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melomori [17]
2 years ago
13

Each student ticket for an art museum costs $12. 50. The total cost for student tickets, t, varies directly as the number of tic

kets, s, purchased. Write an equation that models the proportional relationship between t and s.
Business
1 answer:
zvonat [6]2 years ago
8 0

The equation for the computation of the total cost for students tickets is t=\$12.5 \times s

The total cost is referred to as the expense that is done to acquire any of the material or the thing from the market. This is the cost that is incurred by the consumer as well as the manufacturers.

The computation of the total cost:

\begin{aligned}\text{Total Cost}&= \text{Price of Per Unit} \times  \text{No. of Persons}\\ t& =\$12.50 \times s\end{aligned}

where t = Total Cost

            s = Number of Persons.

Therefore, the correct equation formed is t=\$12.5 \times s

To know more about the framing of the equation of the total cost, refer to the link below:

brainly.com/question/8838805

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Certain contracts, such as those involving the sale of personal property for $500 or more:_______.
djverab [1.8K]

Answer:

B. Must be written to be enforceable

Explanation:

In the United state, sale of personal property for $500 or more must be written to be enforceable. These kind of contracts are said to be within the statute of fraud.

These types of contracts are called Sales contracts which is an agreement between the buyer and seller. For the amount of money involved, a written contract provides security and peace to the mind of all those involved in the contract, hence why deals above $500 must be written to be enforceable.

8 0
3 years ago
What factor reflects the 'cost of money'?
abruzzese [7]

Answer:

Production opportunities, time preferences for consumption, risk, inflation. Explanation: The cost of money is the interest rate that lenders charge borrowers, and is determined by the supply and demand of funds.

5 0
3 years ago
What are the different elements of working capital and explain actions that Management of a business entity might take to reduce
faltersainse [42]

The different elements of working capital are <u>current current asset and current liabilities</u>. The management of a business entity might take <u>ratio analysis</u> to reduce the cycle.

Working capital management assists in sustaining the smooth operation of the net operating cycle, otherwise called the cash conversion cycle.

<h3>What is working capital management?</h3>

Working capital management is a business strategy formulated to ensure that an organisation functions efficiently by overseeing and utilizing its current assets and liabilities to their most effective use.

Therefore, learn more about working capital management: brainly.com/question/28287025

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4 0
1 year ago
The expected rates of return on portfolios A and B are 11% and 14%, respectively. The beta of A is 0.8 and the beta of B is 1.5.
Zigmanuir [339]

Answer:

Portfolio B has a higher return but more volatile stocks. However it depends on how the individual can tolerate risks.

Explanation:

Expected return= free return + Beta (Expected rate of return – risk free rate)

Portfolio A

6%+ +.8*6%

= 6%+4.8%= 10.8%

Portfolio B

6%+1.5(6%)

6%+9%= 15%

It depends on different factors. Portfolio B has a higher return but more volatile stocks. However it depends on how the individual can tolerate risks.

4 0
3 years ago
If the expected sales volume for the current period is 7,500 units, the desired ending inventory is 263 units, and the beginning
pentagon [3]

Answer:

Total production for the current period is expected to be 7420 units.

Explanation:

The current production should be enough to meet the required units needed for the desired ending inventory and the units needed to meet the current sales after adjusting for the opening inventory of units that is available. Thu,s the current production requirement will be,

Production = Closing Inventory + Sales - Opening Inventory

Production = 263 + 7500 - 343

Production = 7420 units

7 0
3 years ago
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