The members of a book club spend $0.4 for each Bagel as refreshment.
Let x represent the cost of each bagel.
At a meeting, they bought 6 bagels and spent $9.00 on beverages, hence:
Cost = 6x + 9
At another meeting, they bought 8 bagels and spent $8.20 on beverages, hence:
Cost = 8x + 8.20
Since the same money is spent on each meeting, hence:
6x + 9 = 8x + 8.2
2x = 0.8
x = $0.4
Therefore the cost of each bagel is $0.4
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The return on equity for the firm is 18.75%.
<h3>Return on equity</h3>
Return on equity=Return on assets +[ (Debt/Equity ratio)×(Return on assets-Return on debt)]
Let plug in the formula
Return on equity=.15+ [(.75)× (.15-.10)]
Return on assets=.15+ (.75×0.05)
Return on assets=.15+0.0375
Return on equity=0.1875×100
Return on equity=18.75%
Therefore the return on equity ratio is 18.75%.
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1.534
2.168
3.230
4.408
5.78
6.642
7.3
81016
9.1900
10.8 times (40 plus 5)
Answer:
1. 36 miles
2. 108 miles
3. 234 miles
Step-by-step explanation:
Here we have the Distance in miles, time and calculated speed as follows;
Distance (miles) Elapsed time (hours) Speed (miles/hour)
0 0 0
72 2 36
144 4 36
216 6 36
Distance = Speed (miles/hour) × Elapsed Time (hour)
Therefore, in
1. 1 hour, she travels
1 × 36 = 36 miles
2. 3 hours she travels
3 hours × 36 miles/hour = 108 miles
3. 6.5 hours she travels
6.5 hours × 36 miles/hour = 234 miles.
