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
Sonja [21]
3 years ago
7

A sporting goods store is having a large sale event. baseball bats are marked down by 42%, and hockey sticks are marked down by

29%. if baseball bats cost $21.46 after the markdown and hockey sticks cost $39.05 after the markdown, which item’s price was reduced by more, and by how many more dollars was it reduced? round all dollar values to the nearest cent.
a. hockey sticks had their prices reduced by $2.31 more than baseball bats.
b. hockey sticks had their prices reduced by $0.41 more than baseball bats.
c. baseball bats had their prices reduced by $4.22 more than hockey sticks.
d. baseball bats had their prices reduced by $0.59 more than hockey sticks.
Business
2 answers:
MissTica3 years ago
5 0
B is the correct answer
SVEN [57.7K]3 years ago
5 0

Answer:

Option b.

Explanation:

Let x be the initial cost of baseball bats.

Baseball bats are marked down by 42%, and baseball bats cost $21.46 after the markdown.

x-\frac{42}{100}x=21.46

x-0.42x=21.46

0.58x=21.46

x=\frac{21.46}{0.58}

x=37

The initial cost of baseball bats is $37.

\frac{42}{100}(37)=15.54

The price of baseball bats reduces by $15.54.

Let y be the initial cost of hockey sticks.

Hockey sticks are marked down by 29% and hockey sticks cost $39.05 after the markdown.

x-\frac{29}{100}x=39.05

0.71x=39.05

x=\frac{39.05}{0.71}

x=55

The initial cost of Hockey sticks is $55.

\frac{29}{100}(55)=15.95

The price of baseball bats reduces by $15.95.

Since 15.95 > 15.54 and 15.95 - 15.54=0.41, it means hockey sticks had their prices reduced by $0.41 more than baseball bats.

Therefore, the correct option is b.

You might be interested in
The rules of debit and credit for expense accounts are the same as the rules for asset accounts. true or false
zepelin [54]
True hope this helps!!
8 0
3 years ago
5-7 Short Run versus Long Run A firm sells 1,000 units per week. It charges $70 per unit, the average variable costs are $25, an
irina1246 [14]

<u>a. The firm should carry out the activities. </u>

<u>b.The firm should carry out activities until it is covering the cost. </u>

<u>c. The firm should shut down business activities when the price of the product goes below $25 in short-run. </u>

<u>d. The firm should shut down business activities when the price of the product goes below $65 in long-run. </u>

Further Explanation:

a  

Steps taken by the firm in the long run:

The sales price of the product is $70. The total average cost of the product is $65. The firm can cover all its costs (variable and fixed) and generating a profit of $5. So it should continue to carry out its business operations in the short run.  

b.

Steps taken by the firm in the long run:

In the long run, all the costs of the firm are variable. In the current case, the fixed cost is around 60% of the total cost. So the firm should attempt to decrease this cost. If the firm can decrease the total cost, it should carry out the business activities. The firm can continue to carry out the operational activities until it is making the profit and covering all the product cost.

c.

The appropriate price for shutting down the business in the short-run:

The firm can shut down the business in the short-run when the price of the product is below $25.

In the short run, the firm can only control the variable cost. The firm can not control the fixed cost of the product. In the given case, the variable cost of the product is $25. Therefore, the firm should shut down the business when the price of the product goes below the variable cost ($25).

d.

The appropriate price for shutting down the business in the long-run:

The firm can shut down the business in the long-run when the price of the product is below $65.

In the long run, the firm can influence all the costs of the business. It can influence the variable cost and the fixed cost of the business. Therefore, it should cover the total cost of the product. Thus, the firm should shut down the business when the price of the product goes below the total cost ($65).

Learn more:

1. Learn more about the variable costing

brainly.com/question/9203162

2. Learn more about the overhead expenses

brainly.com/question/4612804

3. Learn more about the cost of the product

brainly.com/question/1757741

`

Answer details:

Grade: Senior School

Subject: Economics

Chapter: Decision making (Short-run & Long-run)

Keywords: Short Run, Long Run, sells, units, week, charges, average variable costs, average costs, long run, Why, price, consider, shutting down the long run.

6 0
3 years ago
John wishes to set up an account for his grandfather so that he can have some extra money each month. John wants his grandfather
jeka94

Answer:

John must invest $3719.4

Explanation:

It is given that John grandfather withdraws $120 per month for 3 year

So total month = 12 ×3 =36 months

Total amount withdrawn S = 36×120 = 4320

m = 12 times per year

Rate of interest i = 5 % = 0.05

We know that S=P(1+\frac{i}{m})^{mt}

4320=P(1+\frac{0.05}{12})^{36}

4320=P\times 1.1614

P = $3719.41

So john must invest $3719.4

6 0
3 years ago
Major Corp. is considering the purchase of a new machine for $5,000 that will have an estimated useful life of 5 years and no sa
Yuri [45]

Answer:

2.5 years

Explanation:

The payback method calculates how many years it will take the company to recover the investment's cost without considering any discount rate. The formula sued to calculate the payback period is:

payback period = investment cost / annual cash flow

payback period = $5,000 / $2,000 = 2.5

3 0
3 years ago
Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an ela
8_murik_8 [283]

Answer:

1) Direct Materials

Price Variance = $138,474 (F)

Usage Variance = $82,800 (F)

2) Direct Labor

Direct Labor Price = $9,102  (F)

Direct Labor Usage = $4,800  (F)

Explanation:

Material Price Variance = ( Standard price - Actual price) * Actual Quantity purchased

                                      = ($20 - $5.30) *9,420

                                      = $138,474 (F)

Actual Price = $49,926/9,420 = $5.30

Material Usage Variance = ( Standard Quantity - Actual Quantity ) * Standard Price

                                         = ( 11,960 - 7,820 ) $20

                                        =$82,800 (F)

Standard Quantity = 2.60 *4,600 = 11,960

Actual Quantity used = 0+9,420-1,600 = 7,820

Direct Labor price Variance = ( Standard Rate - Actual Rate) * Actual Hours worked

                                             = ($16-$12.30) * 2,460

                                             = $9,102  (F)

Actual time = 61.50*40 = 2,460

Usage variance = ( Standard time - Actual time ) * Standard rate

                          = ( 2,760 - 2,460) $16

                         = $4,800  (F)

Standard time = 0.60 *4,600 = 2,760

3 0
3 years ago
Other questions:
  • An interaction between the case manager and the client that consists of specific questions asked in a designated order is
    7·1 answer
  • An author just signed a lucrative contract with a publisher that offers to pay her the amount of $600 at the end of year 9 when
    15·1 answer
  • Your sister turned 35 today, and she is planning to save $7,000 per year for retirement, with the first deposit to be made one y
    14·2 answers
  • The constraints of economic growth in south africa
    11·1 answer
  • Loss is the value of the economic surplus that is forgone when a market is not allowed to adjust to its competitive equilibrium.
    11·1 answer
  • The market shares of the top five firms in the dishware industry are 18%, 32%, 11%, 14%, and 8%. What is the four-firm concentra
    11·1 answer
  • Materials were requisitioned for use, $28,200, of which $25,000 were direct materials. The entry is:
    5·1 answer
  • 3. Which part of a letter identifies the address of the person writing the letter
    9·1 answer
  • 7200 shares of treasury stock of Coronado, Inc., previously acquired at $13 per share, are sold at $19 per share. The entry to r
    12·1 answer
  • Mr. Smith, the special education teacher, called Tim's parents to schedule a meeting to update information on Tim's progress on
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!