To record sale of equipment for $ 47,000 and gain on sale of $ 11,000

2. Cash                                                          Debit    $ 36,000

  Accumulated Depreciation equipment   Debit   $ 40,800

  Equipment                                                 Credit                          $ 76,800

To record sale of equipment for $ 36,000

3.  Cash                                                          Debit    $ 31,000

  Accumulated Depreciation equipment   Debit    $ 40,800

  Loss on sale of equipment                       Debit    $   5,000

  Equipment                                                  Credit                          $ 76,800                        

To record sale of equipment for $ 31,000 and loss on sale of $ 5,000

Explanation:

Computation of net book value

Cost of equipment                                                                             $ 76,800

Less: Accumulated depreciation                                                     $ 40,800

Net book value                                                                                  $ 36,000      

In first step where the equipment is sold of $ 47,000, the differential between the sale value and the net book value is the gain on sale and is credited in the accounting entry.

In the second step, where the equipment is sold for $ 36,000, the sale proceeds is exactly equal to the net book value and no gain or loss is recorded.

In the third step, the equipment is sold for $ 31,000 and the differential  between the net book value and the sale proceeds is a loss and recorded as a debit in the accounting entry

4 0
3 years ago
g "With respect to the types of information systems used in organizations, financial, operations, and human resource management
34kurt

Answer:

enterprise resource planning.

Explanation:

Enterprise resource planning involves management of main business processes and usually involves use of software. ERP supports similar processes based on the department it is deployed to.

For example ERP can be set up in a company to define various functions of human resources, accounting, amd operations.

The software used for each division will be tailored to their needs. Operations will be more towards everyday processes of production and customer service, while for human resources it will support more of data analysis for effective people management and performance related activities.

6 0
3 years ago
Kevin Morales invests $14,963.72 now for a series of $2,200 annual returns beginning one year from now. Kevin will earn a return
4vir4ik [10]

Answer:

Answer= 9 years

Explanation:

Present value of annuity=Annuity[1-(1+interest rate)^-time period]/rate

14,963.72=2200[1-(1.06)^-n]0.06

14,963.72=36,666.67[1-(1.06)^-n]

1-(1.06)^-n=(14,963.72/36,666.67)

(1.06)^-n=1-(14,963.72/36,666.67)

(1/1.06)^n=0.591898545

Taking log on both sides;

n*log (1/1.06)=log 0.591898545

Hence n=log0.591898545/log (1/1.06)

=9 years.

7 0
3 years ago
The difference between average annual returns on common stocks and returns on long-term government bonds is called a:___________
Anestetic [448]

Answer:

Market risk premium.

Explanation:

The difference between average annual returns on common stocks and returns on long-term government bonds is called a market risk premium.

Basically, market risk premium is typically determined by taking the slope of a security market line (SML); which is used by economist as a graphical representation of the capital asset pricing model (CAPM).

Market premium risk is used to determine the quantitative measure of the extra return demanded by market participants for the increased risk.

3 0
3 years ago
What is the YTM of a bond if it is sold for $1,029.33, pays a semi-annual coupon of $40, and matures in 15 years? Round to the n
galben [10]

Answer:

The YTM of a bond is 7.67%

Explanation:

From a financial calculator, plug the following figures:

PV = -1029.33

PMT = 40

N = 15*2

   =30

FV = 1000

CPT I/Y =3.834%

Then:

YTM = 3.834*2

        = 7.67%

Therefore, The YTM of a bond is 7.67%

3 0
3 years ago
Other questions:
  • Concerts in arenas are not excludable because it is virtually impossible to prevent someone from seeing the show.
    15·1 answer
  • Which of these are functions of an entrepreneur?
    14·2 answers
  • Which statement is true about popular culture and stereotypes?
    10·1 answer
  • HELP ASAP NEED THIS
    6·2 answers
  • Economic growth is __________.
    10·1 answer
  • Sylvia's annual salary increases from $102,300 to $109,500. Sylvia decides to increase the number of vacations she takes from th
    5·1 answer
  • Market researchers for a local bakery determined that Jewish people consume 63% of the portion of bagels sold in New York City.
    14·1 answer
  • The jackson family is undecided about whether or nara buy a new car of the
    12·1 answer
  • Why were trade unions established​
    8·2 answers
  • About ____ percent of worldwide stocks of tuna, cod, and other large ocean fishes have disappeared in the last 50 years.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!