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TEA [102]
4 years ago
6

A contingency reserve is money assigned to the project and allocated for identified risks for which contingent responses are dev

eloped.
a. True.
b. False.
Business
1 answer:
Rudik [331]4 years ago
3 0

Answer:

The correct answer is letter "A": True.

Explanation:

Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.

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If a stadium has 30,000 seats and tickets are sold at $55 each, what percentage of tickets were unsold if the total ticket sales
11Alexandr11 [23.1K]

Answer:

10% of the total tickets was not sold

Explanation:

Total number of seats in the stadium =Total number of tickets produces=30000

Total ticket sales=Cost per ticket×Number of tickets sold

where;

Cost per ticket=$55

Number of tickets sold=N

Total ticket sales=$1,485,000

Replacing in the expression above;

$1,485,000=55×N

N=1,485,000/55

N=27,000 tickets

Number of tickets sold=N=27000 tickets sold

Total number of tickets=Total tickets sold+Total tickets unsold

where;

Total number of tickets=30000

Total tickets sold=N=27000

Total tickets unsold=S

Replacing;

30000=27000+S

S=30000-27000

S=3000 tickets unsold

Percentage of tickets unsold=(Number of tickets unsold/Total number of tickets)×100

(3000/30000)×100=10%

10% of the total tickets was not sold

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