Answer:
X = 32
Y = 96
Explanation:
Z = 5%
Z = (0.04X + 0.08Y) / (X + Y)
we can substitute Z:
0.05 = (0.04X + 0.08Y) / (X + Y)
0.05 (X + Y) = 0.04X + 0.08Y
0.05X + 0.05Y = 0.04X + 0.08Y
0.01X = 0.03Y
X = 0.03Y / 0.01 = 3Y
This means that we must choose one value for Y that divided by 3 equals another option:
the only possibility that fits the equation is:
Answer:
It is not legal for an insurance company to raise your premium if you were involved in a crash that wasn't your fault. In case that happens to you, you should first contact your insurance broker, but if he/she doesn't fix the issue, you must contact your state insurance department and file a complaint against your insurance company. Depending on which state you live in, you can file the complaint online, by phone, by mail, and/or email. If you live in your state capital city, I guess you can probably do it in person also.
Answer:
On average, it takes customers 47 days to pay their bills.
Explanation:
Please find the below for detailed explanation and calculations:
Fisher's Furniture Store's annual credit sell = Monthly credit sales x 12 = $1,230,000 x 12 = $14,760,000;
Fisher's Furniture Store's account receivables turnover ratio = Annual Credit Sales / Average account Receivables = $14,760,000 / $1,900,000 = 7.77 times;
The average time it takes customers to pay ( in days) = Receivable turnover in days = 365 / The account receivables turnover ratio = 365/ 7.77 = 47 days
Thus, the answer is 47 days.
