True, you can use a formula in Excel spreadsheet!
The number of student's ticket sold is 200.
Two equations can be gotten from the question:
a + b = 375 equation 1
7.5a + 4.5b = 2,212.50 equation 2
Where:
a = number of adult ticket sold
b = number of children's ticket sold
In order to determine the value of b, multiply equation 1 by 7.5
7.5a + 7.5b = 2812.50 equation 3
Subtract equation 2 from 3
3b = 600
Divide both sides by 3
b = 600 / 3
b = 200
To learn more about simultaneous equations, please check: brainly.com/question/25875552
Answer:
Purchasing power parity methods
Explanation:
Purchasing power parity (PPP) method compares the productivity and the standards of living between countries by using the 'basket of goods approach'. The basket approach implies a determination of the quantity of money needed to purchase a common unit(basket) of goods and services in different countries. Two countries will be said to be at par if a 'basket of goods' costs the same considering the exchange rates.
Cost of living and the inflation rate in a country determine the purchasing power of its currency. Purchasing power parity attempts to equalize different currencies by considering inflation and purchasing power in each country.
Answer:
5.39%
Explanation:
Given that,
Bond that pays interest annually yields a rate of return = 7.50 percent
Inflation rate for the same period = 2 percent
Real rate = [(1 + nominal rate) ÷ (1 + inflation rate)] - 1
Real rate = [(1 + 0.0750) ÷ (1 + 0.02)] - 1
= (1.075 ÷ 1.02) - 1
= 1.0539 - 1
= 0.0539 or 5.39%
Therefore, the real rate of return on this bond is 5.39%.
Answer:
(a) $1.8 per machine hour
(b) $390 per setup
Explanation:
Given that,
Overhead allocated to the cutting cost pool = $410,400
Overhead allocated to the design cost pool = $666,900
Total machine hours = 228,000
Total number of setups = 1,710
Under activity based costing,
Overhead rate for cutting:
= Overhead allocated to the cutting cost pool ÷ Machine Hours
= $410,400 ÷ 228,000
= $1.8 Per Machine Hour
Overhead rate for design:
= Overhead allocated to the design cost pool ÷ Number of Setup s
= $666,900 ÷ 1,710
= $390 per set up
