Question 1

Andy, Candy, and Sandy agree to split the annual cost of $3,600 for high speed internet for the apartment they share. If the three roommates agree to allocate the cost of the service and their usage of the monthly download allowance in the ratio 4 : 7 : 9, respectively:

a.What is the cost per month for the service that each roommate is responsible for?

Andy's cost?

Candy's cost?

Sandy's cost?

See Table

TABLE 3.2 Currency Cross Rates (Noon ET, Toronto, February 25, 2016) Per C$ Per US$ Per E Per * Per E Per Sw fr Per A$ Canadian dollar (C$) 1.3576 1.4968 0.01205 1.8914 1.3719 0.9784 US dollar (US$) 0.7366 1.1027 0.008877 1.3933 1.0106 0.7207 Euro (E) 0.6681 0.9069 0.008051 1.2637 0.9166 0.6537 Japanese yen (F) 82.9876 112.6556 124.2158 156.9612 113.8563 81.1688 British pound (f) 0.5287 0.7177 0.7913 0.006371 0.7253 0.5173 Swiss franc (Sw fr) 0.7289 0.9895 1.0910 0.008783 1.3787 0.7132 Australian dollar (A$) 1.0221 1.3875 1.5298 0.01232 1.9333 1.4022 Source: Bank of Canada