Business Math & Statistics - Ivy Software ACTUAL UPDATED QUESTIONS AND
CORRECT ANSWERS
x^5 = 32 x=2
solve for x
2^x = 16 x=4
solve for x
Solve for x and y for these simultaneous equations: x=3
3x = 14-5y y=1
7x+2y = 23
Equation for Total Cost Total costs = (variable cost per unit * number of units produced) + Fixed Costs
, Material $75/television $ 5,650,000
Direct Labor $40/television
New Manufacturing Equipment $1,500,000
Modifications to Factory $3,000,000
If this company is considering building 10,000 units this
year (and needs money for the entire year allotted to it
now for this purpose), for how much should the president
ask?
Contribution Margin (price per unit X # of units sold) - (variable cost per unit X units sold)
Breakeven Breakeven = Fixed Costs/Contribution Margin per unit
A company is making a product and has invested [($75,000*5) + $100,000] / $50/unit = 9,500 (breakeven level in units)
$100,000 on an advertising campaign and $75,000 each
on five salespeople (annual salary, including benefits and
support). These are the only fixed costs that the company
has assigned to the product, and the contribution margin
per unit is $50. To cover those fixed costs, how many units
will the company have to sell to breakeven?
abscissa The x-coordinate of a point (independent variable)
ordinate The y-coordinate of a point (dependent variable)
True/False: the fixed costs for a certain project are $50 False. It would be y = 50 + 2x
and it costs $2 to produce one unit. The equation that
relates y (total costs) to x (total number of units
produced) is y = 2 + 50x
Which of the following is the monomial expression? B) 143x^4 + 3x^4 - its the only term where the x's can be added together to get
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6 one term
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76
Write an equation to related total cost to number of y = 19x + 5
driveways paved.
Asphalt, tar & concrete/driveway = $7,000
Direct Labor/Driveway = $12,000
Office Expenses & Other Labor = $5,000
CORRECT ANSWERS
x^5 = 32 x=2
solve for x
2^x = 16 x=4
solve for x
Solve for x and y for these simultaneous equations: x=3
3x = 14-5y y=1
7x+2y = 23
Equation for Total Cost Total costs = (variable cost per unit * number of units produced) + Fixed Costs
, Material $75/television $ 5,650,000
Direct Labor $40/television
New Manufacturing Equipment $1,500,000
Modifications to Factory $3,000,000
If this company is considering building 10,000 units this
year (and needs money for the entire year allotted to it
now for this purpose), for how much should the president
ask?
Contribution Margin (price per unit X # of units sold) - (variable cost per unit X units sold)
Breakeven Breakeven = Fixed Costs/Contribution Margin per unit
A company is making a product and has invested [($75,000*5) + $100,000] / $50/unit = 9,500 (breakeven level in units)
$100,000 on an advertising campaign and $75,000 each
on five salespeople (annual salary, including benefits and
support). These are the only fixed costs that the company
has assigned to the product, and the contribution margin
per unit is $50. To cover those fixed costs, how many units
will the company have to sell to breakeven?
abscissa The x-coordinate of a point (independent variable)
ordinate The y-coordinate of a point (dependent variable)
True/False: the fixed costs for a certain project are $50 False. It would be y = 50 + 2x
and it costs $2 to produce one unit. The equation that
relates y (total costs) to x (total number of units
produced) is y = 2 + 50x
Which of the following is the monomial expression? B) 143x^4 + 3x^4 - its the only term where the x's can be added together to get
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6 one term
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76
Write an equation to related total cost to number of y = 19x + 5
driveways paved.
Asphalt, tar & concrete/driveway = $7,000
Direct Labor/Driveway = $12,000
Office Expenses & Other Labor = $5,000
