Answer:
- <u>Best Buy sells 560 iPods</u>
- <u>Sears sells 70 iPods</u>
Explanation:
You may set a system of equations.
<u>1. Name the variables: </u>
- B= <em>number of iPods</em> sold by <em>Best Buy</em>
- S =<em> number of iPods</em> sold by <em>Sears</em>
<u>2. Translate every verbal statement into a mathematical expression</u>
a) <em>A local Best Buy sells 8 times as many iPods as Sears</em>.
b) <em>The difference between their sales is 490 iPods</em>.
<u>3. Solve the system of equations</u>
a) Substitute B = 8S into the second equation
b) Add like terms
c) Divide both sides by 7
d) Substitue S = 70 into B = 8S
<u>Solution:</u>
- Best Buy sells 560 iPods
- Sears sells 70 iPods
,Answer: a. 9,450 units
Explanation:
You need to find the weighted average contribution margin for both products.
Product A
Weighted average contribution margin = Contribution margin * Units sold / Total units sold
= 34 * 7,600 / (7,600 + 2,400)
= $25.84
Product B
= 59 * 2,400 / 10,000
= $14.16
Breakeven point in units = Fixed costs/ (Weighted average contribution margin of both A and B)
= 378,000 / (25.84 + 14.16)
= 9,450 units
Given that the team in the league has a maximum of $33 million per year on salaries, and they have 45 players with a salary of $700,000, first, we have to multiply 700,000 by 45 and we get a total of $31,500,000. So, the amount that they have left under the cap is $1,500,000. Hope this answers your question. Have a great day!
Answer:
A) debit Supplies Expense, $4590; credit Supplies, $4590.
Explanation:
The movements in the supplies account over a period is as a result of purchases ( which results in an increase in the account balance) and usage of supplies( which results in a decrease).
When supplies are purchased, debit supplies account, credit cash. On use of these supplies, debit supplies expense and credit supplies.
Amount of supplies used = $7140 - $2550
=$4,590
Entries required debit Supplies Expense, $4590; credit Supplies, $4590.
