The key advantage of using a numeric records management and retrieval system for the NY/NJ Port Authority is improved efficiency. The number of units that must be ordered is approximately 2593 units, considering the daily demand, review period, standard deviation, and acceptance rate. Lastly, Records retrieval systems are methods used to access and retrieve specific information from a recordkeeping system.
1) The key advantage of using a numeric records management and retrieval system for the NY/NJ Port Authority is improved efficiency and accuracy in organizing, storing, and retrieving records. Numeric systems use numerical codes or identifiers to categorize and locate records, which allows for quick and precise retrieval. This eliminates the need for manual searching through physical files, reducing the risk of human errors and saving valuable time. Additionally, numeric systems facilitate systematic organization and scalability, as new records can be easily added and integrated into the existing system. Overall, the use of a numeric records management system streamlines operations, enhances productivity, and ensures reliable access to important information.
2) To calculate the number of units that must be ordered given the provided information, we can use the Economic Order Quantity (EOQ) formula. The EOQ formula is given by:
EOQ = √[(2 * D * S) / H]
To determine the number of units that must be ordered, we can use the reorder point formula, which takes into account the daily demand, review period, and standard deviation. The formula is as follows:
Reorder Point = (Average Daily Demand * Review Period) + Safety Stock
The average daily demand can be calculated as the total demand over the review period divided by the number of days:
Average Daily Demand = Total Demand / Review Period
Given that the daily demand for corn is 280 units, the review period is 7 days, and the total demand is 280 * 7 = 1960 units.
Average Daily Demand = 1960 / 7 = 280 units
To calculate the safety stock, we need to consider the standard deviation and the acceptance rate. The safety stock is the number of units kept on hand as a buffer to account for variability in demand.
Safety Stock = (Z-Score * Standard Deviation) * Square Root of Review Period
The Z-Score represents the number of standard deviations needed to cover a specific level of service, which is determined by the acceptance rate. In this case, with an acceptance rate of 2%, the Z-Score is approximately 2.05.
Safety Stock = (2.05 * 120) * sqrt(7)
Safety Stock ≈ 353.48 units
Now, we can calculate the reorder point:
Reorder Point = (Average Daily Demand * Review Period) + Safety Stock
Reorder Point = (280 * 7) + 353.48
Reorder Point ≈ 2593.48 units
Therefore, the number of units that must be ordered is approximately 2593 units, considering the daily demand, review period, standard deviation, and acceptance rate.
4) Records retrieval systems are methods or techniques used to access and retrieve specific information from a recordkeeping system. Each type of retrieval system has its advantages and disadvantages, and the choice of system depends on factors such as the volume of records, the nature of the information, and the specific requirements of the organization. There are several types of records retrieval systems, including:
- Manual Retrieval Systems: These involve physically searching through files and documents to locate the desired information. Examples include using alphabetical or chronological filing systems where records are organized based on names or dates.
- Database Retrieval Systems: These systems use electronic databases to store and retrieve records. They utilize search functions, queries, and indexing to efficiently locate and retrieve specific information. Examples include using SQL queries to retrieve data from a relational database management system.
- Automated Retrieval Systems: These systems involve the use of specialized software and technologies to automate the process of retrieving records. Examples include barcode or RFID systems where records are tagged and scanned for quick identification and retrieval.
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why might a company decide to outsource (i.e., buy) a product that they currently make in their company-owned operations? why might a company decide to outsource (i.e., buy) a product that they currently make in their company-owned operations? because they want to protect their proprietary technology because they don't have the capacity in their internal factory to meet demand because they want to have better control of transportation and warehousing costs because they want to have better control of lead time
A company may decide to outsource a product they currently make in their company-owned operations because they lack the capacity to meet demand, want to reduce costs, or do not want to invest in proprietary technology.
A company may decide to outsource a product they currently make in their company-owned operations for various reasons. Firstly, they may want to reduce costs by taking advantage of cheaper labor or materials from suppliers.
Secondly, they may not have the expertise or technology required to produce the product efficiently or at the desired quality level. Thirdly, outsourcing can allow the company to focus on its core competencies and strategic priorities, while freeing up resources that can be invested in other areas of the business.
Lastly, outsourcing can provide access to specialized equipment or processes that may be too expensive to develop in-house. Ultimately, the decision to outsource will depend on a variety of factors, including cost, quality, expertise, and strategic priorities.
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Suppose that an economy consists of only two individuals. Jeremy has $1690 available to spend on goods. He decides to purchase $470 worth of produce from Michele in the current quarter. No other economic activity takes place during the current quarter. Using this information, answer the questions. For the current quarter, what is the economy's income?
Answer:
$470
Explanation:
The calculation of the economy income is given below:
Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it
So here we can see that there is one and only economic activity that took place at the present quarter that is of $470
Therefore the economy income is $470
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Identify three strengths of each human service delivery system?
Answer:
hope it helps
Explanation:
The Medical Model. is the oldest of the three models. Looks at symptoms, illness and sickness.
The Public Health Model. Looks at how illness affects population. Focus is on education, prevention and nutrition.
The Human Service Model. Looks at the client and their environment
5) Which of the following statements concerning external sources of financing for nonfinancial businesses in the United States are true?
A) Stocks are a far more important source of finance than are bonds.
B) Stocks and bonds, combined, supply less than one-half of the external funds.
C) Financial intermediaries are the least important source of external funds for businesses.
D) Since 1970, more than half of the new issues of stock have been sold to American households.
Among the given statements concerning external sources of financing for nonfinancial businesses in the United States, statement D - Since 1970, more than half of the new issues of stock have been sold to American households - is true.
Statement A, which claims that stocks are a far more important source of finance than bonds, is not accurate. In reality, bonds can be a significant source of finance for businesses, especially for companies seeking debt financing. Stocks and bonds play different roles in financing, with stocks representing equity ownership and bonds representing debt obligations.
Statement B, which states that stocks and bonds combined supply less than one-half of the external funds, is also incorrect. Stocks and bonds combined typically constitute a substantial portion of external funds for businesses, especially for larger corporations.
Statement C, which suggests that financial intermediaries are the least important source of external funds for businesses, is not necessarily true. Financial intermediaries, such as banks and other lending institutions, often play a crucial role in providing loans and credit facilities to businesses, particularly small and medium-sized enterprises (SMEs).
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Mohave Corp. is considering outsourcing production of the umbrella tote bag included with some of its products. The company has received a bid from Willow Co. to produce 8,300 units per year for $10 each. Mohave has the following information about its own production of the tote bags:
Direct materials $6
Direct labor 2
Variable manufacturing overhead 1
Fixed manufacturing overhead 1.5
Total cost per unit $10.5
Mohave has determined that all variable costs could be eliminated by dropping production of the tote bags, while 60 percent of the fixed overhead cost is unavoidable. At this time, Mohave has no specific use in mind for the space currently dedicated to producing the tote bags.
Required:
1.
Compute the difference in cost between making and buying the umbrella tote bag.
2. Should Mohave buy the tote bags from Willow or continue to make them?
Make
Buy
3-a.
Suppose that the space Mohave currently uses to make the bags could be utilized by a new product line that would generate $10,000 in annual profits. Recompute the difference in cost between making and buying the umbrella tote bag.
3-b. Does this change your recommendation to Mohave?
No
Yes
(3-b) Considering the new difference in cost, Mohave should still buy the tote bags from Willow Co. and utilize the space for the new product line.
1. To compute the difference in cost between making and buying the umbrella tote bag, we need to compare the total cost of making the bags in-house to the cost of buying them from Willow Co.
For making the bags in-house, the total cost per unit is $10.5.
This includes direct materials ($6), direct labor ($2), variable manufacturing overhead ($1), and fixed manufacturing overhead ($1.5).
However, we can eliminate all variable costs by dropping production of the tote bags.
Only 60 percent of the fixed overhead cost ($1.5) is unavoidable.
So, the total cost per unit for making the bags in-house is $1.5 (fixed overhead cost) + $2 (direct labor) = $3.5.
The cost of buying the bags from Willow Co. is $10 per unit.
To calculate the difference in cost, we subtract the cost of buying from the cost of making:
Difference in cost = Cost of making - Cost of buying
= $3.5 - $10
= -$6.5
2. Based on the calculation, the difference in cost between making and buying the umbrella tote bag is -$6.5 per unit. This means that it would be $6.5 cheaper to buy the bags from Willow Co. instead of making them in-house.
Considering this, Mohave should buy the tote bags from Willow Co. rather than continue to make them in-house.
3-a. If the space currently used to make the bags can be utilized by a new product line generating $10,000 in annual profits, we need to take this additional profit into account when computing the difference in cost.
To recompute the difference in cost, we subtract the additional profit from the cost of making:
Difference in cost = Cost of making - Cost of buying - Additional profit
= $3.5 - $10 - $10,000
= -$10,006.5
3-b. Yes, this change in the recommendation to Mohave. With the additional profit of $10,000, the new difference in cost is -$10,006.5 per unit.
This means that it would be $10,006.5 cheaper to buy the bags from Willow Co. and utilize the space for the new product line generating additional profit.
Therefore, considering the new difference in cost, Mohave should still buy the tote bags from Willow Co. and utilize the space for the new product line.
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Type the correct answer in the box. Spell all words correctly.
Which form of marketing do firms use when they market their products to all consumers alike, even when not all of them constitute the target audience?
When firms market their products to all consumers alike, even when not all of them constitute the target audience, they exhibit (___?___) marketing.
Answer:
Outbound Marketing is the correct answer
Explanation:
Answer:
outbound marketing - I just took the test this is correct
Explanation:
A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):
A business executive feels the need to win in everything he does, from his business deals, to his golf, and even with his romantic partners. The executive's behavior illustrates a(n):need for achievement.
What is need for achievement?Need for achievement can be defined as the way in which a person is determine to achieve their goals or when a person is always eager to achieve their set goals and objectives.
Hence, the personalities display by the business executives is called need for achievement as the executives feels the need to win in everything he does,.
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One method of arriving at economic forecasts is to use a consensus approach. A forecast is obtained from each of a large number of analysts, and the average of these individual forecasts is the consensus forecast. Suppose the individual 1996 January prime interest rate forecasts of all economic analysts are approximately normally distributed, with the mean 7% and the standard deviation equal to 2.6%. If a single analyst is randomly selected from among this group, what is the probability that the analyst's forecast of the prime interest rate will...a. Exceed 11%b. Be less than 9%
Yes, there is a decent probability. There is a 77% likelihood that the anticipated interest rate will be 9% because, if the same mean is at 7, then projecting it at the level of nine is very likely.
What exactly is economic forecasting?
Economic forecasting is the technique of attempting to foretell the future state of the economy utilizing a mix of significant and widely regarded indicators.
How do our economists foresee the global economy?Using our fully-specified structural global macroeconomic model, which includes 12,000+ variables such as labor markets, real estate prices, interest rates, initial claims, and more, our economists create predictions for more than 100 countries and subregions.
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Among the key management skills, which do you think is the most important skill that a manager should possess?
Answer:
Good communication
Explanation:
Having good communication skills is probably the most important skill of all for managers to have. Unless you can properly communicate with those you supervise, the rest of the skills really won't matter.
selma leases equipment from abc corp. the 4-year lease requires payments of $10,000 per year, beginning at the inception of the lease. the fair value of the equipment at the inception of the lease is $100,000. the equipment has a 6-year life. selma's incremental borrowing rate is 6%. the lease does not transfer title and does not have a bargain purchase option. how should the lease be classified by selma?
Selma's incremental borrowing rate of 6% is not high enough to indicate that the lease should be classified as a finance lease.
Based on the information provided, Selma should classify the lease as an operating lease. This is because the lease does not transfer title and does not have a bargain purchase option.
Additionally, the lease requires payments of $10,000 per year, beginning at the inception of the lease, and the fair value of the equipment at the inception of the lease is $100,000.
The fact that the equipment has a 6-year life is also relevant, as it suggests that the lease term is less than the majority of the useful life of the equipment.
Finally, Selma's incremental borrowing rate of 6% is not high enough to indicate that the lease should be classified as a finance lease.
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SECTION B
ANSWER ALL ITEMS IN THIS SECTION.
1. Fill in the blanks by classifying the following activities as primary, secondary or
tertiary production.
(Total 5 marks)
A
= Banking
В.
= Forestry
С.
Canning of fish
D.
= Doctor
Е.
Working as a lumberjack
How can the business cycle affect your income?
I
outline 2 advantages to H&H of using secondary market research
In what country do the three largest shareholders control, on average, about 60 percent of the shares of a public company?
a. Great Britain
b. Italy
c. United States
d. Canada
Answer:
b. Italy
Explanation:
Even though this % doesn't apply to all corporations, it is still a very small number of shareholders that control corporations (and their board) on average. We can compare this situation to the American normality, where any shareholder that owns 5% or more of a large corporation is considered a major shareholder and must report himself/herself to the SEC as such.
In the US, many of the corporations would be considered closed corporations. The smaller the number of shareholders with large decision power, the less small shareholders can do.
QUE ES UN CHOQUE ELECTRO SEVERO
RAPIDO RAPIDO AYUDA POR FAVOR
ES DE ELTRICIDAD PERO LE PUSE ESA MATERIA PORFAVOR AYUDAME
Answer:
un choque electro es un choque electrico
A group of investments sold as a package is a
Answer:
Fund or an Exchange Traded Fund (ETF)
Explanation:
This group of investments are generally called a Fund or an Exchange Traded Fund (ETF). These are various assets investments that are bundled together and sold as a single entity which investors can easily buy as one investment. This fund gives the investor easy exposure and diversification to these various assets in their portfolio, but also safety since each individual price affects the overall price of the fund but also protects the one another, meaning if one asset's price falls the other assets in the fund can even out the ROI with an increase in price.
technological advances allow smaller companies to compete with larger companies. group of answer choices true false
True, Technological advances allow smaller companies to compete with larger companies.
What is company?
A company is a legal entity created by a group of people to conduct and manage a business enterprise, whether it be commercial or industrial. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability reasons. The type of business structure a company chooses, such as a partnership, sole proprietorship, or corporation, will typically depend on the industry it operates in. The ownership structure of the business is also indicated by these structures. Additionally, they can tell private from public companies. Both have different ownership arrangements, laws, and rules regarding financial reporting.
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What is the meaning and there difination of 3 p's?
If you want your business to succeed, you must prioritize three key factors: people, process, and product. The three Ps, as they're commonly referred to, provide the best return on investment because they serve as the foundation for everything your company does.
The three Ps stand for People, Planet, and Profit, also known as the triple bottom line. The role of sustainability is to protect and maximize the benefits of the three Ps. People are taken care of by green programs. The term refers to a classification that began with the four Ps: product, price, placement, and promotion and has since grown to include Product, Price, Promotion, Place, People, Packaging, and Process.
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A company's assets consist of $60,000 of cash, $375,000 of accounts receivable, $450,000 of inventory, and $900,000 of plant and equipment. Its liabilities consist of $240,000 of accounts payable, $95,000 of accruals, and $450,000 of long-term debt. The company's annual sales are $2,975,000, its earnings before interest and taxes are $460,000, it paid $55,000 of interest, and its tax rate is 37%. What is the company's debt/equity ratio? 1) 0.45 2) 1.12 3) 0.79 4) 0.91 5) 0.68
The company's debt/equity ratio is approximately 0.44.
To calculate the debt/equity ratio, we need to determine the total debt and total equity of the company. The total debt is the sum of accounts payable, accruals, and long-term debt, which amounts to $785,000 ($240,000 + $95,000 + $450,000). The total equity is the difference between the company's total assets ($1,785,000) and total liabilities, which is $1,000,000 ($1,785,000 - $785,000). Dividing the total debt by total equity gives us a debt/equity ratio of approximately 0.44. This indicates that the company has lower debt in comparison to its equity, suggesting a relatively low level of financial leverage.
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Now that Rory understands how comprehensive income is, he is wondering if he needs to record the $500 scholarship he was awarded from his local community to help pay his college tuition. If so, in which category of income should it be recorded: earned income, unearned income, or received income from government programs
Whether or not Rory needs to record the $500 For more questions on Scholarship he was awarded for college tuition will depend on whether it is considered taxable income or not.
In general, scholarships and grants used for Assuming that the scholarship money is tax-free, education expenses such as tuition and books are tax-free.
However, if the scholarship money is used for non-qualified expenses such as room and board, it may be taxable.
Assuming that the scholarship money is tax-free, Rory does not need to record it as income. It is not considered earned income, unearned income, or income received from government programs.
However, if any portion of the scholarship money is taxable, Rory would need to record it as income in the appropriate category depending on how it is classified.
If it is earned through work, it would be recorded as earned income. If it is awarded without any work required, it would be recorded as unearned income.
If it is received through a government program, it would be recorded as income received from government programs.
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A person-to-person payment app could be used in each of the following scenarios EXCEPT:__________.
i. Tina pays her neighbor $200 for breaking his window with a softball.
ii. Mia pays Randy the delivery driver from Cheesy Pizza Co. for a pizza she orders for her Spanish study group.
iii. Ahmed's soccer coach pays the team's registration fee for a big tournament, and each player then owes him $35 for their share of the registration fee.
iv. Rafael writes the whole monthly rent check to the landlord, and his roommates Valerie and Carlos pay Rafael for their share of the monthly rent.
A person-to-person payment app could be used in each of the following scenarios EXCEPT:
i. Tina pays her neighbor $200 for breaking his window with a softball.
ii. Mia pays Randy the delivery driver from Cheesy Pizza Co. for a pizza she orders for her Spanish study group.
iii. Ahmed's soccer coach pays the team's registration fee for a big tournament, and each player then owes him $35 for their share of the registration fee.
iv. Rafael writes the whole monthly rent check to the landlord, and his roommates Valerie and Carlos pay Rafael for their share of the monthly rent. The correct answer is (i) Tina pays her neighbor $200 for breaking his window with a softball.
In this scenario, a person-to-person payment app may not be the most suitable option. This situation involves compensation for property damage, which typically falls under insurance claims, personal agreements, or legal settlements. A person-to-person payment app is more commonly used for everyday transactions, splitting bills, paying friends, or making purchases.
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________ enables mutual funds to consistently outperform a randomly selected group of stocks. managerial expertise diversification denomination intermediation none of these
Answer:
Diversification is the answer.
Explanation;
Diversification is the practice of spreading investments across a variety of different assets to reduce risk. By diversifying, investors can reduce the impact of any one investment on their overall portfolio. This can help to protect against losses and increase the likelihood of achieving long-term investment goals. In the context of the given statement, diversification suggests that a portfolio of stocks that is diversified across different sectors and industries is more likely to outperform a randomly selected group of stocks.
Big Bob worked for Transfer Trucking (TT) as a driver and was an agent of TT. Big Bob drove a regular route, making deliveries along the way. One day Big Bob drove 100 miles out of his way and off the normal route to see the launch of a space ship. While driving to see the launch, Big Bob was distracted and negligently smashed his truck into a car driven by Austin, injuring him. Austin is now suing both Big Bob and IT for personal injuries. Under the circumstances Multiple Choice TT is liable under the doctrine of respondeat superior. TT is never liable for the negligent torts of its agents. Austin can recover damages from both Big Bob and TT. o TT is not liable because Big Bob was on a frolic of his own. Maggie is riding her motorcycle too fast, not paying attention, and runs a red light. This causes a car to swerve to miss her and it hits an 18 wheeler truck which then careens out of control, crashing through the front door of a local UPS store. As a result, Dave fails to receive his delivery from UPS on time and is unable to sign a contract for a $100,000 a year job by the deadline. The job was given to another applicant. Dave sues Maggie for the loss of the job. What will the result be? Multiple Choice Maggie will be liable to Dave because a person is liable for all consequences of his or her negligence. Maggie will not be liable to Dave because she did not intend to cause Dave's damages. Maggie will be liable to Dave because she was the cause in fact and proximate cause of Dave's injuries. O O Maggle will not be liable to Dave because while she was the cause in fact, she was not the proximate cause of Dave's injuries.
TT is not liable because Big Bob was on a frolic of his own is the correct option.
What exactly does New York General Business Law 391 say?No one, firm, partnership, association, or corporation shall sell any clothing with a drawstring at the waist or a drawstring at the bottom opening of an upper garment for children in sizes two-T through sixteen, inclusive.More stringent than federal regulations, New York State General Business Law, Section 391-b(2) forbids the sale of any children's apparel from size 2-T to 16 that has a drawstring at the neck, at the bottom opening of an upper body garment, or at the waist of a lower body garment.For more information on bus law kindly visit to
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A decrease in demand, with no change in supply, will lead to ________ in equilibrium quantity and ________ in equilibrium price.
Blank 1: shortage
Blank 2: increase
In the closing bid column of a bond listing table, the number 97 1/2 appears for a bond issued by the Nostatic Radio Company. What was the closing price for a $1,000 Nostatic bond on that day?
Closing price of $975 for $1,000 Nostatic bond.
What was closing price?
The number 97 1/2 in the closing bid n of a bond listing table refers to a price of 97 and 1/2 percent of the face value of the bond.
To calculate the closing price for a $1,000 Nostatic bond on that day, we first need to convert the percentage to a decimal by dividing by 100:
97 1/2% = 97.5/100 = 0.975
We can then multiply the face value of the bond by this decimal to find the closing price:
$1,000 x 0.975 = $975
Closing price of $975 for $1,000 Nostatic bond.
Therefore, the closing price for a $1,000 Nostatic bond on that day was $975.
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1.1 Which statement best describes financial accounting …
A. Reports are prepared for managers and users inside the organisation
B. Provides a scorecard by which the past performance of a business is judged in
the form of financial statements which are used by stakeholders outside the
organisation
C. Conduct an official financial inspection of a company or its accounts
D. A and B only
E None of the above
Alyiah works as a marketer for the California Seashell company, which is opening a new store with new product offerings. Alyiah is working on a marketing campaign plan for this new store and has finished her promotional mix and detailed budget portion of the campaign plan. She turns her attention to the communication action plan and is creating the template to capture all of the pertinent information. Which types of information should Alyiah make sure to include in the communication action plan?
Answer:
She can include information such as timing, type of activity, brief description, audience and owner.
Explanation:
The communication action plan is undertaken for a number of reasons. The objective of the communication action plan is for the assessment, development and implementation of the internal and external communications plan of the business.
The communication action plan would be useful in the maximization of brand equity, brand performance, and the awareness created by the brand, which in line with the mission, vision, and values of the company.
Question 7 of 10
Which of the following tells you what your gross and net income was for a
particular pay period?
A. W-4 form
B. Pay check
C. Tax return
D. Pay stub
Answer:
d. pay stub
Explanation:
Pay stub tells you what your gross and net income was for a particular pay period. The appropriate response is option D.
What is Pay stub?An employer's pay stub is a record that lists an employee's gross pay, deductions from that pay, and net compensation. Paychecks are produced together with pay stubs.
Employees get a pay stub along with their paycheck that contains information about their gross pay, deductions made from it, and final net pay. Pay stubs should include information on tax deductions, health insurance premiums, and retirement contributions.
Your company will provide you with a non-binding pay stub that details your gross pay, benefits received, and net pay. Lenders, prospective employers, and other organizations utilize it to comprehend your earnings.
The appropriate response is option D.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200