Answer:
5 ; 5
Explanation:
Let us assume that the postcard be X
And the letters be Y
So there are two equations which are presented below:
X + Y = 10 - equation 1
$0.28X + $0.44Y = $3.60 - equation 2
Now we simplify the equation 2 by multiplying with the 100 and dividing by 4
7X + 11Y = $90
Now we substitution the both equations
X + Y = 10
7X + 11Y = $90
Multiplied by 7 in first equation
So,
7X + 7Y = 70
7X + 11Y = $90
4Y = 20
Y = 5
As we know
X + Y = 10
So, X would be
= 10 - 5
= 5
Answer:
d. current ratio, acid-test ratio, accounts receivable turnover, and inventory turnover.
Explanation:
For determining the company short term debt paying ability, the liquidity ratios are used i.e current ratio, acid test ratio, account receivable turnover and inventory ratio
By using this ratios the company could able to analyze their liquidity that means they have the sufficient balance to pay off the short term debt or liability i.e current liabilities moreover the time period is maximum 1 year for paying off the short term liabilities
Answer:
a. Government - highly Inelastic
b. producers - Somewhat elastic
c. consumers and producers - Highly elastic
d. consumers - Highly elastic
Explanation:
Inelastic demand is that which does not changes with the change in the price of any product.
Government oriented demand remains constant irrespective of pricing and hence it is highly inelastic while in case of producers and consumers, the demand may vary depending on the substitute availability in the market
Answer:
95% confident that the true proportion of service contracts sold on treadmills versus exercise bikes is between -0.1969 and 0.02689.
Explanation:
S1 = number of service contracts for sold treadmills
S2 = number of service contracts for sold Exercise Bikes
P1 = 67/185 = .362162
P2 = 55/123 = .447154
P=n1p1 +n2p2/ n1 + N2 = 185*.362 + 123*.447/ 185 + 123 = .3961
Standard Error = .0571
Margin of Error = E = Za/2 * Se = 1.96 * .0571 = .1119
Lower Limit = (P1 – P2) – E =(.362 - .447) - .1119 = -.1969
Upper Limit = (P1 – P2) + E = (.362 -.447_ + .1119 =.02691
Therefore 95% confident that the true proportion of service contracts sold on treadmills versus exercise bikes is between -0.1969 and 0.02689.