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3 years ago

Charles Edgar Duryea and his brother are credited with creating which of the following products?

2 answers:

7 0

Gasoline-powered automobile should be the answer.
I cannot explain the whole story, but PM me, if you'd like to hear it.
Good luck with your future studies,
Mabel L.

Evgen [1.6K]3 years ago

7 0

Gasoline-powered automobile is the correct answer.<span>
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Ahmad bought a desktop computer and a laptop computer. Before finance charges, the laptop cost less than the desktop. He paid fo

deff fn [24]

Answer:

cost of laptop = $1,800

cost of desktop = $2,100

Explanation:

From the question above, we can see that the laptop costs $300 less than the desktop, therefore, we say:

let x represent the cost of the laptop ;

then x+300 will be the cost of the desktop .

We can also see that the total finance charge of $252 is equal to 7% of the cost of the laptop and 6% of the cost of the desktop, we solve as follows:

252 = 0.07(x) + 0.06(x + 300)

252 = 0.07x + 0.06x + 18

252 - 18 = 0.13x

234 = 0.13x

x = 234/0.13

x = 1,800

Recall that:

cost of desktop = x + 300

therefore:

1,800 + 300 = 2,100.

cost of laptop = $1,800

cost of desktop = $2,100

6 0

3 years ago

Read 2 more answers

Mixed economies can evolve when societies with different kinds of economies interact. True or False

CaHeK987 [17]

The answer here is true, mixed economies can evolve when societies with different kinds of economies interact

4 0

3 years ago

Ponzi Products produced 100 chain-letter kits this quarter, resulting in a total cash outlay of $10 per unit. It will sell 50 of

goldenfox [79]

Answer:

a) Ponzi Products

Income statement

For quarters 1, 2, 3 and 4 of year 202x

Q1 Q2 Q3 Q4

Sales revenue $0 $550 $600 $0

COGS $0 $500 $500 $0

Operating income $0 $50 $100 $0

Since no products are sold during the first and fourth quarter, their respective revenues, COGS and operating income is $0.

b) Ponzi Products

Schedule of Expected Cash Receipts

For quarters 1, 2, 3 and 4 of year 202x

Q1 Q2 Q3 Q4

Sales revenue $0 $0 $550 $600

Cost of goods man. ($1,000) $0 $0 $0

Net cash receipts ($1,000) $0 $550 $600

c) This question is incomplete, it should say what is Ponzi's net working capital for each quarter?

NWC = current assets - current liabilities

NWC Q1 = $1,000 (Merchandise inventory account, no liabilities)

NWC Q2 = $500 (Merchandise inventory account, no liabilities)

NWC Q3 = $550 (Cash account, no liabilities)

NWC Q4 = $1,150 (Cash account, no liabilities)

6 0

3 years ago

3. You have $100 to invest. The price of XYZ stock is $100. You sell short one share of XYZ and then invest all available funds

tigry1 [53]

Answer:

HPR = holding period Return is 20%

Explanation:

Given original Investment = $100

Short sale proceeds for 1 share = $100

Investment made of $100 + short sale proceeds of $100 at 5% YTM.

So Maturity Value = Investment x (1+YTM)^number of years

= 200 x (1 + 0.05)^1 = 210

Therefore, In order to cover Short sale of 1 share, we will have to buy 1 share at a closing value of $90

As such, holding period Return = (Investment proceeds from ZCB - Buying price of stock - Investment amount) / Investment Amount

= (210 - 90 - 100) / 100 = 0.2 or 20%

Hence, HPR = holding period Return is 20%

5 0

3 years ago

Copybold Corporation is a start-up company that has a capital structure with a debt/assets ratio equal to 0.75. Copybold has no

galben [10]

Answer:

The value of the difference between the earnings per share (EPS) forecasts for Feast and Famine is $2.40

Explanation:

The solution is as evident in the attached Excel Sheet. In the excel sheet the formulas are used which are also given in the second sheet.

For the data values from the question are used.

8 0

2 years ago