1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
pav-90 [236]
2 years ago
13

A birthday party at the skating rink costs $ 60 to reserve a party area and $ 2. 50 per guest for skating and skate rental. How

much will a party cost if 15 guests are invited?.
Business
2 answers:
ivanzaharov [21]2 years ago
6 0

<em>In </em><em>a </em><em>birthday</em><em> </em><em>party</em><em> </em><em>for </em><em>the </em><em>skating </em><em>rink </em><em>arena </em><em>it </em><em>costs </em><em>about </em><em>$</em><em>6</em><em>0</em><em> </em><em>to </em><em>reserve</em><em> </em><em>for </em><em>1</em><em> </em><em>party</em><em>. </em><em>The </em><em>cost </em><em>for </em><em>1</em><em> </em><em>person </em><em>in </em><em>party </em><em>is </em><em>around </em><em>$</em><em>2</em><em>.</em><em>5</em><em>0</em><em> </em><em>for </em><em>skating </em><em>and </em><em>skate </em><em>rental.</em><em> </em><em>Now </em><em>we've</em><em> </em><em>been </em><em>given </em><em>to </em><em>find </em><em>out </em><em>the </em><em>total </em><em>cost </em><em>for </em><em>the </em><em>party </em><em>when </em><em>1</em><em>5</em><em> </em><em>guests</em><em> </em><em>will</em><em> </em><em>be</em><em> </em><em>invited</em><em>. </em><em>Let </em><em>the</em><em> </em><em>total</em><em> </em><em>cost</em><em> </em><em>to </em><em>find</em><em> </em><em>out</em><em> </em><em>be </em><em>(</em><em>c)</em>

  • <em>Cost </em><em>to </em><em>reserve</em><em> </em><em>skating </em><em>rink </em><em>=</em><em> </em><em>$</em><em>6</em><em>0</em><em> </em>

  • <em>Cost </em><em>for </em><em>per </em><em>guest </em><em>for </em><em>skating</em><em> </em><em>and</em><em> </em><em>skate</em><em> </em><em>rental</em><em> </em><em>=</em><em> </em><em>$</em><em>2</em><em>.</em><em>5</em><em>0</em><em> </em>

  • <em>Total </em><em>cost</em><em> (</em><em>c)</em><em> </em><em>=</em><em> </em><em>?</em><em> </em>

<em>An </em><em>equation</em><em> </em><em>can </em><em>be </em><em>formed </em><em>with </em><em>the </em><em>help</em><em> </em><em>of</em><em> </em><em>given </em><em>data,</em><em> </em>

\mapsto\tt{c = 60 + (2.50 \times 15)}

\mapsto\tt{c = 60 + (37.5)}

\mapsto\tt{c = 60 + 37.5}

\mapsto\tt{c = 97.5}

  • Thus the total cost for the party (c) will be about 97.5$ for the 15 guests invited.

frez [133]2 years ago
3 0
<h2>Cost:</h2>

Costs are the expenses incurred by a company or an individual in<u> order to</u> produce goods and deliver services or buy products.

<h3>The computation:</h3>


\text{The cost} = 60 + (2.50 × 15)

\text{The cost} = 97.5 \text{ dollars}

Therefore, the birthday party will cost $97.5 if 15 guests are<u> invited.</u>

<u />

For more information regarding the sums, refer below:

brainly.com/question/14107176

You might be interested in
A business owner makes 50 items by hand in 40 hours. She could have earned $20 an hour working for someone else. Her total expli
SOVA2 [1]

Answer:

- $250

Explanation:

The economic profit calculation is presented below:

= Total revenues - explicit cost - implicit cost

where,  

Total revenues = Explicit revenue × implicit revenue

= $15 × 50 items

= $750

Explicit cost = $200

Implicit cost = $20 × 40 hours = $800

Now place these values in the formula above

So the value would be equal to

= $750 - $200 - $800

= - $250

6 0
3 years ago
Mia received a credit card offer in the mail. The credit card has an annual percentage rate of 26%. What is the approximate mont
devlian [24]

Answer:

Monthly interest rate = 2.16666667%

Explanation:

Given:

Annual percentage rate = 26% = 26 / 100 = 0.26

Total number of months in a year = 12 month

Monthly interest rate = ?

Computation of monthly interest rate :

Monthly interest rate = Annual percentage rate / Total number of months in a year

Monthly interest rate = 0.26 / 12

Monthly interest rate = 0.0216666667

Monthly interest rate = 2.16666667%

6 0
3 years ago
There are two aspects of efficiency that the equilibrium of market for loanable funds exhibits. Select the TWO statements that c
Mashutka [201]

Answer:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

Explanation:

Loanable funds refer to the aggregate amount of money that all sectors, entities and individuals within an economy have decided to keep as an investment, instead of spending on personal consumption, by saving and giving them out as loans to borrowers.  

The market for loanable funds is in equilibrium when the supply of loanable funds by the saver is equal to demand for loanable funds by the borrowers at a given interest rate.

When the market for loanable funds is in equilibrium, efficiency is maximized because projects that have higher rates of return are given priority to be funded first before the projects with lower rates of return are funded. The reason is that savers that have lowest costs of lending provides funds for the projects that have highest return rates in equilibrium. However, potential saver who do not lend money will prefer a higher interest rates.

Therefore, the correct options related to the two aspects of efficiency that the equilibrium of market for loanable funds exhibits are as follows:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

5 0
3 years ago
The business side of IT is very different from the business itself. T/F
krek1111 [17]

Answer: True

Explanation: The IT department of an organization is responsible for managing everything related to technological resources and would not necessarily be related to the company's own activities, but they have to work hand in hand to provide the best technological solutions.

For example: a food distribution industry, should have good resources in inventory technology, or in GPS system for transport, are technological resources but are not the same as business.

8 0
3 years ago
Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
Tcecarenko [31]

Answer:

$695.24 per unit

Explanation:

Calculation to determine what The unit product cost of Product R3 under activity-based costing is closest to

First step is to Calculate Activity rates

Activity Cost Pool Activity driver Overhead Cost (A) Expected Activity (B) Activity rate (A/B)

Labor related Number of DLH $ 40,636÷13,000 = 3.13 Per DLH

Production orders Number of Order 65,880÷ 1,600= 41.18 Per Order

Order size Number of MH 433,075÷ 7,600 = 56.98 Per MH

Second step is to calculate the Cost assigned to Product R3

Cost assigned to Product R3

Activity name Activity Rates Activity ABC Cost

(A) (B) (A x B)

Labor related 3.13 * 11,000 =$34,430

Production orders 41.18* 1,200=$49,416

Order size 56.98*3,900= $222,222

Total Overheads assigned $306,068

($34,430+$49,416+$222,222)

Production 1,100

Overhead cost per unit $278.24

Product R3

Direct material $211

Direct labor (10x $20.60 per DLH) $206

Overheads $278.24

Total Cost per unit $695.24

($211+$206+$278.24)

Therefore The unit product cost of Product R3 under activity-based costing is closest to $695.24 per unit

3 0
2 years ago
Other questions:
  • David knows that the beta of his portfolio is equal to 1, but he does not know the risk-free rate of return or the market risk p
    15·1 answer
  • During a period of rising prices, using fifo (first-in, first-out) inventory valuation method will result in ________ net income
    9·1 answer
  • Alter the Solow growth model so that the production technology is given by Y = zK, where Y is output, K is capital, and z is tot
    15·1 answer
  • Marin Factory provides a 2-year warranty with one of its products which was first sold in 2017. Marin sold $940,900 of products
    12·1 answer
  • ________ is the possibility that the borrower's creditworthiness is reclassified by the lender at the time of renewing credit. _
    12·1 answer
  • Despite public dissatisfaction over rampant inflation in the united states, truman’s image as a leader was bolstered by
    10·1 answer
  • [Related to Solved Problem​ 3.1B] In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to
    6·1 answer
  • What does the phrase high risk = High reward mean when it comes to investing?
    12·1 answer
  • Advantage of running your own shop by yourself and disadvantage of running your own shop?​
    12·2 answers
  • What was the innovative way pears’ soap marketed its product?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!