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

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Question 390995: a headphone was �15 and and now 1/3 percent off the price (which is �15)
calculate the discount=
calculate the sale price of the headphones=
Click here to see answer by Edwin McCravy(20054)

Question 391085: calculate the total compound interest on �2800 invested at 6% for 4 years.
Click here to see answer by solver91311(24713)

Question 391502: you deposit $2000 in an account that pays 4.5 % interest compounded annually. Write a model giving the account balance A after T years. In about how many years will the balance double?
Click here to see answer by stanbon(75887)

Question 314036: Customer support & distribution costs are pretty high at Millenium. The total amount was $180,000 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.
Customer Support Department Stores Specialty Shops Gift shops
& Distribution Costs Activity Level Activity Level Activity Level

sales(units) 10,000 5,000 5,000
revenue $150,000 $100,000 $250,000
contribution
margin ratio 50% 75% 80%
#customers 5 45 250
total cost $40,000 10 90 900
total sales 80,000 5 195 800
total shipments 60,000 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 searge88(1)

Question 391598: how much money must you deposit into a savings account that has a 3% annual interest rate to earn 100.00 in three years?
Click here to see answer by mananth(16946)

Question 391779: SSG Woods deposited $1,500 in his savings account. If the bank pays him 8 1/2 % interest per year, how much money will he make in interest at the end of one year?
Click here to see answer by ewatrrr(24785)

Question 391817: 124. Marriage penalty eliminated. The value of the expression

4220 + 0.25(x -30,650)
Is the 2006 federal income tax for a single taxpayer with
Taxable income of x dollars, where x is over $30,650 but
Not over $74,200.

a) Simplify the expression.
b) Find the amount of tax for a single taxpayer with
Taxable income of $40,000.
c) Who pays more, a married couple with a joint taxable
Income of $80,000 or two single taxpayers with
Taxable incomes of $40,000 each?

Click here to see answer by stanbon(75887)

Question 391699: what interest rate compounded daily is required for a $22,000 investment to grow to $36,500 in 5 years?
Click here to see answer by jim_thompson5910(35256)

Question 391780: An Air Indis flight crashed into the Atlantic Ocean and settled on the borrome in 6500 feet of water. A flight recorder was located in the tail section, about 25 feet off the ocean bottom. What is the elevation of the flight recorder?
Click here to see answer by Alan3354(69443)

Question 392021: You pay your hotel bill of $89.88 with two $50 traveler's checks. How much change will you receive?
Click here to see answer by MathLover1(20849)

Question 391963: I have to pay �32,120 to the Inland Revenue and they have allowed me to pay this at 3% per annum on monthly declining amount ( interest payable on outstanding amount only ) over a 12 month period.
They say that the total repayable is �35,628,09 with 12 monthly payments of �2,669.09. Is this correct at 3%
Click here to see answer by rfer(16322)

Question 392020: Margie is buying a car . Her June monthly interest at 12.5 percent was 195 dollars. What was Margies principal balance at the beginning of June. Use 360 days.
Click here to see answer by rfer(16322)

Question 392158: at what time will 2000 amount to 3650 at 4% compounded semi-annually.
Click here to see answer by robertb(5830)

Question 392300: I deposit 600 dollars in an accountant that pays 3.6% simple intrest how much intrest will I earn in 6 months
Click here to see answer by rfer(16322)

Question 392482: how do i solve
10000(1.000383562)^5475
Click here to see answer by richard1234(7193)

Question 392682: Each month, the amount of simple interest earned in an account varies directly with the starting amount in the account. Suppose that a starting amount of earns interest in a month. What is the starting amount that earns interest in a month?

Click here to see answer by Alan3354(69443)

Question 392721: what the interest of $4,500.00 if the annual percentage rate were 6.5%
Click here to see answer by Alan3354(69443)

Question 392721: what the interest of $4,500.00 if the annual percentage rate were 6.5%
Click here to see answer by ewatrrr(24785)

Question 392723: what would be my monthly payments if i took out a load for $4,500.00 and the annual percentage rate is 6.5%?

Click here to see answer by rfer(16322)

Question 392864: a salesperson earns $350 per week plus 10% of her weekly sales. Find the sales necessary to earn at least $800 in one week
Click here to see answer by checkley79(3341)

Question 392862: a salesperson earns $350 per week plus 10% of her weekly sales. Find the sales necessary to earn at least 800 in one week .
Click here to see answer by checkley79(3341)

Question 392856: if i spent 6 dollars and the sales tax was 8.25% what is the total price
Click here to see answer by checkley79(3341)

Question 392883: How do you calculate the amount of interest paid on a loan for $4,000 for 2 years at 2.99%?

Click here to see answer by ankor@dixie-net.com(22740)

Question 393268: a model for the path of a toy rocket is given by h=68t-4.9t(t), where h is the altitude in meters and t is the time in seconds. Explain how to find both the maximum altitude of the rocket andhow long it takes to reach that altitude.
Click here to see answer by stanbon(75887)

Question 393524: Computer A can do a job in 4 hours. Computer B can do the same job in 2 hours. How long will it take them to complete the job working together?
Click here to see answer by stanbon(75887)

Question 393523: The A train leaves the station at 3:00pm traveling at 40mph. The B train leaves the station two hours later traveling at 60mph. how long does it take for the B train to catchup to the A train?
Click here to see answer by rfer(16322)

Question 394116: Cristina puts $500 in a bank account. Each year the account earns 6% simple interest. How much interest will be earned in three years?
Click here to see answer by mananth(16946)

Question 394104: Pls. help me solve this problem.
Ana invested 50,000. Part of it she invested in a mine stock from which she hoped to receive a 20 percent return per yr. The rest she invested in a bank stock which was paying 6 percent per year. If she received $400 more the first year from the bank stock than from the mining stock, how much did she invest in each stock.
Click here to see answer by mananth(16946)

Question 394150: Harveys expresso express, a drive through coffee stop, is famous for its great house coffee, a blend of colombian and Mocha Java.Their arch rival jojo's java sent a spy to steal their ratio for blending beans . the spy return with a torn part of their old receipt that showed only the total number of pounds and thetotal cost, 18 pounds for $92.07. At first jojo was angry but then he relized that he knew the price per pound of each kind of coffee($4.89 for columbian and $5.43 for Mocha Java). Show how he could use equatoins to figure out how many pounds of each type of beans Harvey's used.

Click here to see answer by ankor@dixie-net.com(22740)

Question 394379: I invest $200 into a savings account that earns 2% simple interest. How long will it take for me to get $50 in interest.
Click here to see answer by stanbon(75887)

Question 394379: I invest $200 into a savings account that earns 2% simple interest. How long will it take for me to get $50 in interest.
Click here to see answer by solver91311(24713)

Question 394454: Select the set of equations that represents the following situation: Mike invested $526 for one year. He invested part of it at 2% and the rest at 5%. At the end of the year he earned $20.57 in interest. How much did Mike invest at each rate of interest?
(Points : 3)
0.02 � 526 + 0.05 � 526 = 20.57
x + y = 526; 2x + 5y = 20.57
x + y = 526; 0.02x + 0.05y = 20.57
0.02x + 0.05y = 526; x + y = 20.57

Click here to see answer by mananth(16946)

Question 394581: how long will it take for $6500 to double at a simple interest rate of 7%
Click here to see answer by pie90010(44)

Question 394703: what is 35% of $1000
Click here to see answer by nerdybill(7384)

Question 394774: Find the monthly mortgage payment for a mortgage of $93,000 at 7.75% per annum, amortized over 20 years.
Click here to see answer by ewatrrr(24785)

Question 394772: Charles has a mortgage on his house, with principal $103,500, at 6.75% per annum amortized over 25 years. The house is assessed at $129,500, and the mill rate is 16.3081. Calculate and list his monthly housing costs.
Click here to see answer by ewatrrr(24785)

Question 394770: Find the amount owing on a loan of $7400 at the end of 3 years, with interest at 10.9%/annum, compounded monthly.
Click here to see answer by jrfrunner(365)

Question 394806: You plan to invest $25,000 in two funds paying 3% and 4 1/2% simple interest.(There is more risk in the 4 1/2% fund.) Your goal is to obtain a total annual interest income of $1000 from the investments. What is the smallest you can invest in the 4 1/2% fund in order to meet your objective?
Click here to see answer by stanbon(75887)

Question 394771: . Valerie bought a large screen TV for $1495, including taxes. She paid $400 down and financed the balance over 12 months. Her monthly payment was $104.04.
a)How much did Valerie pay for the television?
b)What was the finance charge?
Click here to see answer by josmiceli(19441)

Question 395150: A college student earned $6700 during summer vacation working as a waiter in a popular restaurant. The student invested part of the money at 9% and the rest at 8%. If the student received a total of $564 in interest at the end of the year. How much was invested at 9%?
Click here to see answer by mananth(16946)

Question 395249: john needs to make 30400 dollars live cmfortabley the if government takes 24% of his income then what must his income be to live comfortabley
Click here to see answer by Earlsdon(6294)

Question 395534: Amy paid $65.61 for a pair of running shoes during a 35% off sale. What was the regular price?
Click here to see answer by rfer(16322)

Question 395585: I wnat to buy a car that cost $32,000 in 3 years. My bank pays 3% interest in my saving account How much will I have to put in today to have the $32,000 in three years?
love05@cox.net
Click here to see answer by rfer(16322)

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