Solve. -Michaelʹs Bank Contains Only Nickels, Dimes, and Quarters. There Are

question 32

Multiple Choice

Solve.
-Michaelʹs bank contains only nickels, dimes, and quarters. There are 59 coins in all, valued at $4.75. The number of nickels is 1 short of being three times the sum of the number of dimes and quarters
Together. How many dimes are in the bank?

• A) 44
• B) 7
• C) 8
• D) 13

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Definitions:

Operating Leases

Leases used for short-term leasing of assets, where the lessee does not assume the risk of ownership, and the asset will be returned to the lessor at the end of the lease term.

Asset Turnover Ratio

A financial metric that measures the efficiency of a company's use of its assets to generate sales revenue, calculated by dividing sales revenue by the average total assets.

Operating Lease

Operating lease is a contract that allows for the use of an asset but does not convey rights of ownership of the asset.

Capital Lease

A leasing arrangement in which the lessee records the leased asset as if it was a purchase, reflecting it on their balance sheet as an asset and a corresponding liability.