Penelope earned P25,000 from her summer job and invested all of itinto three business ventures: A, B, and C. After one year, shereceived a total of P1,620 in simple interest from the three ventures.It was found out that she earned 6% from Venture A for that year.Meanwhile, Venture B paid 7%, and Venture 3 paid 8%. She investedP6,000 more invested in B than in Venture C.Using the augmented matrix obtained from the previous number,perform Gaussian elimination (Upper triangular matrix) to solve forthe amount invested in A,B,C. Fill in the matrix below (answer infractional form):Venture AVenture B0Venture C

Interest on principal amount :- Principal amount * rate of interest * time From the give…

Using the augmented matrix obtained from the previous number, perform Gaussian elimination (Upper triangular matrix) to solve for the amount invested in A,B,C. Fill in the matrix below (answer in fractional form):

Using the augmented matrix obtained from the previous number, perform Gaussian elimination (Upper triangular matrix) to solve for the amount invested in A,B,C. Fill in the matrix below (answer in fractional form):

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: Cash flow Asset End of Year Amount Appropriate required return $ 7,000 7,000 7,000 A 1 9% 3 В 1…

A: Present Value: The present value is the value of cash flow stream or the fixed lump sum amount at…

Q: What is the Economic Value Added (EVA) method? Provide a definition, state a formula, and define all…

A: Economic Value Added (EVA): EVA also called economic profit is a measure of the financial…

Q: Fill out the percentages column and the yellow and green bottom. Need verification. Show…

A: Income statement is the financial statement prepared for analyzing the profitability of a company.

Q: 6. Determine the exponential form of the Fourier series of these signals, and draw the amplitude and…

A: Solution

Q: Consider the following financial data from the past year for Midwest Outdoor Equipment Corporation.…

A: Financial Ratios: These are defined as the numerical figures that establish a relationship between…

Q: For each of the following, compute the future value.

A: Future Value (FV)= To determine value of cash flow at a future date. Formula used to determine…

Q: What are two ways to calculate returns for a holding period?

A: It is also called as HPR, which states to the total returns during a period for which a investment…

Q: Given the function f(x) each of the following. A) Evaluate f(-10) Note: Round your answers to two…

A: According to bartleby guidelines , if question involves multiple subparts , then 1st sub 3 parts…

Q: what are the three probability ratios equations?

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: (d) Based on (c), what will be the ending balance in AFDA? What is net realizable value of A/R?

A: Accounts Receivables - Accounts Receivables are the amount unpaid by the customer for the service…

Q: All of the following items would appear on the balance sheet except Select one: O a. current…

A: A balance sheet is one type of financial document that shows a company's financial situation as of a…

Q: The CAPM model can be used to derive the cost сapital. A. Equity B. Borrowed С. Total D. Unlimited

A: The CAPM (capital assets pricing model) is a technique that helps to derive the cost of capital with…

Q: In(n) In(1+r)

A: The natural logarithm (ln) of a number is its logarithm to the base e, where e is euler's number…

Q: What is the prediction of the change following the next change? (Give your answer in decimals)

A: As already calculated the next change prediction was 0.0742 On the basis of this figure we wll…

Q: Define each of the following terms: d. Modified internal rate of return (MIRR) method

A: Modified Internal Rate of Return (MIRR): The modified internal rate of return (MIRR) method…

Q: can you now calculate the gross profit ?

A: Gross profit can be defined as the net sales revenue earned by business over a particular period of…

Q: What is a prime factorization? A) Expressing a number as a product of its prime factors B)…

A: Prime factorization is a process in mathematics. It involves expressing a number as a product of its…

Q: Match each term with the best definition or descriptor. NPV is __________ ( a unitless ratio, a…

A: Solution:- Net Present Value (NPV) means the net present value of cash inflows after the deduction…

Q: HOW I CAN CALCULATE A % OF A DECIMAL.

A: Percentage of decimal means that you have to calculate out of hundred.

Q: Distinguish between the following measures of invested capital, and briefly explain when each should…

Q: How does the exponent (9) go from 9 to 1/9. Why are we using a fraction? How did we decide that? How…

A: The problem involves solving for the interest rate when an amount of $2,694 is kept at the…

Q: The left side of an account is: Group of answer choices: either an increase or a decrease…

A: Account: It implies to a record that is maintained so as to keep the data related to the financial…

Q: Finish the formula for Simple Interest. I = Simple intrest, P = Principle, R = rate and T = time.

A: Simple interest is the simplest method of calculating the interest charged on the loan. The simple…

Q: Outline a quick method of multiplying a decimal by 100.

Q: M Dening investment and trade-in opening investment by 2 and ad ng closing investment from the

A: Answer :Option D. Subtracting closing investment from the opening and dividing by 2 is correct…

Q: 2 decimals places are needed to answer this question.

A: According to Black Scholes Model, the option value is calculated as shown below.

Q: A system is described by the action S[r, r'] = [ dt (x² + 4rª + mr³4), r(t) where m is a constant.…

Q: Give an example assuming that the Compounding Period equals to Payment Period?

A: The representation on the basis of assumption:

Q: Could you please show the breakdown of NPV calculation for each fraction

A: Net Present Value: It represents a profitability measure for an investment or a project. The…

Q: Find at least the first four nonzero terms in a power series expansion about x = 0 for a general…

A: Step 1: Step 2: Step 3: Step 4:

Q: in Step 4, do you multiply or divide? I am not arriving at the same number.

A: PE Ratio is calculated by dividing the market price per share by earnings per share. Please find…

Q: The term (1 + i)" is called a factor and is known as the single-payment compound amount factor.…

A: Future value of money can be calculated as F=P * (1+i)n (1+i)n is called a factor and this factor…

Q: State any three(3) statements with why the Last in First out (LIFO) has an edge over First in First…

A: LIFO, Last-In-First-Out is a inventory valuation method used to value inventories. As per the…

Q: Calculate the current ratio

A: The current ratio is the ratio of current assets to the current liabilities. It shows the ability of…

Q: Describe the process of computing the PW for this infinite series which is reffered to as the…

A: An infinite series of cash flows is also known as “perpetuity”. In the case of perpetuity, a fixed…

Q: For 2a, what is the final answer for amounts

A: COGS stands for Cost of goods sold which refers to the carrying value of the goods that are sold…

Q: What is a mathematical term that is on display when using the fractional reserve?

A: Fractional reserve banking is defined as the system, where the fraction of the bank deposits that…

Q: Which equation can be solved by using this system of equations? y=3x^(3)-7x^(2)+5 y=7x^(4)+2x

A: It is a problem that requires solving two equations of Y given as a function of X. It is to be…

Q: Define each of the following terms:f. Residual value

A: Introduction: Residual value is one of the elements of leasing computation or process. It defines…

Question

Penelope earned P25,000 from her summer job and invested all of it
into three business ventures: A, B, and C. After one year, she
received a total of P1,620 in simple interest from the three ventures.
It was found out that she earned 6% from Venture A for that year.
Meanwhile, Venture B paid 7%, and Venture 3 paid 8%. She invested
P6,000 more invested in B than in Venture C.
Using the augmented matrix obtained from the previous number,
perform Gaussian elimination (Upper triangular matrix) to solve for
the amount invested in A,B,C. Fill in the matrix below (answer in
fractional form):
Venture A
Venture B
0
Venture C

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

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Do the following: (1) Assign a formula to (1) Tot. current assets, (2) Net fixed assets, (3) Total assets (2) Do the same to other cells if they are calculated. This can vary depending on YOUR financial statements FIN CF and Toves Last Namo vlex (sheet name:
Capitalizing a cost means to record the cost into a(n) a. contributed capital. Ob. asset. С. expenditure. d. income statement. A Moving to the next question prevents changes to this answer.
Use the given conditions to write an equation for the line in point-slope form and in slope-intercept form.
Internal Rate of Return of Project B (expressed to two decimal places) using interpolation.
Define the terms working capital, current ratio, and acid-test ratio (or quick ratio).
Please explain calculation of transaction b) Where the value 612 is coming
Used this basic formula.
Summarizes the process of performing incremental inves1ment analysis?
Please help me. Thankyou
What is the rule again to get rid of a power when solving? For example: (1+r)^2=2 = (1+r)=2^1/2 Do you just divide the powers on both sides by the one you need to get rid of?
Solve this early I upvote