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SOVA2 [1]
3 years ago
15

Steve and Hillary can mow the lawn in 60 minutes if they work together. If Hillary works three times as fast as Steve, how long

does it take for Steve to mow the lawn alone
Business
2 answers:
spayn [35]3 years ago
8 0

Answer:

Steve can mow the lawn in 240 minutes

Explanation:

It is given Hillary works three times as fast as Steve

When both work together the work is completed in 60 minutes

Let Steve can do 1 work in 1 minute

So Hillary can do 3 work in 1 minute

So work done by both in 1 minute = 1+3 = 4

As they can complete the work in 60 minutes

So total work = 4×60 = 240 work

As Steve can do 1 work in a minute

So time taken by Steve to complete the work =\frac{240}{1}=240minutes

Katena32 [7]3 years ago
6 0

Answer:

Steve will take 240 minutes or 4 hours.

Explanation:

Steve and Hillary can mow a lawn in 60 minutes by working together. However, Hillary works three times faster than Steve.

Let's assume Steve takes takes x minutes to mow alone.

This implies that Hillary can mow alone in x/3 minutes.

In a minute, Steve can mow 1/x of the lawn, so this means Hillary can mow 3/x of the lawn.

In a minute together then can mow,

= \frac{1}{x} + \frac{3}{x}

= \frac{4}{x}

In 60 minutes they can mow

= \frac{4}{x} \times 60

= \frac{240}{x}

This means that it takes 4 hours for Steve to mow the lawn alone.

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Miller Corporation has a premium bond making semiannual payments. The bond pays a coupon of 10 percent, has a YTM of 8 percent,
Degger [83]

Answer:

          Miller Bond:                    

Today:      1,166.63

1-year       1,159.83

4-years     1,135.90

9-years     1,081.11

13-years   1,018.86

14-years  1,000 (maturity)

Modigliani Bond

Today:     851.01

1-year      856.25

4-years    875.38

9-years     922.78

13-years   981.41

14-years  1,000 (maturity)

Explanation:

The present value will be the discount coupon payment and maturirty at the YTM rate:

<u>Miller Bond:</u>

The coupon payment are calcualte as ordinary annuity

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 50.00 (1,000 x 10% / 2)

time      28 (14 years x 2 payment per year)

rate   0.04 (8% YTM / 2 payment per year)

50 \times \frac{1-(1+0.04)^{-28} }{0.04} = PV\\

PV $833.1532

While Maturity, using the lump sum formula

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $1,000.00

time   28 semesters

rate  0.04

\frac{1000}{(1 + 0.04)^{28} } = PV  

PV   333.48

PV coupon $833.1532  +PV maturity  $333.4775  = Total $1,166.6306

For the subsequent time we must adjust t

in one year, there will be 26 payment until maturity

50 \times \frac{1-(1+0.04)^{-26} }{0.04} = PV\\

PVcoupon $799.1385

\frac{1000}{(1 + 0.04)^{26} } = PV  

PVmaturity   360.69

Total $1,159.8277

As the bond get closer to maturity it will get closer to face value until maturity when it will equalize it.

<u>We recalculate the same formula with values of:</u>

in 4-year : then 10 years to maturity t = 20

in 9-years: then 5 years to maturity t= 10

in 13-years: 1 year to maturity t = 2

at 14 years: is maturity date so equals the face value of 1,000

<em>Remember:</em> there are two payment per year.

Same process will be done with Modigliani bond:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 1,000 x 8% / 2 payment per year : 40.00

time: 14 years x 2 payment per year = 28 payment

rate 10% annual rate /2 = 0.05

40 \times \frac{1-(1+0.05)^{-28} }{0.05} = PV\\

PV coupon $595.9251

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity $ 1,000.00

time   28 semester

rate  0.05

\frac{1000}{(1 + 0.05)^{28} } = PV  

PV  maturity 255.09

PV coupon $595.9251  + PV maturity  $255.0936 = Total $851.0187

and then we calcualte for the same values of t we are asked for the Miller bond.

8 0
3 years ago
General motors and chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because
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<span>General motors and Chrysler recently experienced financial distress resulting in near bankruptcies fundamentally because </span>their costs got out of control, causing their total costs to exceed their total revenues.
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What is the percentage change in the multifactor labor and raw materials productivity measure for sunpath between 2011 &amp; 201
scZoUnD [109]
2013,2014,2015,2016,2017,2018,2019,2020,2021

6 0
3 years ago
2. Which of the following groups of users would primarily be interested in a company's annual
KengaRu [80]

Answer:

C. Shareholders and providers of finance

Explanation:

A company's financial report communicates the financial health of a business. It indicates whether a business is profitable and can meet its financial obligations.

Shareholders are the owners of a business. They are interested in the financial reports to know if their venture is making profits. Shareholders expect to earn dividends from the business. Only a profitable business is able to declare dividends. Financial reports guide shareholders in making decisions regarding the future of the business.

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2 years ago
Which of the following are true?
laiz [17]

Answer:

c. Payback is the amount of time to recover the initial investment. No discounting occurs and all cash flows after the payback period are not accounted for. The rule is intuitive and used by small business owners

Explanation:

Net present value is the present value of after tax cash flows from an investment less the amount invested.  The NPV does account for all cash flows as well as time value of money.

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested . The IRR does account for all cash flows.

The discounted payback period discounts cash flows

3 0
3 years ago
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