Direct examples of the functions of a financial system include

A snack food company decreases the size of their single-serving size tortilla chips bag to 3. 0 ounces, which is 10% less than t

Harrizon [31]

A snack food company decreases 10% of the size of tortilla chips bag to 3.0 ounces. The original size of the bag is 3.33 ounces.

Percentage is a fraction of a hundred. For example 20% is equal to fraction 20/100.

The formula for calculating the percentage is given by:

percentage = value / total value x 100%

In the given problem, let:

p = original size of the bag

The snack size is decreased to 3.ounces, which is 10% less than the original size. It means, the current size = 100% - 10% = 90% of its original size.

90% x p = 3

p = 3/90%

p = 3/0.9 = 3.33

Hence, the original size of the bag is 3.33 ounces.

Your question is incomplete, but most probably your question was:

A snack food company decreases the size of their single-serving size tortilla chips bag to 3.0 ounces, which is 10% less than the original size.

What is the original size of the bag?

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8 0

1 year ago

Choosing to go to college over getting a job right out of high school is an example of a(n) _____.

noname [10]

It’s opportunity cost

4 0

3 years ago

Read 2 more answers

Private savings equals:_______.

Sever21 [200]

Answer:

a. income after taxes - consumption.

Explanation:

Private savings is the amount that is saved in a household. The salary earners in a household usually get their income(salary or wages) in which a percentage is removed as tax. The remainder of the money is used to finance the home.

The private savings is simply gotten by income tax minus the consumption.

8 0

3 years ago

The following income statement is provided for Vargas, Inc. Sales revenue (2,500 units × $60 per unit) $ 150,000 Cost of goods s

Likurg_2 [28]

Answer:

The correct answer is 3.

Explanation:

According to the scenario, the computation of the given data are as follows:

Variable cost = Cost of goods sold (variable) + Supplies

= $50,000 + $10,000 = $60,000

Fixed cost = Cost of goods sold (fixed) + Administrative salaries + Depreciation

= $8,000 + $42,000 +$10,000 = $60,000

So, we can calculate the operating leverage by using following formula:

Operating leverage = Contribution margin ÷ Net operating income

Where, Contribution Margin = Sales revenue - Variable cost

= $150,000 - $60,000 = $90,000

And Net operating income = Contribution Margin - Fixed Cost

= $90,000 - $60,000 = $30,000

By putting the value, we get

Operating leverage = $90,000 ÷ $30,000

= 3

3 0

3 years ago

Oil Well Supply offers a 8 percent coupon bond with semiannual payments and a yield to maturity of 8.73 percent. The bonds matur

g100num [7]

Answer:

Market price today $955.1347

Explanation:

To know the current market price we will calculate the present value ofthe cuopon payment and the maturity at the yield to maturity rate of 8.73%

Present value of the annuity

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

Cupon Payment: 1,000 face value x 8% / 2 payment per year = 40

time = 9 years x 2 payment per year = 18

rate = 8.73% = 0.0873 = 0.0873/2 = 0.04365

$40 \times \frac{1-(1+0.04365)^{-18} }{0.04365} = PV\\$

PV $491.6747

Present value of the maturity

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity = face value = 1,000.00

time 18.00

rate 0.04365

$\frac{1000}{(1 + 0.04365)^{18} } = PV$

PV 463.46

Now we add both together to get the present value of the bond

PV c $491.6747

PV m $463.4599

Total $955.1347

7 0

3 years ago