Tutors Answer Your Questions about Finance (FREE)
Question 1205184: "Top News' prints daily newspapers in the city of Montego Bay, Jamaica. The fixed monthly cost of production is $235 000 and the variable cost per newspaper is $25. Each newspaper sells for $60.
(d) For a monthly volume of 5000 newspapers, determine the total cost, total revenue and profit
(9 marks)
(e) Determine the monthly break-even volume for "Top News'.
(6 marks)
Considering the month has 30 days, what is the average number of newspapers that must be sold per day to break even.
Click here to see answer by josgarithmetic(39617)  |
Question 1205192: Find the amount accumulated FV in the given annuity account. (Assume end-of-period deposits and compounding at the same intervals as deposits. Round your answer to the nearest cent.)
$200 is deposited monthly for 10 years at 3% per year in an account containing $7,000 at the start
FV = $
Click here to see answer by ikleyn(52781)  |
Question 1205183: "Extremista" produces two products, A and B, which have profits of $9 and $7, respectively. Each unit of product must be processed on two assembly lines, where the required production times are as follows:
Product Hours/Unit
Line 1 Line 2
A 12 4
B 4 8
Total hours 60 40
a. Formulate a Linear Programing model and determine the optimal mix of products that will
maximize profits. (9 marks)
b. Sketch the graph of the model you have developed. (5 marks)
c. What would be the effect on the optimal solution if the profit for Product B was moved from
$7 to $15. (6 marks)
Click here to see answer by Theo(13342)  |
Question 1205182: Jane has a gas station that sells 90 Oct\ane gas and Low Sulphur Diesel. The station makes one
order of fuel per week and she has enough space in her tanks for a total of 1150 gallons of both
fuels. A gallon of 90 Octane gas cost US$0.75 and a gallon of Low Sulphur Diesel costs US$0.93
and they budget US$900 each week for repurchasing these products. The Manager estimates that
each week they will sell twice as much Diesel as 90 Octane gas. Profit per gallon of Low
Sulphur Diesel is US$4.15 and profit per gallon of 90 Octane is $3.60.
a. Formulate a Linear Programing model and determine the optimal mix of products that will
maximize profits. (9 marks)
b. Sketch the graph of the model you have developed. (5 marks)
c. What would be the effect on the optimal solution if the profit for Product B was moved from
$7 to $15. (6 marks)
Click here to see answer by Theo(13342) |
Question 1205241: b) In a certain undertaking the initial investment is TZS 1,000,000,000. Expected additional investment of TZS 800,000,000 and TZS 600,000,000 will made in the 2 ^ (nd) and 3 ^rd years respectively. Expected cash inflows at the end of each of the 4 years of the investment project are as follows;
YEAR
1
2
3
4
Cash flow in TZS
(In Millions)
600
800
1,000
2,000
Required
Given that, the required rate of return is 6%, evaluate the project using the NPV method
Click here to see answer by Theo(13342) |
Question 1205312: The principal represents an amount of money deposited in a savings account subject to compound interest at the given rate.
Principal
$7000
Rate
7%
Compounded
semiannually
Time
4 years
A. Find how much money there will be in the account after the given number of years.
B. Find the interest earned.
Click here to see answer by josgarithmetic(39617) |
Question 1205437: Lady Lee needs TZS 57,500,000 at the end of the year 2029, and her only investment outlet is a 9 percent long term certificate of deposit from Puzzo Bank (compounded biannually). With the cectificate of deposit, she makes an initial investment at the beginning of the year 2023.
1:What single payment could be made at the beginning of the year 2023 to achieve thi objective?
W:What amount could Lady Lee invest at the end of each year annually up to the ye 2029 to achieve this same objective?
Click here to see answer by Theo(13342) |
Question 1205437: Lady Lee needs TZS 57,500,000 at the end of the year 2029, and her only investment outlet is a 9 percent long term certificate of deposit from Puzzo Bank (compounded biannually). With the cectificate of deposit, she makes an initial investment at the beginning of the year 2023.
1:What single payment could be made at the beginning of the year 2023 to achieve thi objective?
W:What amount could Lady Lee invest at the end of each year annually up to the ye 2029 to achieve this same objective?
Click here to see answer by ikleyn(52781) |
Question 1205596: Use the set of ordered pairs to determine whether the relation is a function. Then find the domain of the relation, and the range of the relation.
{(-6,-6),(-4,-1),(0,3),(2,9),(2,-3)}
Is the relation a function?
The domain of the relation is
The range of the relation is
Click here to see answer by MathLover1(20849)  |
Question 1205735: An electrician is testing the accuracy of resistors that have a nominal resistance of 15 S (ohms). She finds that the distribution of resistances is distributed normally with a mean of 15.08 S and a standard deviation of 1.52 2.
a. Is resistance an example of a discrete or continuous variable? Justify your answer.
Click here to see answer by math_tutor2020(3817) |
Question 1205734: A year ago, Madison began working at a computer store. Her supervisor asked her to keep a record of the number of sales she made each month. The following data set is a list of her sales for the last 12 months:
34, 47, 1, 15, 57, 24, 20, 11, 19, 50, 28, 37
a. Determine the standard deviation of the data.
b. Determine the IQR for the above data. What does this mean in the context of the question?
c. Identify any outliers any the data. What measure of central tendency and/or spread does this affect the most? Do you think it would make sense for the supervisor not to consider this value when assessing her job performance? Be specific.
(Please help)
Click here to see answer by math_tutor2020(3817) |
Question 1205737: It is possible to write 18 as the sum of two or more consecutive positive
digits in two different ways:
18 = 3 + 4 + 5 + 6
18 = 5 + 6 + 7
Find a way to determine the number of ways to write any number as the
sum of two or more consecutive positive integers.
Click here to see answer by ikleyn(52781) |
Question 1205743: On some busy streets, diamond lanes are reserved for taxis, buses, and cars with three or more passengers. It is estimated that 20% of cars travelling in a certain diamond lane have fewer than three passengers. If 60 cars that travel in a certain diamond lane are selected at random, find the probability that:
a. fewer than 10 cars have less than 3 passengers.
b. at least 15 cars have fewer than 3 passengers.
(Please help)
Click here to see answer by ikleyn(52781) |
Question 1205742: On some busy streets, diamond lanes are reserved for taxis, buses, and cars with three or more passengers.
It is estimated that 20% of cars travelling in a certain diamond lane have fewer than three passengers.
a. Is the variable in the question discrete or random? Justify your answer.
If 60 cars that travel in a certain diamond lane are selected at random, find the probability that:
b. exactly 10 cars have less than 3 passengers.
Click here to see answer by ikleyn(52781) |
Question 1205733: On some busy streets, diamond lanes are reserved for taxis, buses, and cars with three or more passengers. It is estimated that 20% of cars travelling in a certain diamond lane have fewer than three passengers.
a. Is the variable in the question discrete or random? Justify your answer.
If 60 cars that travel in a certain diamond lane are selected at random, find the probability that:
b. exactly 10 cars have less than 3 passengers.
c. fewer than 10 cars have less than 3 passengers.
(Hint: Check criteria for normal approximation.)
d. at least 15 cars have fewer than 3 passengers.
(Please help)
Click here to see answer by ikleyn(52781) |
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