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
lesya [120]
3 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]3 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

You might be interested in
What is the expected constant-growth rate of dividends for a stock currently priced at $50, that just paid a dividend of $4, and
Viktor [21]

Answer:

8.9

Explanation:

according to the constant dividend growth model

price = d1 / (r - g)

d1 = next dividend to be paid = d0 x (1 +g)  

r = cost of equity

g = growth rate

50 = [4 x (1 +g)] / (0.18 - g)

50(0.18 - g)  = 4(1 +g)

6 0
3 years ago
Livewire company and mccoy's candy, inc., sign a document that states livewire agrees to design a web page for mccoy's, which ag
MariettaO [177]
This is known as a service agreement. A service agreement is used by companies who want to have a transaction with service providers in order to avail of their services. This is to ensure that both of the parties involved agree on each other terms and that there will be no confusion or conflict. 
3 0
3 years ago
Strickland Company owes $202,900 plus $18,600 of accrued interest to Moran State Bank. The debt is a 10-year, 10% note. During 2
Vesnalui [34]

Answer:

a.                     Strickland Company (Debtor)

Date  Account Title and Calculation                   Debit         Credit

          Notes payable                                          $202,900

          Interest payable                                        $18,600

          Accumulated depreciation (Machine)      $218,689

                    Machine                                                             $397,600

                    Gain on disposition of machine                        $7,080

                     (186,000 + 397,000 - 218,680)

                    Gain on debt restructuring                                 $35,500

                    [(202,900 + 18,600) - 186,000]

                       Moran State Bank (Creditor)

Date  Account Title and Calculation          Debit         Credit

         Machine                                             $186,000

         Allowance for Doubtful accounts     $35,000

                Notes receivable                                           $202,900

                 Interest receivable                                        $18,600

b. Gain on machine disposition and the gain on debt restructuring should be reported as an ordinary gain in the income statement.

c.                      Strickland Company (Debtor)

Date  Account Title and explanation         Debit         Credit

         Notes payable                                   $202,900

         Interest payable                                 $18,600

                  Common stock                                             $112,000

                   Additional paid-in-capital                            $74,000

                   Gain on debt restructuring                          $35,500

                       Moran State Bank (Creditor)

Date  Account Title and explanation             Debit         Credit

          Investment Trading                             $186,000

           Allowance for Doubtful accounts      $35,500

                     Notes receivable                                          $202,900

                     Interest receivable                                        $18,600

7 0
3 years ago
On January 1, 2021, the Allegheny Corporation purchased equipment for $115,000. The estimated service life of the equipment is 1
Mazyrski [523]

Answer:

1. $11,000 each year

2. $23,000 and $18,400

3. $15,000 and $12,500

Explanation:

The calculation of the depreciation expense for the 2021 and 2022 is shown below:

1. Straight-line method:

= (Purchase value of equipment - estimated residual value) ÷ (estimated service life)

= ($115,000 - $5,000) ÷ (10 years)

= ($110,000) ÷ (10 years)  

= $11,000

In this method, the depreciation is same for all the remaining useful life  i.e for 2021 also the same depreciation is applied i.e $11,000

2. Double-declining balance method:

First we have to determine the depreciation rate which is

= One ÷ estimated service life

= 1 ÷ 10

= 10%

Now the rate is double So, 20%

In year 1, the original cost is $115,000, so the depreciation is $23,000 after applying the 20% depreciation rate

And, in year 2, the $(115,000 - $23,000) × 20% = $18,400

3. Units-of-production method:

= (Purchase value of equipment - estimated residual value) ÷ (estimated production units)

= ($115,000 - $5,000) ÷ ($220,000 units)

= ($110,000) ÷ (220,000 units)  

= $0.5 per units

For 2021, it would be

= Production units in 2021 year × depreciation per unit

= 30,000 units × $0.5

= $15,000

Now for the 2022, it would be  

= Production units in 2022 year × depreciation per unit

= 25,000 units × $0.5

= $12,500

4 0
3 years ago
Authority is decentralized, tasks and rules are flexible, and employees are given a lot of freedom at reliable copy products, wh
alexira [117]
The statement above is FALSE, Reliable Copy Product is not an example of a mechanistic organization. A mechanistic organization is a type of organization in which the authority is highly centralized, observation of formalized procedures and practices are highly prioritized and specialized functions are assigned.
3 0
3 years ago
Other questions:
  • Broihan Corporation has the following purchases budget for the last half of 2002:
    12·1 answer
  • Deshawn is in his fifth year of employment as a patrol officer for the metro police. his salary for his first year of employment
    9·2 answers
  • (a) A local bookseller is considering expanding store space to increase his capacity for books.
    10·1 answer
  • Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant ra
    8·1 answer
  • What is the difference between regular potato salad and Amish potato salad
    10·1 answer
  • How can a change in income shift a demand for goods?
    13·1 answer
  • A view of a spectacular sunset along a private beach is an example of_______.
    8·1 answer
  • Hardy Company is a wholesale electronics distributor. On December 31, 2008, it prepared the following partial income statement:
    8·1 answer
  • Part 1 of 4
    10·1 answer
  • Match the types of expenses with the correct descriptions
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!