Tutors Answer Your Questions about Finance (FREE)
Question 1115281: Maria works for an automobile dealership. She earns a 10% commission on each motorcycle she sells and a 15% commission on each car she sells.
Maria sells a motorcycle for $5,000 and a car for $25,000. What is the total commission that she will earn on the sale of these two vehicles?
Click here to see answer by josgarithmetic(39617) |
Question 1115242: Hello! I'm a little stumped on this problem! Any help is greatly appreciated! Thank you so much for helping! So here's the problem:
For the regular plan, the minimum payment due is the greater of $10.00 or 5% of the new balance shown on your statement (rounded to the nearest $1.00) plus any unpaid late fees and returned check fees, and any amounts shown as past due on your statement.
If you make a purchase under a regular plan, no finance charges will be imposed in any billing period in which (i) there is no previous balance or (ii) payments received and credits issued by the payment due date, which is 25 days after the statement closing date shown on your last statement, equal or exceed the previous balance. If the new balance is not satisfied in full by the payment due date shown on your last statement, there will be a finance charge on each purchase from the date of purchase.
It's asking me this:
a) If the new balance in your account is $8 and you have $35 unpaid late fees, what is your minimum payment due?
b) Suppose you have a previous balance of $150 and you pay $200 one month after the statement closing date. Will you be assessed a finance charge?
c) In part b), if you make a purchase on the same day that you make the $200 payment, will a finance charge be assessed on that purchase?
Any help is greatly appreciated! Thank you so much!It really helps me!
Click here to see answer by Theo(13342)  |
Question 1115493: A house wife find that 5vcans of condensed milk and 3 jars of instant coffee cost $27 while 12 cans of condensed milk and jars of instant coffee cost $49.40.find the total cost for 7 cans of condensed milk and 2 jars of instant coffee?
The bill for 6 cups of coffee and 7 cups of tea is $5.90 while the bill for 18 cups of coffee and 5 cup of tea is $9.70.find the total bill for 7 cups of coffee and 6 cups of tea?
A man bought 8 kiwi fruits and 7 pears for $4.10 while another man bought 4 kiwi fruits and 9 pears for $3.70.What is the cost of each kiwi fruit and each pear?
Click here to see answer by addingup(3677)  |
Question 1115510: The area of a rectangular field is 450m^2 and the difference between the lenghts of the two adjacent sides is 7m.Find the length of the shorter side and the perimeter of the rectangle?
The length and breadth of a rectangle are (4x+7)cm and (5x-4)cm respectively.If the area of the rectangle is 209cm^2 ,find
a)the value of x and the perimeter of the rectangle.
The lenght of a right angled triangle are (x+2)cm,(5x-1)cm and 5xcm.Form an equation in x and show that it reduces to x^2-6X+5=0.Solve this equation to find the two possible values of x.Hence find the area and perimeter of the triangle for each value of x
Click here to see answer by ikleyn(52781)  |
Question 1115515: The sides of rectangle A are 5xcm and (4x+2)cm.The sides if rectangle B are (6x+3)cm and (3x+1)cm.If the area of A is equal to the area of B,find x.which rectangle has longer perimeter?
5x articles cost(8x+5) dollars while 2x similar article cost (3x+4) dollars.Find x?
The difference between two positive integers is 4 and the difference between their reciprocal is 1/24.Find the integer?
When x^2 is divided by(x-3),the quotient is 12 and the remainder is 1.Find the possible values of x?
Click here to see answer by ikleyn(52781)  |
Question 1115623: Appreciate your assistance on word problem below if you can solve it for me
B.Maria decides she can produce rose frames to supplement her income. She calculates that each medium frame requires a 6m length of timber and can be built in four minutes, while a large frame requires a 12m length of timber and can be built in six minutes.
She has a regular supply of suitable timber, a total length of 900 meters per week. She also has a maximum of 8 hours a week to build them.
Maria contacts the manager of a local chain of hardware stores. The manager is willing to stock Maria’s frame if she can guarantee at least 20 of each size per week, but will take no more than 60 of each size per week.
The deal will give Maria a $6 profit on each medium frame produced and a $10 profit on each large frame.
How many of each size frame should Maria produce to maximize her profit?
Write down the objective function and the constraints and then solve
Click here to see answer by ikleyn(52781)  |
Question 1115931: Please I appreciate your help with question, just need to check if my working out is correct and try to see how the problem is solved
Question
B. Maria decides she can produce rose frames to supplement her income. She calculates that each medium frame requires a 6m length of timber and can be built in four minutes, while a large frame requires a 12m length of timber and can be built in six minutes.
She has a regular supply of suitable timber, a total length of 900 meters per week. She also has a maximum of 8 hours a week to build them.
Maria contacts the manager of a local chain of hardware stores. The manager is willing to stock Maria’s frame if she can guarantee at least 20 of each size per week, but will take no more than 60 of each size per week.
The deal will give Maria a $6 profit on each medium frame produced and a $10 profit on each large frame.
How many of each size frame should Maria produce to maximize her profit?
(Write down the objective function and the constraints and then solve.)
Below is my working out but haven't finished solved the problem
Objective Function
P = $6.00x + $10.00y
Write the constraints
Length constraints: 6x + 12y ≤ 900
Time constraints 4x + 6y ≤ 480
Non-negative constraints x ≥ 0, y ≥ 0
6x + 12y <= 900
4x + 6y <= 480
x ≥ 0, y ≥ 0
Thank you
Click here to see answer by stanbon(75887) |
Question 1115931: Please I appreciate your help with question, just need to check if my working out is correct and try to see how the problem is solved
Question
B. Maria decides she can produce rose frames to supplement her income. She calculates that each medium frame requires a 6m length of timber and can be built in four minutes, while a large frame requires a 12m length of timber and can be built in six minutes.
She has a regular supply of suitable timber, a total length of 900 meters per week. She also has a maximum of 8 hours a week to build them.
Maria contacts the manager of a local chain of hardware stores. The manager is willing to stock Maria’s frame if she can guarantee at least 20 of each size per week, but will take no more than 60 of each size per week.
The deal will give Maria a $6 profit on each medium frame produced and a $10 profit on each large frame.
How many of each size frame should Maria produce to maximize her profit?
(Write down the objective function and the constraints and then solve.)
Below is my working out but haven't finished solved the problem
Objective Function
P = $6.00x + $10.00y
Write the constraints
Length constraints: 6x + 12y ≤ 900
Time constraints 4x + 6y ≤ 480
Non-negative constraints x ≥ 0, y ≥ 0
6x + 12y <= 900
4x + 6y <= 480
x ≥ 0, y ≥ 0
Thank you
Click here to see answer by greenestamps(13200)  |
Question 1115931: Please I appreciate your help with question, just need to check if my working out is correct and try to see how the problem is solved
Question
B. Maria decides she can produce rose frames to supplement her income. She calculates that each medium frame requires a 6m length of timber and can be built in four minutes, while a large frame requires a 12m length of timber and can be built in six minutes.
She has a regular supply of suitable timber, a total length of 900 meters per week. She also has a maximum of 8 hours a week to build them.
Maria contacts the manager of a local chain of hardware stores. The manager is willing to stock Maria’s frame if she can guarantee at least 20 of each size per week, but will take no more than 60 of each size per week.
The deal will give Maria a $6 profit on each medium frame produced and a $10 profit on each large frame.
How many of each size frame should Maria produce to maximize her profit?
(Write down the objective function and the constraints and then solve.)
Below is my working out but haven't finished solved the problem
Objective Function
P = $6.00x + $10.00y
Write the constraints
Length constraints: 6x + 12y ≤ 900
Time constraints 4x + 6y ≤ 480
Non-negative constraints x ≥ 0, y ≥ 0
6x + 12y <= 900
4x + 6y <= 480
x ≥ 0, y ≥ 0
Thank you
Click here to see answer by ikleyn(52781)  |
Question 1116001: Heather is planning to invest a constant amount of money at the end of every year for 15 years and then allow her money to accumulate interest for 15 more years without any additional deposits. If her investments earn 11% compounded annually and she must have $650,000 in 30 years, how much will she invest at the end of each of the next 15 years?
Click here to see answer by ikleyn(52781)  |
Question 1116005: The MSRP on a Nissan Maxima 3.5 SV is $40,325. The interest rate on a 24-month lease is 1.9% compounded monthly. What is the monthly lease payment, assuming a down payment of $7100 and a residual value of $13,690?
Click here to see answer by Theo(13342)  |
Question 1116043: You are driving on a business trip to another city. Let D(g) represent the distance (in mile) you can drive on g gallons of gas. Let T(D) represent the time it takes (in hours) to drive a distance of D mile. Let f(g) = T(D(g))
1. What does f(g) = T(D(g)) represent?
2. Explain what D(4) = 120 means in principal terms.
3. Explain what T '(120) = 1/60 means in principal terms.
4. Explain what D '(4) = 30 means in principal terms.
5. Find and interpret f '(4).
Click here to see answer by stanbon(75887) |
Question 962486: At Bay High School 60% of all students have a car and an Ipod and 70% of all students have a car. What is the probability that a student with a car also has an Ipod?
A)10%
B)68%
C)86%
D)93%
Click here to see answer by 377606(1) |
Question 1116232: This is Linear Programming Pls help us! :(
MILESTONE: Linear Program
After making various presentations to potential investors, MC has finally hit the jackpot. An investor wants to invest 100,000,000 pesos in MC.
After doing all your staff work in the previous weeks, the two of you have been tasked to find the most efficient way to invest the money. This involves making the highest profit possible from the money you have invested. You have decided to consult your friend Olivia, who is also a financial investor.
Olivia discusses that you need to use a mathematical method called Linear Programming to solve this problem. She explains that Linear Programming is a method that has to be set up very carefully. It involves creating a function to optimize and modelling various constraints using linear equations. She has decided to present you the profitability percentages of MC, given that she has already done prior work with MC.
The startup arm is projected to return at least 12%. To minimize risk, you must invest no more than 30,000,000 pesos. The financial stocks return 3%, while the retail arm returns 5%.
For tax reasons, you must invest at least 3 times more in the financial stocks than the retail arm.
Your task is to set up the linear program. You have to define the following:
1. The variables that will be used
2. The optimization function that will be used
a. What kind of optimization will be done: minimization or maximization?
3. The constraints that the linear program will be subjected to
Click here to see answer by Theo(13342)  |
Question 1116231: This is Linear programming pls help me! :(
After making various presentations to potential investors, MC has finally hit the jackpot. An investor wants to invest 100,000,000 pesos in MC.
After doing all your staff work in the previous weeks, the two of you have been tasked to find the most efficient way to invest the money. This involves making the highest profit possible from the money you have invested. You have decided to consult your friend Olivia, who is also a financial investor.
Olivia discusses that you need to use a mathematical method called Linear Programming to solve this problem. She explains that Linear Programming is a method that has to be set up very carefully. It involves creating a function to optimize and modelling various constraints using linear equations. She has decided to present you the profitability percentages of MC, given that she has already done prior work with MC.
The startup arm is projected to return at least 12%. To minimize risk, you must invest no more than 30,000,000 pesos. The financial stocks return 3%, while the retail arm returns 5%.
For tax reasons, you must invest at least 3 times more in the financial stocks than the retail arm.
Your task is to set up the linear program. You have to define the following:
1. The variables that will be used
2. The optimization function that will be used
a. What kind of optimization will be done: minimization or maximization?
3. The constraints that the linear program will be subjected to
Click here to see answer by KMST(5328)  |
Question 1116306: a hemispherical bowl, diameter of 14cm, full of water, is emptied into an empty cylindrical mug, diameter 10 cm, both measurements being internal. If the mug is now 3/4th filled, find the depth of the mug, correct to 1 decimal place.
Click here to see answer by ikleyn(52781)  |
Question 1116570: After making various presentations to potential investors, MC has finally hit the jackpot. An investor wants to invest 100,000,000 pesos in MC.
After doing all your staff work in the previous weeks, the two of you have been tasked to find the most efficient way to invest the money. This involves making the highest profit possible from the money you have invested. You have decided to consult your friend Olivia, who is also a financial investor.
Olivia discusses that you need to use a mathematical method called Linear Programming to solve this problem. She explains that Linear Programming is a method that has to be set up very carefully. It involves creating a function to optimize and modelling various constraints using linear equations. She has decided to present you the profitability percentages of MC, given that she has already done prior work with MC.
The startup arm is projected to return at least 12%. To minimize risk, you must invest no more than 30,000,000 pesos. The financial stocks return 3%, while the retail arm returns 5%.
For tax reasons, you must invest at least 3 times more in the financial stocks than the retail arm.
Your task is to set up the linear program. You have to define the following:
The variables that will be used
The optimization function that will be used
What kind of optimization will be done: minimization or maximization?
The constraints that the linear program will be subjected to
The model will be presented to the MC CEO, who will verify if the model is satisfactory.
Click here to see answer by ikleyn(52781)  |
Question 1116427: 3. Use a financial calculator or computer software program to answer the following questions :
A). What would be the future value of $ 19,378 invested now if the money remains deposited for eight years, the annual interest rate is 18 percent, and the interest on the investment is compounded semi-annually?
B). How would your answer for (A) change if quarterly compounding were used?
Click here to see answer by Theo(13342)  |
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