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Business Math

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

Financial Accounting

Please see the attached file for full problem description. 100. Which of the following is not a significant date with respect to dividends? a. The declaration date b. The incorporation date c. The record date d. The payment date 101. On the dividend record date, a. a dividend becomes a current obligation. b. no entry i

Financial Accounting

Presented below are two independent situations. 1. Roscoe Cosmetics acquired 10% of the 200,000 shares of common stock of Ling Fashion at a total cost of $13 per share on March 18, 2002. On June 30, Ling declared and paid a $75,000 dividend. On December 31, Ling reported net income of $122,000 for the year. At December 31, t

Financial Accounting 362 (II)

E3-7 Art Wyatt Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, the accountant made the following entries for the corpo

Financial Accounting

E3-4 On January 1, 2002, the stockholders' equity section of Ted Parge Corporation shows: common stock ($5 par value) $1,500,000; paid-in capital in excess of par value $1,000,000; and retained earnings $1,200,000. During the year, the following treasury stock transactions occurred. Mar. 1 Purchased 50,000 shares for cash at

Financial Accounting

Which ratios should be used to help answer the following questions? (a) How efficient is a company in using its assets to produce sales? (b) How near to sale is the inventory on hand? (c) How many dollars of net income were earned for each dollar invested by the owners? (d) How able is a company to meet interest charges a

Financial Accounting

What is a ratio? What are the different ways of expressing the relationship of two amounts? What information does a ratio provide?

Financial Accounting

What ratios do mortgage companies use in determining the qualifications of home buyers?


I supplied my objective function and constraints and I am obviously off. I don't understand why it is selling in month one rather than month three. Please point out the correct objective function and constraints.

Financial Accounting : Return on Investment

BE2-25 Smolinski Company is considering an investment which will return a lump sum of $500,000 five years from now. What amount should Smolinski Company pay for this investment to earn a 15% return?