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Lena [83]
2 years ago
9

The turnout for a game is expected to reach 70,000 fans, of which 60 percent are expected to drive. An Average of 2 fans come in

each vehicle. There is parking for only 9,000 vehicles at the stadium; therefore, satellite parking will be needed. If each statellite lot can accommodate 1,500 vehicles, how many satellite lots will be needed?
Business
1 answer:
GenaCL600 [577]2 years ago
7 0

Answer: Eight satellite lots will be needed to accomodate all the vehicles.


Expected turnout for the game                                    70,000 fans

Proportion of people expected to drive                              60%

Number of people expected to arrive by car: 70000*0.6 = 42,000

Number of people per vehicle                                              2  

Expected number of cars                           \frac{42000}{2} = 21000        

Number of car parks in the stadium                                   9000

Number of additional car parks required     21,000-9,000 = 12,000              

Number of car parking per satellite lot                               1500

Number of satellite lots required               \frac{12000}{1500}= 8    



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Slovac Company purchased a machine that has an estimated useful life of eight years for $7,500. Its salvage value is estimated a
saw5 [17]

Answer:

A. 1,406

Explanation:

Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

The cost of asset =  $7,500

salvage value  = $500

estimated useful life = 8years

To calculate the depreciation value using Double-declining balance formula = 2 X Cost of the asset X Depreciation rate

Depreciation rate = 1/useful life *100 = (1/8) * 100 = 12.5%

Therefore

2 x $7500 x 12.5% =  $1,875 - year 1

for the second year the cost of asset will be$ 7,500 - $1,875 =  $5625

2 x  $5625 x 12.5% = $1,406.25

Therefore the answer is $1,406

8 0
1 year ago
GNP equals GDP7)A)plus net receipts of factor income from the rest of the world.B)minus receipts of factor income from the rest
xeze [42]

Answer:

The answer is A. Plus net receipts of factor income from the rest of the world

Explanation:

Gross National Product (GNP) measures the total output produced by a citizen of a country regardless of whether the production occurs domestically or overseas in a given period of time. while Gross Domestic Product(GDP) is the market value of all final goods and services produced within the economy in a given period of time.

For example, a citizen of United States that produced outside the country will not count for GDP but will count in the GNP.

It is only goods produced within a country that counts for GDP excluding the ones produced outside the country.

But for GNP, it includes GDP and the one outside produced by its citizens

3 0
1 year ago
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $80,000 of income a year for 20 years,
ivolga24 [154]
Defined the answer multiplied $80,000 by 20, once you get that answer multiply that by 0 5.25, then whatever you get is the answer. You're welcome, tea sis, shook, can't relate, be smarter
7 0
2 years ago
Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4.1 percent until you retire in 45 years.
grigory [225]

Answer:

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

Explanation:

Giving the following information:

Option 1:

Initial investment= $11,500

Number of years= 45

Interest rate= 4.1%

Option 2:

Initial investment= $11,500

Number of years= 44

Interest rate= 4.7%

To calculate the future value for both options, we need to use the following formula:

FV= PV*(1+i)^n

<u>Option 1:</u>

FV= 11,500*(1.041^45)= $70,142.41

<u>Option 2:</u>

FV= 11,500*(1.047^44)

FV= $86,766.45

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

7 0
2 years ago
Which loan created a habit where the borrower kept coming back to request an extension?
Anna35 [415]

Answer:

Extension proposals are not rare because of the buyer's perspective of bridging finance as well as the explanations for both the requirements can indeed be broad. The much more common explanations are.  

Explanation:

  • It has required longer than planned to secure planning approvals.
  • When a transaction has been negotiated, the borrower awaits an exchange of contracts.
  • Additional resources as well as time are needed by the creditor to accomplish his project.
  • Refurbishment analysis was suddenly postponed.
  • Before actually refinancing the debt, the creditor waits for something like a new lender to conclude his thorough research.
  • Throughout the final moment, the buyer of the creditor's property backs out, causing the borrower to bring the estate back into the marketplace.
  • Throughout the last minute, the previous buyer refinancing the property backs out, obliging the creditor to find some mortgage company.
4 0
2 years ago
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