Solve the Problem. -Jamil Always Throws Loose Change into a Pencil Holder on Pencil

question 92

Multiple Choice

Solve the problem.
-Jamil always throws loose change into a pencil holder on his desk and takes it out every two weeks. This time it is all nickels and dimes. There are 5 times as many dimes as nickels, and the value of the dimes is $2.70 more
Than the value of the nickels. How many nickels and dimes does Jamil have?

• A) 7 nickels and 35 dimes
• B) 5 nickels and 25 dimes
• C) 6 nickels and 30 dimes
• D) 30 nickels and 6 dimes

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Definitions:

Capital Budgeting

The process a business undertakes to evaluate potential major projects or investments, analyzing the cash inflows and outflows to determine whether the returns meet a sufficient target benchmark.

Capital Structure

The mix of a company's long-term debt, specific short-term debt, common equity, and preferred equity which finances its overall operations and growth.

Net Working Capital

It represents the disparity between an organization's short-term holdings and debts, signifying the state of its financial wellbeing and efficiency in operations.

Dealer

An individual or firm in the financial markets that buys and sells securities for their own account, rather than on behalf of clients.