BUSINESS MATH & STATISTICS IVY SOFTWARE
EXAM, LATEST EXPERT UPDATE (2024-
2025)|BRAND NEW VERIFIED EXAM
QUESTIONS AND CORRECT ANSWERS,ALL
GRADED A+|GUARANTEED SUCCESS.
,x^5 = 32
solve for x - ANSWER✅✅x = 2
x^5=32
x=[(^5)√32]
x=2
2^x = 16
solve for x - ANSWER✅✅x = 4
Solve for x and y for these simultaneous equations:
3x = 14-5y
7x+2y = 23 - ANSWER✅✅x = 3
y=1
Equation for Total Cost - ANSWER✅✅Total costs = (variable cost per unit * number
of units produced) + Fixed Costs
Material $75/television
Direct Labor $40/television
New Manufacturing Equipment $1,500,000
Modifications to Factory $3,000,000
If this company is considering building 10,000 units this year (and needs money for
the entire year allotted to it now for this purpose), for how much should the
president ask? - ANSWER✅✅$ 5,650,000
Contribution Margin - ANSWER✅✅(price per unit X * # of units sold) - (variable cost
per unit X * units sold)
Breakeven - ANSWER✅✅Breakeven = Fixed Costs/Contribution Margin per unit
A company is making a product and has invested $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? - ANSWER✅✅[($75,000*5)
+ $100,000] / $50/unit = 9,500 (breakeven level in units)
abscissa - ANSWER✅✅The x-coordinate of a point (independent variable)
ordinate - ANSWER✅✅The y-coordinate of a point (dependent variable)
True/False: the fixed costs for a certain project are $50 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 - ANSWER✅✅False. It would be y = 50 + 2x
, Which of the following is the monomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - ANSWER✅✅B) 143x^4 + 3x^4 - its the only term
where the x's can be added together to get one term
Write an equation to related total cost to number of driveways paved.
Asphalt, tar & concrete/driveway = $7,000
Direct Labor/Driveway = $12,000
Office Expenses & Other Labor = $5,000 - ANSWER✅✅y = 19x + 5
Total Costs = (Variable costs per unit * Units of Production) + Fixed Costs
Which of the following is the binomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - ANSWER✅✅C) 143x^4 + 78x^4 + 6x^4 + 76 - tis the
only term where the x's can be added together to get two terms
Which of the following is the trinomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - ANSWER✅✅A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6 - its
the only term where the x's can be added together to get three terms
True/False: the Contribution Margin is the amount that can be contributed to fixed
costs. - ANSWER✅✅True: the contribution margin is the amount the company
receives from the sales of its product minus the product's variable costs. Therefore,
the amount remaining (after variable costs) can be used to pay the company's fixed
costs.
True/False: When the following equation hold true, we are at the breakeven level in
dollars:
Sales - Variable Costs = Fixed Costs - ANSWER✅✅True
True/False: for the equation 2x - 3y = 6, the x and y intercepts are x=3, y=-2 -
ANSWER✅✅True
When solving for an unknown variable that has a number preceding it, you will
divide both sides of the equation by this number, which is known as the:
A) base
B) power
C) exponent
D) coefficient
E) none of the above - ANSWER✅✅D) coefficient
EXAM, LATEST EXPERT UPDATE (2024-
2025)|BRAND NEW VERIFIED EXAM
QUESTIONS AND CORRECT ANSWERS,ALL
GRADED A+|GUARANTEED SUCCESS.
,x^5 = 32
solve for x - ANSWER✅✅x = 2
x^5=32
x=[(^5)√32]
x=2
2^x = 16
solve for x - ANSWER✅✅x = 4
Solve for x and y for these simultaneous equations:
3x = 14-5y
7x+2y = 23 - ANSWER✅✅x = 3
y=1
Equation for Total Cost - ANSWER✅✅Total costs = (variable cost per unit * number
of units produced) + Fixed Costs
Material $75/television
Direct Labor $40/television
New Manufacturing Equipment $1,500,000
Modifications to Factory $3,000,000
If this company is considering building 10,000 units this year (and needs money for
the entire year allotted to it now for this purpose), for how much should the
president ask? - ANSWER✅✅$ 5,650,000
Contribution Margin - ANSWER✅✅(price per unit X * # of units sold) - (variable cost
per unit X * units sold)
Breakeven - ANSWER✅✅Breakeven = Fixed Costs/Contribution Margin per unit
A company is making a product and has invested $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? - ANSWER✅✅[($75,000*5)
+ $100,000] / $50/unit = 9,500 (breakeven level in units)
abscissa - ANSWER✅✅The x-coordinate of a point (independent variable)
ordinate - ANSWER✅✅The y-coordinate of a point (dependent variable)
True/False: the fixed costs for a certain project are $50 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 - ANSWER✅✅False. It would be y = 50 + 2x
, Which of the following is the monomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - ANSWER✅✅B) 143x^4 + 3x^4 - its the only term
where the x's can be added together to get one term
Write an equation to related total cost to number of driveways paved.
Asphalt, tar & concrete/driveway = $7,000
Direct Labor/Driveway = $12,000
Office Expenses & Other Labor = $5,000 - ANSWER✅✅y = 19x + 5
Total Costs = (Variable costs per unit * Units of Production) + Fixed Costs
Which of the following is the binomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - ANSWER✅✅C) 143x^4 + 78x^4 + 6x^4 + 76 - tis the
only term where the x's can be added together to get two terms
Which of the following is the trinomial expression?
A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4 + 76 - ANSWER✅✅A) 4x^3 + 6x^4 +12x^3 + 45x^4 +6 - its
the only term where the x's can be added together to get three terms
True/False: the Contribution Margin is the amount that can be contributed to fixed
costs. - ANSWER✅✅True: the contribution margin is the amount the company
receives from the sales of its product minus the product's variable costs. Therefore,
the amount remaining (after variable costs) can be used to pay the company's fixed
costs.
True/False: When the following equation hold true, we are at the breakeven level in
dollars:
Sales - Variable Costs = Fixed Costs - ANSWER✅✅True
True/False: for the equation 2x - 3y = 6, the x and y intercepts are x=3, y=-2 -
ANSWER✅✅True
When solving for an unknown variable that has a number preceding it, you will
divide both sides of the equation by this number, which is known as the:
A) base
B) power
C) exponent
D) coefficient
E) none of the above - ANSWER✅✅D) coefficient
