Income Statement. A firm’s income statement included the following data. The firm’s average tax rate was 20%. (LO3-1) Cost of go
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The correct statement will be that the maximum number of $5 bills that can be in Hermione's purse will be 7. So, the correct option that matches the statement is D.
The number of bills of $5 are seven, as Hermione also has at least one bill of $1.
<h3>Calculation of bills. </h3>- Considering Hermione has at least one bill of $1, then the computation of total bills out $40 can be shown as below,
- where <em>x </em>is the number of $5 bills
- So we know that the maximum number of bills of $5 that can be kept by Hermione is 7 as $35 is the nearest number possible and seven bills of $5 will constitute $35.
Hence, it can be concluded that option D is correct that there are seven bills of $5 in the purse of Hermione and hence there will be five bills of $1 in her purse.
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Answer:
Option B ($5,500) is the appropriate choice.
Explanation:
The given expression is:
⇒
At the zero (0) level of income, the consumption would be the Autonomous consumption.
then,
Y = 0
On substituting the value of "Y" in the given expression, we get
⇒
⇒
⇒ (%)