Tutors Answer Your Questions about Finance (FREE)
Question 193749: I am trying to figure the original amount & sales tax amount to come up with the total amount charged when I've lost receipts... Sales tax rate of 8.7% - So I think you do something like: X + (X*8.7%)= 25.31 (total amount)
So I remember that you want to get all the x's on one side, so divide both sides by 8.7% but that comes up way wrong... so I'm doing something wrong. Can someone please give me the right formula. Thank you. Jackie
Click here to see answer by user_dude2008(1862)  |
Question 193991: I need to your help please solve these problems
1)A total of Rs 14000 invested for a year , part at 5% and the rest at 6.5% . If Rs 760 is the total interest, how much is invested at 5%.
2)Mr javed invested a total of Rs 10,000 in three different accouts , the accounts paid simple interest at an annual rate of 8%, 9%,7.5% respectively. Total interest earned for the year was Rs 845 . The amount in the 9% account was the twice the amount invested in the 7.5% account. How much did Mr.Javed invest in each account.
Click here to see answer by stanbon(75887) |
Question 194213: 1.Can you help me with this? ) Let’s assume that the combined population of Anchorage and Tampa was 25,000 in 1955. By 1960 the population of Anchorage had increased by 10% while Tampa had increased by 9%. If the total population increased by 2380 people, then what was the population of each city in 1955.
Thank you all
Click here to see answer by ankor@dixie-net.com(22740)  |
Question 196180: Three-fifths of the men in chemistry class have beards and two-thirds of the women have long hair. If there are 120 men in the class and 46 are not in the above groups, how many men and how many women are there in the class?
I have the answer but I can't figure out how to get it. I've done it a zillion different ways and get nothing close.
Click here to see answer by josmiceli(19441)  |
Question 197309: Hello,
My question is that, i don't fully understand the concept of markup and discount. I keep forgetting the formula of what you have to do for getting the answer in markup or discount. I need to know how to solve problems which involve using markup or discount
Click here to see answer by stanbon(75887) |
Question 197401: I would like to know if I am on the right track or not in answering this question. 5-5A (compound annuity) What is the accumulated sum of each of the following streams of payments?
d. $25 a year for 3 years compounded annually at 2 percent
This is what I have done:
25.00 + 25.00(1+.02) + 25.00(1+.02)^2 = 76.51
Am I on the right track?
Click here to see answer by stanbon(75887) |
Question 195540: Pep invested x dollars in a savings account and y dollars in a certificate of deposit, for a totly investment of $500.
After 1 yr. he received 4% interest on the money in his savings account and 6% savings on the certificate of deposit for a totaly interest earned of $26.
Find out how much he invested at each rate.
Click here to see answer by MathTherapy(10552)  |
Question 198571: How do i set up an equation for this problem? There are a total of 500 douglas fir and hemlock trees in a section of the forest purchased by the hoodoo logging co. the company paid an average of $205 for each douglas fir and $300 for each hemlock. If the company paid a total of $132,000 for the trees how many of each kind did the company buy?
Click here to see answer by jim_thompson5910(35256) |
Question 198571: How do i set up an equation for this problem? There are a total of 500 douglas fir and hemlock trees in a section of the forest purchased by the hoodoo logging co. the company paid an average of $205 for each douglas fir and $300 for each hemlock. If the company paid a total of $132,000 for the trees how many of each kind did the company buy?
Click here to see answer by stanbon(75887) |
Question 201035: Phillip charged $400 worth of goods on his credit card. On his first bill, he was not charged any interest, and he made a payment of $20. He then charged another $18 worth of goods. On his second bill a month later, he was charged 2% interest on his entire unpaid balance. How much interest was Phillip charged on his second bill?
Click here to see answer by rfer(16322) |
Question 201431: Hi can someone please help me solve for this problem, it's from the Financial Management: Principles and Application book by Keown ch. 15, study question 15-13A:
(Break-even point and operating leverage) Allison Radios manufactures a complete line of radio and communication equipment for law enforcement agencies. The average selling price of its finished product is $180 per unit. The variable cost for these same units is $126. Allison Radios incurs fixed costs of $540,000 per year.
a. What is the break-even point in units for the company?
b. What is the dollar sales volume the firm must achieve in order to reach the break-even point?
c. What would be the firm’s profit or loss at the following units of production sold:
12,000 units? 15,000 units? 20,000 units?
d. Find the degree of operating leverage for the production and sales levels given in part (c).
Thank you
Click here to see answer by rfer(16322) |
Question 201931: Suppose that $27.40 is withheld for federal income tax and $12.35 is
withheld for Social Security. What would your net pay be? _____
SALES CLERK
Monday - Friday
8-hr. day $4.35/hr.
Apply in person.
Pedal Power Bike Shop
Click here to see answer by rfer(16322) |
Question 202096: Need help double-checking: Express the following word problem algebraically and solve the following problem:
Joe must have a take home pay of $30,400 to live comfortably and pay all his bills. If the government gets 24% of Joe’s income, then what must Joe’s income be in order for him to live comfortably and pay all this bills.
(1 - 0.24) = 0.76x
x = 30,400/.76 = $40,000
This is what I have so far.. I need someone to double check it and let me know if my answer is correct. Thanks!
Click here to see answer by checkley77(12844) |
Question 202139: Margin calculation (Revenue-Expense)/Revenue = Margin or (x-y)/x=Z. In my case, I know the desired Margin (z) and know the Expense (y). I would like to plug in various values for (z) and have it calculate the revenue required, solve for X.
Thanks.
Click here to see answer by stanbon(75887) |
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