Questions on Word Problems: Money, Business and Interest answered by real tutors!

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Question 1197572: 1. An event promoter in Belize is selling tickets to her all-inclusive Carnival fete for $150.00 each. She has rented a venue at a cost of $3500 and will incur other fixed costs for a DJ ($1000), MC ($500), stage ($3,000), event staff ($4,000), insurance ($500), and marketing ($2,500). The variable costs include drinks ($30 per person), and food ($45 per person).
a) What is the revenue function for the event?
b) What is the cost function for the event?
c) Calculate how many tickets need to be sold in order for the event to break even.
d) If the promoter sells 500 tickets:
i. Calculate the revenue
ii. Calculate the cost
iii. Calculate the profit
Click here to see answer by Shin123(626)

Question 1197623: Brian has half of his investments in stock paying a 7% dividend and the other half in a stock paying 13% interest. If his total annual interest is $730, how much does he have invested?

Click here to see answer by MathTherapy(10552)

Question 1197867: Hello, My problem is: Supreme Auto Service opened a new service center three decades ago. At the time the center was preparing to open, new equipment was purchased totaling $355,000. Residual value of the equipment was estimated to be $45,000 after 20 years. The company accountant has been using straight-line depreciation on the equipment.
annual depreciation for the original equipment was: 15,500
If the hydraulic lift had originally cost $14,200, what would its residual value (in $) be after 20 years?
Click here to see answer by Theo(13342)

Question 1197959: For a charter bus, students must pay $30 each if 28 students go on the trip. If only 21 students sign up for the trip, how much would each have to pay if the total cost is the same?
Click here to see answer by math_tutor2020(3817)

Question 1197970: Glenda deposits 5000.00 in a savings account which pays 5% compounded annually. The money is left for 3 years. Find the account balance at the end of 3 years.
Click here to see answer by ikleyn(52781)

Question 1197986: a dairy farmer produces 16 gallons of milk a day after 5 days of work, he sells three-quarters of the milk to a nearby store he keeps one-quarter of the milk for his friends and family to use.
Click here to see answer by greenestamps(13200)

Question 1198072: The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date.
Find the present value of $10,000 if interest is paid at a rate of 10% per year, compounded semiannually, for 2 years. (Round your answer up to the next cent.)

Click here to see answer by ikleyn(52781)

Question 1198152: Bisi invested $245,000 in 7% stock at $98 and sold the stock when it's price rose to $100. She invested the sale proceeds in 9% stock at $125. Find the change in income of Bisi?
Click here to see answer by ewatrrr(24785)

Question 1198275: Terrell is a salesman who receives a $100 draw per week. He receives a 121/2% commission on all sales. Sales for Terrell for the month were $28,000. What did Terrell receive after taking the draw into consideration? (Assume a five-week month.)

Click here to see answer by josgarithmetic(39617)

Question 1198382: Suppose that between the ages of 23 and 45, you contribute $4000 per year to a 401(k) and your employer contributes $2000 per year on your behalf. The interest rate is 8.3% compounded annually. (a) What is the value of the 401(k), rounded to the nearest dollar, after 22 years?
(b) Suppose that after 22 years of working for this firm, you move on to a new job. However, you keep your accumulated retirement funds in the 401(k). How much money, to the nearest dollar, will you have in the plan when you reach age 65?
(c) What is the difference between the amount of money you will have accumulated in the 401(k) and the amount you contributed to the plan?
Group of answer choices

Click here to see answer by Theo(13342)

Question 1198482: If a + b = 2, ab + a²b² = c
, then c =......
Click here to see answer by ewatrrr(24785)

Question 1198482: If a + b = 2, ab + a²b² = c
, then c =......
Click here to see answer by ikleyn(52781)

Question 1198506: A person invest twice as much at 8% interest rate as at 5% the total annual income from the two investment was tshs 840000. Find how much was invested at each rate

Click here to see answer by ikleyn(52781)

Question 1198536: What sum of money would Max need to invest to accumulate a total of $100000 at the end of 7 years at 8% p.a. interest compounding biannually? Answer to the nearest cent.
Click here to see answer by math_tutor2020(3817)

Question 1198564: I told a fruit seller to give me Rs. 1680 worth of passion fruits. After he gave me the passion fruits, I forced him to give me 4 extra passion fruits for free. He complained that because of giving me the extra passion fruits, he is getting Rs. 120 per dozen less on this transaction than the original price. How many passion fruits did get (including the 4 extra passion fruits)?
Click here to see answer by Theo(13342)

Question 1198609: Researchers claim that a certain technology doubles in size every 5.48 years. What is the technology's exponential growth rate?
Click here to see answer by MathLover1(20849)

Question 1198297: If (x +iy)^9 - (ix+y)^9 = 2i, find the value of x, y ?
Click here to see answer by greenestamps(13200)

Question 1198641: Find the requested value (to the nearest dollar) and tell what each of the other values represents.
(a)
Find An: An = 2,450
1 − (1 + 0.02)−120
0.02
An =$
Identify the following. (Assume the rate and time are using the same time period.)
periodic payment: $
rate:
time:
(b)
Find R: 30,000 = R
1 − (1 + 0.02)−30
0.02
R = $
Identify the following. (Assume the rate and time are using the same time period.)
present value:$
rate:
time:

Click here to see answer by ikleyn(52781)

Question 1198639: If $5000 is deposited at the end of each half year in an account that earns 6.1% compounded semiannually, after how many half years will the account contain $130,000? (Round your answer UP to the nearest half year.)

Click here to see answer by Theo(13342)

Question 1198679: Jane Adele deposits $1,300 in an account at the beginning of each 3-month period for 12 years. If the account pays interest at the rate of 4%, compounded quarterly, how much will she have in her account after 12 years?

Click here to see answer by ikleyn(52781)

Question 1198670: Mr. Gordon plans to invest $300 at the end of each month in an account that pays 6%, compounded monthly. After how many months will the account be worth $30,000?

Click here to see answer by ikleyn(52781)

Question 1198705: 2) Candy costs 40 cents per pound.
4) How many gallons of water
5) There are fifty stamps
6) Joe gets ten cents for
7) John can finish a job
Click here to see answer by ikleyn(52781)

Question 1198726: Jimmy wants to save $2000 in 3 years for a down payment on a motorcycle. If he can earn 4% compounded quarterly, how much will he need to deposit each quarter in order to save this amount?
Click here to see answer by ikleyn(52781)

Question 1198848: Determine the periodic payments on the given loan or mortgage.(Round your answer to the nearest cent.)
$1,000,000 borrowed at 7% for 25 years, with quarterly payments
PMT=
Click here to see answer by Theo(13342)

Question 1198855: A number is divided into two parts, such that one part is 12 more than the other. If the two parts are in the ratio 4 : 3, find the number and the two parts.
Click here to see answer by ikleyn(52781)

Question 1198854: Quiboy can clean the barn in 6 hours, and Quiboy and Rod together can clean the same barn in 3 hours. How long would it take for Rod to clean the barn by himself?
Click here to see answer by ikleyn(52781)

Question 1198920: I'm saving money over a year in order to buy a $157.50 gift. I start with an empty piggy bank. In January I put in a small amount of money. Each month after January, I put in $1.75 more than I put in the previous month. By the end of December, I've saved $157.50 exactly. The amount in dollars that I had in my piggy bank after April's deposit was
Click here to see answer by greenestamps(13200)

Question 1198997: The lowest temperature at which neon is a gas, called its
boiling point, is 411F. Write and graph an inequality to show the
temperatures at which neon is a gas.

Click here to see answer by ikleyn(52781)

Question 1198963: Frank invests $3500 dollars into an account earning interest compounded quarterly. After 10 years there is $5050 in the account. What was the interest rate?
Click here to see answer by MathLover1(20849)

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