A student has some $1 bills and $5 bills in his wallet. He has a total of 16 bills that are worth $44. How much of each type of bill does he have?

Answers

Answer 1
Answer:

Answer:

Explanation:

Student has X amount of $1 bills and Y amount of $5 bills. At the same time, it is equal to $44 and 16 in terms of quantity. We can make an equation:

$1*X + $5*Y= $44 AND X+Y=16 ⇒ X=16-Y

16-Y+5Y=44

16+4Y=44

4Y=28

Y=7

X=16-Y=16-7=9

So, 9 bills of $1 and 7 bills of $5


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When making college visits, you may be able to...

Answers

When making college visits, you may be able to :
-schedule a tour to college campuses
- Attend a class to find out how its feels like

The university hopes that this will help you decide whether you will feel comfortable in the college

When making college visits, you may be able to gather important information about the campus, academic programs, student life, and facilities. This can help you make an informed decision about which college is the best fit for you.

When making college visits, you have the opportunity to gather valuable information and experiences that can greatly impact your decision-making process. By physically visiting the campus, you can get a firsthand look at the facilities, classrooms, and dormitories, allowing you to assess the overall environment and determine if it aligns with your preferences. Additionally, you can attend information sessions, meet with professors or current students, and explore academic departments to gain insight into the quality of the programs and the resources available. Engaging with the campus community during your visit can also give you a sense of the student life, clubs and organizations, and support services offered. These experiences and interactions can help you make a more informed decision about which college will provide the best fit for your academic, social, and personal goals.

To know more about decision here

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When Terry retired from​ Caterpillar, he received a​ pension: Caterpillar would pay him​ $50,000 the first year he was​ retired, with the amount increasing by 5 percent each year thereafter. If inflation turned out to be 2 percent each​ year, what would happen to the real value of​ Terry's pension? A. It would decrease each year by 5 percent. B. It would increase each year by 3 percent. C. It would increase each year by 5 percent. D. It would decrease each year by 3 percent.

Answers

Answer:

B. It would increase each year by 3 percent.

Explanation:

Given

Pension = $50,000 in first year

Increment = 5%

Inflation = 2%

Inflation doesn't only affect the value of an investment, it also influence the liabilities of a pension fund.

Consider a pension plan which gives a worker a benefit based on final average salary; A slight increase in the inflation would reduce the worker's real benefits in the years after retirement.

So, instead of Terry's pension to increase by 5% each year,

It'll increase by 3%

This is calculated by subtracting the inflation rate from the real increment rate.

5% - 2% = 3%

Recommend ways in which business can contribute time and effort to advance the well being of others in business context in the following aspects. 1to improve the general quality of life 2 refraining from engaging in harm full practice 3 making ethically correct business decisions 4 providing support to employee

Answers

1.       Employ a business that caters the needs of people such as owning a gymnasium. That way it improves the quality of life of a person.

2.       Basing on the example above, it does not engage into any harmful practice.

3.       Your decision will depend on increasing the fee of gym users or improving the interior design of your gym

4.       It provides support to the employee because they can interact with the gym users and can use the gym too

Describe the saving-borrowing-investing cycle.

Answers

It's a cycle that people in general do to achieve financial stability

Here is an example of the saving - borrowing - investing :

- a person borrow money from the Bank
- With that money, he use it to invest in some sort of business
- That business generate revenue and that revenue could be used in that person's saving
- since now he got more saving, now he can be the one who lend the money

Janice really likes potatoes. Potatoes cost $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. Suppose she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30.a. How many pounds of potatoes will she purchase?
b. What if she only had $2 to spend?
Explanation:_______
a. Janice will purchase potatoes until the value of potatoes is less than the cost of potatoes or until her income has been exhausted. For example, assume Janice has $5.00 to spend on potatoes or other items and the cost of a pound of potatoes is $1. Now assume the first pound of potatoes is worth $1.50 to Janice. She will purchase this pound of potatoes, since the value of the pound of potatoes ($1.50) is greater than the cost ($1). If the second pound is worth $1.14 and the third pound is worth $1.05, then Janice will purchase these as well, since the value exceeds the cost of $1. If all remaining pounds are worth $0.30, then Janice will not purchase these because the value is less than the cost. Thus, Janice will purchase 3 pounds of potatoes at a total cost of $3.00.
b. Now assume Janice only has $2.00 to spend on potatoes. She will purchase the first pound because it is worth $1.50 to her and it only costs $1. She will purchase the second pound because it is worth $1.14. She has now spent her entire income on potatoes. She would like to purchase the third pound because the value of this pound of potatoes is $1.05, but she does not have the income to make this purchase. Thus, Janice will purchase 2 pounds of potatoes at a total cost of $2.00.

Answers

Answer:

A) Janice will purchase 3 pounds of potatoes since she will buy them until her consumer surplus ≤ 0. The fourth pound of potatoes costs $1, and Janice is willing to pay only $0.30, so her consumer surplus s negative (-$0.70).

Consumer surplus is the difference between the price that a customer is willing and able to pay for a good and the good actual price.

B) If Janice only had $2 to spend, she would buy 2 pounds of potatoes, since her consumer surplus is positive at 2 pounds.

first pound costs $1, and Janice is willing to pay $1.50, consumer surplus = $0.50

second pound costs $1, and Janice is willing to pay $1.14, consumer surplus = $0.14

On april 1, 20y8, maria adams established custom realty maria completed the following transactions during the month of april a. opened a business bank account with a deposit of $24,000 in exchange for common stock. b. purchased supplies on account , $2,400 . c. paid creditor on account , $1,520 . d. earned sales commissions , receiving cash, $24,500 . e. paid rent on office and equipment for the month , $4,800 . f. paid dividends , $ 8,000 . g. paid automobile expenses for month , $2,300, and miscellaneous expenses , $1,100. h. paid office salaries , $2,890 . i. determined that the cost of supplies on hand was $810; therefore , the cost of supplies used was $1,590. required:

Answers

To fulfill your request, the required information is as follows:

1. Prepare the journal entries for each transaction:

a. To record the deposit of $24,000 in exchange for common stock:
Date Account Debit Credit
----------------------------------------------------------
April 1 Cash $24,000
Common Stock $24,000

b. To record the purchase of supplies on account for $2,400:
Date Account Debit Credit
----------------------------------------------------------
April 1 Supplies $2,400
Accounts Payable $2,400

c. To record the payment to the creditor on account for $1,520:
Date Account Debit Credit
----------------------------------------------------------
April 1 Accounts Payable $1,520
Cash $1,520

d. To record the earned sales commissions of $24,500 received in cash:
Date Account Debit Credit
----------------------------------------------------------
April 1 Cash $24,500
Sales Commissions Earned $24,500

e. To record the payment of rent on office and equipment for the month of $4,800:
Date Account Debit Credit
----------------------------------------------------------
April 1 Rent Expense $4,800
Cash $4,800

f. To record the payment of dividends of $8,000:
Date Account Debit Credit
----------------------------------------------------------
April 1 Dividends $8,000
Cash $8,000

g. To record the payment of automobile expenses for the month of $2,300 and miscellaneous expenses of $1,100:
Date Account Debit Credit
----------------------------------------------------------
April 1 Automobile Expenses $2,300
Miscellaneous Expenses $1,100
Cash $3,400

h. To record the payment of office salaries of $2,890:
Date Account Debit Credit
----------------------------------------------------------
April 1 Office Salaries $2,890
Cash $2,890

2. Calculate the cost of supplies used:
Cost of supplies used = Cost of supplies on hand - Cost of supplies used
Cost of supplies used = $2,400 - $810
Cost of supplies used = $1,590

These are the required journal entries and the calculation for the cost of supplies used based on the given transactions.