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sesenic [268]
3 years ago
14

A teacher has decided to take her fifth grade class to a play. The manager of the theater agreed to discount the regular ​$35 pr

ice of the ticket by ​$0.30 for each ticket sold. The cost of the​ bus, ​$480​, will be split equally among each of the students. How many students must attend to keep the cost per student at or below ​$35​?
Business
1 answer:
MArishka [77]3 years ago
8 0

Answer:

40 students

Explanation:

The cost of the bus is $480

For x students, the cost of each ticket will be 35 - 0.30x

The total cost of the tickets for x students will be x(35 - 0.30x)

To find the number of students that will make the cost per student equal to $33, we solve for x:

<u>480+ x(35 - 0.30x)</u>  =35

                x

480+ x(35 - 0.30x<u>)</u>   = 35x

480 + 35x - 0.30x²   = 35x

480                            = 0.30x²

1,600                          = x²

40                               = x

The cost per student will be $35 if the number of students is 40; it will be less than $35 if the number of students is greater than 40.

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Answer:

B. ​First-in, first-out​ (FIFO)

Explanation:

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First-in, first-out principle can be used to determine the profitability of a merchandise with its associated cost taken into consideration.

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3 years ago
Read 2 more answers
On May 3, 2020, Windsor Company consigned 90 freezers, costing $480 each, to Remmers Company. The cost of shipping the freezers
aivan3 [116]

Answer:

a. Value of Ending inventory  $ 22025

b. Profit=  $ 10429

c. Amount Remitted to the Consignor  $32454      

Explanation:

Windsor Company

Goods Sent on Consignment  90 * $ 480= $ 43,200

Shipping Charges                                              $ 850

Total                                                                    $44050

Cost of One Freezer = $ 44050/ 90= $ 489.44

Cost of 45 Freezers= $22025

The ending inventory value is calculated by multiplying the unit costs with the units at hand.

a. Value of Ending inventory at the Hands of the Consignee = Units* Cost Price = 45 * $ 489.44= $ 22025

Sales by the Consignee           45* $ 780= $ 35100

b. Profit= Sales - (Cost + Expenses) =  $ 35100- ($22025 + $2646)  

= $ 10429

Profit is calculated by subtracting all the expenses and the cost from the sales

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Advertisement Costs                                $ 210

Commission (6% of 35100)=                     $2106

Total  Expenses                                      $2646  

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3 years ago
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1. All of the following are considered phases of the management process except _____. planning directing controlling executing b
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Answer:

1. Executing

2. Directing

3. Continuous process improvement

Explanation:

According to Managerial Accounting Concepts and Principles

1. All of the following are considered phases of the management process except EXECUTING

2. The process by which managers run day-to-day operations is called DIRECTING

3. CONTINUOUS PROCESS IMPROVEMENT is the philosophy of continually improving employees, business processes, and products.

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2 years ago
Cheng builds replica miniature cabinets. His costs for each cabinet are $28 each. A consultant tells Cheng that the average marg
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Answer:

check the calculations below.

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(b) Selling price if margin is 49%

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16. Why?A.Some courts have not found digital sampling illegal. B. Thomas-Rasset's use was fair use for educational purposes.

4 0
3 years ago
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