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diamong [38]
3 years ago
5

Joseph shops for sugar at the grocery store. There are two types of sugar to choose from: a two-pound bag and a five-pound bag.

If Joseph buys six two-pound bags and three five-pound bags, he will owe the store $24. If he buys three two-pound bags and one five-pound bag, he will owe the store $10. What is the price for a five-pound bag of sugar?
Business
1 answer:
ira [324]3 years ago
6 0

Answer:

$4

Explanation:

Let T = number of two pound sugar bags

and F = number of five pound sugar bags

6T + 3F = 24

3T + 1F = 10

F = 10 - 3T

replace in first equation

6T + [3 x (10 - 3T)] = 24

6T + 30 - 9T = 24

6 = 3T

T = $2

F = 10 - (3 X $2) = $10 - $6 = $4

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What strategy helps you create a well-balanced portfolio for income
Alex787 [66]

Answer:

A. Diversifying your portfolio to minimize risk while maximizing rate

of return.

Explanation:

But D could also work. I'm still going with A though because it seems like a better answer

4 0
3 years ago
45. In order to reduce production costs, Seuss Inc., an automobile manufacturer, decided to buy out a glass plant and begin manu
zzz [600]

Answer:

B.

Explanation:

Vertical integration is a merger of companies at different stages of production and/or distribution in the same industry. A strategy that many companies use to gain control over their industry´s value chain. This strategy is one of the major considerations when developing corporate level strategy.

The important question in corporate strategy is, whether the company should participate in one activity (one industry) or many activities (many industries) along the industry value chain.

For example, the company has to decide if it only manufactures its products or would engage in retailing and after sales services as well.

6 0
3 years ago
B. Lopez Company reports unadjusted first-year merchandise sales of 221,000 and cost of merchandise sales of $64,000. The compan
Annette [7]

Answer: See explanation

Explanation:

The year-end adjusting entry to record the cost side of sales returns and allowances will be:

Dr Inventory Return estimated $3200

Cr Cost of goods sold $3200

(To record expected coat of returns)

Note that the above calculation was done as:

= $64,000 × 5%

= $64,000 × 0.05

= $3200

3 0
3 years ago
Jager Inc. holds 30% of the outstanding voting shares of Kinson Co. and appropriately applies the equity method of accounting. A
Kazeer [188]

Answer:

$ 13,750

Explanation:

Calculation to Determine the amount of Equity in Investee Income that Jager should have reported for 2018

First step is to calculate the intercompany unrealized gain

Remaining inventory — end of year $ 50,000

Gross profit percentage ($33,600 ÷ $96,000)x 35%

Profit within remaining inventory$ 17,500

Intercompany unrealized gain$ 5,250

(Ownership percentage 30%*$ 17,500=$5,250)

Now let calculate the amount of Equity in Investee Income that

Equity in investee income:

Equity income accrual $ 30,000

($100,000 x 30%)

Less Deferral of intercompany unrealized gain ($5,250)

Less Goodwill amortization ($ 11,000)

Equity in investee income$ 13,750

($30,000-$5,250-$11,000)

Therefore the amount of Equity in Investee Income that Jager should have reported for 2018 will be $ 13,750

3 0
3 years ago
What are the responsibilities of an executor? Check all that apply.
sergeinik [125]
A paying any taxs that are due on the estate
5 0
4 years ago
Read 2 more answers
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