Corporation's budgeted monthly sales are $5,000, and they are constant from month to month. Its customers pay as follows: 40% pay in the first month and take the 2% discount, while the remaining 60% pay in the month following the sale and do not receive a discount. The firm has no bad debts. Purchases for next month's sales are constant at 50% of projected sales for the next month. "Other payments," which include payments for wages, rent, and taxes, are 25% of sales for the month. Construct a cash budget for a typical month and calculate the average cash gain or loss during the month. a. $1,092

answer: 1 and 3

step-by-step explanation:

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step-by-step explanation:

step-by-step explanation:

{x = -1/2 ,   y = -1

step-by-step explanation:

solve the following system:

{2 x + y = -2

{10 x - 3 y = -2

in the first equation, look to solve for y:

{2 x + y = -2

{10 x - 3 y = -2

subtract 2 x from both sides:

{y = -2 x - 2

{10 x - 3 y = -2

substitute y = -2 x - 2 into the second equation:

{y = -2 x - 2

{10 x - 3 (-2 x - 2) = -2

10 x - 3 (-2 x - 2) = (6 x + 6) + 10 x = 16 x + 6:

{y = -2 x - 2

{16 x + 6 = -2

in the second equation, look to solve for x:

{y = -2 x - 2

{16 x + 6 = -2

subtract 6 from both sides:

{y = -2 x - 2

{16 x = -8

divide both sides by 16:

{y = -2 x - 2

{x = -1/2

substitute x = -1/2 into the first equation:

{y = -1

{x = -1/2

collect results in alphabetical order:

answer:   {x = -1/2 ,   y = -1