Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on May 19, 2024

An onlinemarathon fund raisercontinues as long as donations keep coming in.The first hour costs $1.00, and then the cost per hour goes up by 3%

An onlinemarathon fund raisercontinues as long as donations keep coming in.The first hour costs $1.00, and then the cost per hour goes up by 3% every hour.Suppose the fundraiser lasts for 104 hours. Please show steps.

(1)How much will be raised in the last hour?Enter your answer rounded to two decimal places. (Correct response210.01)

(2)How much will be raised in total?Enter your answer rounded to two decimal places. (Correct response687.6910)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cases in Financial Reporting

Authors: Michael J. Sandretto

1st edition

538476796, 978-0538476799

More Books

Students also viewed these Finance questions

Question

An onlinemarathon fund raisercontinues as long as donations keep coming in.The first hour costs $1.00, and then the cost per hour goes up by 1% every hour.Suppose the fundraiser lasts for 111 hours....

Answered: 1 week ago

Question

The Brew House needs to decide which of two coffee maker designs is better environmentally. Using the following tables, determine which model is the better design aEternative. Revenue retrieval for...

Answered: 1 week ago

Question

Do Homework - Chapter 10 Homework - Google Chrome X "mylab.pearson.com/Student/PlayerHomework.aspx?homeworkld=659493833&questionld=1&flushed=false&cld=7584450¢erwin=yes BUS 505 Multinational...

Answered: 1 week ago

Question

★★★★★

The PredatoryCreditCard class provides a processMonth( ) method that models the completion of a monthly cycle. Modify the class so that once a customer has made ten calls to charge during a month,...

Answered: 1 week ago

Question

★★★★★

1. In 2005, Matthew purchased land for $97,000 for use in his business. He sold it in 2015 for $103,000. What are the amount and type of gain on this sale, before netting of any other gains and/or...

Answered: 1 week ago

Question

★★★★★

Determine the forces in all bars of the trusses. Indicate tension or compression. B 16 kips 9' 24 kips C 9 60 kips D H + 9' 36 kips E G 9' 24 kips 12

Answered: 1 week ago

Question

★★★★★

1.4 Discrete or Continuous? Identify each quanti- tative variable as discrete or continuous. a. Number of boating accidents along a 50-kilometre stretch of the St. Lawrence River b. Time required to...

Answered: 1 week ago

Question

★★★★★

Sager Company manufactures variations of its product, a technopress, in response to custom orders from its customers. On May 1, the company had no inventories of goods in process or finished goods...

Answered: 1 week ago

Question

★★★★★

q1) 2 mol ideal gas, , = 7 , at an initial state of 100 kPa and 50 dm3 is heated to 200 kPa 2 by isochoric process. After that the ideal gas is compressed to 25 dm3 under isobaric process. Calculate...

Answered: 1 week ago

Question

★★★★★

Select the three primary disadvantages of the statement of financial position. (Select all that apply.) A The balance sheet aids in assessment of the riskiness of the entity in that it can be used to...

Answered: 1 week ago

Question

★★★★★

Part D Consider the function, m (x 3) f(x) = (x+5) (x 8) where m represents a real number. #9 Using what you know about rational functions, what is the equation of the horizontal asymptote? #10 Use...

Answered: 1 week ago

Question

★★★★★

Forten Company's current year Income statement, comparative balance sheets, and additional Information follow. For the year. (1) all sales are credit sales, (2) all credits to Accounts Receivable...

Answered: 1 week ago

Question

★★★★★

Compose a thoughtful response to the original post with a reference source and link, This week I'd like to dive into the company Amazon, and how they implement information systems for strategic...

Answered: 1 week ago

Question

★★★★★

Brief the following case by using FILAR for structure and discuss the legal rules that applied to each issue and the reasons for the decision. Wright v. McArthur, 2005 BCSC 1797 case in a document...

Answered: 1 week ago

Question

★★★★★

9. A dual cycle operates with an air intake of 1 bar and 50C. The compression ratio is 15:1 and the maximum pressures and temperatures reached in the cycle are 75 bar and 2200C. (a) Sketch a p-V and...

Answered: 1 week ago

Question

★★★★★

The following standards for variable manufacturing overhead have been established for a company that makes only one product: Standard hours per unit of output 8.6 hours Standard variable overhead...

Answered: 1 week ago

Question

★★★★★

Write each fraction as a percent. 7 50

Answered: 1 week ago

Question

★★★★★

Q 19.6. Consider a firm with 81 shareholders. 80 of them, including yourself, each own one share worth $10/share. In addition, I own 20 shares (for a firm total of 100 shares) and I am trying to fire...

Answered: 1 week ago

Question

★★★★★

Q 19.2. What should be the stock market reaction to the announcement of a split in a perfect market?

Answered: 1 week ago

Question

★★★★★

Q 19.3. What are the two kinds of repurchase programs?

Answered: 1 week ago

Previous Question Next Question