Tutors Answer Your Questions about Finance (FREE)
Question 1194812: Jack will need R20000 to buy his brother's car in two year's time. He wants to start saving part of his weekly salary into an account that returns 8,5% interest per year, compounded weekly calculate the minimum weekly payment that he needs to make into this investment account to have enough in two year's time
Click here to see answer by Theo(13342)   |
Question 1194935: Solve the following practical application. Provide a systematic solution with illustrations
a) Two sides of a triangle are 50 meters and 60 meters long. The angle included between these sides is 30 degrees. What is the interior angle (in degrees) opposite to the longest side?
Click here to see answer by josgarithmetic(39617) |
Question 1194940: Solve the following practical application. Provide a systematic solution with
illustrations
Two trains start at the same time from the same point and move along straight railways, which intersect at an angle of 74° 30’ at rates of 30km/h and 40 km/h, respectively. How far apart are they at the end of 45 minutes
Click here to see answer by Alan3354(69443)  |
Question 1194937: Solve the following practical application. Provide a systematic solution with
illustrations
A building 20 meters high stands on the top of a hill. Form a point at the foot of the hill,
the angles of elevation to the top and bottom of the building are 41° 27′ and 37°22′,
respectively. Find the height of the hill?
Click here to see answer by josgarithmetic(39617) |
Question 1194937: Solve the following practical application. Provide a systematic solution with
illustrations
A building 20 meters high stands on the top of a hill. Form a point at the foot of the hill,
the angles of elevation to the top and bottom of the building are 41° 27′ and 37°22′,
respectively. Find the height of the hill?
Click here to see answer by ikleyn(52781)  |
Question 1194937: Solve the following practical application. Provide a systematic solution with
illustrations
A building 20 meters high stands on the top of a hill. Form a point at the foot of the hill,
the angles of elevation to the top and bottom of the building are 41° 27′ and 37°22′,
respectively. Find the height of the hill?
Click here to see answer by math_tutor2020(3817) |
Question 1194936: Solve the following practical application. Provide a systematic solution with
illustrations
A geodetic engineer wishes to find the distance across a river from point A to B. He finds that the distance from A to a point C on the same side of the river is 200 meters and the angles BAC and BCA are 59°23’ and 48°17’, respectively. Find the distance AB.
Click here to see answer by Edwin McCravy(20055)  |
Question 1194955: Mr. and Mrs. Jackson invested some money at 6% simple interest and some money at 10% simple interest. In the second investment they put $1000.00 more than they put in the first. If the income from both investments for 1 year was $340.00, then how much did they invest at each rate?
Click here to see answer by Theo(13342) |
Question 1194967: Edward buys chicken bites (less quantity) for $22.79 and adds some fries for $5.09. His friend Dave comes along and asks to order some food too (more quantity). Dave buys 2 lbs of wings for 31.99 and also adds wedges for $4.09. Edward and Dave chip in together each with $40. The total is 76.77 and they let the deliveryman keep the change. Does Dave owe Edward anything?
Click here to see answer by greenestamps(13200)  |
Question 1194967: Edward buys chicken bites (less quantity) for $22.79 and adds some fries for $5.09. His friend Dave comes along and asks to order some food too (more quantity). Dave buys 2 lbs of wings for 31.99 and also adds wedges for $4.09. Edward and Dave chip in together each with $40. The total is 76.77 and they let the deliveryman keep the change. Does Dave owe Edward anything?
Click here to see answer by math_tutor2020(3817) |
Question 1194920: 1. If p, q, r are three points of a line and the coordinates of p and r are √3 and -√18, what is the coordinate of q given that pq = qr.
2. p, q, and r are three points of a line with coordinates x, y, and z in that order. If |x - z| + |z- y| = |x-y|, which point lies between the other two? Explain your answer
3. If p,q, and r are three points on a circle, can you identify which point is between the other two? Discuss.
Click here to see answer by ikleyn(52781) |
Question 1194971: In the same credit card, for the month of December, the customer plans
to purchase on Dec 05 an item worth PhP 15,000 and make periodic
payments of PhP 4,000 every Monday thereafter. What will be the O/S
Balance on January 01, 2021?
Click here to see answer by ikleyn(52781) |
Question 1194970: The US inflation rate is steady at 6.1%. If John expects an amount of USD
200,000.00 for his retirement in 2030, calculate the purchasing power of
this amount. Will he be able to buy a house that’s worth about USD
100,000.00 today?
Click here to see answer by ikleyn(52781) |
Question 1194969: You purchased a laptop computer worth PhP 37,500 by a 30% down
payment and agreed to repay the balance in 12 equal monthly payments.
There is a 10% simple interest rate on this balance.
Find the finance charge
Find the amount of monthly payments
Estimate the APR
Click here to see answer by math_tutor2020(3817) |
Question 1194973: Suppose we have a credit card company that sets the due date every 1st month. If its annual interest rate is 24%, what will be the finance charge (interest) and outstanding balance on Dec 01?
The ADB in this credit card for the November billing period is PhP 14,422.07.
So the finance charge for this billing period would be:
Monthly Interest = ADB x Monthly Rate
= 14,422.07 (0.02)
= 288.44
So the outstanding balance (OS) for the next billing period is
OS = Last Daily Balance + Finance Charge
= 1,607.80 + 288.44
= 1,896.24
important question: On the same credit card, for December, the customer plans
to purchase on Dec 05 an item worth PHP 15,000 and make periodic
payments of PhP 4,000 every Monday thereafter. What will be the O/S
Balance on January 01, 2021?
Click here to see answer by ikleyn(52781) |
Question 1194939: Solve the following practical application. Provide a systematic solution with
illustrations
A surveyor running a line due east reached the edge of a swamp. He then ran a line 610 meters in a direction S 39° E, and from the point thus reached he ran a line in the direction of N 60° W. How far had he continued on this latter line when he reached a point on the original line extended?
Click here to see answer by ikleyn(52781) |
Question 1194938: Solve the following practical application. Provide a systematic solution with
illustrations
One side and a diagonal of a parallelogram are 6cm and 9 cm, respectively. The angle
between the diagonals and opposite the given side is 115° 14’. Find the length of the
other diagonal?
Click here to see answer by ikleyn(52781) |
Question 1195003: A business receives an amount of revenue that it wants to split fairly between it's equity owners. There are two types of equity owner. Managers and Advisors. The Managers should receive X times more than the advisors (let's say 5 times more)
We need a solution where we can input the number of managers, number of advisors, the total amount of revenue and get the amount to pay each type of owner individually.
(Each Manager member receives the same and each advisor member receives the same)
Click here to see answer by Boreal(15235)  |
Question 1194790: A packaging device is set to fill detergent packets with a mean weight of 150 grams. The standard deviation is known to be 5.0 grams.It is important to check the machine periodically because if it is overfilling it increases the cost of the materials , whereas if it is under filling the firm is liable to prosecution. A random sample of 25 filled boxes is weighed and shows a mean net weight of 152.5 grams. Can we conclude that the machine is no longer producing the 150 grams quantities? Use 5% significant.
Click here to see answer by Boreal(15235) |
Question 1195048: Suppose that, in 2006, Poland produced 6.382 million bikes. The total world production that year totaled 158 million bikes. What percent of the world's total production of bikes is contributed by Poland? Round your answer to the nearest tenth of a percent.
Click here to see answer by josgarithmetic(39617) |
Question 1195102: The Paduka Shoe Company sells five different styles of ladies chappals with identical costs and
selling prices. The company is trying to find out the profitability of opening another store, which
will have the following expenses and revenues:
Per pair
Selling price Tk. 30.00
Variable cost Tk. 19.50
Salesmen’s commission Tk. 1.50
Total Variable cost Tk. 21.00
Annual fixed expenses are:
Rent Tk. 60,000
Salaries Tk. 2,00,000
Advertising Tk. 80,000
Other fixed expenses Tk. 20,000
Tk. 3,60,000
a. Calculate the annual Break-Even point in units and in value. Also determine the profit or
loss if 35,000 pairs of chappals are sold.
b. The sales commissions are proposed to be discontinued, but instead a fixed amount of
Tk. 90,000 is to be incurred in fixed salaries. A reduction in selling price of 5% is also
proposed. What will be the Break-Even points in units?
c. It is proposed to pay the store manager 50 paisa per unit as further commission. Selling
price is proposed to be increased by 5%. What would be the Break-Even points in units?
d. Refer to the original data if the store manager were to be paid 30 paisa commission on
each pair of chappal sold in excess of Break-Even point, what would be the store’s net
profit, if 50,000 were sold?
Click here to see answer by ikleyn(52781) |
Question 1195095: A firm sells the same material with two separate payment plans
1. According to the 1st payment plan, the payment period is 12 months, each monthly payment is 10 837 000 TL, and an interim payment(Ara Ödeme) of 12 million TL is required at the end of the 6th month.
2. In the 2nd payment plan, the payment period is 18 months, each monthly payment is 7 965 000 TL and an interim payment (Ara Ödeme) of 36 million TL is required at the end of the 12th month. Annual nominal interest rate for both options is 60%. Which payment plan would you recommend? In payments, discrete compound interest is applied
Click here to see answer by ikleyn(52781) |
Question 1194692: A light at eye level stands 20 ft. from a house and 15 ft. from the path
leading from the house to the street. A man walks along the path at 6
ft.per sec. How fast does his shadow more along the wall when he is 5 ft.
from the house?
Click here to see answer by ikleyn(52781) |
Question 1195130: George, Jenna and Doreen start a new company.they agree to share any profit/loss made by the company in the same ratio as their initial contributions to the start-up capital of the company.if George, Jenna and Doreen's respective contributions to the start-up capital are R250000,00 , R100000,00 , and R50000,00 and total profit in the company's first year of operation is R160000,00 how much did each of the partners receive that year?
Click here to see answer by greenestamps(13200) |
Question 1195129: six student write an exam.the average score obtained on the exam by the group of students is 71% if the first two students each obtained a mark of 73% while the next three students each obtain a mark of 68% what was the mark obtained by the sixth student?
Click here to see answer by greenestamps(13200) |
Question 1195120: The Paduka Shoe Company sells five different styles of ladies chappals with identical costs and
selling prices. The company is trying to find out the profitability of opening another store, which
will have the following expenses and revenues:
Per pair
Selling price Tk. 30.00
Variable cost Tk. 19.50
Salesmen’s commission Tk. 1.50
Total Variable cost Tk. 21.00
Annual fixed expenses are:
Rent Tk. 60,000
Salaries Tk. 2,00,000
Advertising Tk. 80,000
Other fixed expenses Tk. 20,000
Tk. 3,60,000
a. Calculate the annual Break-Even point in units and in value. Also determine the profit or
loss if 35,000 pairs of chappals are sold.
b. The sales commissions are proposed to be discontinued, but instead a fixed amount of
Tk. 90,000 is to be incurred in fixed salaries. A reduction in selling price of 5% is also
proposed. What will be the Break-Even points in units?
c. It is proposed to pay the store manager 50 paisa per unit as further commission. Selling
price is proposed to be increased by 5%. What would be the Break-Even points in units?
d. Refer to the original data if the store manager were to be paid 30 paisa commission on
each pair of chappal sold in excess of Break-Even point, what would be the store’s net
profit, if 50,000 were sold?
Click here to see answer by ikleyn(52781) |
Question 1195143: Given the following national income data
National income = 22100 $
Wages and salaries = 12000$
Private final consumption expenditure = 7200$
Net Indirect Tax = 700$
Depreciation = 500$
Government final consumption Expenditure = 6100$
Mixed Income of Self-employed 4800$
Net exports = 3400$
Rent = 1200$
Required the following
a) Gross Domestic Capital Formation
b) Operating surplus
c) Net factor income from Abroad
Click here to see answer by ikleyn(52781) |
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