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g100num [7]
3 years ago
6

A music venue offers all of its customers a 40 percent discount on concert tickets for regional bands. It also offers an additio

nal 10 percent discount to "members" who purchase a $25 dollar membership card that is good for a year. If the original price of all concert tickets purchased is $25 how many does a member have to buy to make back the cost of the membership?
Business
1 answer:
12345 [234]3 years ago
8 0

Answer:

2 tickets

Explanation:

the cost of membership is $25.

Cost of a ticket is $25

All cost get a 40 % dicsount

membersships earns a further 10% discount

total discount ofr membership eqauls 50%( 40+10)

There fore a member pays $ 12.5 { (50/100) $ 25) } for ticket

To get back cost of membership which is $25, a member need to buy 2 tricke { $25/12.5}

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Gilbert's expects its September sales to be 20% higher than its August sales of $150,000. Manufacturing costs were $100,000 in A
sveticcg [70]

Answer:

$61,500.

Explanation:

Given that,

Beginning cash balance on September 1 = $7,500

Cash receipts from credit sales made in August:

= $150,000 × 70%

= $105,000

Cash receipts from credit sales made in September:

= ($150,000 × 1.20) × 30%

= $54,000

Cash disbursements from purchases made in August:

= $100,000 × 75%

= $75,000

Cash disbursements from purchases made in September:

= $120,000 × 25%

= $30,000

Ending cash balance September 30:

= Beginning cash balance + Cash receipts from credit sales made in August + Cash receipts from credit sales made in September - Cash disbursements from purchases made in August - Cash disbursements from purchases made in September

= $7,500  + $105,000  + $54,000  - $75,000  -  $30,000

= $61,500.

6 0
3 years ago
Morgan is moving to a new city. Select all of the factors she should consider when selecting a new financial institution.
svet-max [94.6K]
Fees- Everything has a cost. Especially institutions, that are public.

Minimum Balance needed in an account-
If you are considering to buy anything, be sure to know your average amount of dollars you have, to know how much money you can spend. Be sure to have some left over.

Interest rates- The percentage you are being charged for. Be sure to have money left over for it.

Services- Pick the best services.
7 0
3 years ago
Read 2 more answers
The current stock price of Alcoa is $25, and the stock does not pay dividends. The instantaneous risk-free rate of return is 4%.
hichkok12 [17]

Answer:

≈66 shares

Explanation:

Given data:

Current price ( S ) = $25

strike price ( K ) = $30

risk free rate ( r ) = 4% = 0.04

Standard deviation ( std ) = 30% = 0.3

In( s/k ) = In ( 25/30 ) = -0.1827

t = 30 / 365

To determine the number of shares of stock per 100 put options to hedge the risk we will apply the relation below

Number of shares to hedge risk = | N(d1) - 1 |  * 100 ----- ( 1 )

where :

d1 = \frac{In(\frac{s}{k}) + ( r +\frac{std^2}{2})*t  }{std\sqrt{2} }

N(d1 ) = cumulative distribution function = 0.3394

back to equation 1 = 0.6606 * 100 = 66 shares

attached below is the remaining part of the  solution

7 0
3 years ago
Watchful Eyes Industries manufactures a multitude of safety products like burglar alarms, smoke detectors, surveillance cameras,
CaHeK987 [17]

Watchful Eyes would probably benefit from departmentalization by Customer type .

<u>Explanation: </u>

The departmentalization applies to the hierarchical structure and partnership between the company and different departments and management roles. As a company expands, its divisions are expanded and more site-units are formed, introducing more management layers.

LA Gear is also an example of a company utilizing departmentalization of the product. The system is based on its wide range of products like female footwear etc. Departmentalization of the operation – Grouping of product/service processes or customer flow behaviour

Departmental business services–Grouping on the level of specific clients or consumer forms, Jobs may be classified by the group of customers the company represents. I assume that each organization's customers have a specific set of problems and criteria which specialists can better fulfill.

7 0
3 years ago
Karen chooses to go to university fulltime rather than to work. Karen:_______ A. is not part of the labor force. B. is part of t
Svetlanka [38]

Answer:

The answer would be A

Explanation:

It is not part of the labor force because it is not working in any way since it is studying full time, if she worked part time if it would be within the percentage of people who work.

6 0
3 years ago
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