Tutors Answer Your Questions about Finance (FREE)
Question 465872: I really need some help here getting started...I do not know what I am suppose to do and there are many parts to this but a,b are the key questions I need help with because the other questions work off this.
a. Suppose a market research company finds that at a price of p = $10, they would sell x = 24 tiles each month. If they lower the price to p = $5, then more people would purchase the tile, and they can expect to sell x = 44 tiles in a month’s time. Find the equation of the line for the demand equation. Write your answer in the form p = mx + b. Hint: Write an equation using two points in the form (x,p) and remember that order matters!
b. Substitute the result you found from part a. into the equation R = xp to find the revenue equation. Provide your answer in simplified form.
Click here to see answer by kingme18(98)   |
Question 465872: I really need some help here getting started...I do not know what I am suppose to do and there are many parts to this but a,b are the key questions I need help with because the other questions work off this.
a. Suppose a market research company finds that at a price of p = $10, they would sell x = 24 tiles each month. If they lower the price to p = $5, then more people would purchase the tile, and they can expect to sell x = 44 tiles in a month’s time. Find the equation of the line for the demand equation. Write your answer in the form p = mx + b. Hint: Write an equation using two points in the form (x,p) and remember that order matters!
b. Substitute the result you found from part a. into the equation R = xp to find the revenue equation. Provide your answer in simplified form.
Click here to see answer by edjones(8007)  |
Question 466214: In 2008, Home Depot’s sales amounted to $71,300,000,000. In 2009, its sales were $66,200,000,000.
• Find the change in sales (a negative number) from 2008 to 2009.
• Find what percent that increase is of the 2008 sales.
* What was the percent growth in Home Depot’s sales from 2008 to 2009? Do all your work by using scientific notation.
How do I find the percent change in sales from the amounts given?
Click here to see answer by Ryan O'Hara(46) |
Question 466641: I need help with this question please..
Warwick wins $2800 and decides to start a savings fund to buy a car.He researches two banks to find the best investment deal.He finds the following information:
Trust Me Credit Union 7.4% pa.(nominal)compounded monthly
No Frills Bank 7.5% (nominal) compounded half yearly
a.) By calculating the effective interest rate(algebraically),decide which bank gives a better deal.
b.) If he decided to save with the No Frills Bank,approximately how long would it take for his money to double?(use the rule of 70)
c.) Check your answer to part b) using a more exact method.
Click here to see answer by rfer(16322) |
Question 466849: Hello,
I have a question I need help with. Your time is appreciated.
A college student earned $5500 during summer vacation working as a waiter in a popular restaurant. The student invested part of the money at 9% and the rest at 7%. If the student received a total of $429 in interest at the end of the year, how much was invested at 9%?
Thank you
Click here to see answer by stanbon(75887) |
Question 467225: you are a share holder in corporation C. The corporation earns $3 per share before taxes. Once it has paid taxes, it will distribute the rest of its earnings to you as a dividend. The corporate tax is 35%, and the personal tax rate on (both dividend and non-dividend) income is 20%. how much is left for you after all taxes are paid?
The amount that remains is__________ per share. Round to the nearest cent.
Click here to see answer by Big Poop(157) |
Question 467227: You are a share holder in a S corporation. The corporation earns $3 per share before taxes. It will distribute its earnings to you as a dividend. The corporate tax rate is 35%, and the personal tax rate on (both dividend and non- dividend) income is 20%. How much is left for you after all taxes are paid?
Amount that remains is______________$ per share. (Round to the nearest cent).
Click here to see answer by Big Poop(157) |
Question 467383: The question is: Tina invested $600, part at 8% interest per year, and the rest at 12% interest per year. At the end of a year, the total interest was $56. How much did she invest at each rate?
I tried setting up an equation as (0.08)x+(.12)y=56. X and Y being the quantities that were invested in either stock. Although I think I can get an answer from doing the substitution method, it would be incredibly tedious, and the division would be very annoying. Please explain how to do this problem, and what equation should be set up.
Click here to see answer by jim_thompson5910(35256) |
Question 468259: Please help me with this question.?
Lauren takes out a $85000 home loan at 12% pa interest (compounded monthly) and chooses to repay it over a 20 year period.
a.) find the size of Lauren's monthly repayments.
after 10 years of making regular payments Lauren is surprised to find that she has repaid less than half of her loan
b.) How much of Lauren's loan has been repaid?
Click here to see answer by Theo(13342)  |
Question 468258: I need help with this question please..?
Emma decides to buy a home entertainment system costing $5000. She takes out a loan from her Credit Union for the full cost of the system. The loan is based on a reducing balance interest rate of 10.5% pa with equal monthly installments for three years.
a.) find the size of each repayment for the loan.
b.)Hence find the total paid for the Entertainment System and the amount of interest paid.
c.) after two years,Emma finds that she is in a position to pay off the loan in full.How much does she still owe the bank after two years?
d.)How much does she save by paying off the loan early?Would you advise Emma to pay off the loan early?
I think we need to use the formula of Annuities in arrears here..
Click here to see answer by Theo(13342) |
Question 469134: Chris has invested $2,300 in two small businesses. Last year, the greeting card business made 14% profit on her investment on the business, while the bicycle repair business showed a 6% loss. If her net profit from the two businesses was a $102, her investment in the greeting car business was how much?
Click here to see answer by Theo(13342) |
Question 470887: I want to retire in 30 years. If I save $7,000 per year until I retire, how much income will I receive every year after I retire for 15 years. Interest rate is 4% per year which applies to the whole time horizon before and after retirement. Assume that all of my savings and invomes are made at the end of each year.
PLEASE HELP
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 473741: Here is my problem...For the past three years, you've spent $12 each week on lottery tickets, averaging $624 per year. Instead of buying tickets, you now decide to deposit $624 at the end of each year into an annuity. How much money will you have in this annuity after 20 years if it pays 7% interest, compounded annually? How much of this is interest?
Click here to see answer by ccs2011(207)  |
Question 473924: Trains A and B are traveling in the same direction on parallel lines. Train A is traveling at 100 miles per hour and Train B is traveling 125 miles an hour. Than Train A passes a station at 10:25 AM. If Train B passes the same station at 10:37 AM. What time will B catch up with Train A? When will Train B catch up with Train A?
When will Train B catch up to Train A?
Time ??? PM or AM?
Thanks
Click here to see answer by josmiceli(19441)  |
Question 474688: Please help. I looked over a bunch of your solutions already, but they are not the same questions.
Jack has part of $4500 invested at 4 percent and the rest at 6 percent. If his annual return on each investment is the same, then what is the average rate of interest, to the nearest tenth, that he will realize on $4500?
Thanks
Click here to see answer by jorel1380(3719)  |
Question 476189: Express 0,039 as a fraction in lowest terms.
Express 5,3017 as a fraction in lowest terms.
Express 0,245 as a fraction in lowest terms.
Express 5/9 as a base 3 numeral
Express 1/7 as a base 16 numeral.
Click here to see answer by sonya(5) |
Question 476903: Each Sunday a newspaper agency sells x copies of a certain newspaper for $1 per copy. The cost to the agency of each newspaper is $0.50. The agency pays a fixed cost of storage, delivery and so on, of $100 per Sunday.
1. How many newspapers need to be sold to break even?
a) 100 c) 250
b) –200 d) 200
2. What is the profit for the agency if 150 newspapers sold for a particular Sunday?
a) – 25 c) 25
b) – 150 d) 175
3. How many newspapers should the agency sell in order to realize a minimum profit of $600?
a) x = 1400 c) x = 600
b) x = 200 d) x = 1000
Is the answers as follows: can you please help me verify, Thank you
1. D (200)
2. A (-25)
3. A (x=1400)
Click here to see answer by stanbon(75887) |
Question 477491: You have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 1.1. You are considering selling $100,000 worth of one stock with a beta of 0.9 and using the proceeds to purchase another stock with a beta of 1.4. What will the portfolio's new beta be after these transactions?
Click here to see answer by Theo(13342) |
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