Answer:
The correct answer is b. 116,900
The publishing company must sell 116,900 copies of the book to break even.
Step-by-step explanation:
Each book costs 0.55 to make and the company can sell it at 6.75, which means that the company earns 6.20 from each book, this is called the net value. If you divide the amount htat the company paid for the rights by the net value you can find the total number of copies that the company has to sell to break even.
# books = $725,000/$6.20 = 116935 or approximately 116900 copies of the book.
Answer:
After 50 years the stock value will be $50 per share.
Step-by-step explanation:
Simple Interest Equation (Principal + Interest)
A = P(1 + rt)
Where:
A = Future amont = $50
P = Principal Amount = $40
r = Rate of Interest per year in decimal; r = R/100 = 0.5/100 = 0.005
t = Time Period involved in months or years
Plug in the values
50 = 40(1 + 0.005t)
50 / 40 = (1 + 0.005t)
5/4 = 1 + 0.005t
5/4 - 1 = 0.005t
0.25 = 0.005t
t = 0.25 / 0.005
t = 50 years
The value is 5 tens because the 5 is in the tens place
Answer:
5.93 years
Step-by-step explanation:
The continuous compounding formula tells you the amount after t years will be ...
A = Pe^(rt) . . . . principal P compounded continuously at annual rate r for t years
7400 = 5500e^(0.05t)
ln(7400/5500) = 0.05t . . . . divide by 5500, take natural logs
t = 20×ln(74/55) ≈ 5.93
It will take about 5.93 years for $5500 to grow to $7400.
12•1
13•6
12/78 divide both numbers by 6 to simplify
Answer- 2/13
