Tutor profile: Kriska E.
Subject: Basic Math
Magdalena rented a car for $50 with an additional fee of $5 per person. If she pays $80, how many persons are there inside the car?
Payment. (Car + person ) $80 Less: ( car) $50 Difference ( person) $30 $30/$5 per person= $6 Answer:$6
The Following are some date from the financial records of Faith Corporation for 2020 Accounts Receivable, Jan 2020. $8000 Accounts Receivable, Dec 2020. $12,000 Net cash sales $5000 Accounts Receivable turnover for 2020 3 What is the company’s total net sales for 2020?
Given: Accounts Receivable Turnover = 3 AR, beg = 8000 AR, end = 12,000 Accounts Receivable Turnover = Net Credit Sales / ( (AR beg+AR end)/2) 3 =Net credit sales / ((8000+12000)/2) 3=Net Credit Sales/10000 3*10000=Net Credit Sales Net Credit Sales=30000 Total net sales = Net Credit Sales + Nest Cash Sales = 30000+5000 ANSWER: 35,000
In order to save for her future, Joy plans to invest $20000 with a 4 %simple interest rate for the period of 6 years. How much interest will she receive?
Interest = Principal * rate * time 20,000*.04*6 = P4,800 Answer is 4,800.
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