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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

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kirill115 [55]

Answer:  Define Project Needs, Understand the Project Objectives, Define the Project Scope

Explanation: Project Scope is defined as the work that needs to be accomplished to deliver a product, service, or result with the specified features and functions.

The scope of the project should have a tangible objective for the organization that is undertaking the project

There are 3 main steps of project scope and they are:

1. Define Project Needs

2. Understand the Project Objectives

3. Define the Project Scope

Scope statement are the documentation of the scope of the project will explain the boundaries of the project, establish the responsibilities of each member of the team and set up procedures for how the work that is completed will be verified and approved.

6 0
2 years ago
During the year, Bears Inc. recorded credit sales of $620,000. Before adjustments at year-end, Bears has accounts receivable of
AleksandrR [38]

Answer:

Bad Debt Expense Dr. $28050        

Allowance for Uncollectible accounts Cr. $28050

Explanation:

given data

credit sales = $620,000

accounts receivable = $320,000

past due = $55,000

credit balance = $2,600

rate = 7 %

rate = 22 %

solution

so here Not yet past due is = $320,000 - $55,000 -

Not yet past due = $265,000

and

past due = $55,000

so  Required provision is

Required provision = $265,000 × 7 % + $55,000 × 22 %

Required provision = $30650

and

Opening balance is $2,600

so

Required expense for year = $30650 - $2,600

Required expense for year  = $28050

so here

correct entry is

Bad Debt Expense Dr. $28050        

Allowance for Uncollectible accounts Cr. $28050

8 0
3 years ago
5 An insured has four separate but identical policies written by different insurers to cover her $100,000 building. Each policy
qaws [65]

Answer:

each policy will pay $25,000 of the loss

Explanation:

Based on the scenario being described within the question it can be said that the each policy will pay $25,000 of the loss. This is an equal share for each policy and is due to them having the pro rata liability clause. This clause states that a policy is only liable for an equal percentage of the loss if the insurer has other policies from other companies. As in this case.

5 0
3 years ago
Bonita, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
jeka94

Answer:

Results are below.

Explanation:

<u>To calculate the activities rates, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Designing= 452,795 / 11,900= $38.05 per designer hour

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Stitching and trimming= 1,501,000 / 79,000= $19 per labor hour

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4 0
3 years ago
On January 1, 2017, Doone Corporation acquired 70 percent of the outstanding voting stock of Rockne Company for $672,000 conside
bogdanovich [222]

Answer:

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Question B:

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Debit/sales/$530

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The next entry has to do with the amount of inventory that remained from the last intercompany transaction.  This is caclulated usin 40% of 2017 sales, which were $430.   So:

Debit inventory $172

Credit Cogs  ($172)

The last part is to eliminate the recievable on the book of rockne when they made te sale

Debit Payable $530

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6 0
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