Dr. Belo has a total of 14 bills in his wallet. Some are P50 bills and the rest are P100 . The total value of the 14 bills is $1150. A. Find the total number of P50 bills B. Find the total number of P100 bills C. How much is the total amount if half are $50 bills?

Dr. Belo has a total of 14 bills in his wallet. Some are P50 bills and the rest are P100 . The total value of the 14 bills is $1150. A. Find the total number of P50 bills B. Find the total number of P100 bills C. How much is the total amount if half are $50 bills?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: On Monday Kyle had $525 in his bank account. Tuesday he spent $75 on groceries, on Wednesday he paid…

A: BANK RECONCILIATION Bank Reconciliation is the Summary of Bank Balance & Business Account.…

Q: How much will he earn from selling 6 large necklaces and 7 small necklaces?

A: We can determine the amount Alonzo earns with the formula below:

Q: Koykoy is a sales agent of Mikoy Car Company. He was able to sell reposed car worth $648,000.00. He…

A: The sales commission is paid to a sales agent on the net selling price instead of the worth of the…

Q: Beginning Balances for Quentin's Four Credit Cards Card A Card C Card D Balance $4,134.00 $932.00…

A: The value of interest payable over the term of the loan and the loan value due is equal to the total…

Q: Schlitz bought some new material which cost $1,000 and which had credit terms of 1/10 net 30.…

A: 1/10 net 30 means the trade credit offered to a customer for the sales of goods and implies if the…

Q: Gregorio bought a car with funds borrowed from a commercial bank. He intends to repay the note with…

A: Par value (FV) = P750,000 Discount rate (r) = 12% Period (d) = 270 days

Q: When preparing for a business trip to China, Karim Darmati determined he needed to bring $4,200. How…

A: Borrowings are the liability that is used to finance the requirement of the funds. The borrower…

Q: Abdul has a debit card linked to a checking account with an available balance of $1480. He also owes…

A: Data given: Checking account balance=$1480 Amount owed to credit card= $1030 Credit card limit=$2400

Q: The cash price of a washing machine is RO 495. Hilal pays RO 25 down and makes 20 payments of 26 RO…

A: The correct option is D. 10.63% Please see the next step for the solution

Q: Martin makes a deposit and has these bills: 18 ones, 3 fives, 12 tens, and 6 twenties. He also has…

A: Net Deposit = Total Cash + Total Checks - Cash to be received

Q: If you made $500 after investing $1500 in a bank CD for 5nyears, what percent simple interest did…

A: Interest rate can be calculated by dividing amount earned with total amount of investment.

Q: Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the…

Q: 6. Nita is preparing to go on a trip and determined she needs to bring $ 7,600. How much must she…

A: Amount to bring7600Simple Discount note6.50%Tenure, days90

Q: Clara comes to see you for a $25,000 loan. The payments will be $315. She rents for $725. Her…

A: TDS total debt service ratio is very important while giving loans and mortgages and it must be…

Q: Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the…

A: Working Note#1 Let "x" be the remaining money after buying a number of CDs. x-(35 x+$12)= $18 x-…

Q: 13. Alec Tomita's savings account statement is shown below. What is his new balance? Previous…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: I earn $50,000 per year, which is called my “gross income." But I only take home $39,500 each year,…

A: Introduction:- Income is the monetary value of an entity's consumption and saving opportunities…

Q: If you are trying to build credit by using a credit card, each time you make a purchase with the…

A: Interest Rate = 6% APR Previous Balance = $1,173 Calculation of Number of days between is as follow:…

Q: Your grandfather put some money into an account for you on the day you were born. You are now 18…

A: It represents the expected amount or value of the current asset at a future date. It is estimated by…

Q: 5) Jon has a credit limit of $15,000 on his credit card. He had a previous balance of $427.51. He…

A: Credit cards are widely accepted and provide a convenient way to make purchases without carrying…

Q: Finn loses control and skids on ice, running into a parked car and causing $3,635 damage to the…

A: A personal auto policy (PAP) is an insurance policy that provides coverage for individuals and their…

Q: Zachary Lee has a personal automobile policy (PAP) with coverage of $50,000/$100,000 for bodily…

A: A.) Insurance coverage for the given situation Damage to unoccupied car= $2645 Damage to his own…

Q: Assume that Louisa carried an average balance of $1,000 from her credit card purchases over the past…

A: Interest charges are the amount of cost and charges paid for the amount borrowed either for personal…

Q: Sally's favorite department store is offering an incredible deal this week on their store credit…

A: Answer The store has the biggest sales of the year and store is offering 50% off on spent of $100.…

Q: can you answer how much 260 ten dollar bills worth please

A: Number of bills = 260 Value of each bill = 10

Q: .Susanna runs a hat shop in Melbourne, VIC. During the FY20, she bought 300 hats for $99 each (incl…

A: GST Payable = Output Tax - Input Tax

Q: isham purchased a Washing machine priced at RO 380. He paid 45 RO down and will make 15 payments at…

A: Financed Amount = Price - Down Payment

Q: Erin O’Malley looked over her savings account statement. Her previous balance was $981.93. She made…

A: New balance = Previous balance + deposits + interest earned - withdrew

Q: 23. Andy Eichel deposits the money he made at his garage sale into his savings account. He has 47…

A: Calculation of total amount are as follows:

Q: 6) Jim is trying to calculate his available credit. The following information was recorded by him.…

A: Credit line loan is similar to credit card offered by financial institution, it defines the amount…

Q: The cash price of a washing machine is RO 495. Hilal pays RO 25 down and makes 20 payments of 26 RO…

A: Given: Cash price = RO495 Down payment =RO 25 Number of payments = 20 Amount paid = RO26

Q: The back of the book says the answer should be $7,413. Do you know what there would be a…

A: As per the given information: EOYCash flow0-$30,0001$6,0002$13,5003$X4$13,500 MARR - 12% per year To…

Q: Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the…

A: Let the amount now be “X’, Amount spent on CD is X/4+$6. Amount spent on magazine is “(X-X/4)*3/5 +…

Q: Suppose Daryl spontaneously decides to treat all his friends to pizza, drinks, and dessert at a…

A: Loans are paid by equal monthly payments and these payments carry interest and loan payments.

Q: Suppose Miss Roxanne Davenport is 25 years old right now and puts away $1,800 per quarter in an…

A: given, rate (r) = 6% quaterly payment (A) =$1800 frequency of compounding (m) = 4 age = 25

Q: Micaela and 9 of her friends went out to eat. They decided to split the bill evenly Each person paid…

A: Total Amount paid is the sum of all payment made by each person.

Q: What is the current balance that Joe Doe owes? $1270.54 2.What is the total amount that Joe charged…

A: Hi student Since there are multiple sub parts,we will answer only first three subparts. If you want…

Q: You decided it is important to pay off some of your debt to help build your credit score. If you…

A: Simple interest is calculated by multiplying by the principal the daily interest rate by the amount…

Q: Let's say you are a cashier. The customers total is $36.42. They hang you 2 to $20 bills, a quarter,…

A: A quarter=25 cents A dime=10 cents A nickel=5 cents, and A penny=1 cent. Total amount the customer…

Q: A pawn shop owner buys a watch for 50$ and then sells it for 105$. What percent profit did the owner…

A: Approach to solving the question:Profit Is calculated as the difference between selling price and…

Q: Maria pays her bills immediately when she receives them. Her monthly bills average about PHP9,500,…

A: The answer is stated below:

Q: Joe Gallegos purchased a calculator for $14.18 and paid with a $20 bill. How much change did he get?

A: To calculate the change that Joe Gallegos has received, we need to subtract the cost of the…

Q: Sharla is comparing a credit plan to buying an appliance for cash. The sticker price is $1200. The…

A: The amount payable on cash terms will be lower than the amount owed on credit term or deferral basis…

Question

Dr. Belo has a total of 14 bills in his wallet. Some are P50 bills and the rest are P100 . The total value of the 14 bills is $1150.

A. Find the total number of P50 bills

B. Find the total number of P100 bills

C. How much is the total amount if half are $50 bills?

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1: Introduction

VIEW

Step 2: Equation

VIEW

Solution

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Similar questions

40. Josh has a savings account at a bank that charges a $12 fee for every monththat his balance falls below $1,000. His account has a balance of $1,526.23and he withdraws $700. What will his balance be in six months if he makes nodeposits nor withdrawals?A. $811.12B. $754.23C. $1,451.12D. $799.12
Compute the debt to credit ratio for a young man name John. He currently has a $15,000 car loan, $100,000 house loan and $3,000 in credit card debt. His total avaiable credit is $ 154815. Write your answer as a decimal that is accurate to two decimal places.
Vincent has chosen to buy a new car with a cost of $14 000, inclusive of HST. He has saved $5000 for a down payment. How much must be financed? Enter a numeric value only, rounded to 2 decimals places. An answer of $100 should be entered as 100.00.
Sandra is buying a house for $80,000. The bank requires 3 point. Calculate the cost of the points. The cost of the points is
Tom went to the store and bought two shirts for $50 each, socks for $10 and pants for $30. If the sales tax was 6%, what was the total purchase price? Round to the nearest cent (two decimal places). Your answer will look like this: 50.25 For your answer, do NOT include words, symbols, commas, etc.
Ken spent 1/4 of his money and an additional $6 on a number of CDs. He then spent 3/5 of the remaining money and an additional $12 on magazines. Given that he was left with $18, what fraction of his money was spent on magazines? Eoeoeoeoeiekk
Garrick is purchasing equipment for his job as a builder. The equipment costs $1000 and he wants to make monthly payments of $125. He has two different credit cards that he can use to finance the purchase. • Card A charges 9.9%, compounded daily, but it also charges a fee of $65 for all purchases over $1000 that is immediately added to the balance. • Card B charges 13.3%, compounded daily. What is the total cost of both options? Enter the total cost of the cheaper option here: Answer:
Selecting a Bank. Julie wants to open a bank account with $43. Julie estimates that she will write 23 checks per month and use her ATM card at the home bank. She will maintain a monthly balance of $500. Which bank should Julie choose? Hillsboro Bank First National South Trust Bank Sun Coast Bank ATM charges: Home bank Free Free Free Free Other bank 5 free, then $1.15 per use $1.40 per use $1.40 per use $1.40 per use Checking: Minimum deposit $100 $28 $1 $1 Minimum balance required to avoid fees* N/A N/A $500 N/A Monthly fees $8.66 $10.11 $15.88 $3.61 Check-writing charges 15 free, then $0.85 per check 10 free, then $0.85 per check Unlimited Each check $0.43 * N/A means monthly fees apply irrespective of account balances. Based on the information given in the chart, which bank should Julie…
You have 3 accounts: Account A has a $100 balance and a $300 credit limit. Account B has a $100 balance and a $500 credit limit. Account C has a $600 balance and a $1000 credit limit. Considering the debt-to-credit ratio for each account, if you have extra money to pay towards an account, which order should you pay the extra towards to increase your credit score?
A) What is the APR for purchases made using this credit card? B) What is the maximum amount that Marcus can put on this credit card? C) Did Marcus pay off the entire balance of his credit card last month? D) Suppose Marcus pays the minimum payment due this month, what will his new balance be, after this payment is processed and assuming he makes no additional purchases?
Marcos purchases a top-up card for his pre-paid cell phone. His remaining balance, B, can be modeled by the equation B = 45 – 0.35n, where n is the number of minutes he's talked since purchasing the card. a) How much money was on the card when he purchased it? $ Which intercept is this? Select an answer v b) How many minutes will he have talked when he runs out of money? minutes. Which intercept is this? Select an answer v c) What is the slope of this equation? What are the units on the slope? Select an answer
Suppose that with the advent of ATMs, a person withdraws money once every two days. Further, suppose this person spends $10 per day. Calculate the amount of money this person withdraws each time she goes to the bank.