Choose all that apply. Select all the types of retirement accounts. IRA Mutual fund IDA 401(k) 403(b) CD

there were 200 tickets sold for a college basketball game. Tickets were $4.50 for students and $9 for adults. The total amount c

Virty [35]

Answer:

$70$ tickets were sold to student and $130$ tickets were sold to adults

Explanation:

Let the number of tickets purchased by students be "X" and the number of tickets purchased by adults be "Y"

Given

Total number of tickets sold $= 200$

Total amount collected by selling $200$ tickets $= 1485$ dollar

Cost of one ticket of student $= 4.5$ dollar

Cost of one ticket of adult $=$ 9 dollar

Two equation are as follows

$X + Y = 200\\$ ------Eq (1)

$4.5 X + 9 Y =1485$ -------- Eq (2)

Multiplying eq (1) by 9 and subtracting from equation 2 we get

$4.5 X - 9 X + 9Y -9Y = 1485 - (200* 9)\\-4.5 X = -315\\X = 70$

Substituting the value of X in equation 1 we get

$70 + Y = 200\\Y = 200 -70 \\Y = 130$

Therefore, $70$ tickets were sold to student and $130$ tickets were sold to adults

8 0

3 years ago

The decision-making process followed by consumers to maximize utility assumes thatA. consumers do not know how much marginal uti

Dmitry [639]

Answer:

The correct answer is option C.

Explanation:

The decision-making process followed by consumers assumes that consumers are rational beings who are trying to maximize their satisfaction using their limited income.

So these consumers will consume the good or combination of goods that maximize their total utility derived from the consumption of these goods.

The consumers have limited income, they are aware of the marginal utility they derive from the consumption of an additional unit and they are also able to rank their preferences.

3 0

3 years ago

Consider the circular flow model to answer the questions that follow.

Zarrin [17]

Answer:

The answer is :

A. Resource market - income

B. Expenditure - product market.

Explanation:

A. Resource market - income

B. Expenditure - product market

The circular flow model shows how money moves through the economy in exchange for goods, services, and resources.

A.

In circular flow of income, households provide inputs to firms through the resource market(matket where households supply land, labor, capital, and entrepreneurship) in exchange for money(income or wages).

B.

Also in circular flow of income, firms receives expenditure from household and this type of market is called product market(which refers to a place where goods and services are bought and sold)

6 0

3 years ago

On January 1, 2021, Hobart Mfg. Co. purchased a drill press at a cost of $36,000. The drill press is expected to last 10 years a

timama [110]

In 2021, the depreciation expense is $1500 and the book value is $34,500.

In 2022, the depreciation expense is $5040 and the book value is $30.960.

The units of production depreciation method depreciates an asset based on the output of the asset in a given period.

units of production = (output in a given year / total estimated output) x (cost of the asset -salvage value)

Book value is the cost of the asset or the carrying value of the asset less the depreciation.

2021 depreciation = (25,000 / 500,000) x ($36,000 - $6000) = $1500

Book value = $36,000 - $1500 = $34,500

2022 depreciation = (84,000 / 500,000) x ($36,000 - $6000) = $5040.

Book value = $36,000 - $5040 = $30,960

To learn more about book value, please check: brainly.com/question/15871765

7 0

2 years ago

Filer Manufacturing has 8 million shares of common stock outstanding. The current share price is $74, and the book value per sha

GaryK [48]

Answer:

10.45%

Explanation:

First find the cost of equity for the company

RE = [$4.60*(1.05) / $74] + 0.05

RE = 0.1153, or 11.53%

Then find the YTM on both bond issues

P1 = $950 = $45*PVIFA(R%,48) + $1,000*PVIF(R%,48)

R = 4.767%

YTM = 4.767%×2

YTM = 9.53%

P2 = $1,080 = $50*PVIFA(R%,16) + $1,000*PVIF(R%,16)

R = 4.298%

YTM = 4.298%×2

YTM = 8.60%

Total Debt = 0.95($80,000,000) + 1.08*($60,000,000)

Total Debt = $140,800,000

Weight of D1 = 76,000,000 / 140,800,000

Weight of D1 = 0.5398

Weight of D2 = 64,800,000 / 140,800,000

Weight of D2 = 0.4602

Weighted Average after-tax cost of debt

RD = (1 – 0.35)*[(0.5398)*(0.0953) + (0.4602)(0.086)]

RD = .0592, or 5.92%

Market value of equity = 8,000,000*($74) = $592,000,000

Market value of debt = $140,800,000

Total market value of the company = $592,000,000 + 140,800,000 = $732,800,000

Weights of equity and debt

E/V = $592,000,000 / $732,800,000 = 0.8079

D/V = 1−E/V = 0.1921

WACC = 0.8079(0.1153) + 0.1921(0.0592)

WACC = 0.1045, or 10.45%

7 0

3 years ago