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Free_Kalibri [48]
3 years ago
13

Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off

her total. How much loan does Molly need?
Business
2 answers:
denis23 [38]3 years ago
7 0

Answer:

Molly needs a $1,000 loan.

Ksivusya [100]3 years ago
4 0

Answer: $3000

Explanation:

Based on the information given, the amount of loan that Milly needs will be the addition of the down payment and the cash allowance and this will be:

= Down payment + Cash allowance

= $2500 + $500

= $3000

Molly needs a loan of $3000

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When sam goes to a restaurant, he always tips the server $2 plus 10% of the cost of the meal. if sam’s distribution of meal cost
o-na [289]
Given that S<span>am's distribution of meal costs has a mean of $9 and a standard deviation of $3, this means that the range of Sam's meal cost that are within one standard deviation is given by ($9 - 3, $9 + 3) = ($6, $12).

Given that Sam </span><span>always tips the server $2 plus 10% of the cost of the meal, this means that when the cost of the meal is $9, Sam tips $2 + (0.1 x 9) = $2 + $0.9 = $2.90

Therefore, the mean of the distribution of Sam's tips is $2.90

Similarly, the </span><span>range of Sam's tips that are within one standard deviation is given by ($2 + 0.1(6), $2 + 0.1(12)) = ($2 + 0.6, $2 + 1.2) = ($2.6, 3.2) = ($2.9 - $0.3, $2.9 + $0.3)

Therefore, </span><span>the standard deviation of the distribution of Sam's tips is $0.3</span>
5 0
3 years ago
Stephanie, Inc. sells its product for $40. The variable costs are $18 per unit. Fixed costs are $16,000. The company is consider
Yuliya22 [10]

Answer:

It will increase

Explanation:

Before the purchase of the automated machine, break even point is computed as follows:

Sale price: $40

Less variable cost: $18

Therefore, contribution per unit = $40 - $18 = $22.

With fixed cost at $16,000, breakeven point in units = \frac{Fixed Cost}{Contribution}

= 16,000/22

Break even cost = 727.27 units.

With the purchase of the automated machine, break even point is computed as follows:

Sale price: $40

Less variable cost: ($18 - $2) = $16

Therefore, contribution per unit = $40 - $16 = $24.

Fixed cost = $16,000 + $5,000 = $21,000.

Breakeven point in units = 21,000/24

Break even cost = 875 units.

Therefore, breakeven point will increase as a result of the purchase of the automated machine.

4 0
3 years ago
The petty cash fund had an initial imprest balance of $ 220. It currently has $ 18 in​ cash, $ 3 in miscellaneous petty cash​ ti
Svetradugi [14.3K]

Answer:

The debit to Cash Short​ & Over would be​:    $ 8

Explanation:          

                           Particulars              Debit              Credit                                                    

                         Cash                         $ 18

                        Miscellaneous           $ 3

                       Additional Tickets      $ 191

                     Cash Over and Short     $ 8

                                    Petty Cash Fund                    $ 220

Sometimes a petty cashier fails to get a receipt for a payment or over pays for the amount due. When this occurs and the fund is later reimbursed the petty cash payments report plus  the cash remaining will not total to the fund balance . This mistake causes the fund to be short. This shortage is recorded as an expense in the reimbursing entry with a debit to Cash Short​ & Over .

4 0
3 years ago
What message is this price tag telling shoppers? (other than it is on sale)
KatRina [158]
It is saying that it was $9 and it was then marked down on sale for 7:00. The tag is also telling you the size.
3 0
2 years ago
Ralph purchased 4 tires for his van for $539.16. What is the price per tire?
Dimas [21]
Each tire is worth $134.79 :)
5 0
3 years ago
Read 2 more answers
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