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Business Math

Simplex Tableau

Given the following simplex tableau, complete the tableau and answer the following questions: X1 X2 X3 S1 S2 Basis Cb | 3 4 5 0 0 | ___________|___________________________|______ | 1/2 1 0 1/2 -1/2 | 6

Sweepstakes : In what form should I take my winnings?

As a sweepstakes ( or lotto ) winner I have 5 choices to choose from. Which should I accept? $999,999 now $100,000 per yr forever $180,000 per yr for the next 10 yrs starting now $400,000 payable every 2 yrs for 20 yrs $70,000 per yr forever

Statistics Problem

Only need help on 3, 4, 5, 6, 8, 9, 15 3. What factors affect the sale price of oceanside condomonium units? ** Please see attached for full question. **

Business statistics/finite math- Multiple choice questions

0. _________ is a procedure for revising probabilities based upon additional information. a. Utility theory b. Bernoulli's theorem c. Beckman's theorem d. Bayes' theorem 1. A medical doctor is involved in a $1 million malpractice suit. He can either settle out of court for $250,000 or go to court. If he goes to court and

Reviews of Levels of Data: Nominal, Ordinal, Interval and Ratio

The following problems are reviews of levels of data: 1. You are asked to do an analysis of students currently attending Baker College classes online. One of the areas being assessed is the number of students in the military compared to civilians. In the survey you plan on sending out, one question asks the respondent to chec

Decision-Based Costing : Manufacture or Buy?

The Minnetonka Corporation, which produces and sells to wholesalers a highly successful line of water skis, has decided to diversify to stabilize sales throughout the year. The company is considering the production of cross-country skis. After considerable research, a cross-country ski line has been developed. Because of the c

Sets : Describe in Words

U = (all employees of the K.O. Brown Company) A = (employees inthe accounting dept) B = (employees in the sales dept.) C = (female employees) D = (employees with an MBA degree) Describe the following set in words: B ∩ D

Financial Math

Your required a rate of return is 4%. What is the value of a contract that pays the buyer $100 a year forever (the first payment is made exactly one year after purchase) plus an additional $1000 a year for the first 10 years (but, the first payment is made immediately - in other words, the $100 payments are made at the end of ea

Accounting : Asset Exchanged at a Gain

Asset Exchanged at a Gain Asset originally purchased on 1/1/90 is exchanged for a similar asset on 1/1/93. Cash of $10,000 is also paid and the old asset has fair market value of $8,000 on the date of exchange.

Financial Problem: Figuring the cost of foregoing the cash discount.

Syntech is offered credit terms of 2/10, net 40, but decides to forego taking the cash discount and pays on the 45th day. What is Syntech's cost of foregoing the cash discount? [AFC=(Interest Paid/usable funds)(365/maturity(days)] The four answers that I have are one of the following: a. 24.83% b. 21.28% c. 18.62% d. n

Modelling : Elevator / Lift Usage

A large corporation with offices filling a 40 storey building is concerned to minimize the waiting and travel times of its employees when using the lifts, which are regularly perceived as too long at certain times of the day. It is powerless to alter the number of lifts in service; instead it seeks to model the pattern of the us

Sales Revenue Problem

Application Problem 1S (Sales Revenue Problem) The owner of an apartment complex knows he can rent all 50 apartments when the monthly rent is $400. He thinks that for any 25$ increase in the rent, he will loose 2 tenants. Write a linear polynomial for the rent price P and a linear polynomial for the number of apartments (Q).

Find open intervals

The problem is attached. The profit P (in dollars) made by a fast food restaurant selling "x" hamburgers is: P(x) = 2.44x - x^2 / 20,000 - 5000 for 0 <= x <= 35,000 Find the open intervals on which P is increasing or decreasing.


Invest a total of $4000 in 2 stocks that paid 5% and 7% annual interests. At the end of the year total interests from these investments is $230. How much was invested at each rate?

Business Math : Motgage, Interest and Amortization

A house worth $70,000 is purchased with a down payment of $20,000 and a mortgage amortized over 20 years. If the interest rate is 14% compounded semi- annually; a. Determine the size of each monthly payment. b. How much of the 60th payment goes to interest and how much to principal repayment? c. Determine the outstandin

Business Math : Notes

On June 1, Fanger and Rampke buy merchandise amounting to $3000. If they pay cash, they will get a 2% discount. To take advantage of this cash discount, they sign a 60-day non interest bearing note at their bank which charges 10% interest. a. What should be the face value of the note to give them the exact amount they need to

Business Math : Simple Interest and Discount Rate

On July 1, B.Good borrowed $2000 from G. Whiz and agreed to pay the debt plus 8% simple interest in 270 days. Thirty days after borrowing the money, B. Good settled the debt by having it discounted at a simple interest rate of 7%. How much did G. Whiz recieve?

Maximum profit

A farmer grows two crops, corn and soybeans. Suppose that each acre planted with corn requires 1 man day of labor, $3 investment and yields a profit of $35 at harvest. Each acre of soybeans on the other hand requires 2 man days of labor,$1 investment and returns a profit of $20 at harvest. The farmer had a total of 70 acres avai

Business math

1.The gross profit on the sale of a pair of shoes is 39%,if expenses are 25% of the selling price and the cost price is $17.95, what is the selling price and the gross profit in dollars? 2.If expenses are $175.00 and profit is $120.00 and the selling price in$495.00, what is the cost and what percentage is the profit an

Business Math

Solve for x,y,z in: 3x-y-z= -1/2 2x+y+4z=0 4x+3y+5z=6