If the team won 40% of its first 15 games then the number of the winning games was: 15 * 0.4 = 6. Therefore the team lost 15 - 6 = 9 games.
So the number of the lost games stays the same while the team wins new games in the row. They have to achieve 55% wins, so 100% - 55% = 45% is the new percent of lost games.
x * 0.45 = 9
x = 9 : 0.45
x = 20
20 - 15 = 5
Answer: The team have to win 5 games in a row in order to have 55%
winning record.
Question Completion:
Assume that the price per ton of oranges in the international market is $810 and equilibrium is established at the price of $900 for 120 tons.
Answer:
If Bangladesh is open to international trade in oranges without any restrictions, it will ____import____ tons of oranges. Suppose the Bangladeshi government wants to reduce imports to exactly 120 tons of oranges to help domestic producers. A tariff of ____$90____ per ton will achieve this. A tariff set at this level would raise $___10,800______ in revenue for the Bangladeshi government.
Explanation:
A tariff of $90 per ton will raise the price of a ton of oranges to $900 ($810 per ton as indicated on the question). When the price is raised to $900 in the domestic market, the quantity demanded will equalize with the quantity supplied at 120 tons.
Answer:
Total= 20 potatoes + 2 steaks
Explanation:
Giving the following information:
Her budget is $30 for every 10 days and she must buy enough potatoes to eat at least 2 potatoes per day. If a potato costs $0.50 and the price of a steak is $10.
2 potatoes a day= 0.5*2= 1
Consumption of potatoes= 10 days*$1= $10
Consumption of steak= 30 - 10= 20/10= 2 steaks.
Total= 20 potatoes + 2 steaks
The company's external equity comes from those funds raised from public issuance of shares or rights. The cost of external equity is the minimum rate of return which the shareholders supply new funds <span>by </span>purchasing<span> new shares to prevent the decline of the market value of the shares. To compute the cost of external equity, we should use this formula:</span>
Ke<span> = (DIV 1 / Po) + g</span>
Ke<span> = cost of external equity</span>
DIV 1 = dividend to be paid next year
Po = market price of share
g = growth rate
In the problem, the estimated dividend to be paid next year is $1.50. The market price is $18.50 and the growth rate is 4%.
<span>Substituting the given to the formulas, we need to divide $1.50 by $18.50 giving us the result of 8.11% plus the growth rate; this would yield to the result of 12.11% cost of external equity.</span>
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