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Alborosie
3 years ago
6

Matthew Sudak drove 8 miles to pick up his cousin Jack, then drove 11miles to a mall at a speed of 15 mph faster. If Matthew's t

otal travel time was 24 minutes, what was his speed on the trip to pick up Jack?
Mathematics
1 answer:
pychu [463]3 years ago
8 0

Answer:

He drove to pick Jack at a speed of 16.25mph

Step-by-step explanation:

In this question, we are trying to calculate the speed at which Mathew drove to pick up his cousin Jack.

Firstly, we need to calculate some stuffs.

like the total number of distance traveled? That is simply 8 miles + 11 miles = 19 miles! keep this!

Now, we need to know the total average speed. This is the total distance traveled over the time taken. The time taken is 24 minutes, let’s have this in hours. That would be 24/60 = 0.4 hours

The total average speed is thus 19 miles/ 0.4 hours = 47.5 mph

Now let’s go get the speed he drove to Jack!

directly from the question, we were told that the speed to the mall is 15mph faster. This means if the speed he took to fetch Jack was x, the speed to the mall would be x + 15

so this means;

x + x + 15 = 47.5

2x + 15 = 47.5

2x = 32.5

x = 32.5/2

x = 16.25 mph

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Ghost, Inc., has no debt outstanding and a total market value of $369,600. Earnings before interest and taxes, EBIT, are project
arlik [135]

Answer:

Ghost Inc.

A1.

Earnings Per share (EPS)

EPS in normal projection is $4.61 per share

EPS in an expansion is $5.31 Per share

EPS in a recession is $3.51 Per share

A2.

Changes to EPS in an expansion is +15.18%

Changes to EPS in a recession is -23.86%

B1.

Earnings Per share (EPS)

EPS in normal projection is $7.23 per share

EPS in an expansion is $8.62 Per share

EPS in a recession is $5.01 Per share

B2.

Changes to EPS in an expansion is +19.23%

Changes to EPS in a recession is -30.71%

Step-by-step explanation:

<u>Underlying Information:</u>

Earnings before interest and taxes, EBIT projections = $51,000

Expansionary EBIT projections = $51,000 x (100% + 15%) = $58,650

Recessionary EBIT projections = $51,000 x (100% -24%) = $38,760

Tax Rate = 24%

Market to Book Ratio = 1.0

Stock Price is constant.

Solution to A1.

<u>Scenario 1 (Projected Earnings)</u>

Earnings Per Share (EPS) = Net Income (Earnings after Tax) divided by Outstanding Shares in Issue

Net Income = EBIT minus tax = $51,000 - ($51,000 x 24%)

                                                 = $51,000 - $12240

                                                 = $38,760

Outstanding shares in issue = 8,400 ordinary Shares

EPS = $38,760 divided by 8,400 shares = $4.61 Per share

<u>Scenario 2 (Projected Earnings in a strong expansion)</u>

Earnings Per Share (EPS) = Net Income (Earnings after Tax) divided by Outstanding Shares in Issue

Net Income = EBIT minus tax = $58,650 - ($58,650 x 24%)

                                                 = $58,650 - $14,076

                                                 = $44,574

Outstanding shares in issue = 8,400 ordinary Shares

EPS = $44,574 divided by 8,400 shares = $5.31 Per share

<u>Scenario 3 (Projected Earnings in a Recession)</u>

Earnings Per Share (EPS) = Net Income (Earnings after Tax) divided by Outstanding Shares in Issue

Net Income = EBIT minus tax = $38,760 - ($38,760 x 24%)

                                                 = $38,760 - $9,302.4

                                                 = $29,457.6

Outstanding shares in issue = 8,400 ordinary Shares

EPS = $44,574 divided by 8,400 shares = $3.51 Per share

Solution to A2.

1.Changes to EPS in an expansion = EPS (Expansion) minus EPS (normal projection), all divided by EPS (normal projection)

= (5.31 - 4.61) / 4.61

= +15.18% change during an expansion

2.Changes to EPS in a recession = EPS (Recession) minus EPS (normal projection), all divided by EPS (normal projection)

= (3.51 - 4.61) / 4.61

= -23.86% change during a recession

<u>Underlying Information:</u>

Debt issue = $185,000

Interest on debt issued = 6% = $11,100

Market to Book Ratio = 1.0

Stock Price is constant.

Therefore Share Price  = Market Value divided by Outstanding shares in issue = 369,600 / 8400 = $44

This implies our proceeds of $185,000 from debt issue would have repurchased $185,000 divided by $44 = 4,205 ordinary shares

This decision to repurchase its shares indicates the shares outstanding will reduce by 4,205. New outstanding shares will now be 4,195 shares

*Earnings before interest and taxes, EBIT normal projections  = $51,000 & Earnings Before Tax  (EBT) = $51,000 minus $11,100 (debt interest) =  $39,900

*Expansionary EBIT projections = $51,000 x (100% + 15%) = $58,650 & Earnings Before Tax = $58,650 minus $11,100 (debt interest) =  $47,550

*Recessionary EBIT projections = $51,000 x (100% -24%) = $38,760 & Earnings Before Tax = $38,760 minus $11,100 (debt interest) =  $27,660

Tax Rate = 24%

Solution to B1.

<u>Scenario 1 (Projected Earnings)</u>

Earnings Per Share (EPS) = Net Income (Earnings after Tax) divided by Outstanding Shares in Issue

Net Income = EBT minus tax = $39,900 - ($39,900 x 24%)

                                                 = $39,900 - $9,576

                                                 = $30,324

Outstanding shares in issue = 4,195 ordinary Shares

EPS = $30,324 divided by 4,195 shares = $7.23 Per share

<u>Scenario 2 (Projected Earnings in a strong expansion)</u>

Earnings Per Share (EPS) = Net Income (Earnings after Tax) divided by Outstanding Shares in Issue

Net Income = EBT minus tax = $47,550 - ($47,550 x 24%)

                                                 = $47,550 - $11,412

                                                 = $36,138

Outstanding shares in issue = 4,195 ordinary Shares

EPS = $36,138 divided by 4,195 shares = $8.62 Per share

<u>Scenario 3 (Projected Earnings in a Recession)</u>

Earnings Per Share (EPS) = Net Income (Earnings after Tax) divided by Outstanding Shares in Issue

Net Income = EBT minus tax = $27,660 - ($27,660 x 24%)

                                                 = $27,660 - $6,638.40

                                                 = $21,021.60

Outstanding shares in issue = 4,195 ordinary Shares

EPS = $21,021.60 divided by 4,195 shares = $5.01 Per share

Solution to B2.

1.Changes to EPS in an expansion = EPS (Expansion) minus EPS (normal projection), all divided by EPS (normal projection)

= (8.62 - 7.23) / 7.23

= +19.23% change during an expansion

2.Changes to EPS in a recession = EPS (Recession) minus EPS (normal projection), all divided by EPS (normal projection)

= (5.01 - 7.23) / 7.23

= -30.71% change during a recession

6 0
3 years ago
What would (4,3) be after it is reflected to the y=x
Paul [167]

Answer:

(3,4)

Step-by-step explanation:

The amount of steps applied from the reflection line to the point would be also applied inversely to the image point (after reflection).

From y=x to (4,3), it goes 1 down and also goes 1 right. (NOTE: It does not go down and right. Instead, it goes <em>either</em> down and right)

So now inverse that to make 1 up and also going 1 left.

5 0
3 years ago
Paladin furnishings generated $4 million in sales during 2021, and its year end total assets were $3.2 million. also, at year en
ElenaW [278]

Without having to raise funds externally sales could increase by $84,507.04.

Given that $4 million sales in 2021 and in end of the year total assets are $3.2, current liabilities are $500,000, payable notes are $200,000, accounts payable is $200,000 and accrued liabilities are $100,000 and in 2022 assets must increase by $.80 for every $1.00 increase in sales.

The amount of sales increase that the company can achieve without having to raise funds externally is calculated by multiplying the current year sales with the self-supporting growth rate.

Current Year Sales = $4,000,000

Profit Margin = 3.00%

Dividend Payout Ratio = 50%

Therefore, the Retention Ratio = 50%

Total Spontaneous Liabilities is, $200,000 + $100,000=$300,000

Last Year Total Assets = $3,200,000

Therefore, the Self-supporting Growth Rate=Addition to Retained Earnings÷[Total Assets–Total Spontaneous Liabilities-Addition to Retained Earnings]

= [Last year sales×Profit Margin×(1-Dividend Payout Ratio)]÷[Total Assets-Total Spontaneous Liabilities-Addition to Retained Earnings]

= [$4,000,000×0.03×(1–0.50)]÷[$3,200,000-$300,000–{[$4,000,000×0.04×(1–0.050)}]

= $60,000÷[$3,200,000-$300,000-$60,000]

= $80,000÷$2,840,000

= 0.02112676 or 2.112676%

Therefore, the increase in sales that the company can achieve without having to raise funds externally = Last Year Sales×Self-supporting Growth Rate

= $4,000,000×2.112676%

= $84,507.04

Hence, the Increase in Sales so the company achieve without having to raise funds externally $84,507.04”

Learn about profit margin from here brainly.com/question/5193190

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7 0
2 years ago
What is the justification for step 2 in the solution process?12 - x = 7x +32Step 1: -X = 7x + 20Step 2: -8x = 20
HACTEHA [7]
Answer:

The subtraction property of equality

Option A is correct

Explanation:

The given equation is:

12 - x = 7x + 32

Subtract 12 from both sides

12 - 12 - x = 7x + 32 - 12

-x = 7x + 20 (Step 1)

From step 1 above, subtract 7x from both sides

-x - 7x = 7x - 7x + 20

-8x = 20 (Step 2)

Since we subtracted 7x from both sides to get step 2, the justification for step 2 is the subtraction property of equality

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2 years ago
Shese<br> Functions - Graphing<br> A State whether each graph represents a function.<br> ਤੇ<br> ਸੀ।
True [87]

Answer:

1) No

2) No

3) Yes

4)Yes

5) No

6) No

Step-by-step explanation:

In a function, no domains (x-coordinates) are repeated. Only graphs 3 and 4 meet this requirement.

Hope it helps!

4 0
3 years ago
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