PLEASE HURRY! I'M TIMED!

An investment of $82,000 was made by a business club. The investment was split into three parts and lasted for one year. The fir

Vesna [10]

Answer:

a 54,000 dolllars

b 18,000 dollars

c 10,000 dollars

Explanation:

From the given we can conclude:

all investment equal 82,000 thus:

82,000= a + b + c

then:

interest of a equal 4 times interest of b:

a x 0.08 = 4 x b x 0.06

a = (0.24/0.08)b = 3b

and that total interest:

a x 0.08 + b x 0.06 + c x 0.09 = 6,300

4 x b x 0.06 + b x 0.06 + c x 0.09 = 6,300

5bx0.06 + 0.09c = 6,300

c = (6,300 - 0.3b)/0.09

we now replace a and c as expressions of b:

82,000 = 3b + b + c = 4b + c

82,000 = 4b + (6,300 - 0.3b)/0.09

82,000 = 4b + 70,000 - 3,33b

12,000 = (2/3)b

b = 18,000

now we solve for a and c:

a = 3b = 3 x 18,000 = 54,000

interest of b:

18,000 x 0.06 = 1,080

interest of a:

54,000 x 0.08 = 4.320‬

4,320/1,080 = 4 we pass the interest relathionship requirement

82,000 - 54,000 - 18,000 = c

c= 10,000

10,000 x 0.09 = 900

1,080 + 4,320 + 900 = 6,300 we also fullfil the total interst requirement

4 0

4 years ago

Roman Industries' plant operates five days per week with a daily payroll of $6,000. Employees are paid every Saturday for the wo

Sergeu [11.5K]

Answer:

$12,000

Explanation:

Calculation to determine the amount of Wages Expense recorded on the next payday, Saturday, April 3

Using this formula

Wages Expense=Daily payroll *2 days

Let plug in the formula

Wages Expense=$6,000*2 days

Wages Expense=$12,000

Therefore the amount of Wages Expense recorded on the next payday, Saturday, April 3 is $12,000

4 0

3 years ago

Required information The Foundational 15 [LO5-1, LO5-3, LO5-4, LO5-5, LO5-6, LO5-7, LO5-8] [The following information applies to

Romashka-Z-Leto [24]

Answer:

$5,000

Explanation:

Sales $20,000

Variable expenses $12,000

Contribution margin $8,000

Fixed expenses $6,000

Net operating income $2,000

margin of safety in $ = current sales level - break even point

margin of safety in % = (current sales level - break even point) / current sales level

first we need to calculate the contribution margin per unit = $20 - $12 = $8 per unit

break even point = fixed costs / contribution margin = $6,000 / $8 = 750 units

sales level at break even point = 750 x $20 = $15,000

margin of safety in $ = $20,000 - $15,000 = $5,000

margin of safety = ($20,000 - $15,000) / $20,000 = $5,000 / $20,000 = 25%

5 0

3 years ago

The lot is 150 feet by 90 feet. The fence is to be 8 feet tall. cost for the fence is $4.50 per linear foot, plus $.75 per squar

creativ13 [48]

Answer:

The total cost of the fence is $5,040

Explanation:

For computing the total cost of the fence, the following steps are needed which is shown below:

Step 1: First we have to find the linear of the feet which is equals to

= 2 × (sum of feet)

= 2 × (150+90)

= 480

Step 2: Now multiply the linear with the cost of the linear foot which equals to

= Linear value × cost of fence per linear foot

= 480 × $4.50

= $2,160

Step 3: compute the value of fence which is 8 feet tall

So, the value is = Linear × tall feet = $480 × 8 = $3,840

Step 4: Now, multiply step 2 with the labor square foot

So, the value is = $3,840 × 0.75 = $2,880

Step 5: Finally, add step 2 and step 3

So, the value is = $2,160 + $2,880 = $5,040

Hence, the total cost of the fence is $5,040

4 0

4 years ago

Consider two cigarette companies, PM Inc. and Brown Inc. If neither company advertises, the two companies split the market and e

sdas [7]

Answer: (A)

If both companies collude and agree on the best joint strategy, then neither of them will advertise.

Explanation:

If PM Inc. and Brown Inc. agree on a strategy that is best for both of them, then they would decide not to advertise as this line of action will earn them both $50 million, which is higher than they stand to earn if they both advertise.

7 0

3 years ago