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Business Math

Accrual basis accounting

It is now July 31st. You are continuing to advise Dr. Leo Krusack on basic accounting procedures. His practice had the following transactions during July. On July 1st, he paid out $1,200 in office rent for the month of July. He purchased a new dental chair for $1,300 cash on July 6th. On July 10th, he purchased $2,

Accounting Problem

Bailey's Leisure Equipment uses a traditional overhead allocation scheme in its manufacturing plant. The company produces three products: umbrellas, sunshades, and lawn chairs. For 1994, the company incurred $1,000,000 of manufacturing overhead costs and produced 100,000 umbrellas, 10,000 sunshades, and 30,000 lawn chairs. Th

Jose is going to invest up to $23,000 in a savings account, bonds, or both...

Jose is going to invest up to $23,000 in a savings account, bonds, or both. He wants to invest from $3000 to $13,000 in the savings account at 4% interest. The bonds will be insured up to $17,000, so Jose doesn't want to invest more than that amount in bonds which will earn 4 1/2%. What will be the maximum amount of interest tha

Quantitative Methods

As an illustration, we will suppose that the Juarez ski plant can actually operate at as much as 150% of its stated capacity during the August - November period by placing its workforce on over-time. We will also assume that the company policy is to use this plant exclusively to service the Phoenix warehouse. Moreover, we wil

Business math problems

Complete the vertical and horizontal analysis of the comperative balance sheet for Miller's Model Ships. (See attached file for full problem description)

Accounting problem cash budget

3.The following is a forecast of sales and purchases by American Food Products for the first four months of 2006. month1 month2 month3 month4 credit sales 250,000.00 285,000.00 265,000.00 240,000.00 credit purchases 120,000.00

Profitable fruitcake...

Page 571 problem 62 62. Profitable fruitcake. Sharon's Revenue R (in dollars) on the sale of x fruitcake is determined by the formula R=50x-x^2. Her cost C(in dollars) for producing x fruitcakes is given by the formula C = 2x+40. For what values of x is Sharon's profit positive? (Profit = revenue-cost.) Page 576 problem

Financial Statement

Balance Sheet and Income Statement Ratios Calculate all key financial ratios (below) for the financial statement on sheet 2 1 Quick Ratio [(Current Assets-Inventory) / Current Liabilities] 2 Current Ratio [Current Assets / Current Liabilities] 3 Total Liabilities to Net Worth 4 Fixed Assets to Net Worth 5 Income to Ne

Journalizing, posting, preparing a trial balance

(See attached file for full problem description) --- Journalizing, Posting, and Preparing a Trial Balance Georgian Enterprises uses the following general ledger accounts in its accounting system. Listed for each account is its account number and balance as of January 1, 2003. Account# Cas

Gantt chart and Chewy Candy Company

1. Six jobs must be processed through machine A and then B as shown below. The processing time for each job is also shown. Machine (minutes) Job A B 1 10 6 2 6 12 3 7 7 4 8 4 5 3 9 6 6 8 a. Develop a Gantt chart to determine the total time required to process all six jobs. Use the follow

Cost Benefit Analysis

Suppose the plant manager of a manufacturing firm hires you to help him analyze a proposal to purchase a new and faster stamping machine. He provides you with the following information: a. The new machine is four times as fast b. The old machine is able to process material at a rate of 60 units per hour c. Demand is ap

Math applications for business

? Linda received $875 on an investment of $14,000 at 15% annual simple interest rate. How long was the money invested? ? Freddy borrowed $10,000 for a car for 3 years and paid $1,500 in simple interest. What was the rate of interest? ? Diana owns municipal bonds valued at $14,500, which is 12% of her total investments. Wha


A candy store sells boxes of candy containing caramels and cremes. Each box sells for $12.50 and holds 30 pieces of candy. If the caramels cost 25 cents to produce and cremes cost 45 cents to produce how many of each should be in a box to make a profit of $3?

Statistical Question The above link from the Washington Post reports that less than half of polled evacuees from New Orleans want to return home after this disaster. What does this me

Probability values, population mean, standard deviation

How do I compute the following 82. A normal distribution has a mean of 50 and a standard deviation of 4. a. Compute the probability of a value between 44.0 and 55.0. b. Compute the probability of a value greater than 55.0. c. Compute the probability of a value between 52.0 and 55.0. 188. The owner of Britten's Egg F

Probability Questions

PLEASE ANSWER EACH QUESTION SEPERATELY. THANK YOU 1. How can we use probability statistics to anticipate health care costs for the future? 2. What is the probability that your favorite NFL team will win the Super Bowl? 3. Can using probability in market trending decisions lead to a bad decision? Explain? 4. Is there

Analyzing Statistics

70. Refer to the Baseball 2000 data (Appendix K), which reports information for the 30 Major League Baseball teams for the 2000 season. a. Determine the mean and the median team salary. Does one measure of central tendency seem better, or more representative, than the other? b. Determine the mean and the median attendance per

Important information about Price of a Forward Contract

You enter into a forward contract to buy a 10-year, zero coupon bond that will be issued in one year. The face value of the bond is $1,000, and the 1-year and 11-year spot interest rates are 3 percent per annum and 8 percent per annum, respectively. Both of these interest rates are expressed as effective annual yields. a.

Rayleigh Quotients & Error Bonds

Choosing x0=[1 2]T apply the power method.... (see complete problem in attached file) . (a) Choosing xo = f 1 21T, apply the power method (3 steps), without scaling to the following symmetric matrix, to compute the Rayleigh quotients and error bonds. A = [9 4 4 3]

Application Word Problem : Break-Even Point

Chrysler has develpod a new minivan that has a start up cost of $ 45 000 000. Each new van costs $ 18 000 to make. If Chrysler plans to sell the minivans for $ 30 000, how many do they have to sell to break even?

PERT/CPM network and critical path.

This is a re-post for a problem. I'm confused with the OTA's answer because in the response that I received (attached as 44279-business-CPM, PERT(1).xls), Activity F follows C and D, but in the problem definition, it is supposed to follow A and C. Please help me clarify this... I have also attached what I came up with for t

Portfolio Management for personal financial planning

Cliff Swatner is single, 33, and owns a condominium in New York City worth $250,000. Cliff is an attorney and doing well financially. His income last year exceeded $90,000, and he has sufficient liquid assets to supplement his condominium and other tangible assets. Several years ago, Cliff began investing in stocks and bonds. He

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