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
Charra [1.4K]
3 years ago
7

Quincy lives on pretzels and seafood salads. The price of pretzels is 1 dollar per bag and the price of seafood salads is 2 doll

ars each. Quincy allows himself to spend no more than 14 dollars a day on food. He also restricts his consumption to 3,400 calories per day. There are 600 calories in a bag of pretzels and 200 calories in a seafood salad. If he spends his entire money budget each day and consumes no more calories than his calorie limit, he can consume up to:_______.
A) 2 bags of pretzels per day but no more.
B) 5 seafood salads per day but no more.
C) 4 bags of pretzels per day but no more.
D) 5 bags of pretzels per day but no more.
E) None of the above.
Business
1 answer:
nexus9112 [7]3 years ago
5 0

Answer:

C) 4 bags of pretzels per day but no more.

Explanation:

Let x represent the amount of pretzels bought and let y represent the amount of seafood bought.

Since Quincy allows himself to spend no more than 14 dollars a day on food, hence:

x + 2y ≤ 14        (1)

He also restricts his consumption to 3,400 calories per day, hence:

600x + 200y  ≤ 3400    (2)

Also, x, y > 0        (3)

Plotting the constraints of equation, 1, 2 and 3 using geogebra online graphing tool

From the graph, the point that satisfy this equation is (4, 5). That is 4 pretzels and 5 seafood.

This means that he can consume 4 bags of pretzels per day but no more.

You might be interested in
If actual sales totaled $450,000 for the current year (30,000 units at $15 each) and planned sales were $540,000 (45,000 units a
torisob [31]

Answer:

Option B, $45,000, is the right answer.

Explanation:

Given actual sales = $450000

Actual units that is sold = 30000 units

Actual selling price = $15 per unit

Planned sales = $540000

Planned units = 45000

Planned selling price = $12 per units.

The difference between actual and planned sales due to unit price factor = change in units × change in price

= (45000 – 30000) × (15 – 12)

= $45000

Thus option B is correct.

4 0
3 years ago
Suppose an American buys stock issued by an Argentinian corporation. The Argentinian firm uses the proceeds from the sale to bui
faltersainse [42]

Answer:

Policies consistent with the goal of increasing productivity and growth in developing countries are:

1. Protecting property rights and enforcing contracts

2. Providing tax breaks and patents for firms that pursue research and development in health and sciences

Explanation:

To increase productivity and growth in developing countries, it is important that developing countries enhance the mechanisms for protecting property rights and enforcing contracts.  These are the bases for attracting more foreign direct investments.  The court system should be a system where justice is obtained and a system which can enforce the rights of individuals to own property.  Without this basic ingredient, foreign direct investments will be hard to attract.

4 0
3 years ago
Derrick Iverson is a divisional manager for Holston Company. His annual pay raises are largely determined by his division’s retu
almond37 [142]

Answer:

a. Project's net present value is $1,015,163.09

b. Simple rate of return is 15%

c. Yes. The reason is that the project has a positive net present value of $1,015,163.09.

d. No. The reason is that the simple rate of return of 15% obtained in part b is lower the division’s return on investment (ROI), which has been above 20% each of the last three years.

Explanation:

a. Compute the project's net present value.

To compute this, we first calculate the annual cash inflow as follows:

Annual cash inflow = Net operating income + Depreciation = $452,000 +  $828,000 = $1,,280,000

Now, the project's net present value can be calculated using the formula for calculating the present of an ordinary annuity as follows:

PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

PV = Present value of the annual cash flow = ?

P = Annual cash inflow = $1,280,000

r = Discount rate = 17%, or 0.17

n = Equipment useful years = 5

Substitute the values into equation (1) to have:

PV = $1,280,000 * [{1 - [1 / (1 + 0.17)]^5} / 0.17]

PV = $4,095,163.09

Project's net present value = PV - Project's initial investment = $4,095,163.09 - $3,080,000 = $1,015,163.09

b. Compute the project's simple rate of return

This can be computed as follows:

Simple rate of return = Net operating income / Initial investment =  $452,000 / $3,080,000 = 0.15, or 15%

c. Would the company want Derrick to pursue this investment opportunity?

Yes. The reason is that the project has a positive net present value of $1,015,163.09.

Note that had it been the net present value of the project was negative, the company would not want to Derrick to pursue this investment opportunity since the decision of the company is based on whether the project's NPV is positive or negative.

d. Would Derrick be inclined to pursue this investment opportunity?

No. The reason is that the simple rate of return of 15% obtained in part b is lower the division’s return on investment (ROI), which has been above 20% each of the last three years.

Pursuing this investment opportunity will therefore reduce the Overall ROI of the division and Derrick will not get annual pay raises if this happens.

8 0
3 years ago
Using a coupon on your cell phone when checking out at the Hard Rock Café, or checking in to a retail location using Foursquare
vazorg [7]

Answer:

c. Mobile Retailing.

Explanation:

Using a coupon on your cell phone when checking out at the Hard Rock Café, or checking in to a retail location using Foursquare mobile app is an example of Mobile Retailing.

Mobile retailing can be defined as the process of buying or shopping for goods and services through the internet by using a smartphone, mobile device or tablets. It is one of the convenient ways, potential customers use to engage in e-commerce.

4 0
3 years ago
Richardson Supply's $3.9 million cost of inventory at the end of last year was understated by $1.2 million.
Triss [41]

Answer:

Part a. Was last year's reported gross profit of $2.9 million overstated, understated, or correct? What was the correct amount of gross profit last year?

Gross Profit was Understated by $1.2 million

Correct Gross Profit is $4.1 million

Part b. Is this year's gross profit of $3.6 million overstated, understated, or correct? What is the correct amount of gross profit for the current year?

Gross Profit is Overstated by $1.2 million

Correct Gross Profit is $2.4 million

Part c. Was last year's reported cost of goods sold of $5.4 million overstated, understated, or correct? What was the correct amount of cost of goods sold last year?

Cost of Goods Sold was Overstated by 1.2 million

Correct Cost of Goods Sold is $4.2 million

Part d. Is this year's cost of goods sold of $5.7 million overstated, understated, or correct? What is the correct amount of cost of goods sold for this year?

Cost of Goods Sold was Understated by 1.2 million

Correct Cost of Goods Sold is $6.9 million

Explanation:

Closing Inventory Reduce the Cost of Sales at the end of the year.It is Transferred to the Statement of Financial Position to depict a resource controlled by the entity from which economic benefit is expected to flow in the entity - Asset.

Opening Inventory Increase the cost of Sales because it presents a depletion of Assets of Inventory.

Cost of Sales and Gross Profit have an Inverse Relationship.

6 0
3 years ago
Other questions:
  • Randy works 50 weeks a year, averaging $500 a week in wages. He is offered a salaried position at $27,500 a year. If he accepts
    14·2 answers
  • Ihi ta 101 from the viewpoint of the world health organization, “health” is defined as:
    15·1 answer
  • While driving to school, Brandon thinks about his upcoming midterms. When he reaches campus, he realizes that he doesn't remembe
    10·1 answer
  • This software application can be used to organize, analyze, and illustrate data.
    14·1 answer
  • Recently there have been several mergers involving Big Four accounting firms. One such merger involved the firms of Arthur Young
    14·1 answer
  • One of the benefits of a savings account is that it allows your money to grow but there is a high risk associated with it.
    10·1 answer
  • What is the difference between marketing and merchandising? How do each of these concepts fulfill a different function in the bu
    15·2 answers
  • Evan and Rosa have two young children. Evan has a full-time job as a truck driver, and Rosa is currently applying for jobs. What
    15·1 answer
  • Cheryl is single, has one child (age six), and files as head of household during 2020. Her salary for the year is $19,500. She q
    6·1 answer
  • Coca-Cola costs the consumer about the same as Pepsi, Dr Pepper, and other soft drinks. The soft drink industry generally follow
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!