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Paladinen [302]
3 years ago
15

Mark earns $8.25 per hour at his summer job. He wants to buy a video game system that costs $206.25. First, write an equation to

model the relationship between numbers of hours worked (h) and amount earned (e). Then, solve your equation to find the number of hours Mark needs to work in order to afford the video game system.
Business
2 answers:
kramer3 years ago
6 0

Answer:

amount earned in hour(s) = e × h

He need to work 25  hours to be able to afford the video game system.

Explanation:

Mark earns $8.25 per hour at his summer job. He want to buy a video game system that costs $206.25. An equation to model the relationship between the number of hours worked and amount earned can be represented below;

Number of hour worked = h

amount earned = e

amount earned in hour(s) = e × h

The number of hours marked need to work in order to afford a video game system is represented as

amount earned in hour(s) = $206.25

e = $8.25

amount earned in hour(s) = e × h

206.25 = 8.25h

divide both sides by 8.25

206.25/8.25 = h

h  = 206.25/8.25

h = 25  hours

aleksley [76]3 years ago
3 0

Answer:

First, write an equation to model the relationship between numbers of hours worked (h) and amount earned (e).

  • e = $8.25h

where e = earnings and h = hours worked

Then, solve your equation to find the number of hours Mark needs to work in order to afford the video game system.

since you need to raise $206.25, the your equation ⇒ $206.25 = $8.25h

h = $206.25 / 8.25 = 25 hours of work

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Which of the following is NOT included in the calculation of GDP?
viktelen [127]

Answer:

The correct answer is option C.your granny's monthly social security payment

Explanation:

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Option B also points to household consumption expenditure,as the cup of coffee is for household usage.

Option C does not have a place in the formula as it is not a payment for a good or service.It is a  payment that cannot be tied to any transaction.Hence,option C is your best bet.

Paying wages means parting with money in return for value-adding services,so it features in the GDP computation.

7 0
3 years ago
Suppose that when the price per ream of recycled printer paper rises from​ $4 to​ $4.50, the quantity demanded falls from 800 to
Delvig [45]

Answer:

Option (c) is correct.

Explanation:

Initial quantity demanded = 800

New quantity demanded = 600

Initial price = $4

New price = $4.50

Using the midpoint​ formula,

For price:

Average price:

= (Initial price + New price) ÷ 2

= ($4 + $4.50) ÷ 2

= $4.25

Change in price = New price - Initial price

                           = $4.50 - $4

                           = $0.50

For Quantity demanded:

Average quantity demanded:

= (Initial Quantity demanded + New Quantity demanded) ÷ 2

= (800 + 600) ÷ 2

= 700

Change in quantity demanded:

= New Quantity demanded + Initial Quantity demanded

= 600 - 800

= -200

Price elasticity of demand:

=\frac{\frac{Change\ in\ quantity\ demanded}{Average\ quantity\ demanded} }{\frac{Change\ in\ price}{Average\ price}}

=\frac{\frac{(-200)}{700} }{\frac{0.50}{4.25}}

= (- 0.29) ÷ 0.12

= -2.43

5 0
3 years ago
Pina Inc. has outstanding 10,500 shares of $10 par value common stock. On July 1, 2020, Pina reacquired 104 shares at $87 per sh
umka2103 [35]

Answer:

Please see explanation

Explanation:

The following journal entries shall be recorded by the Pina Inc in its accounts for the transactions mentioned in the question:

July 1, 2020                                     Debit                  Credit

Treasury shares                               $9,048

(104*87)

Bank                                                                              $9,048

(Reacquiring of 104 shares at $87 per share)

September 1, 2020                                     Debit                  Credit

Bank                                                            $5,670

(63*90)

Treasury shares                                                                       $5,481

(63*87)      

Paid in capital                                                                           $189                

(5,670-3,567                                                                            

(Reissuing of 63 shares at $90 per share)

November 1, 2020                                     Debit                  Credit

Bank                                                            $3,403

(41*83)

Paid in capital                                             $164

(3,567-3,403)

Treasury shares                                                                       $3,567

(41*87)      

(Reissuing of 41 shares at $83 per share)

8 0
4 years ago
A functional organization is an organization structure in which staff is grouped by areas of specialization, and the project man
Sunny_sXe [5.5K]

Answer:

True.

Explanation:

A functional organisation focuses on grouping staff according to their areas of specialisation, and the project manager is an expert in that field. This is to ensure the project manager can effectively supervise the staff to deliver quality work.

There is less emphasis on the manager's powers of resource control.

However in projectized organisation the project manager has a lot of authority for budgeting, personnel, and decision-making.

4 0
4 years ago
The following transactions are for Kingbird Company.
ohaa [14]

Answer:

a. The journal entries to record the transactions woule be the following:

To record the sales

3 dec                            Debit             Credit

Account receivables $473,800

Sales                                                 $473,800

To record the cost of goods sold

cost of goods sold      $320,000

Merchandise Inventory                    $320,000

To record the allowance

8 dec                                          Debit             Credit

Sales return and allowance    $22,800

Accounts receivable                                       $22,800

To record the cash received from the customer

13 dec                                          Debit             Credit

Cash                                         $446,490

Sales discount                         $4,510

Accounts receivable                                       $451,000

Explanation:

a. The journal entries to record the transactions woule be the following:

First we have to prepare the journal entry to record the sales and cost of goods sold according to the given data:

To record the sales

3 dec                            Debit             Credit

Account receivables $473,800

Sales                                                 $473,800

To record the cost of goods sold

cost of goods sold      $320,000

Merchandise Inventory                    $320,000

Next we have to Prepare the journal entry to record the allowance as follows:

To record the allowance

8 dec                                          Debit             Credit

Sales return and allowance    $22,800

Accounts receivable                                       $22,800

Finally we have to Prepare the journal entry to record the cash received from the customer as follows:

To record the cash received from the customer

13 dec                                          Debit             Credit

Cash                                         $446,490

Sales discount                         $4,510

Accounts receivable                                       $451,000

Cash=$451,000-$4,510=$446,490

Sales discount=$451,000*1%=$4,510

Accounts receivable=$473,800-  $22,800=$451,000

8 0
3 years ago
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