15 points!
You will need to revise your budget to account for a car payment.
Which expense category would be the most difficult to change or reduce?
entertainment -Not the answer
rent
savings
groceries
thank you!
Answers
Answer:
rent
Explanation:
The rent expense will be difficult to revise. Usually, the rent amount is contained in a tenancy agreement signed by both the landlord and the tenant. The rent amount does not change until the lease or tenancy agreement expires. Changing the rent amount would require the landlord's consent.
Due to the above reasons, rent is classified as a fixed cost. It remains constant in the short run.
Answer:
rent
Explanation:
is the correct answer
Related Questions
among the benefits businesses provide to their communities are: multiple select question. goods and services higher taxes required for fire and police protection tax payments jobs
Answers
The benefits that businesses provide to their communities are:
goods and services tax payments jobsHow do businesses benefit communities?Business benefit the communities that they are in first and fore mostly by providing them with goods and services.
They also provide them with jobs which the people in the community can use to earn an income. Then there are the tax payments by the business which the community can use to better livelihoods.
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When taking out a loan, the shorter your term length, the _______ your monthly payments, and the _______ the total interest you will pay.
When taking out a loan, the shorter your term length, the _______ your monthly payments, and the _______ the total interest you will pay.
lower, higher
Answers
When taking out a loan, the shorter your term length, the higher your monthly payments, and the lower the total interest you will pay.
Loan can be defined as the money a person borrow or lend from a lender in which the person is expected to payback the loan amount at a stipulated period of time.
A borrower should note that the shorter their loan term length is the higher their monthly payment will be and on the other hand the lower or lesser their total interest they are to pay will be.
Therefore when taking out a loan, the shorter your term length, the higher your monthly payments, and the lower the total interest you will pay.
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1. a new billing specialist in the office tells you it is less costly to submit electronic claims directly to to the insurance carriers without using a clearinghouses? why do you think offices use clearinghouses? what are benefits?
Answers
Offices use clearinghouses for different reasons, consisting of the "scrubbing" of claims before they are communicated to a person carrier to ensure claims are clean.
Why do you think offices use clearinghouses?
In an office that conducts business with a large number of insurance carriers, it would be time-consuming to learn the transmission requirements of each carrier.
Adding to it, the main drawbacks of clearinghouses include no guarantees, costly, juggling multiple clearinghouses and HIPAA compliance problems.
Furthermore, the benefits of clearinghouses allow healthcare practices to communicate electronic claims.
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What is the purpose of making an estate plan?
to contribute to savings for retirement
to grow money quickly within a year or less
to make money to help pay for immediate expenses
to protect property for distribution after death
Answers
Answer:
Pretty sure it’s: To protect property for distribution after death
Explanation:
Answer: D. To protect property for distribution after death.
Explanation: Its right on Edg!
mergers and acquisitions typically have no impact on clients and customers of large, financially healthy firms.
Answers
It is false that mergers and acquisitions typically have no impact on the large financially strong firm's customers and clients.
A merger is basically an agreement that unites two existing companies into a new company. There are different types of mergers. An acquisition is basically when one company purchases most or all of another company's shares to attain control of that company. The impact of merger or acquisition on the customers could be positive or negative depending on the market and competition in the market.
Mergers may decrease or increase the choices available to consumers. Mergers sometimes improve product quality, which benefits consumers. A merger or acquisition may allow the remaining companies to implement coordinated price increases by eliminating competitors.
A merger between two money-losing retail stores might lead to a reduction in the number of items on sale as the combined entity reduces overhead costs and drives profits. Sometimes merger leads to happy customers by improving customer services.
Therefore mergers and acquisitions impact the clients and customers.
The complete question is given below:
"Mergers and acquisitions typically have no impact on clients and customers of large, financially healthy firms.
TrueFalse"
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as country incomes rises, what would you generally expect to happen to the burden of noncommunicable diseases as a share of the total disease burden? a. it should go up b. it should go down c. there is no consistent relationship between the two as country incomes rise d. it should stay about the same
Answers
Correct option is A. As country incomes rises, burden of noncommunicable diseases should go up.
Why does the burden of noncommunicable diseases go up when country income rise?
Additionally, the allocation of resources within societies is greatly impacted by urbanization and globalization, which frequently exacerbates health inequities based on geography and socioeconomic status.
Regionally, a research by Allender et al. in the Indian state of Tamil Nadu discovered substantial connections between the percentage of persons residing in urban regions and NCD risk factors.
According to this study, there is a link between urbanization and men's low levels of physical activity, smoking, BMI, and blood pressure. BMI and low levels of physical activity were strongly correlated with urban concentration in women. Education is important. The improved health literacy that follows from each extra year of formal schooling is at least partially responsible for this benefit.
The research suggests that socioeconomic status (SES) and health have a dynamic connection that is moderated by a nation's income level. SES and obesity frequently have a favorable correlation in less developed nations.
However, this correlation turns negative when a nation's GDP rises. In other words, higher SES groups likely to be at higher risk of acquiring obesity-related NCDs in poorer nations, whereas lower SES groups tend to be at higher risk in wealthier ones.
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Professional partnerships often organize as limited liability partnerships because they shield all partners (including the partner committing the wrongful act) from liability for any professional malpractice claims.
Answers
Professional partnerships are often regulated as limited liability partnerships because they protect all partners (including partners who misbehave) from liability for claims of professional malpractice, the statement is false.
Partnership is a type of business in which there is a formal agreement between two or more people that contains an agreement to become co-owners. Along the way, the parties who become co-owners distribute the responsibilities to each other to be able to run the organization and various income or losses that occur in the business.
The types of partnerships are as follows:
General PartnershipLimited PartnershipJoint Limited PartnershipBefore forming a partnership, you need to understand the following basics of a partnership:
Easy to form a business structure,Have minimum reporting requirements,Share control over business management,Have a legal agreement,There is a maximum number of members, andBound partnership continuity.You can learn more about Partnership here brainly.com/question/19988417
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6) consider the hedge fund index data provided in file. for equity long/short, run two regressions: (i) a univariate regression of the hedge fund index’s excess return on market excess return; and
Answers
The hedge fund index's excess goes back is regressed on unmarried factor marketplace extra go back. In this form of funding, the investor is thinking about a single unbiased variable known as marketplace extra go back to estimate the hedge fund index's extra return. The loading of the impartial variable relies upon the extent of its influence on the structured variable.
The hedge fund index's excess go-back is regressed on a couple of elements - market, size, cost, and momentum. The investor is the usage of multiple variables to estimate the extra return. The loadings on those factors depend on the level of influence that they have got at the established variable.
Alpha in regression is the intercept of the established variable. The alpha in multivariate regression might be distinctive from the alpha in univariate regression and it will likely be a better estimate of the established variable due to the fact many factors that affect the structured variable are considered in deriving the regression equation. the translation of multivariate alpha is much like univariate alpha i.e., they each provide the cost of the dependent variable while the values of the unbiased variables are made 0.
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When a bank says their savings account earns 1% interest, that typically means you will earn 1% interest over what period of time (Note: this is not referring to the compounding frequency or frequency of interest payment)?
When a bank says their savings account earns 1% interest, that typically means you will earn 1% interest over what period of time (Note: this is not referring to the compounding frequency or frequency of interest payment)?
Daily
Answers
When a bank says their savings account earns 1% interest, that typically means you will earn 1% interest over a period of one year.
What is a savings account?A savings account can tend to be defined as the account that enables people to save their money in which they then earn interest on the amount or money they saved which is why this type of account is often recommended to those that wish to save and at the same time want to earn interest.
When a financial institution states that saving account holder will earn 1% interest on the money saved this implies that the account holder will tend to earn 1% interest annually or yearly.
Therefore when a bank says their savings account earns 1% interest, that typically means you will earn 1% interest over a period of one year.
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a management process in which people in different parts of an organization share information throughout the development of a product or process is called .
Answers
A management process in which people in different parts of an organization share information throughout the development of a product or process is called: collaboration
Collaboration is a management process in which the members of an organization's work team share valuable information to obtain different points of view and approaches that can help achieve the goals and objectives set forth in the company's business plan in an efficient way.
What is a business plan?A business plan is a document in which the company establishes its objectives and goals along with the activities to be carried out to achieve these objectives and goals that have been set.
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Recently, the government announced that it would discontinue the production of a particular military aircraft. How will this decision affect the circular flow model?.
Answers
The income of households will decline, which will lower their purchasing power.
The circular flow model shows the movement of money in society. Money is sent back and forth between producers and employees in the form of wages and payments for goods. An economy is essentially an unending circle of money flow. The model is constructed in this manner, but actual cash flows are more intricate. To more accurately represent the complex modern economies, economists have included extra variables. These elements make up a country's national income or gross domestic product (GDP). The cyclic flow of income model is another name for the concept because of this. The circular flow model illustrates how money circulates in an infinite cycle from producers to households and back again.
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cash receipts from sales of property plant and equipment (ppe)are cash flows arising from?
Answers
Answer:
Investing activities
Explanation:
Investing activities refer to the activities of purchasing and selling long-term assets or other investment instruments. Cash flow from investing activities is among the three primary sources of a business's cash flows as recorded in a cash flow statement.
Other activities that are considered investing activities include
Acquisitions of other firms or businessesIncomes from the sale of other businesses Purchases or sale of marketable securities such as shares, bonds, etccamino registers for a consumer education course at her high school. she is likely to learn about all the following topics except
Answers
Camino registers for a consumer education course at her high school. she is likely to learn about all the following topics except how to prepare for a successful job interview.
This is further explained below.
What is a consumer education course?Generally, The term "consumer education" refers to a kind of instruction that may be discovered in the official school curriculum in a variety of subject areas across the board.
It draws on expertise from a broad range of disciplines, including economics, game theory, and political science.
In conclusion, Camino has made up his mind to sign up for the high school level consumer education course that is being provided there.
There is a significant probability that she will obtain information on all of the aforementioned difficulties; nevertheless, she will not receive knowledge on how to properly prepare for a job interview.
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When amazon says, "we want to be earth’s most customer-centric company," it is stating its code of ethics. True or false?.
Answers
Answer: If you research what it means when a company uses their code of ethnics, it means basically their statement of truth, technically an oath. Basically the answer is False. Hope this helps!
this wendy’s commercial confuses the notions of appreciation and consumer surplus. recall that consumer surplus is the difference between what a consumer is willing to pay for a good and what he or she actually pays for it. according to standard economic theory, consumer surplus must always be .
Answers
Standard economic theory states that consumer surplus must always be greater than zero. By neglecting the part that transaction costs play in human decision-making, we frequently simplify economic models. In addition to implicit transaction costs like the opportunity cost of the time spent looking for and buying a product, buying a good frequently entails explicit transaction costs like the cost of the gas used to drive to the store.
The economic concept of marginal utility, which is the additional enjoyment a customer receives from purchasing one more unit of an item or service, serves as the foundation for consumer surplus. According to each person's preferences, a good or service's utility differs from person to person. Because their marginal utility or additional benefit decreases as they have more of a good or service, consumers are typically less willing to pay for more of it. When a consumer is prepared to spend more on a specific product than the going rate on the market, this is known as a consumer surplus.
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analyzing transaction effects on equity would each of the following transactions increase, decrease, or have no effect on equity?
Answers
The effects on the transaction regarding the equity is mentioned as below.
What is EQUITY?The term equity refers to the ownership of the assets and bearing the liabilities as well. The amount of Equity is calculated by subtracting assets from the liability.
The increase, decrease, or have no effect on equity has the following transactions:-
a) Paid cash to acquire supplies, No effect on equity
b) Paid cash for dividend to shareholders, Decrease equity
c) Paid cash for salaries Decrease equity
d) Purchased equipment for casino effect on equity
e) Shareholders invested cash in business in exchange for common stock Increase equity
f) rendered service to customers on account Increase equity
g) Rendered service to customers for cash Increase equity
Therefore, it can be concluded that different transactions has the varied impact over the equity.
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Your question is incomplete, but most probably the full question was....
nicole has a hockey puck from the 2010 winter olympic games and puts it up for sale on ebay. she will only sell the puck if the winning bid is greater than or equal to $500 . after bidding closes, the last bid stands at $500 .
Answers
Since the last bid closes at $500, the Nicole's producer surplus is $0.
The difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade is defined as producer surplus. Producer surplus is a metric of producer well-being. A producer is always attempting to increase his producer surplus by selling more and more at higher prices. However, increasing the producer surplus indefinitely is impossible because at higher prices there may be little or no demand for goods.
Because the marginal cost of the first units of the good produced is low, the producer benefits the most from producing these units for sale at market price. Each additional unit costs more to produce because more and more resources must be diverted from alternative uses, increasing the marginal cost and reducing the net producer surplus for each additional unit.
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Type the correct answer in the box. Spell all words correctly.
Peter is planning his finances for the next couple of years. He wants to save money to eventually by a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down paymet
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the
phase of the financial life cycle.
Answers
Answer: initial stage
Explanation:
The initial stage of financial life cycle is simply the first stage or the beginning phase of the financial cycle. Since he want to save so that he can get a house, thus means that he wants to accumulate asset.
Furthermore, it should be noted that the initial phase of the financial life cycle typically begin at a young age of about 25 years.
Answer:
initial stage
Explanation:
Suppose a coefficient matrix for a system has pivot columns. Is the system consistent? why or why not?.
Answers
A coefficient matrix for a gadget has pivot columns. Is the system regular: yes. The machine is regular due to the fact with 3 pivots, there must be a pivot within the third (bottom) row of the coefficient matrix. The reduced echelon shape cannot incorporate a row of the form [000001].
A coefficient matrix is a matrix made up of the coefficients from a system of linear equations. An augmented matrix is similar in that it, too, is a coefficient matrix, but similarly, it is augmented with a column that includes the values at the proper-hand aspect of the equations of the linear device.
In linear algebra, a coefficient matrix is a matrix along with the coefficients of the variables in a fixed of linear equations. The matrix is used in fixing systems of linear equations.
In linear algebra, a coefficient matrix is a matrix that includes the coefficients of the variables in a set of linear equations. The matrix is used in fixing systems of linear equations.
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according to the real estate law, salespersons can receive commissions directly from a property seller
Answers
According to real estate law, salespersons can receive commissions directly from a property seller is known as redlining.
Salespeople is a plural shape of salesclerk—a person whose activity is to promote products or services. A much less normally used plural of the salesperson is salespersons. another time period for a salesperson is income rep (or sales representative).
A retail salesperson sells garments, vehicles, electronics, furnishings, or different merchandise directly to purchasers. he or she allows clients to discover what they may be seeking out in a store or other retail established order and receives them to make purchases by way of explaining how the products will gain them.
The five kinds of salespeople: Laydown-based sellers. Hand-off-based dealers. Prayer-based dealers.
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the doris dairy farm sells milk to a dairy broker in prairie du chien, wisconsin. because the market for milk is generally considered to be competitive, the doris dairy farm does not choose the
Answers
Doris's dairy farm sells milk to a dairy broker in prairie du chine, Wisconsin. because the market for milk is generally considered to be competitive, the Doris dairy farm does not choose the price at which it sells its milk.
Dairy products, also known as milk products, are food products made from (or containing) milk. Cows, water buffalo, nanny goats, and ewes are the most common dairy animals. Dairy products include common grocery store foods such as yogurt, cheese, and butter in the Western world. A dairy is a facility that manufactures dairy products. Dairy products are consumed to varying degrees around the world (see consumption patterns worldwide). Some people avoid dairy products entirely or in part due to lactose intolerance, veganism, or other health reasons or beliefs.
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Which of the following is a benefit that an employer might offer?
A. life insurance
B. “Take Your Child to Work” Day
C. a flexible spending account
D. supportive workplace
E. free lunch from local deli on Fridays
Answers
I think that the right answer is A
A benefit that an employer might offer to his employees is life insurance. Thus the correct option is A.
What is the importance of benefits provided by employers?
The benefit provided by the employer to employees makes them feel delighted with the organization. They will feel satisfied as the organization cares for its employees.
They will feel appreciated for the work they did and feel valued that their efforts are recognized by the employer for the growth of the organization.
Offering benefits to employees will lead to an increase in their productivity and boost their morale which helps them to gain encouragement and they will feel like the organization thinks about their health and well-being.
The benefits like life insurance provide security to the health of an employee for a lifetime and help them with health benefits that can last long after the job as well.
Therefore, option A is appropriate.
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mary (42) and roland (43) are married with no dependents. they will file separate returns for 2021. roland files his return first and claims total itemized deductions of $23,500. if mary chooses to claim the standard deduction rather than itemizing when she files her return, what is the maximum amount she may claim?
Answers
The maximum amount that Mary may claim is $0. See the explanation below.
What is the explanation for the above decision?Because if a married pair files separate returns, and one of the spouses utilizes itemized deductions in his or her return, the other must do the same. He or she is unable to use ordinary deduction.
As a result, Mary's maximum standard deduction claim is $0.
What is Standard Deduction?The standard deduction is a set monetary amount that minimizes the amount of income taxed. The total of the basic standard deduction plus any extra standard deduction amounts for age and/or blindness is your standard deduction.
What is tax returns?
A tax refund is a payment made to a taxpayer for any overcontribution paid to the federal or state governments.
While most taxpayers regard a refund as a windfall or a stroke of luck, it frequently reflects what amounts to an interest-free loan paid to the government by the taxpayer.
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In two or three sentences, briefly describe how your work values relate to the career
planning process.
Answers
Your work values relate to the career planning process as they are what motivate you in order to work and contribute to your overall work satisfaction and success.
A person's work values are the subset of their fundamental beliefs and ideas, which also includes the core principles that are an important part of who you are. This includes things like service, honesty, self-respect, respect for others, and success.
So work values tend to be related to the career planning process as these values tend to motivate one in order to work. Thus, such values can influence your career path and job satisfaction. Also, when a person is conscious of these core values it helps to find a job which brings joy.
Hence, work values are related to the career planning process.
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the ceo asks marci, a team leader, to attend the company’s leadership retreat and provide input for the 5-year strategic vision that they intend to announce at the end of the year. in which managerial function is marci participating?
Answers
Marci participating in Planning
What is planning?
Planning's main objective is to improve everyone's economic, physical, and mental health in our communities. Considerations for this include how we can get around our neighborhood, how to draw in and keep thriving businesses, where we wish to live, and the availability of recreational possibilities. Planning aids in building enduringly valuable communities.
While architects frequently concentrate on a single structure, a planner's role is to collaborate with locals and elected officials to direct the layout of a whole neighborhood or region. Planners adopt a broad perspective and consider how a community's components—buildings, roads, and parks—fit together like puzzle pieces. Then, planners offer suggestions for how the community should move forward.
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in arizona, what must the real estate commission determine within 15 days of receiving a completed public report for unsubdivided land?
Answers
A legitimate listing agreement or employment agreement must be in existence in order to prove that a real estate commission is owed payment for the services they provided in Arizona.
The commissioner shall draft and issue to the owner or agent a public report sanctioning the sale or lease of the unsubdivided lands in this state after inspecting the unsubdivided land unless there are grounds for denial. The report must include the information gathered in accordance with section 32-2195 as well as any other data the commissioner deems relevant to carry out the goals of this article.After receiving a certificate of administrative completeness from the commissioner, an owner may start the sales or leasing activities allowed by this article.
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Richard has $652 in his account and is planning a road trip. he looks at how expensive hotels and sightseeing costs are in certain cities, planning accordingly: city cost ($) detroit 196.87 pittsburgh 180.32 st. paul 102.87 cincinnati 155.81 richmond 211.86 when richard makes the calculations, he finds he does not have enough money to visit each city. what is the cheapest city that richard can drop to avoid overdrawing his account? a. richmond b. detroit c. pittsburgh d. cincinnati
Answers
The cheapest city that Richard can drop to avoid overdrawing his account is a. Richmond.
If Richard drops Richmond then he can each city. After dropping Richmond, the expense of Richard will be $196.87+$18.32+$102.87+$155.81= $635.87. After dropping Richmond the Richard can save $16.13.Richard can avoid overdrawing from his account if he drops Richmond city.When you don't have enough money in your account to cover a transaction but the bank nevertheless covers the transaction, this is known as an overdraft or overdrawing.Cost reduction is the process of cutting back on unneeded expenses to boost profits.
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Answer:
Answer is B
Explanation:
got it right on edg
Im answering them myself
Match the term to the correct definition
I got 100% on this quiz
hope I helped :)
1. combination of wage or salary and various benefits = Compensation
2. extra incentives given to employees to attract and keep them on staff = benefits
3. the department within a business that is responsible for all things worker-related = human resources
4. refers to the overall growth of the employees = development
5. includes hiring employees, vendors, or other businesses, as well as releasing employees from work = Staffing
6. an official statement of a complaint over something believed to be wrong or unfair = Grievance
7. the process of increasing the knowledge, skills and abilities of employees for doing work = Training
8. negotiation of wages and other conditions of employment by an organized body of employees = Collective Bargaining
9. payment for work = wage or salary
10. the relationship between the management of a company or organization and its workforce = Labor relations
Benefits
Collective Bargaining
Compensation
Development
Grievance
Human resources (HR)
Labor relations
Staffing
Training
Wage and Salary
Answers
The correct definitions matched with its corresponding terms are:
Benefits - extra incentives given to employees to attract and keep them on staff CollectiveBargaining - negotiation of wages and other conditions of employment by an organized body of employees.Compensation - combination of wage or salary and various benefits.Development - refers to the overall growth of the employeesGrievance - an official statement of a complaint over something believed to be wrong or unfairHuman resources (HR) - the department within a business that is responsible for all things worker-related.Labor relations - the relationship between the management of a company or organization and its workforce Staffing - includes hiring employees, vendors, or other businesses, as well as releasing employees from workTraining - the process of increasing the knowledge, skills and abilities of employees for doing work.Wage and Salary - payment for workWhat is labor?This refers to one of the factors of production which consists of the mental and physical effort directed towards production. The reward of labor Is wages and salary.
The human resources (HR) department is the department in an organization responsible for the welfare of workers.
So therefore, labor is a major factor of production needed for the efficiency and effectiveness of production in an organization.
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The definitions of some work-related terms and their correct matches are as follow:
Benefits - extra incentives given to employees to attract and keep them on staff Collective Bargaining - negotiation of wages and other conditions of employment by an organized body of employeesCompensation - combination of wage or salary and various benefitsDevelopment - refers to the overall growth of the employeesGrievance - an official statement of a complaint over something believed to be wrong or unfairHuman resources (HR) - the department within a business that is responsible for all things worker-related Labor relations - the relationship between the management of a company or organization and its workforce Staffing - includes hiring employees, vendors, or other businesses, as well as releasing employees from workTraining - the process of increasing the knowledge, skills and abilities of employees for doing workWage and Salary - payment for workWhat are some factors in work-related labor?Benefits and compensation ensure that workers feel motivated enough to keep working and they also attract better quality staff.
Staff should also undergo training as it would increase their knowledge and skills which would make them better workers and ensures their development. Human resources should be in charge of this as with other work-related activities.
Collective bargaining is then needed for workers to negotiate their wage and salaries and further labor relations.
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A business advertises that everything in the store is an additional 10% off the already reduced prices. marcus picks out 2 shirts that are on a 30% off rack. if the shirts are originally priced at $28.99 and $30.29 and there is 6% sales tax, how much does marcus end up paying for them? a. $39.59 b. $37.70 c. $37.35 d. $35.57 please select the best answer from the choices provided a b c d
Answers
The amount that Marcus end up paying for the two shirts originally priced at $28.99 and $30.29 will be $39.59.
Suppose the value of which a thing is expressed in percentage is "a'
Suppose the percent that considered thing is of "a" is b%
Then since percent shows per 100, thus we will first divide the whole part in 100 parts and then we multiply it with b so that we collect b items per 100 items.
Thus, that thing in number is
a/100 × b
For this case, we're given that:
Cost of two shirts originally is $28.99 and $30.29
30% is off on each of them, so we get:
New price of each shirt = Old price of each shirt - 30% of old price of each shirt
New price of each shirt = 28.99- 28.99/100 × 30 and 30.29 - 30.29 / 100 × 30
This sums up to $41.496
Now, at this price, there'd be application of 10% additional discount.
That will make the new price as:
41.496 - 41.496/100 × 10 = 37.3464
Now, on this price, there'd be applied 6% sales tax
So, the amount he paid for 2 shirts = discount price + 6% tax on discounted amount
37.3464 + 37.3464/ 100 × 6= 39.59 dollars
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Mary ellen plans to invest 18000, putting part of the money x into a savings account that pays 5% annually and the rest into an account that pays 8% annually
Answers
Based on the amount that Mary Ellen plants to invest into the savings account and other account, an equation that describes the total interest received from both accounts is 1,440 - 0.03x
What equation represents the interest received?The interest that Mary Ellen will get from the first investment is:
= Amount invested in savings x 5%
Assuming that the amount invested at 5% is x, the equation for interest received is:
= 5% × x
= 0.05x
The amount invested in the other account is:
= 18,000 - x
Interest from this account is:
= (18,000 - x) x 8%
= 1,440 - 0.08x
The total interest is:
= (1,440 - 0.08x) + 0.05x
= 1,440 - 0.03x
Rest of the question is:
If Mary Ellen invests x dollars at 5%, write an equation that describes the total interest I received from both accounts at the end of one year.
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