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Alexxandr [17]
3 years ago
12

Darrell and Jim are planning to run in their office-sponsored marathon and plan on joining a gym to train.Darrell finds that gym

-A has a $40 joining fee and then costs $15 per month after that.Jim finds that gym-B is free to join and costs $20 per month after. At what number of months of training would gym-A to be a cheaper option than gym-B
Business
1 answer:
patriot [66]3 years ago
5 0

Answer:

From number of month to be 9, training would be cheaper in gym A than in gym B.

Explanation:

To calculate the number of months when option containing gym A becomes cheaper than option of gym B, we first need to form cost equations for both and equate them.

Let x be the number of months.

The cost of gym A is = 40 + 15x

The cost of gym B = 20x

40 + 15x = 20x

40 = 20x - 15x

40 = 5x

x = 40/5

x = 8

So, the cost for both options will be equal when the number of months is 8. From number of month to be 9, training would be cheaper in gym A than in gym B.

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Wildhorse Corp. has total current assets of $12,152,000, current liabilities of $5,849,000, and a quick ratio of 0.94. How much
White raven [17]

Answer:

Wildhorse Corp. has inventory of $6,653,940

Explanation:

The quick ratio is a liquidity ratio that indicates a company's ability to pay its current liabilities when they come due without needing to sell its inventory or get additional financing. The quick ratio is calculated by the following formula:

Quick ratio = (Cash & equivalents + Short Term investments + Accounts receivable)/Current Liabilities

(Cash & equivalents + Short Term investments + Accounts receivable) = Quick ratio x Current Liabilities = 0.94 x $5,849,000 = $5,498,060

Inventory = Total current assets - (Cash & equivalents + Short Term investments + Accounts receivable) = $12,152,000 - $5,498,060 = $6,653,940

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3 years ago
How can a country achieve higher levels of competition and a variety of products in an industry with only one or two domestic fi
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Through promoting intra-industry trade, a country can increase levels of competition and the range of products produced in an industry with only one or two local enterprises producing a good. International trade for goods produced by the same business is known as intra-industry trade.

According to the idea of economies of scale, production costs often decrease as output scale increases. When it makes it possible for one or two large producers to supply the entire country, it becomes particularly important to international trade. A way to maintain consumer choice and competition while combining economies of scale-driven lower average manufacturing costs is through international trade.

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5 0
1 year ago
Which of the following is not a concept related to explaining abnormal excess stock returns?A. January effect B. neglected-firm
Anastaziya [24]

The preferred stock effect is not a notion that can be used to explain abnormally high excess stock returns.

<h3>What is the preferred stock?</h3>

The term "stock" refers to a company's ownership or equity. Common stock and preferred stock are the two forms of equity. Preferred investors are entitled to more dividends or asset distributions than common stockholders. The specifics of each preferred stock vary depending on the issuance.

When it comes to dividends, preferred stockholders have a preference over ordinary stockholders, which typically yield more than common shares and might be paid monthly or quarterly. These dividends can be fixed or determined by reference to a benchmark interest rate, such as the London Interbank Offered Rate.

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7 0
1 year ago
HELP PLEASE HURRY!!!! Is it fair to restrict people's ability to work based on their age? Why or why not? Justify your answer.
7nadin3 [17]
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3 0
3 years ago
Read 2 more answers
If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 year
d1i1m1o1n [39]
The answer to this question would be: <span>A. $55,555
</span>In this question, the interest rate is 0.018% and you need to have $9.99 interest. That mean, you need to divide the target interest value with the current interest rate. The equation should be:

interest = bank account * interest rate
$9.99 = bank account * 0.018%
bank account = $9.99/ 0.018%   (don't forget the % mean 1/100)
bank account = $55,500

If we assume that the $9.99 value is $9.99... then the answer would be $55,555
7 0
3 years ago
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