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lakkis [162]
3 years ago
7

Show your work and explain in a full sentence how 4 2-6 is equivalent to 3 8-6.

Business
1 answer:
klemol [59]3 years ago
3 0

Answer:

4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}

Explanation:

Given

4\frac{2}{6} and 3\frac{8}{6}

Required

Show that they are equivalent

To do this, we simply convert both fractions to either decimal or improper fraction

Using improper fraction

4\frac{2}{6} = \frac{6 * 4 + 2}{6}

4\frac{2}{6} = \frac{24 + 2}{6}

4\frac{2}{6} = \frac{26}{6}

3\frac{8}{6} = \frac{6 *3+8}{6}

3\frac{8}{6} = \frac{18+8}{6}

3\frac{8}{6} = \frac{26}{6}

After converting both to improper fraction, we have:

4\frac{2}{6} = 3\frac{8}{6} = \frac{26}{6}

<em>Hence, both are equivalent</em>

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Thornton Industries began construction of a warehouse on July 1, 2016. The project was completed on March 31, 2017. No new loans
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Answer:

THORNTON INDUSTRIES

AMOUNT OF INTEREST TO BE CAPITALIZED FOR THE YEAR ENDED DECEMBER 31, 2016 AND 2017

2016

July 1 - Dec 31    $400,000 *4.8%*6/12 =  $9,600

Sep 30 - Dec 31  $600,000*4.8%*3/12 =   $7,200

Nov 30 - Dec 31  $600,000*4.8%*1/12 =     <u>$2,400</u>

Total Interest for 2016                              <u>  $19,200</u>

2017

Jan 1 - Dec 31   $1,600,000*4.8% =             $76,800

Jan 30 - Dec 31   $540,000*4.8%*11/12 =     <u> 23,760</u>

Total interest for the year 2017                 <u>  $100,560  </u>

weightred average cost of capital =

 <u>   $2,000,000*8%   +     $8,000,000*4%</u>

      $2,000,000 + $8,000,000

= 160,000  + 320,000

        10,000,0000

=$480,000 / 10,000,000 = 0.048 = 4.8%

Explanation:

Interest to be capitalized on construction expenditure will be interest on the amount borrowed to finance such construction. the interest will be from commencement of the construction to the cessation period

6 0
3 years ago
Collusion is A. necessary for firms to raise money by borrowing from investors or from banks in order to fund research and devel
grigory [225]

Answer:

The correct answer is the option C: an agreement among firms to charge the same price or otherwise not to compete.

Explanation:

To begin with, the name of <em>"collusion" </em>refers to an economy concept that focus on the situation where two or more companies decide to work together ilegally by taking a same strategy such as pricing the goods with a same amount so in that order the limit or at least intent to restrict the competion so in that way those firms can keep a piece of the market for themselves. It is consider ilegally in the countries because it is an disadvantage for the competition.

4 0
3 years ago
Whistle Corp. has a preferred stock that pays a dividend of​ $2.40. If you are willing to purchase the stock at​ $11, what is yo
kiruha [24]

Answer:

B. 21.8%

Explanation:

Cost of preference capital = \frac{dividend}{price}\times100

No adjustment of growth rate is done as the dividend on preference capital is constant and do not grow in normal conditions, that is it only differs in exceptional conditions.

therefore, in the given instance we have,

Dividend = $2.40

Current price = $11

Expected Return = \frac{2.40}{11.00} \times 100 = 21.8%

Thus correct option is

B. 21.8%

6 0
3 years ago
Memphis Company's May sales budget calls for sales of $870,000. The store expects to begin May with $47,000 of inventory and to
grigory [225]

Answer:

The budgeted cost of merchandise purchases is $527,000

Explanation:

The cost of merchandise purchases for May can be computed by first of all calculating the costs of goods sold,then by deducting closing inventory from costs of good sold and adding opening inventory,just like working backwards.

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less margin($870,000*40%)     ($348,000)

Cost of goods sold                       $522,000

Cost of goods sold =opening stock+purchases-closing stock

purchases=costs of goods sold+closing stock-opening stock

closing stock is $52000

opening stock is $47000

purchases =$522000+$52000-$47000

purchases= $527,000

 

6 0
3 years ago
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Camille is having second thoughts about obtaining a college degree. She will have to take out tens of thousands of dollars in lo
Darina [25.2K]

Answer:

More opportunities will be available, financially and otherwise, with a college degree than without one.

Explanation:

From the passage, it stated that:

1. There is a faulty economy. This implies that economy is having a problem or the economy is in recession with little or no opportunities in terms of jobs and payments.

2. Hundreds of other college graduates earning the same degree. This implies that there many people with the same degree qualification competing for the limited job available in the faulty economy.

Based on the two statements above, it false to say that more opportunities will be available, financially and otherwise, with a college degree than without one.

5 0
3 years ago
Read 2 more answers
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