10.24 years it will take an account With $100 To Double To $200. If you Earn 7% Per Year On Your Bank Account.
Number of years = In(Future value /present value ) /In(1+r)
= In(200/100)/In(1+.07)
=In(2)/In(1.07)
= .6931472/.06765865
= 10.24 years
A bank account is a type of financial account that is kept by a bank or other financial organization and is used to record financial transactions between the bank and its clients. Every financial institution determines the terms and conditions for every form of account it provides.
These bank account are categorized into categories that are easily understood, such as deposit accounts, credit card accounts, current accounts, loan accounts, or many other sorts of accounts. A client could have multiple accounts. After an account is formed, deposits made by the customer to the financial institution are recorded in the account they chose. Money can be taken out of loan loaders.
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The complete question is
If you earn 7% per year on your bank account, how long will It take an account with $115 to double to $230? (Do not round intermediate calculations. round your answer to 2 decimal places.)
Neumann corporation purchases supplies that will be used during the following quarter. at the time of purchase, the supplies should be recorded as a(n):_________
The Neumann Corporation makes purchases of supplies for the upcoming quarter. The supplies should be recorded as assets at the time of purchase.
An asset is a resource with economic value that a person, company, or nation owns or controls with the expectation that it will one day be useful. Assets are listed on a company's balance sheet. They are purchased or created in an effort to increase a company's value or enhance its operations.
An asset is something that has value in both the present and the future. A piece of equipment, a financial security, or a patent are examples of assets that frequently generate cash flows in the future. Examples include buildings, vehicles, money, works of art, and household items.
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_____ attributes are those that a customer can determine prior to purchasing goods or services.
Search attributes are those that a customer can determine prior to purchasing goods or services.
What are the attributes that a customer can determine prior to purchasing goods or services?
Customers need your product or service to function in order to solve their problem or desire.Customers have their own budgets with which they can purchase a product or service.The product/ service needs to be a convenient solution.The product or service needs to reliably function as advertised every time the customer wants to use it.To learn more about Search attribute, refer to:
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How long on average did a unit of inventory sit on the shelf before it was sold?
On average, a unit of inventory sat on the shelf for 44.78 days before it was sold.
Ending Inventory = $482,700
Cost of goods sold = $3,934,005
Inventory Turnover Ratio = COGS / Ending Inventory = $3,934,005 / $482,700 = 8.15 times
Days' sales in Inventory = 365 / Inventory Turnover Ratio = 365/8.15 = 44.78 ~ 45 Days
What is inventory unit?
The inventory unit, commonly called a piece, is the littlest unit in which the thing can be referenced. This unit cannot be subdivided. Since all other units can be part, an unsplit table unit is required for accurate description of stock levels.
While there are many sorts of stock, the four major ones are raw materials and components, work in advance, finished goods and support, repair and working supplies.
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The internal revenue code authorizes deductions for trade or business activities if the expenditure is ordinary and necessary. True or false?.
False, The internal revenue code authorizes deductions for trade or business activities if the expenditure is ordinary and necessary is false. A necessary expense is an expense that is helpful or conducive to the business activity.
Expenses that are appropriate and beneficial are referred to as necessary expenses. For expenses to qualify as tax deductibles, they must also fall under the category of ordinary expenses. A necessary expenses that makes sense for the company is one that is necessary. Although many necessary expenses are written off on specific lines of the tax schedule, some costs might not fall under one category or another. A necessary expenses is considered necessary if it is beneficial and appropriate for your trade or business. An necessary expenses does not have to be necessary in order to be deemed necessary. Expenses that are "helpful and appropriate," but not essential, are not considered necessary.
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An increase in the demand for money, at any given income level and level of interest rates, will, within the is–lm framework, ______ output and ______ interest rates.
An increase in the demand for money, at any given income level and level of interest rates, will, within the framework, lower output and raise the interest rates.
A percentage of the principle, or the money lent, is what a lender charges a borrower as interest rate. The annual percentage rate, which is how loans' interest rates are commonly expressed, is calculated annually. The money earned from a savings account or certificate of deposit at a bank or credit union may also be subject to interest rates. Interest rate on these bank accounts is calculated as an annual percentage yield. The principle, or total amount of money by the loan, is added to for calculating interest rates. For both the lender and the borrower, the interest rate represents the cost of debt.
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Ace electronics purchased a $35,000 delivery truck in exchange for a 4-year promissory note. the journal entry to record this transaction would include a ______ of $35,000.
Debit to Equipment
Credit to Note Payable this transaction would include $35,000.
Which account titles are indented when journal entries are made?A Credit Account
The credit account title(s) are always centered on the right after the debit account titles.
Below the debit accounts, the credit account names will be indented.
You'll at least have one debit (possibly more).
Journals are specialized forms that accountants use to record their financial transactions.
The first place information is entered into the accounting system is in a journal.
Because it is where data first enters the system, a journal is frequently referred to as the "book of original entry."
A journal maintains a historical record of all recordable transactions that the business has been involved in. In other words, a journal is a type of business diary.
We refer to the act of entering information into a journal as journalizing the entry.
The second stage of the accounting cycle is journaling the entry.
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Compute the dollar change for accounts payable using the following information. use year 1 as the base year. accounts payable balance on year 1 is $75,000 and on year 2 is $65,000.
Using the data below, $10,000 is accounts payable. Use year 1 as the starting point. In years 1 and 2, the accounts payable balance was $75,000 and $65,000, respectively.
A balance of payments' basic balance is a financial indicator that includes the current account and capital account balances. The current account displays a country's net revenue, if there is one, or its net spending, if there is one. The net change in ownership of foreign assets is tracked by the capital account. A country's balance of payments can be analysed using the fundamental balance to show the most likely pattern. Governments often prefer greater inflows than outflows, although the majority of economists prefer to see a fundamental balance close to zero. Governments can employ a combination of policy tools and laws to attempt and bring the fundamental balance back into line when it deviates too far from the target.
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You are a manager, and you have an employee who has a high external locus of control. you should:_________
You are a manager, and you have an employee who has a high external locus of control. you should accept situations that you can't influence, and to manage them
The ability to significantly affect someone or something is known as influence. If someone has an impact on another person or object, they are indirectly yet significantly altering it.People who exert influence on others occasionally do so unintentionally and occasionally for selfish reasons. The employment of political power is an example of a personal benefit or advantage.
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Many people have a hard time taking a systems view when it comes to managing projects. Why do you think this is the case? What can be done to help people take a systems view? justify your response.
Many people experience difficulties taking on a systems view when it comes to managing projects because each project should be approached holistically and analytically .
Project management is the process of overseeing a team's work to complete all project objectives within the established parameters. The project documentation that is created at the start of the development process typically contains descriptions of this information. The three main restraints are budget, time, and scope.
The use of procedures, techniques, abilities, knowledge, and experience to accomplish particular project goals in accordance with predetermined guidelines is known as project management. Final deliverables in project management are subject to a limited amount of time and money.
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In what ways can recrystallization be used to enable large amounts of deformation without fear of fracture?
New grains can form when a substance is recrystallized, also known as "annealed," above its crystallization temperature. The internal strains and stresses brought on by the forming process are relieved by doing this, which is crucial.
A process for removing impurities from a compound in a solvent is known as recrystallization, sometimes known as fractional crystallization. The idea behind this method of purification is that most substances become more soluble at higher temperatures. This implies that when temperature rises, more solute can dissolve in a given amount of solvent.
This increases the material's ductility while decreasing strain hardening and, consequently, hardness. In comparison to a material that has not had its stress relieved state, a material that has recrystallized is therefore more ductile and can withstand greater deformation without fracture.
The size of the forming crystals increases with cooling pace. Recrystallization's drawback is that it takes a while. The right solvent must be used, which is also crucial. This can only be discovered through trial and error using assumptions and observations. The mixture ought to be both soluble at high temperatures and insoluble at low ones.
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What processes at manufacturing firms are really service processes that involve considerable customer contact? can customer contact be high, even if the process only has internal customers
Some service procedures involving consumer interaction are used by manufacturing companies.
Direct interaction between the salesperson and the customer occurs during product delivery to the customer. The processes are:
• Transaction process
• Post-purchase services
• Customer feedback and grievances
• Asking customers about a product's attributes.
What are Manufacturing firms?A manufacturing company is a for-profit organization that transforms components or raw materials into completed goods. These goods are made with customers' needs and expectations in mind.
"A corporation involved in the production of some article, thing, or object, by skill or labor, out of raw material, from stuff which has already been subjected to artificial forces, or to which something has been added to change its natural condition," according to the dictionary.
To effectively carry out the mass production of standardized items, manufacturing businesses frequently use organizational structures that emphasize task specialization and division of labor.
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Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. Which of the four marketing mix strategies is jacob working on?.
Jacob is a marketer at gamer way video games. He is currently working to develop four different color versions of their latest video game console. The marketing mix strategy which Jacob is working on is product.
Market mix strategies are the various ways or tactics that a particular business implies in order to attract more audiences and customers to its business.
In business, marketing mix strategies can be grouped into four areas that are focused.
Jacob is a marketer who intends to attract more customers for his product which is the video game. In order for this, he has developed four different colored versions of his game. As Jacob has focused on the product i.e video game hence, the marketing mix strategy that is being used Jacob is the product group.
Although a part of your question is missing, you might be referring to this question:
Jacob is a marketer at Gamer Way Video Games. He is currently working to develop four different color versions of their latest video game console. Which of the four Marketing Mix strategies is Jacob working on?
Product
Place
Price
Promotion
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The quantity demanded of a product increases when consumer incomes increase and decrease when incomes decrease. this product can be classified as a(n)?
The quantity demanded of a product increases when consumer incomes increase and decrease when incomes decrease. this product can be classified as a Normal Or Inferior Good.
Normal Goods: A Normal good is one whose demand rises as a result of an increase in consumer income. Demand and income are positively correlated for Normal products. Basic necessities including food, clothing, and domestic equipment are examples of normal products.
The quantity demanded of a product increases when consumer incomes increase and decrease when incomes decrease. this product can be classified as Normal Goods.
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Which of the major components of gdp has driven china's growth over these past 2 decades? which component has been purposely curtailed in order to drive this growth?
There are majorly two components that economists generally attribute much of China's rapid economic growth over the past two decades and they are;
large-scale capital investment (financed by large domestic savings and foreign investment) and, rapid productivity growth.
China's export and investment-driven economy is the component that has been purposely curtailed in order to drive this growth
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An analyst obtains a market quote for the two-year forward rate two years from now. to derive the next point on a theoretical annual forward rate curve, the analyst can use the:___________
An analyst obtains a market quote for the two-year forward rate two years from now. to derive the next point on a theoretical annual forward rate curve, the analyst can use the three-year and five-year spot rates.
Given the two-year forward rate two years from now, the next point on an annual forward rate curve is the two-year forward rate three years from now, 3y2y. This rate can be derived from the three-year and five-year spot rates as follows: (1 + S5)5 = (1 + S3)3(1 + 3y2y)2.
Job Analysts paint in the HR branch of companies or groups and study occupations and jobs to attention on category structures inside that field. The attention at enterprise and occupational developments in addition to employee relationships.
According to the U.S. Bureau of Labor Statistics, the median economic analyst revenue is around $85,000, however, this range may be deceptive due to the fact the common economic analyst revenue is nearer to $100,000 because of the acute boom in profits over time.
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The difference between an asset's cost and its accumulated depreciation is called:_________
The difference between an asset's cost and its accumulated depreciation is called: net book value
What is net book value?
The net book value of an asset means its cost of purchase initially, minus all depreciation expense to date, which is the accumulated depreciation, this is different form depreciable cost , which is simply the cost of asset minus salvage value.
Also, it should be noted that the accumulated depreciation is shown under the liability section of the balance sheet even though it is not a liability but rather a contra asset account which reduces the cost of the asset under the non-current asset heading to the net book value of the asset
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The total combined lifetime value of a company's current and potential customers is called?
The total combined lifetime value of a company's current and potential
customers are called Customer Equity.
What is Customer Equity?
Customer equity is the total combined customer lifetime values of all of the company's customers.
Knowing how valuable a customer base is in terms of potential future sales is crucial when determining a company's worth.
In other words, a company with higher customer equity can typically get more money from its customers than a company with lower customer equity, even if the two companies are otherwise identical.
The higher the customer equity (CE), the more future revenue in the lifetime of its clients.
Therefore, a business with greater customer equity is worth more than one without.
The goodwill of the customers is taken into account and extrapolated over their lifetime.
Since the term has nothing to do with the conventional meaning of equity, it is a misnomer.
There are three factors that influence customer equity, and they all relate to different aspects of the same thing:
Value equity is the value that the customer believes the company's product or service to be worth;
Brand equity is the difference between the brand's objective value and how the customer perceives it to be worth;
Retention equity: The propensity of a customer to stick with a brand even if it costs more than a similar product but at a lower price;
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Suppose the country of lilliput exported $275 billion worth of goods and imported $431 billion worth of goods in the last calendar year. a. calculate lilliput's balance of trade.
Lilliput's balance of trade: (-)$156lilliput's balance of trade.
What is the balance of trade?The difference between the monetary value of a country's exports and imports over a specific time period is known as the balance of trade, commercial balance, or net exports. A distinction between a trade balance for products and one for services is occasionally drawn.
Formula for the Balance of Trade: Exports minus Imports. As an illustration, if the United States imported $1.8 trillion in 2016 but exported $1.2 trillion to other nations, the country would have a negative trade balance, or a $600 billion trade deficit.
The most important part of the balance of payments is the trade balance. International investments and net income earned on those assets are added to the trade balance in the balance of payments.
a. calculate lilliput's balance of trade.
The balance of trade was calculated as follows:
balance of trade= exported-imported
=$275- $431
=(-)$156.
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Under the allowance method for uncollectible receivables, the entry to record uncollectible-account expense has what effect on the financial statements?.
Effect on the financial statements would be decreases assets and has no effect on net income.
Financial statements are official records of a person, business, or other entity's financial position and activities. An easy-to-understand format is used to present pertinent financial data in a structured manner.
Financial statements are documents that describe a company's operations and financial performance. Government organizations, accounting firms, etc. frequently audit financial statements to ensure accuracy and for tax, financing, or investing purposes.
A company's financial health can be seen in a single glance thanks to the financial statements that reveal information about its operations, performance, and cash flow. Since they reveal details about a company's earnings, costs, profitability, and debt, financial statements are crucial.
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By recognizing the effects of inflation in the accounting financial statements, which accounting assumption is violated?
Economic statements are written records that bring the commercial enterprise activities and the economic performance of a company.
Financial statements are frequently audited by using authorities organizations, accountants, firms, and so forth. to ensure accuracy and for tax, financing, or making an investment purposes.
The five kinds of financial statements
income assertion. Arguably the most essential.cash flow declaration.balance sheet.observe to financial Statements.announcement of trade in fairness.The earnings assertion, stability sheet, and announcement of coins flows are required monetary statements. those 3 statements are informative equipment that investors can use to analyze a agency's economic energy and offer a brief photograph of a agency's financial fitness and underlying price.
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What applies to customers offering goods and services to each other on the internet?
Marketing through internet using company web sites, online ads applies to customers offering goods and services to each other on the internet.
What is E-commerce?E-commerce is a very popular business model which enables the buying - selling of goods and also other services via the Internet.
The biggest benefit of internet is that it enables and encourages businesses and organisations to work with anyone, anywhere and anytime.
E-commerce refers to everything that is online based, both selling and buying (online transactions)
E-business is another term derived from E- commerce and is equivalent to conducting business through internet, not sellinga nd buying alone but collaborations, marketing and customer services with other business partners.
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What is the present value of received a. years from today when the interest rate is per year? b. years from today when the interest rate is per year?
The present value of $14400, if you were to receive it today, would obviously be $14400 since that is what your investment would yield you right now, if you were to use it.
Response: $14400
Detailed explanation:
given data
Primary = 6000
Duration: 14 years
Rate= 10%
To determine the total sum, let's utilize the straightforward interest expression.
A=P(1+rt)
substitute
A=6000(1+0.1*14)
A=6000(1+1.4)
A=6000*2.4
A=$14400
answer :$14400
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Hillman corporation reported a decrease in inventory of $57,834. this is best defined as a _________ of cash on the _______________ segment on the statement of cash flows.
Hillman corporation reported a decrease in inventory of $57,834. this is best defined as a source of cash on the operating activities segment on the statement of cash flows.
Cash flow is the movement of cash inside and out of a organisation. coins obtained indicates inflows, and cash spent signifies outflows. The coins float statement is a monetary assertion that reports on a agency's sources and usage of cash over a while.
Cash flow is a measurement of the quantity of coins that comes into and out of your business in a specific period of time. if you have superb coins waft, you have got greater coins entering your commercial enterprise than you have got leaving it—so that you can pay your payments and cover different fees
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An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an ______________- series. The equation is?
An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute Infinite series .
What is meant by Perpetuity ?
A security that pays for an endless period of time is known as a perpetuity. A perpetual sequence of similar cash flows is referred to as perpetuity in the finance industry.
Several financial models, including the dividend discount model, also make use of the idea of perpetuity (DDM).
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During group meetings, jacqueline told her group to make the decisions without her because she just wanted to go home. what function does she exhibit?
During group meetings, Jacqueline told her group to make the decisions without her because she just wanted to go home. The function she exhibited is Self Centered.
The self-centered definition is someone who thinks only of himself, his own needs, and his own interests, or that are actions or behaviors performed by someone who only shows concern for himself. attention to that person's needs.
An example of self-centeredness is picking up leftovers from the house when you know others are hungry. Selfishness is being concerned excessively or solely for one's own or one's own benefit, joy, or happiness, independent of others. Selfish is the opposite of altruism or altruism; and also contrasts with self-centeredness.
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A product ________ is a group of products linked through usage, customer profile, price points, and distribution channels.
A product Line is a group of products linked through usage, profile, price points, customer and distribution channels.
The correct fill in the blank to this question is product line.
A group of products linked through usage, customer profile, price points, and distribution channels is known as a Product line. The products are identical and focus on the same market . Their function or channel distribution might be similar. Possibly their physical attributes, prices, quality, or type of customers are the same. We call this sort of activity as product lining.
Product line is basically a group of related products all marketed under a single brand name that is sold by the same company. Companies sell multiple product lines under their various brand names, the basic purpose is to distinguish them from each other for better usability for consumers.
Product line pricing involves the separation of goods and services into cost price categories in order to create different perceived quality levels in the minds of consumers.
Product lines are usually part of a marketing strategy. Companies keep introducing more products to attract buyers. Specifically, they want to attract those buyers who are already familiar with their brand.
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Which acronyms are mentioned in the reading as being important to today's marketing professionals?
The acronyms which are mentioned in the reading as being important to today's marketing professionals are CRM, SRM and SEO.
Customer relationship management (CRM) is a system that allows you to manage all of your company's relationships and interactions with current and prospective customers. The idea is straightforward: improve business ties in order to expand your company. A CRM system assists businesses in staying connected to customers, streamlining procedures, and increasing profitability.
SEM is an abbreviation for "Search Engine Marketing." A type of internet marketing that aims to increase the visibility of websites in search engine results pages (SERPs). Search engine optimization (SEO), sponsored placement, contextual advertising, digital asset optimization, and paid inclusion are all SEM approaches. When used to describe a person, it stands for "Search Engine Marketer," or someone who practices SEM.
SEO stands for Search Engine Optimization, and it is the process of optimizing a website's technical configuration, content relevancy, and link popularity so that its pages are easier to locate, more relevant and popular to user search queries, and, as a result, search engines rank them higher.
Hence, the answer is CRM, SEM and SEO.
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The cluster of benefits that an organization promises customers to satisfy their needs is referred to as a:________
The cluster of benefits that an organization promises customers to satisfy their needs is referred to as a Customer Value Proposition.
Customer Value Proposition: A corporation will use a customer value proposition (CVP) to persuade a consumer to choose its goods or services over competing ones. Its goal is to persuade customers that this company's product offers greater value than that of rivals.
4 types of Customer Value Proposition:
1) Company value proposition.
2) Homepage value proposition.
3) Category value propositions.
4) Product value propositions.
The cluster of benefits that an organization promises customers to satisfy their needs is referred to as a Customer Value Proposition.
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Jessica wants to save $100,000 in the next 10 years so she can have a good start on her retirement fund. How much will her monthly contributions need to be if she can earn a 12% return on her money?.
In order to get a head start on her retirement fund, Jessica plans to save $100,000 over the next ten years. Her monthly contributions so as to earn a 12% return on her money should be $3,220.
Amount needs to be saved (A) = $100,000
Rate of interest(i) = 12% = 0.12
No. of years (n) = 10
Amount = [tex]Principal(1+i)^{(n)}[/tex]
$100,000 = [tex]Principal(1+0.12)^{10}[/tex]
$100,000 = Principal (3.105)
Principal = $ 100,000/ 3.105
= $32,207.
Principal for 10 years = $32,207/10 = $ 3,220
Principal amount is the initially invested amount which is equal throughout the period of making contribution. It is on this invested amount we earn interest at a given rate of interest. Here, in this case Jessica is investing a principle $3,220, for 10 years so that she can earn save $100,000 along with 12% return.
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Mikasa earned money over the summer babysitting and dog walking. she was paid $15 an hour babysitting and $20 an hour dog walking. if she worked a total of 75 hours over the summer and earned a total of $1350, how many hours did she work at each job?
The two equation are b + w = 75and15b + 20w = 1350
.
As it is given that,
She worked 30 hours as babysitting and 45 hours dog walking.
And, the solution works in both the equations.
A) Let “ ” represent hours babysitting and “w ” represent hours walking dogs.
She worked a total of 75 hours. So,
She was paid $15 an hour babysitting and $ 20 an hour dog walking and earned a total of $ 1350,
B) as we know that
b + w = 75
b = 75 - w , use this in second equation i.e.,
15(75 - w) + 20w = 1350
5w = 225
w = 45
Then , b = 75-w = 30
So, she worked 30 hours as babysitting and 45 hours dog walking
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The question was incomplete. Check below the full question.
Mikasa earned money over the summer babysitting and dog walking. She was paid $15 an hour babysitting and $20 an hour dog walking. If she worked a total of 75 hours over the summer and earned a total of $1350, how many hours did she work at each job?
a. Set up the system of equations for this scenario. Let “b” represent hours babysitting and “w” represent hours walking dogs.
b. Solve the system of equations. Show how you got your solution.
