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son4ous [18]
3 years ago
13

MONEY Deanna and Lise are playing games at the arcade. Deanna started with $15, and the machine she is playing costs $0.75 per g

ame. Lise started with $13, and her machine costs $0.50 per game. After how many games will the two girls have the same amount of money remaining?
Business
1 answer:
goblinko [34]3 years ago
7 0

Answer:

The answer is: after 8 games

Explanation:

You can solve this problem in two ways:

                                        Deanna                        Lise

Start with                            $15                            $13

After 1 game                      $14.25                       $12.50

After 2 games                   $13.50                       $12.00

After 3 games                   $12.75                        $11.50

After 4 games                   $12.00                        $11.00

After 5 games                   $11.25                         $10.50

After 6 games                   $10.50                        $10.00

After 7 games                    $9.75                         $9.50

After 8 games                   $9.00                        $9.00

Or you can solve this equation:

= (price of arcade D - price of arcade L) / (Deanna's money - Lise's money)

= ($0.75 - $0.50) / ($15 - $13) = $0.25 / $2 = 8

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seropon [69]
Idk but i would say somewhere around 2 years
3 0
4 years ago
A stock has a beta of 1.15, the expected return on the market is 10.3 percent, and the risk-free rate is 3.1 percent. What must
kvv77 [185]

Answer:

The expected return on this stock is 11.38%.

Explanation:

We apply the Capital Asset Pricing Model (CAPM) to solve the problem.

Under the CAPM, we have:

Return on a stock = Risk-free rate + Beta * ( Return on Market - Risk free rate).

in which:

Risk-free rate is given at 3.1%;

Beta is given at 1.15;

Return on Market is given at 10.3%;

So:

Return on a stock = Risk-free rate + Beta * ( Return on Market - Risk free rate) = 3.1% + 1.15 * ( 10.3% - 3.1%) = 11.38%.

Thus, the answer is 11.38%.

8 0
4 years ago
Shelton, Inc. has sales of $435,000, costs of $216,000, depreciation expense of $40,000, interest expense of $21,000, and a tax
Ad libitum [116K]

Answer:

The Income Statement  is-

Sales = $435,000

Costs = 216,000

Depreciation = 40,000

EBIT= $179,000

Interest = 21,000

EBT = $158,000

Taxes = 55,300

Net income = $102,700

I have done this question before in my "Money Management" Dual enrolled class.

:)

4 0
3 years ago
You are going to invest in Asset J and Asset S. Asset J has an expected return of 11.2 percent and a standard deviation of 52.2
andrey2020 [161]

Answer:

7.98%

8.61%

Explanation:

wj = [(0.172)² - 0.50x0.522x0.172)/((0.522)²+(0.172)²-2x0.50x0.522x0.172]

= - 0.07211

Expected returns

= (-0.07211)x 0.112+(1-(-0.07211))x0.082

= 7.98367%

Standard deviation

=√((-0.07211)x(0.522²+((1-(-0.07211))x0.172)²+2x(-0.07211)x(1-(-0.07211))x0.522x0.172x0.5)

This gives us a standard deviation of

= 8.61054%

The expected return = 7.98%

The standard deviation = 8.61%

8 0
3 years ago
As a warm-up, here's a question that won't affect your score. We recommend you take this test in a quiet place free from distrac
sveta [45]

Answer:

a) commonly agreed-upon professional accounting standards in the United States

Explanation:

According to the Generally Accepted Accounting Principles (GAAP) it consist of accounting principles, rules, procedures that are followed companies to companies so that there financial statements considered to be valid.

Here, in the given question the option A is correct as it is agreed for the professional accounting standard that shows the Generally Accepted Accounting Principles (GAAP)

Hence, the correct option is A.

8 0
3 years ago
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