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PIT_PIT [208]
2 years ago
11

The junior class at Summerfield High School sold a total of 375 tickets for their spring festival. The adult tickets sold for $7

. 50 each and the student tickets sold for $4. 50 each. If the junior class collected $2,212. 50 in ticket sales, how many student tickets did the class sell?.
Business
1 answer:
katrin [286]2 years ago
8 0

The number of student's ticket sold is 200.

Two equations can be gotten from the question:

a + b = 375 equation 1

7.5a + 4.5b = 2,212.50 equation 2

Where:

a = number of adult ticket sold

b = number of children's ticket sold

In order to determine the value of b, multiply equation 1 by 7.5

7.5a + 7.5b = 2812.50 equation 3

Subtract equation 2 from 3

3b = 600

Divide both sides by 3

b = 600 / 3

b = 200

To learn more about simultaneous equations, please check: brainly.com/question/25875552

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Tiago makes three models of camera lens. Its product mix and contribution margin per unit follow: Percentage of Unit sales Contr
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Answer:

A. $36.55

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Explanation:

Requirement 1: Weighted average contribution margin per unit

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Lens B = $30 x 40% = $12

Lens C = $43 x 35% = $15.05

Total Contribution margin per unit = $36.55

Requirement 2: Breakeven if fixed cost is $187,000

Break even point (units) = Fixed cost / Contribution per unit

Break even point (units) = 187,000/36.55

Break even point (units) = 5116 units

Lens A = 5116 x 25% =  1279 units

Lens B = 5116 x 40% = 2046 units

Lens C = 5116 x 35% = 1791 units

Requirement 3: How many units to be sold to generate $73,000 profit

Required units = Fixed cost - required profit / contribution per unit

Required units = ($187,000-$73,000)/$36.55

Required units = 7114 units

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Lens B = 7114 x 40% = 2846 units

Lens C = 7114 x 35% = 2489 units

6 0
3 years ago
On March 4, Year 1, Evan Co. purchased 1,000 shares of LVC common stock at $80 per share. OnSeptember 26, Year 1, Evan received
12345 [234]

Answer:

b. $5,000

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<u>September 26th</u>

1,000 x 5 = 5,000 stock rights Investment

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This rights were detachable from the stocks, so they have a diferent account, they are independent from the common shares purchased on March 4th

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So, the first option should be correct.

Equity theory is something not contextual here. Equity theory works on the reduction of perceived inequality in the input and output of the employees as a means of motivation.

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