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Many problems in business, science and engineering involve two or more simultaneous equations, we call these equations together a system of equations. One very common application in business is the break even analysis. If a system of equations contains a cost equation, and a revenue equation, the solution for the system represents the break even point. Think about other common business applications that can be explored using system of equations. Provide at least one business concept, and explain how it can be solved using systems of equations
Chang Corp. has $375,000 of assets, and it uses only common equity capital (zero debt). Its sales for the last year were $595,000, and its net income was $25,000. Stockholders recently voted in a new management team that has promised to lower costs a..
You want to borrow $92,000 from your local bank to buy a new sailboat. You can afford to make monthly payments of $1,800, but no more. Assuming monthly compounding, what is the highest rate you can afford on a 60-month APR loan?
Profits made by directors, officers, or owners of 10 percent or more of the securities of a corporation as a result of buying and selling the securities within a six month period. A type of business organization formed and authorized by state law to ..
A person aged 30 wishes to accumulate a fund for retirement by making deposits of $100 at the beginning of each month for 15 years followed by deposits of $200 at the beginning of each month for the next 15 years. Starting at age 65 withdrawals will ..
Cindy borrows 13,500 for 12 years at an annual effective interest rate of i. She accumulates the amount necessary to repay the loan by a sinking fund. Cindy makes 12 payments of P at the end of each year, which includes payment on the loan at an annu..
Skye Flyer, Inc., has weekly credit sales of $48,400, and the average collection period is 18 days. What is the average accounts receivable figure?
For project A, the cash flow effect from the change in net working capital is expected to be -100 dollars at time 2, the level of net working capital is expected to be 1,000 dollars at time 0, and the level of net working capital is expected to be 1,..
You are given the following information for Huntington Power Co. Assume the company’s tax rate is 38 percent. Debt: 10,000 6.5 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bonds make se..
Laverne Industries stock has a beta of 1.43. The company just paid a dividend of $.93, and the dividends are expected to grow at 5.3 percent. The expected return of the market is 11.8 percent, and Treasury bills are yielding 5.3 percent. The most rec..
The one year spot rate is 2%, the two-year spot rate is 3%, the three-year spot rate is 4% and the four-year spot rate is 5%. How many forward rates are there over the four-year period? Identify each forward rate with the symbol F which represents th..
The preceding problems can be solved using the interest tables supplied in Appendix A. To test your ability to construct your own interest factors or to use a financial calculator, solve the following problems. You place $1,300 in a savings account t..
Cooling Tools, Inc. is currently producing 1,118 of small refrigerators per month but the company’s CEO plans to increase production at a rate of 7.10 percent per month until the firm is producing 5,273 of refrigerators per month. How many months wil..
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