Tutors Answer Your Questions about Finance (FREE)
Question 855075: Hello, I am having a lot of trouble with this problem I really don't understand it. Anything will help please and thank you.
A company specializes in children's monogrammed backpacks. It costs the company $15 make each backpack with their fixed cost at $125. The company plans to sell each backpack for $40.
1. Find the revenue function, R(x)
2. Find the cost function, C(x)
3. Solve the system graphically to find the number of backpacks the company must sell to break even. Graph.
4. X=Number of backpacks_______________R=C=$__________________
5. Find the profit function, P(x)
6. What will the profit or loss be if they sell 60 backpacks?
7. If the company wishes to make a profit of $3,625, how many backpacks will they need to sell?
Click here to see answer by richwmiller(17219)  |
Question 855361: While eating her chocolate chip cookie, Tara noticed that it contained 7.5 grams of fat. If she ate no
fewer than 5 and no more than 12 cookies, how many grams of fat will she consume? Write an inequality
and solve. Show all your work. No work will mean no credit.
Click here to see answer by josmiceli(19441)  |
Question 856276: How many strings of eight English lowercase letters are there
a) that contain no vowels, if letters can be repeated?
b) that contain no vowels, if no letters can be repeated?
c) that start with a vowel, if letters can be repeated?
Click here to see answer by ewatrrr(24785)  |
Question 856299: At George’s Graphics and More, the average
starting salary for a new employee is
$57,600, but the actual salary could differ from
the average by as much $3590. Write an
absolute value inequality to describe this
situation. Solve it.
Click here to see answer by Theo(13342)  |
Question 856521: Towels & More
For the year ended 12-31-XX
Sales
$600,000
Variable Production Costs
180,000
Contribution Margin
$420,000
Fixed Costs:
Production Overhead
$120,000
Sellling & Distribution Costs
240,000
Fixed costs total: $360,000
Net Operating Income
$60,000
======
Customer support & distribution costs are pretty high at T&M. The total amount was $240,000 last year. The marketing manager has recently been to a seminar and learned about applying ABC to analyze customer and distribution costs. He suggests that the company analyze overhead costs associated with supporting different types of customers before proceeding with an expansion. The marketing manager knows that the small shops require a lot of attention and is somewhat dubious about the CEO's proposed strategy. The CEO accepts the suggestion and you are brought in as a consultant to prepare the analysis. The table below provides some information that may be pertinent for the analysis.
Description
sales(units) 10,000 5,000 5,000
revenue $200,000 $100,000 $300,000
contribution
margin ratio 50% 80% 80%
#customers 5 45 250
total costs/No. of orders places: $40,000 10 90 900
total costs/No. of sales calls: $80,000 5 195 800
total costs/No. of shipments $120,000 20 480 1,000
Calculate the customer support and distribution costs associated with the three types of customers.
Use a simple strategy first and allocate the costs based on revenues.
Recalculate the allocations using activity based costing (ABC).
Determine contribution margin less customer support and distribution costs for both approaches above.
Which type of customer should the company support and why? Refer to your analysis in your response.
Click here to see answer by ewatrrr(24785)  |
Question 856627: Could you lay this problem out for me: A professional athlete deposited an amount of money into a high-yield fund that erns 13% annual simple interest. A second deposit, $2500 more than the first, was placed in a CD earning 7% annual interest. The total interest earned in one year was $475. How much was invested in the mutual fund?
Click here to see answer by Fombitz(32388)  |
Question 856820: I have a $9000 loan at 5% interest. What monthly payment will let you pay off the loan in each amount of time? a.) 36 months b.) 39 months c.) 48 months
I'm taking an Algebra for Teachers college course and am confused with how to arrive at the solution of $269.74. What is an easy way to explain this to high school students? Thanks!
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 857117: Five students have just completed a logic contest. To confuse the school's reporter, Lois Lang, each student agreed to make one true and one false statement to her when she interviewed them. Lois was clever enough to figure out the winner. Here are the students' statements.
Frances: Kai was second. I was fourth.
Leyton: I was third. Charles was last.
Denise: Kai won. I was second.
Kai: leyton had the best score. I came in last.
Charles: I came in second. Kai was third.
Click here to see answer by richwmiller(17219)  |
Question 858528: Word problem : I need help on trying to figure out this problem
Sam brought shares of a stock valued at $48.5. If the stock price dropped to $30.24, find the percent decreases in value of the stock ( round to nearest tenth of a percent )
Click here to see answer by josmiceli(19441)  |
Question 859184: determine the break even points of the profit function P(x)=-2x^2+7x+8, where x is the number of dirt bikes produced, in thousands
I tried to find the discriminant through b^2-4ac but i dont think that is what i am supposed to do.
I also tried to solve for the profit=0 so 0=-2x^2+7x+8, but i am unsure about the algebra
Click here to see answer by ewatrrr(24785)  |
Question 859358: A If x and y are complementary angles, then both x and y are (always, sometimes, or never) acute.
B If x and y are supplementary angles, then x is (always, sometimes, or never) acute.
C If x is a right angle, then x is (always, sometimes, or never) acute.
D If x and y are complementary angles, then x and y are (always, sometimes, or never) adjacent.
E If x and y are supplementary angles, then x and y are (always, sometimes, or never) vertical.
For each number tell me if they are always sometimes or never. Thanks!
Click here to see answer by Awesom3guy(31) |
Question 859525: How would I solve this word problem?
Katy was given $35,000 when she retired. She invested some at 7% interest and the rest at 9% interest. If she earned $2,910 in interest in one year, how much was invested in each account?
Click here to see answer by ewatrrr(24785)  |
Question 859616: A picture frame holds a 4in by 6 in photo. The frame adds a border x inches wide around three sides of the photo. On the fourth side the frame forms a border that is 3x-0.5 in wide. The combined area of photo and frame is 80.5 in˛. Write a quadratic equation for the combined area. Then use the formula to find x.......this is my daughters homework and I cant figure it out...please help
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 860058: A = P 8500(1 + .09)-12
P = 8500(1.09)-12
P = 8500/(1.09)-12
I am trying to determine how much principal I need to invest today, to reach $8500 in 12years at 9% compounded interests. I can't seem to figure out the principal that I need - thank you!
Click here to see answer by mananth(16946)  |
Question 860192: In some solar collectors, a mirror with a parabolic cross section is used to concentrate sunlight on a pipe, which is located at the focus of the mirror as shown in the diagram. What is an equation of the parabola that models the cross section of the mirror? What information can you get fro the diagram? What information do you need to be able to write an equation that models the cross section of the mirror?
Click here to see answer by richwmiller(17219)  |
Question 860195: Three gears of radii 6in, 4in, and 2in mesh with each other in a motor assembly. What is the equation of each circle in standard form? How could I diagram help you solve this problem? How can you write an equation for each circle?
Click here to see answer by Alan3354(69443)  |
Question 860973: In a financial deal, you are promised $900 the first day and each day after that you will receive 55% of the previous day's amount. When one day's amount drops below $1, you stop getting paid from that day on. What day is the first day you would receive no payment and what is your total income?
Click here to see answer by stanbon(75887) |
Question 861356: I need explanation and solution:
A store divides 112 kilograms of potatoes into 3 kilogram and 2 kilogram bags. If the store ends up with twice as many 2 kilogram bags as 3 kilogram bags, find how many bags of each type the store starts with.
Click here to see answer by josmiceli(19441)  |
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