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goblinko [34]
3 years ago
14

A tour group split into two groups when waiting in line for food at a fast food counter. The first group bought 8 slices of pizz

a and 7 soft drinks for $45.10. The second group bought 6 slices of pizza and 5 soft drinks for $33.34. How much does one slice of pizza cost?
Business
1 answer:
creativ13 [48]3 years ago
7 0

Answer:

The cost of an slice of pizza is $3.94

Explanation:

Hi, we have to construct 2 equations with the information of the problem, the first one is " 8 slices of pizza and 7 soft drinks for $45.10".

8P+7D=45.10

And the second one, when "The second group bought 6 slices of pizza and 5 soft drinks for $33.34" is.

6P+5D=33.34

Where: P = pizza slices and D= soft drinks

We need to substract one equation from the other, but firs we need to equal one of the variables. In order to do so, we multiply our first equation by 5 and the second one for 7, therefore we get.

First equation

40P+35D=225.5

And the second one:

42P+35D=233.38

And now, we substract them and solve.

40P+35D-(42P+35D)=225.5-233.38

40P-42P+35D-35D=-7.88

-2P=-7.88

P=\frac{-7.88}{-2} =3.94

The cost of a slide of pizza is $3.94

In case you needed to find the cost of the soft drink, we just substitute P for 3.94 in any of the initial equations, that is:

8(3.94)+7D=45.1

7D=13.58

D=1.94

The cost of a soft drink is $1.94

Best of luck.

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Which of the following statements regarding a balanced scorecard is correct? Multiple Choice A balanced scorecard includes non-f
Fynjy0 [20]

Answer:  All of these are correct answers.

Explanation: In simple words, Balanced scorecard refers to the strategic management system in which the organisational tries to communicate to the stakeholders what is their ultimate goal and what are they trying to establish.

In such a process, the managers of the organisation translate their mission statement relating to various aspects of customer service and declares their course of actions regarding the activities that really matters to the customers.

Hence from the above we can conclude that all the statements are correct in the given case.

4 0
4 years ago
Blossom Corporation is authorized to issue 49,000 shares of $5 par value common stock. During 2017, Blossom took part in the fol
Tanzania [10]

Answer:

See explanation section

Explanation:

Requirement A

Debit      Cash                                         $194,600

Credit     Common stock - Par value                             $ 22,500

Credit     Common stock - Additional paid-in-capital   $172,100

Calculation:

Cash:  4,500 shares × $45 = $202,500

As the company's par value is $5,

Common stock - Par value: 4,500 shares × $5 = $22,500

As the market value of the stock is $45, the additional stock value = $45 - $5 = $40. Moreover, the company has issuance cost of $7,900

Additional common stock apart from par value minus the issuance cost = ($4,500 shares × $40) - $7,900 = $180,000 - $7,900 = $172,100.

<em>The company issue common stock with a market value of $45 and issuance cost of $7,900 in exchange of cash.</em>

Requirement B

Debit      Land                                         $50,600

Credit     Common stock - Par value                             $ 5,500

Credit     Common stock - Additional paid-in-capital   $45,100

Calculation:

Land:  1,100 shares × $46 = $50,600

As the company's par value is $5,

Common stock - Par value: 1,100 shares × $5 = $5,500

As the market value of the stock is $46, the additional stock value = $46 - $5 = $41.

Additional common stock apart from par value = ($1,100 shares × $41) = $45,100.

Although the land is appraised for $49,000, due to the increased market price stock, it is valued more.

<em>The company issue common stock with a market value of $46 in exchange for land.</em>

Requirement C

Debit    Treasury Stock          $19,270

Credit              Cash                $19,270

Purchasing share from the stock market is known as treasury stock.

Calculation: Treasury stock = 470 shares × $41 = $19,270

Debit     Cash                          $17,860

Credit    Common Stock - par value                             $2,350

Credit    Common stock - Additional paid-in-capital   $15,510

Calculation:

As the company's par value is $5,

Common stock - Par value: 470 shares × $5 = $2,350

Additional common stock apart from par value = $470 shares × ($38 - $5) = $15,510.

<em>The company issue common stock with a market value of $38 after purchasing those treasury stock at $41 per share.</em>

3 0
4 years ago
Assuming that the total manufacturing costs are $3,400,000, compute the cost of goods manufactured using the information below.
kirill115 [55]

Answer:

c. $ 3,409,000

Explanation:

Computation of cost of goods manufactured

The cost of goods manufactured is calculated by adjusting the opening and closing work in process balances to the total manufacturing input

Total manufacturing input                                                          $ 3,400,000                                                                            

Add: Opening work in process                                                 $        27,000

Less: Closing work in process                                                 <u> $ (       18,000)</u>

Cost of goods manufactured                                                 $   3,409,000  

The cost of goods manufactured is determined by the total of the input and adding the differnce in opening and closing work in process balances.                

5 0
3 years ago
Dahlia can earn​ $60,000 a year working at a relatively safe​ job, or​ $65,000 a year working at a riskier job. The probability
guajiro [1.7K]

Answer:

C) ​$6.25 million

Explanation:

Compensating wage differentials are paid to workers so that they accept tasks that are considered dangerous or hazardous.

A worker’s utility function is:

Utility = f (w, risk of injury)

Dahlia's safe job utility function = f(60000, 0.0002)

Dahlia's riskier job utility function = f(65000, 0.001)

A 400% increase in risk will increase Dahlia's salary by $5,000,

When you are using the compensation differential approach, you can determine the value of a life by dividing the compensating differential by the increased chance of death.

($65,000 - $60,000) / (1/1000 - 1/5,000) = $5,000 / 0.0008 = $6,250,000

5 0
3 years ago
Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 2,600 units ar
NISA [10]

Answer:

$39,720

Explanation:

Total fixed costs that represent current cash flows = $35,760 - $4,100

Total fixed costs that represent current cash flows = $31,660

Variable costs = 2,600 units * $3.10

Variable costs = $8,060

The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget will be

= $31,660 + $8,060

= $39,720

6 0
3 years ago
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