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Debora [2.8K]
3 years ago
5

Liam is setting up folding chairs for a meeting. If he arranges the chairs in 7 rows of the same length, he has 3 chairs left ov

er. If he arranges the chairs in 5 rows of that same length, he has 19 left over. How many chairs does Liam have?
Business
1 answer:
Schach [20]3 years ago
7 0

Answer:

59

Explanation:

Let x = length of the rows

we can derive two equations from this question

1. 7x + 3

2. 5x + 19

Since the number of chairs are equal in the two equations :

7x + 3 = 5x + 19

solve for x

2x = 16

x = 8

Substitute for x in either equations

7(8) + 3 = 59

5(8) + 19 = 59

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The solution is given in the attachments.

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Consider the following explanation.

Explanation:

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3. False, The federal reserve has the right and authority to regulate finance companies.

4. This statement is true.

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5 0
3 years ago
At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is
bija089 [108]

Answer:

a)

Job          Direct Materials     Direct Labor     overhead         Total Job cost

Job 765               $6,160           $1,848              $3,366                 $11,374

Job 766               $10,944         $3,456             $9,792                $24,192

b)

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job                 Direct Materials            Direct Labor          Machine Hours

Job 765               $6,160                         $1,848                      22

Job 766               $10,944                       $3,456                     64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours × Overhead rate

For Job 765 = 22 × 153

= $3366

For Job 766 = 64 × 153

= $9792

Total job cost i.e  balance on the job cost sheets

= Direct Materials  + Direct Labor + overhead

a)

Job          Direct Materials     Direct Labor     overhead         Total Job cost

Job 765               $6,160           $1,848              $3,366                 $11,374

Job 766               $10,944         $3,456             $9,792                $24,192

b)

Cost per unit = [ Total job cost ] ÷ Total units

For Job 765 = $11,374 ÷ 132

= $86.167

For Job 765 = $24,192 ÷ 192

= $126

8 0
3 years ago
Donovan Company incurred the following costs while producing 500 units: Direct Materials, $10 per unit; Direct Labor, $25 per un
Natali5045456 [20]

Answer:

Net operating income= 15,000

Explanation:

The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

<u>In this case, there is no beginning nor ending inventory. Fixed overhead is incorporated into the cost of goods sold in full.</u>

Sales= 500*100= 50,000

COGS= (10 + 25 + 15)*500 + 10,000= (35,000)

Gross profit= 25,000

Total selling and administrative costs= (5*500) + 7,500= (10,000)

Net operating income= 15,000

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3 years ago
The fed’s efforts to manage interest rates and thus the availability of credit is known as?
SIZIF [17.4K]

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The Fed influences the cost and accessibility of credit and money to maintain a strong economy as the nation's monetary policy regulator. The three objectives of monetary policy are to curb inflation, moderate employment levels, and maintain long-term interest rates.

To know more about monetary policy refer to: brainly.com/question/28038989

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