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lesya [120]
4 years ago
14

The school production of​ 'Our Town' was a big success. For opening​ night, 501 tickets were sold. Students paid ​$3.00 ​each, w

hile​ non-students paid ​$5.00 each. If a total of $ 1767.00 was​ collected, how many students and how many​ non-students attended?
Business
1 answer:
SVETLANKA909090 [29]4 years ago
8 0

Answer:

no of students are 369

and no of non students are 132

Explanation:

given data

ticket sold  = 501

student paid = $3

non students paid = $5

total collection = $ 1767

to find out

how many students and how many non-students attended

solution

we consider here no of students  = x

and no of  non students = y

so we can say that

x + y = 501   ...................1

y = 501 - x     ...................2

and paid by students then equation will be

3x + 5y = 1767   ..............3

put value 2 equation in equation 3

3x + 5(501 - x) = 1767

3x + 2505 - 5x = 1767

-2x + 2505 = 1767

x = 369

so y will be y = 501 - 369

y = 132

so no of students is 369

and no of non students is 132

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Answer:

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Explanation:

$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.

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Swifty Corporation developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-val
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Answer:

the inventory value is $267,000

Explanation:

As we know that the inventory is valued at cost or market whichever is lower

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Product B   $122,000

So, the total is

= $87,000 + $58,000 + $122,000

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5 0
3 years ago
"corporate social responsibility (CSR) refers to"
Mademuasel [1]

Answer:

The correct answer is letter "C": ethical expectation that society has for business.

Explanation:

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3 0
3 years ago
You buy a lottery ticket to a lottery that costs $10 per ticket. there are only 100 tickets available to be sold in this lottery
zaharov [31]

You must look first for the probability of the 4 prizes which are $500, $100, $25, and no prize.
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Expected gain or loss is computed by: (P(x)* n)

E= (500-10)*.01 + (100-10)*0.02 + (25-10)* 0.04 + (-10)*.93
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E = -2

There is a loss of $2.

5 0
3 years ago
Exercise 6-18 Break-Even and Target Profit Analysis; Margin of Safety; CM Ratio [LO6-1, LO6-3, LO6-5, LO6-6, LO6-7]Menlo Company
bonufazy [111]

Answer:

Instructions are below.

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Variable expenses= 448,000 (28)

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Net operating income=$46,800

1) To calculate the break-even point in units and dollars, we need to use the following formulas:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 145,200/(40-28)

Break-even point in units= 12,100 units

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<u>2) The break-even point is the number of units to sell to reach a net profit of cero. Therefore, the contribution margin must be equal to the fixed costs.</u>

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