the kentucky tools machine shop wants to develop a cost estimating equation for its monthly cost of electricity. it has the following data: month cost of electricity (y) direct labor-hours (x) january $7,000 750 april $7,500 850 july $8,500 1,050 october $7,250 800 what would be the best equation for estimating the cost of electricity using the highlow method?
Answers
The estimated cost equation for monthly cost of electricity at Kentucky Tools Machine Shop, using the high-low method, is: y = $5x + $3,250, assuming a linear relationship between cost and direct labor-hours.
To develop a cost estimating equation using the high-low method, we need to identify the highest and lowest points of data and calculate the variable cost per unit.From the given data, we can identify the highest and lowest points as follows:
Highest point:
Month: July
Cost of electricity (y): $8,500
Direct labor-hours (x): 1,050
Lowest point:Month: October
Cost of electricity (y): $7,250
Direct labor-hours (x): 800
Now, we can calculate the variable cost per unit (slope) using the high-low method:Variable cost per unit (slope) = (High cost - Low cost) / (High direct labor-hours - Low direct labor-hours)
= ($8,500 - $7,250) / (1,050 - 800)
= $1,250 / 250
= $5 per direct labor-hour
Once we have the variable cost per unit, we can use it to estimate the cost of electricity for any given direct labor-hours (x).The equation for estimating the cost of electricity (y) using the high-low method would be:
y = mx + bWhere:m = variable cost per unit ($5 per direct labor-hour)
x = direct labor-hours
b = y-intercept (to be calculated using one of the data points)
To find the y-intercept, we can use either the high or low point. Let's use the low point (October):y = mx + b
$7,250 = ($5 * 800) + b
b = $7,250 - ($5 * 800)
b = $7,250 - $4,000
b = $3,250
Therefore, the estimated cost equation for the monthly cost of electricity using the high-low method is:
y = $5x + $3,250
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Related Questions
How does decreasing your credit card balance affect your income statement? (1 point)
It increases your monthly expenses, increasing the amount you spend each month.
It increases your monthly expenses, giving you more money to spend on other things.
It decreases your monthly expenses, increasing the amount you spend each month.
It decreases your monthly expenses, giving you more money to spend on other things.
Answers
The way in which decreasing your credit card balance would affect your income statement is that: D. It decreases your monthly expenses, giving you more money to spend on other things.
What is a credit card?A credit card simply refers to a small, rectangular flat card that is issued by a financial institution to its eligible customers, in order to avail them an opportunity to purchase goods and services on credit, especially based on the agreement that this amount of money would be paid back at a specific time and interest rate.
Generally speaking, a credit card balance can be defined as the total amount of money that an individual owe his or her credit card company. This ultimately implies that, a decrease in credit card balance would cause a decrease in monthly expenses, which avails the credit card holder more money to spend on other things.
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Answer: 1. a loan from one entity electronically matched to another entity without a financial institution in the middle
2. a payday loan
3. an unsecured installment loan
4. It decreases your monthly expenses, giving you more money to spend on other things.
5. Determine or estimate the current value of everything you own.
6. Their ability to repay a loan
7. your prior record of paying your bills and paying off your debts
8. your age and gender
9. You can request one online or over the phone.
10. He should contact the credit bureau that issued the credit report, the companies that issued the seven fraudulent cards, his local police, and the federal government at identitytheft.gov.
11. -the lender that provided the incorrect information
-the credit bureau that prepared the report
12. right away
13. She won a $20 billion settlement for California homeowners whose homes were inappropriately foreclosed on.
14. The longer the term, the more you will pay in interest.
15. It will cost you less money overall.
16. A store credit card generally comes with a higher interest rate.
17. You will save money if you pay the balance off quickly.
18. -Clarifying the confusing language found on credit card applications.
-Forcing lending companies to disclose interest rates and hidden fees.
19. It banned credit card companies from raising interest rates after missed payments.
20. -a fixed annual charge for the use of a credit card
-a charge if the minimum payment is not paid by the due date
21. paying off the balance before interest can accrue
22. $30
23. Determine which card has the higher interest rate and pay the extra money to that card first.
Explanation: All these answers are correct!
Part of the growth strategy for Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is expansion of its current fast-food businesses into untapped international markets, such as China, Russia, and India. This type of expansion would be a ________ strategy.
Answers
Part of the growth strategy for Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, is expansion of its current fast-food businesses into untapped international markets, such as China, Russia, and India.
This type of expansion would be a market development strategy. The process of developing a new market for an existing product or service is known as market development. This approach is ideal for businesses seeking to increase revenue by identifying and marketing new uses or customer groups for their current goods. In this case, Yum! Brands, the parent company of KFC, Pizza Hut, and Taco Bell, seeks to develop new markets in untapped areas like China, Russia, and India for its current fast-food business, which is an excellent example of a market development strategy. To put it in simpler terms, the company has identified an untapped market (China, Russia, and India) and seeks to use its current fast-food business to exploit this new market. This is an effective strategy for businesses that wish to expand into new markets while lowering the risks associated with developing new products and services altogether.
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A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as:a. monopolistically competitive.b. pure monopoly.c. perfectly competitive.d. oligopoly.
Answers
A firm is operating in the United States with only two other competitors in the industry. It is likely this industry would be characterized as an oligopoly. The Option D is correct.
What is an oligopoly?An oligopoly refers to a market structure in which a market or industry is dominated by a small number of large producers. Its often result from the desire to maximize profits which can lead to collusion between companies which reduces competition, increases prices for consumers, and lowers wages for employees.
Many industries that are called oligopolistic includes civil aviation, electricity providers, the telecommunications sector, Rail freight markets etc.
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In the long run, increasing the national debt will cause which of these?
A) higher tax revenue
B) an increase in jobs
C) higher interest rates
D) an increase in production
Answers
If choose all that apply I think a,b,and c
True or false: according to a 2021 U.S. Department of Labor’s Bureau of Labor Statistics (BLS) report, between 2005 and 2018 the ratio of economic output (value of goods produced and services provided) to the number of labor hours required to produce that output grew at a faster rate than it had between 1998 and 2004.
True
False
Answers
According to the 2021 U.S. Department of Labor’s Bureau of Labor Statistics (BLS) report, the statement that between 2005 and 2018, the ratio of economic output to the number of labor hours required to produce that output grew at a faster rate than it had between 1998 and 2004 is false.
In fact, the report found that the growth rate of labor productivity slowed down between 2005 and 2018 compared to the period between 1998 and 2004.
Labor productivity refers to the amount of goods and services produced by each hour of work. In other words, it is a measure of how efficiently labor is used to produce output. The report shows that during the period between 2005 and 2018, labor productivity grew at an annual rate of 1.3 percent, which is lower than the 2.9 percent growth rate recorded between 1998 and 2004.
This slower growth rate in labor productivity may have implications for economic growth and overall standards of living. A lower rate of labor productivity growth could limit the growth of wages, increase the cost of goods and services, and reduce the competitiveness of businesses in the global marketplace.
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Can Some people give me brainliest I'll give ya'll all my points when I see it
Answers
Answer:
Explanation: why u delete all your questions that u answered for me?
Fiat money Select one: a. has no intrinsic value. b. is any close substitute for currency such as checkable deposits. c. is a medium of exchange but not a unit of account. d. is backed by gold.
Answers
Answer:
is a medium of exchange but not a unit of account
using instant messaging at work may annoy some people, but others believe that it saves time.
Answers
Instant messaging is a communication tool used in various work environments to facilitate quick and efficient communication between team members. While it can save time by allowing employees to send brief messages and receive immediate responses, some individuals may find it annoying or distracting.
Proponents of instant messaging at work argue that it enables faster communication compared to email or face-to-face meetings, as messages are delivered instantly and can be easily accessed. This can lead to quicker problem-solving, improved collaboration, and increased productivity.
On the other hand, some employees may view instant messaging as an interruption to their workflow, causing them to lose focus and feel overwhelmed. Additionally, the informal nature of instant messaging may lead to miscommunications and misunderstandings, especially in professional settings where tone and context are important.
In conclusion, instant messaging at work can be both a time-saving tool and a potential annoyance depending on individual preferences and work styles. To ensure a positive work environment, it is essential for organizations to establish clear guidelines on instant messaging usage and encourage employees to find a balance between utilizing this tool effectively and respecting their colleagues' need for focus and productivity.
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You have a credit card balance of $53.00 from the previous month. You have $172.45 in new purchases and you made a payment of $50.00. Your APR is 8.75%. According to the Previous Balance method, what amount would you use to calculate the interest for this month?
Answers
Answer:
$50
Explanation:
As per previous balance method the Interest is charged based on the opening balance of the Credit Card.
As $50 was the balance from previous month and opening balance for this month, Hence $50 would be the amount we would use to calculate the interest for this month.
Answer:
The answer is $50.
Explanation:
slader Each month Leo must make copies of a budget report. When he uses both the large and the small copier, the job takes 30 min. If the small copier is broken, the job takes him 50 min. How long will the job take if the large copier is broken
Answers
Based on the time it takes Leo when he uses two machines, the length of time it will take if the large copier is broken is 75 minutes.
How long will it take if the large copier is broken?This can be found by the formula:
= 1 / ( (1 / time taken with both copiers) - (1 / time taken with large copier) )
Solving gives:
= 1 / ( ( 1 / 30) - (1 / 50))
= 1 / (1 / 75)
= 75 minutes
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Which performance improvement method(s) will be the best if
"scope is dynamic, i.e. scope changes very frequently and durations
are hard to predict"? Circle all that apply.
a) Lean
b) Agile with Scrum
c) Agile with Kanban
d) Six Sigma
e) TOC
Answers
b) Agile with Scrum
c) Agile with Kanban performance improvement method(s) will be the best if"scope is dynamic,
Agile with Scrum and Agile with Kanban are the most suitable performance improvement methods when the scope is dynamic and durations are hard to predict.
Agile with Scrum is an iterative and incremental approach to project management that emphasizes flexibility and adaptability. It allows for frequent scope changes through short development cycles called sprints, providing the ability to respond to evolving requirements.
Agile with Kanban is another agile methodology that visualizes work on a Kanban board and uses a pull system to manage the flow of work. It enables teams to handle changing scope by dynamically adjusting the work in progress (WIP) limits and focusing on completing the most important tasks.
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What is receptive skills ?
Answers
Answer: They are skills where the person receives information.
Explanation: When it comes to receptive skills, it is where the person learns by receiving information. A common way to develop receptive skills is through reading and listening. A person who reads is someone who is receiving knowledge through the process of identifying the knowledge that he sees, while the person who listens receives it through hearing.
why should mary ann and nana create a business plan?
Answers
One of the most important steps in beginning and operating a business is writing a business plan. It acts as a strategic instrument to direct choice-making, reduce risk, and increase chances of success.
A business plan is a strategic instrument for defining and clarifying the concept of the business as well as its main aims and objectives. It offers a methodical manner to describe what the company wants to accomplish and how it intends to do it.
In a business plan, Mary Ann and Nana describe the approaches they aim to take in order to realize their objectives. They can use it to plot out their necessary course, spot probable obstacles, and make backup plans.
The financial, human, and technological resources that the company will require to run successfully are listed in the business plan. This guarantees effective resource allocation and prevents wasteful spending.
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A firm reports sales of $1,139,666.00, COGS of $604,280.00, Selling and Administrative expense of $108,911.00, and Depreciation expense of $212,181.00.
The firm’s creditors expect the TIE coverage ratio to be at least 1.80. What is the most the interest expense can be to satisfy this request?
Answers
The maximum allowable interest expense is $129,802.60 to maintain a TIE coverage ratio of at least 1.80.
The Times Interest Earned (TIE) coverage ratio measures a firm's ability to cover interest expenses with its operating income. The formula for TIE is operating income divided by interest expense.
We can rearrange this formula to calculate the maximum allowable interest expense. Given the following financial data: sales = $1,139,666.00, COGS = $604,280.00, selling and administrative expense = $108,911.00, and depreciation expense = $212,181.00
we can calculate the operating income by subtracting COGS, selling and administrative expense, and depreciation expenses from sales. The operating income is $214,294.00. To maintain a TIE ratio of at least 1.80, we divide the operating income by 1.80. The maximum allowable interest expense is $129,802.60.
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outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. this serves to group of answer choices satisfy regulators. expand the profit pool. increase competition. provide better customer service.
Answers
The answer is to expand the profit pool, outside the flight experience itself, airlines are generating revenue by charging fees for credit cards, frequent-flyer programs, and access to airport lounges. this serves to expand the profit pool.
What is the plain meaning of revenue?Revenue is the money made from regular business operations and is calculated by multiplying the average sales price by the quantity of units sold. In order to calculate net income, costs must be deducted from the top line (or gross income) figure. On the income statement, revenue is also known as sales.
Comparing revenue and salesBefore any costs are deducted from the computation, revenue is the total money a business derives from its core operations. Sales are the money a business makes from offering products or services to clients.
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help plz asap will mark brainlieast
Answers
Answer:
i am clueless
Explanation:
i dont even know the answer sorry
1
3. A document that indicated items issued to different people from the
store is called
A store receipt voucher
B store issuing voucher
C. store requisition
D.bin card
E. goods received book
Answers
Answer:
E
Explanation:
The focus on traditional financial statements is -Select- data rather than cash flow. However, cash flow is important to investors, managers, and stock analysts. Therefore, corporate decision makers and security analysts need to modify accounting data provided to them. An important modification is the concept of free cash flow (FCF). Many analysts regard FCF as being the single and most important number that can be developed from the accounting statements, even more important than net income. The equation for free cash flow is:
Answers
Answer:
The focus on traditional financial statements is ACCOUNTING data rather than cash flow.
Free cash flows = (EBIT x (1 - tax rate)] + non-cash expenses (depreciation and amortization) - capital expenditures - increases in net working capital
Explanation:
Cash is KING. A company might b extremely profitable from an accounting point of view, but if it doesn't have enough cash to keep running, it will go bankrupt. E.g. many companies increase their sales revenue by handing out long credit terms to most or all of its customers including some that may not be able to pay them back. That increases accounts receivables and net income, but until the cash is collected, this is useless. The other option that a company has is to factor their accounts receivables but factoring companies are not dumb and they will pay a very low amount for them.
Companies and stocks are always valued based on cash flows, never on accounting records. Accounting records might be deceiving, but cash never lies. Either the company has or doesn't have cash. A company's cash flow tells investors how well managed a company is.
E.g. Remember that during the Great Recession both GM and Chrysler went bankrupt and the government had to bail them out. If you looked at their accounting records of the previous year, they were both profitable, so why did they burst in just a few months? They didn't have cash. Cars and SUVs are useless unless you sell them and collect the cash. Ford didn't go bankrupt because it had billions of dollars in cash, not because they were doing great. Ford was actually the company that performed worst form an accounting point of view. But out of the 3 car companies, it was the only one properly managed. Accounting records are great for the IRS but are meaningless to an investor.
Select the education or qualification that is best demonstrated in each example. Freda interviews a famous local athlete on a television news show. Essie gets a four-year college degree in journalism. Lester creates a chart mapping out all the news stories a newspaper will publish over the next week. Ramon identifies sources of information and sorts out facts.
Answers
Answer:
1. communication skills 2. bachelors degree 3. planning and organizational skills 4. research skills
Explanation:
took the test
Answer:here’s the answer for this question
Explanation:edge2023
Complete the following sentence. Remember to spell correctly.
The market is in ___
until the price of goods reflects equal supply and demand.
Answers
Honesty is an example of a value.
True
False
Answers
Answer:
True
Explanation:
Honesty is a value
:)
Answer: true, personally not sure if this is for edge or not
Explanation:
yeah
The role of corporate support in event marketing has
in the past few decades.
a. Increased
b. Decreased
C. Remained status quo
d. Developed
Answers
A.incrased
1. What is the difference between a "centralized" and "decentralized" framework when it comes to cryptocurrency and what are the benefits of a centralized" currency? 2. What are the two types of Municipal Bonds? What are the differences? Please explain why they are needed.
Answers
The difference between a "centralized" and "decentralized" framework in cryptocurrency lies in the control and distribution of authority. Centralized currencies are governed by a central authority, such as a government or financial institution.
In a centralized framework, a central authority has control over the cryptocurrency network. This authority can regulate transactions, verify identities, and manage the supply of the currency. Centralized currencies offer benefits such as stability and regulatory oversight, as they can enforce compliance with laws and regulations. Additionally, in case of fraudulent or erroneous transactions, a centralized authority can reverse the transactions and provide customer support. However, centralized currencies are susceptible to censorship and single-point-of-failure risks. If the central authority experiences technical issues or becomes compromised, it can disrupt the entire system. Moreover, centralized currencies may require users to trust the central authority to maintain the security and privacy of their transactions.
Municipal bonds are issued by local governments to fund public projects. General obligation bonds are backed by the issuer's taxing authority, meaning that the municipality pledges to use its taxing power to repay bondholders. Revenue bonds, on the other hand, are backed by the revenue generated from specific projects, such as tolls or fees from utilities. The key difference between the two is the source of repayment. General obligation bonds rely on the ability of the municipality to raise taxes, while revenue bonds depend on the income generated by the specific project. Municipal bonds are important because they provide a way for local governments to finance infrastructure projects that benefit the community. They allow municipalities to raise funds from investors, who receive interest payments over time, while the borrowed funds can be used to build schools, hospitals, roads, and other public facilities.
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If G&M Foods issues a $1,000 bond with an interest rate of 3.5 percent and a maturity date of January 1, 2025, G&M is agreeing to pay the bondholder __________ interest each year until January 1, 2025, when it must repay the full $1,000.
Answers
Based on the face value of the bonds payable of $1,000 and an interest rate of 3.5%, G&M agrees to pay the bondholder the sum of $35 as interest annually until January 1, 2025, when G&M redeems the full $1,000 bond.
Data and Calculations:
Face value of bonds payable = $1,000
Interest rate = 3.5%
Maturity date = January 1, 2025
G&M's annual interest expense = $35 ($1,000 x 3.5%)
Thus, by issuing the bond of $1,000 at 3.5% per year, G&M agrees to pay $35 in interest expense.
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1. The Industrial Revolution began primarily because of.
A) Larger numbers of people unable to find work
B) The growth of corporations in the U.S.
C) The invitation of machines allowing the faster processing of raw materials.
D) Managers using practices to improve productivity of employees.
2. The first effort to apply scientific study to the management of businesses was?
A) Behavioral management
B) Classical management
C) Quality management
D) administrative management
Answers
The Industrial Revolution began primarily because of the invitation of machines allowing the faster processing of raw materials. The Option C is correct.
What led to Industrial Revolution in Europe?The Industrial Revolution transformed the economy from an agrarian to a manufacturing economy in which products were no longer made solely by hand but also by machines. This resulted in increased output and efficiency, lower prices, more goods, higher wages, and a shift from rural to urban areas.
The first Industrial Revolution began in Great Britain in the mid-to-late 1700s, when innovation led to large-scale production of goods through machine manufacturing. This spread around the world, and the Second Industrial Revolution began in the late 1800s in the United States, with further technological advancements leading to greater efficiency.
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On April 1, 2021, Austere Corporation issued $320,000 of 15% bonds at 106. Each $1,000 bond was sold with 40 detachable stock warrants, each permitting the investor to purchase one share of common stock for $19. On that date, the market value of the common stock was $16 per share and the market value of each warrant was $3. Austere should record what amount of the proceeds from the bond issue as an increase in liabilities
Answers
Answer:
$300,800
Explanation:
First Calculate the proceeds from the issuance of the bond
Proceeds from bonds = Face value x Price rate = $320,000 x 106% = $339,200
Now calculate the fair value of the warrant issued
Fair value of warrant = Numbers of shares x Stock per bond x Market value of each Warrant = ( $320,000 / $1,000 ) x 40 x $3 = 320 x 40 x $3 = $38,400
Liability Portion = Procedds from bonds - Fair value of waarants = $339,200 - $38,400 = $300,800
Do you think every place of our country is accessible to all kind of information obtaining sources why give reasons
Answers
Freedom of information is freedom of a person or people to publish and consume information.
What is meant by Freedom of Information ?
The right of a citizen to access information that the government holds is referred to as information freedom. This freedom is recognized as a constitutional right in several nations.
The Freedom of Material Act in the United States permits the revelation of official records and previously undisclosed information that is under the authority of the American government. The Electronic Freedom of Information Act, which mandates that certain types of government records be made electronically accessible to the public, was added to this law in 1996 as an amendment. This is intended to increase access to public information.
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Please help
starbright industries which manufactures radiators has recently begun doing business in japan. its executives make a deal to export a shipment of a new type of radiator to japan once the product exits the production stage. the shipment will be worth one billion yen or approximately $9.4 million us dollars.
how does this situation show the difficulty that may be posed by implementing an international set of standards?
Answers
The situation shows why it is difficult to implement an international set of standards because different countries might have different standards they adhere to.
Why is it hard to implement an international set of standards?Countries have differing sets of standards based on the prevailing situations in their nations. When they produce goods and services, they will go by those standards. Those standards can sometimes also give them an advantage over other nations which is probably why Starbright Industries is able to sell radiators in Japan.
If an international set of standards is proposed, some nations might kick against it because they want to maintain their competitive edge. Other nations might not be able to afford to meet the new standards and so will protest as well.
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what is the impact of atm on banking sector?
Answers
Answer:
Explanation:
ATM s are of great use to the banks as the reduce the number of people storming the banks for withdrawal of money as well as deposit of money it reduces cost of operation and from customer point of view it is available easily near by hence travelling further distance to the bank is not required
ATMs are one of the most convenient services provided by the banks to customers. It is beneficial to banks as it is to its customers. It helps banks to save cost and time in withdrawing money and various other services which are now provided by ATM.
Automated teller machines, or ATMs as they are more commonly referred to, are a convenient way to conduct one-on-one transactions quickly and easily. One can do self-serviced transactions with these machines without a physical teller's aid or a trip to the bank branch. Cash withdrawals, cash deposits, and fund transfers are just a few of the many transactions possible with automated teller machines, or ATMs. Although the majority of customers only use ATMs to withdraw cash, these additional transactions make the service more effective.
With the advent of the ATM, users' financial lives became simpler because they could now perform simple transactions on their own with the aid of an ATM, which was much more practical than often visiting the bank. The ability for users to transact between banks is another significant advantage of an ATM. This means you can still use basic services like cash withdrawals from the ATM even if you don't have an account with the bank that runs the machine. Again, this saves you time and comes in handy in an emergency because you won't need to go to the ATM at your bank every time you need a quick infusion of cash. ATM helps banks operate more cheaply by lowering the number of human operations. The ATM provides service 24 hours a day which means customers can avail of money and other services at any time of the day.
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There are two competing spas in town that offer 1-hour massages, pedicures, and manicures at the following prices. Massage Perdicure Manicure
Calm Retreat [$70 $30 $251] Lotus Spa [$90 $36 $27] a) If Janet takes her friend to the Lotus Spa and has 4 manicures done, how much will it cost? [DOK 3: 3 marks] b) What is the difference in the price between a massage at the Lotus Spa and one at the Calm Retreat? [DOK 3:3 marks]
Answers
A massage at the Lotus Spa costs $20 more than one at the Calm Retreat, and Janet will have to pay $108 for 4 manicures there.
Spas Massage Pedicure Manicure
Calm Retreat $70 $30 $251
Lotus Spa $90 $36 $27
Required to calculate: a. If Janet takes her friend to the Lotus Spa and has 4 manicures done, how much will it cost?
b. What is the difference in the price between a massage at the Lotus Spa and one at the Calm Retreat?
a)
Price of a manicure at the Lotus Spa: $27
Quantity of manicures: 4
Cost of 4 manicures at the Lotus Spa = Price of a manicure * Quantity of manicures
Cost of 4 manicures at the Lotus Spa = $27 * 4 = $108
b)
Price of a massage at the Lotus Spa: $90
Price of a massage at the Calm Retreat: $70
The difference in price = Price of a massage at the Lotus Spa - Price of a massage at the Calm Retreat
Difference in price = $90 - $70 = $20
Therefore, the difference in price between a massage at the Lotus Spa and one at the Calm Retreat is $20 and it will cost Janet $108 for 4 manicures at the Lotus Spa.
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