1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Gemiola [76]
3 years ago
13

Ryan is going to rent a truck for one day. There are two companies he can choose from, and they have the following prices. Compa

ny A charges an initial fee of $72.50 and an additional 40 cents for every mile driven. Company B charges an initial fee of $25 and an additional 90 cents for every mile driven. For what mileages will Company A charge no more than Company B? Write your answer as an inequality, using m for the number of miles driven.
Business
1 answer:
son4ous [18]3 years ago
3 0

m≥95

Explanation:

Since, we have two option given.

forming the equation for Company A

As company A pay fixed (intercept) of $72.5. Moreover, with every one mile driven company A pays $0.4 (slope)

Using the equation

y=mx+c

where m is slope, and c is intercept.

In the case of company A. slope is $0.4, and intercept is $72.5.

charges= 0.4m+72.5

Forming the equation for company B

charges=0.9m+25

Now, as per the requirement of question we must find the value of m, where Company A will charge no more than company B

<em>That means,</em>

<em>we have to find the value of m where charges from equation of company A should be less than or equal to charges from equation of company B</em>

<em>in other words,</em>

<em>0.4m+72.5 ≤ </em> 0.9m+25

solving for m,

Step 1

72.5-25 ≤  0.9m-0.4m

Step 2

47.5≤ 0.5m

Step 3

47.5/0.5≤ m

Step 4

95≤ m

in other words, m≥95

You might be interested in
You first look at the trial balance. In addition to the account balances reported in the income statement, the ledger contains t
Greeley [361]

Answer:

rent revenue 21,500 debit

  unearned revenue  21,500 credit

--to amend incorrect recognition of revenue--

Supplies expense  4,070 debit

              Supplies          4,070 credit

--to record use of supplies--

Insurance expense  1,875 debit

              Prepaid Insurance 1,875 credit

--to record use of supplies--

advertizing expense 150 debit

repair expense        1050 debit

utilities expense       200 debit

    account payable           1,400 credit

--to record accrued expenses--

wages  expense   810 debit

   wages payable       810 credit

--to record accrued wages--

interest expense 420 debit

  interest payable    420 credit

--to record accrued interest--

Explanation:

#1 unearned revenue

The company should not recognize the summer-month occupancy as this occurs between April and June thereofre it is unearned The company has an obligation to perform. To give the rental space thus it is a liability not earnings.

#2 Supplies adjustment:

Jan 1st $4,600 - March 31st $530 = $4,070 supplies expense

#3 expired insurance:

value per month: $7,500 / 12 months = 625

month expired between Jan 1st and March 31st: 3

total value f expired insurance: $625 per month x 3 month = 1,875

#4 accured expenses concetps were incurred and we most recognize them

#5 each day $270 times 3 days accrued = 810 total wages accrued

#6 accrued interest expense: principal x rate x time

$21,000 x 0.08 x 3/12 = $420

3 0
3 years ago
When they produce 20,000 units per month, Sanders Incorporated has variable costs of $392,000 and fixed costs of $242,000. If Sa
Lady_Fox [76]

Answer:

increased in budget = $98000

correct option is A $98000

Explanation:

given data

produce = 20,000 units per month

variable costs = $392,000

fixed costs = $242,000

increases production = 25,000 units

to find out

how much will they have to increase their budget

solution

we get here total cost or present budget that is

total cost = variable cost + fixed cost

total cost = $392000 + $242000

total cost = $634000

and

variable cost per unit will be here

variable cost per unit = \frac{variable\ costs}{produce}

variable cost per unit = \frac{392000}{20000}

variable cost per unit = 19.6

and

variable cost for increased production = increases production × variable cost per unit  

variable cost for increased production = 25000 × 19.6

variable cost for increased production = 490000

and

total cost of increased production = fixed cost + variable cost for increased production

total cost of increased production = $242000 + $490000

total cost of increased production = $732000

and

increased in budget = $732000 - $634000

increased in budget = $98000

correct option is A $98000

6 0
3 years ago
Petrus Framing's cost formula for its supplies cost is $2,300 per month plus $6 per frame. For the month of March, the company p
Alchen [17]

Answer:

$30 Favorable

Explanation:

Calculation for the activity variance for supplies cost in March

Using this formula

Activity variance = (Actual units - Budgeted units) * Variable cost

Where,

Actual units=856

Budgeted units=861

Variable cost=$6

Let plug in the formula

Activity variance=(856-861) * $6

Activity variance=5*$6

Activity variance=$30 Favorable

Therefore the activity variance for supplies cost in March would be closest to: $30 Favorable

8 0
3 years ago
on september 30 world co. borrowed $1,000,000 on a 9% note payable. World paid the first of four quarterly payments of $264,200
goldenfox [79]

Answer: The appropriate entry for the note payable as at 31 December is $758,300.

Explanation: The interest expense on the note is calculated as: $1,000,000 *9/12 *3/12 months = $22,500. The amount paid for the first of the quarterly payment was $264,200. Therefore, note principal repayment can be derived by subtracting the interes accrued from the actual payment, that is, $264,200 minus $22,500 = $241,700. To get the principal note balance, you would subtract $241,700 from $1,000,000, leaving a balance of $758,300.

The appropriate adjusting entries would be:

On 30 September: Debit Cash $1,000,000, Credit Note payable (current liabilities) $1,000,000

Monthly interest accrual: Dr Interest expense $7,500 Credit Interest payable $7,500

On first payment of the quarter, the entity would raise these entries: Dr Interes payable $22,500, Dr note payable (current liabilities) $241,700 Credit Cash $264,200.

8 0
3 years ago
? Question
Vikki [24]

Answer:

The American Recovery and Reinvestment Act of 2009 (Recovery Act) - which President Obama signed into law on February 17th, 2009 - was an unprecedented action to stimulate the economy. It included measures to modernize our nation's energy and communication infrastructure and enhance energy independence.

Explanation:

4 0
2 years ago
Other questions:
  • You are managing a portfolio of $1 million. Your target duration is 10 years, and you can choose from two bonds: a zero-coupon b
    9·1 answer
  • Why should you establish an online account with the travel charge card vendor?
    6·1 answer
  • Many businesses today are abandoning the traditional business attire and allowing their employees to come to work in business ca
    15·1 answer
  • As a manager of a retail-clothing store, Lance favors detailed job descriptions, formal rules and regulations, detailed records,
    6·1 answer
  • Sheryl's Shipping had sales last year of $10,000. The cost of goods sold was $6,500, general and administrative expenses were $1
    6·1 answer
  • Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
    9·1 answer
  • Before 1993, the U.S. Forest Service sold timber-cutting rights:
    6·1 answer
  • Bill Darby started Darby Company on January 1, 2018. The company experienced the following events during its first year of opera
    8·1 answer
  • I WILL GIVE BRAINLIEST
    13·1 answer
  • Sarah has 13 stickers. Sissy has 28 stickers. Sissy divides her stickers into 4 equal group. She gives 1 group to Sarah. How man
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!