Tutors Answer Your Questions about Finance (FREE)
Question 292674: Michelle was working as a clerk in a clothing store. She made a mistake and charged the wrong sales tax. She should have charged 5%, but she charged 6%. The total amount of money she collected for the day, including sales tax, was $620.10. How much money would she have collected if she charged the correct sales tax?
Click here to see answer by ankor@dixie-net.com(22740)   |
Question 293048: Please help! Thank u!
*Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z?
Click here to see answer by stanbon(75887) |
Question 293350: I am having difficulty factoring (x^16 - 1). The following is my attempt, will someone please help me with this? My previous post was incorrect regarding initial problem, sorry for any possible confusion. Thanks,
x16 – 1
(x4)4 – 1
(x4 – 1)(x4 + 1)
(x2 – 1)(x4 + 1)(x4 – 1)
(x2 – 1)(x2 + 1)(x4 – 1)
(x+1)(x-1)(x2 + 1)(x4 + 1)
Click here to see answer by Earlsdon(6294) |
Question 293349: I am having difficulty factoring (x^4 - 1). The following is my attempt, will someone please help me with this? Thanks,
x16 – 1
(x4)4 – 1
(x4 – 1)(x4 + 1)
(x2 – 1)(x4 + 1)(x4 – 1)
(x2 – 1)(x2 + 1)(x4 – 1)
(x+1)(x-1)(x2 + 1)(x4 + 1)
Click here to see answer by helpnalgebra(91)  |
Question 295276: (Cash budget) The Sharpe Corporation’s projected sales for the first eight months of 2004 are as follows:
January $ 90,000 May $300,000
February 120,000 June 270,000
March 135,000 July 225,000
April 240,000 August 150,000
Of Sharpe’s sales, 10 percent is for cash, another 60 percent is collected in the month following sale, and 30 percent is collected in the second month following sale.
November and December sales for 2003 were $220,000 and $175,000, respectively. Sharpe purchases its raw materials two months in advance of its sales equal to 60 percent of their final sales price. The supplier is paid one month after it makes delivery. For example, purchases
for April sales are made in February and payment is made in March.
In addition, Sharpe pays $10,000 per month for rent and $20,000 each month for other expenditures.
Tax prepayments of $22,500 are made each quarter, beginning in March.
The company’s cash balance at December 31, 2003, was $22,000; a minimum balance of $15,000 must be maintained at all times. Assume that any short-term financing needed to maintain the cash balance is paid off in the month following the month of financing if sufficient funds are available.
Interest on short-term loans (12 percent) is paid monthly. Borrowing to meet estimated monthly cash needs takes place at the beginning of the month. Thus, if in the month of April the firm expects to have a need for an additional $60,500, these funds would be borrowed at the beginning of April with interest of $605 (.12 × 1/12 × $60,500) owed for April and paid at the beginning of May.
a. Prepare a cash budget for Sharpe covering the first seven months of 2004.
Click here to see answer by richwmiller(17219)  |
Question 295460: Hi I am just learning algebra and having hard trying to translate these into algebraic symbols. These are a little more difficult than what I am used to working with. Can you please assist me with these two.
Eight less than π times a number equals the number’s reciprocal
The quotient of a number and ten is greater than the sum of that number and thirteen
Thx
Lauren
Click here to see answer by Earlsdon(6294) |
Question 295827: Math obviously is not my strong point especially when it comes to compound interest.
If I invest $1000 on May 18th in a savings account that pays 10% interest compounded every month, and I invest $1000 (on the same day) in an account which pays 10% interest that is compounded continuously:
(a) Which will be worth more in one year?
(b) By how much?
Eric
Click here to see answer by solver91311(24713)  |
Question 296092: Ok, one last one that I need help on. I get really stuck and frustrated on word problems and this one is overwhelming me. thxs Lauren
A new farm pond was stocked with 2500 crappies in 2003. The crappie population in 2006 was found to be 4320.
a) Let t be the number of years after 2003 (in other words t = 0 corresponds to 2003). Write down the initial crappie population at t = 3.
b) Find the growth function of the form f(t) = y0 bt that gives the crappie population t years after 2003. The function you have found models _________________________.
c) Predict the crappie population in 2010.
d) In what year will the crappie population reach 13,000? Give the exact value for t and then use your calculator to approximate t to get the year.
e) Are your answers for (c) and (d) consistent with the given population data in your answer to (b)?
Click here to see answer by stanbon(75887) |
Question 296097: I worked these two problema and wanted someone to check to see if I have the right answer for simplifying these equations.
(1-2)^3 + (-3)^2 / (2+10/2) -5 For this I got and answer of -10
10 + sqrt(16-9) / (4/2)^3 For this I got 1.5807
Do these seem correct?
Holly
Click here to see answer by stanbon(75887) |
Question 296097: I worked these two problema and wanted someone to check to see if I have the right answer for simplifying these equations.
(1-2)^3 + (-3)^2 / (2+10/2) -5 For this I got and answer of -10
10 + sqrt(16-9) / (4/2)^3 For this I got 1.5807
Do these seem correct?
Holly
Click here to see answer by rfer(16322) |
Question 296103: Hi I was wondering if someone can check to make sure I got the right answers on these two for inequalities
x - (-4)^3x + 1 > 12 I got x >5.909
4 - 3x < 6 - x I got x <0
Are these correct? Any help would be appricated.
Holly
Click here to see answer by Alan3354(69443)  |
Question 296106: Ok one last one that I would like someone to see if I have the correct answer. Also I have to graph this and not sure how to do that part.
Parallel to 6x - 4y + 12 =0, and passing through the line x = 3
I got y =7.5 when you put 3 in for x
Thanks,
Holly
Click here to see answer by Alan3354(69443) |
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