Financial Math Answers

Mr. Asyraf’s annual salary in 2008 is RM30 000 per annum. His annual salary

increment is RM1320. Find

a) His annual salary in 2027

b) The total salary received from 2008 to 2027

Network Systems is introducing a new network card. Suppose Network Systems knows its fixed costs are $600,000, its variable costs are $500 per card, and it must sell 15,000 cards to break even the first year. What is the minimum price per unit it should charge?

Lauren is a salesperson at Koslow's Tires. She is paid a monthly commission. She receives 6% of her first $1,000 in sales and 11% of the balance of her sales. Today she earned $203. What was the total of her sales?

Using the profit function,  p(x)=-900p^2+22,100p-100,000 find the price per unit at which the maximum profit is obtained.

Suppose the revenue (R), in dollars, from selling (x) clocks is  . The cost (C), in dollars, of selling (x) clocks is C(x)=0.1^2+7x+400.  Find the profit function P(x).

A company sells a product at $60 per unit that has unit variable costs of $40. The company's break-even sales volume is $120,000. How much profit will the company make if it sells 4,000 units?

A. $240,000

b. $40,000

c. 80,000

D. 120,000

Carl owns Carl's interiors. His direct cost for making furniture in his factory are: raw materials $14,530 and labor $8,532. Factory overhead assessment at 12% of dirt cost. What is the total manufacturing cost for the making the product?

Well company incurred $30,000 of fixed cost and 40,000 variable cost 2000 units of product were made and sold. It's a company as volume doubles the cost per unit will ____.

In Kayla's state, the weekly unemployment compensation is 50% of the 26-week average for the two highest-salaried quarters. For October, November, and December, Kayla earned a total of $15,210. For January, February, and March, she earned $16,210. Calculate Kayla's weekly unemployment compensation.

a. $604.23 b. $1,208.46 c. $302.12 d. $7,855.00

John is the manager at Highway One Electronics. He has been working there for 25 years, and will be retiring at the end of the year. His pension is figured by taking the average of his four highest years of salary. He earned $79,000, $82,000, $83,210, and $84,510 for those four years. His pension plan states that he will get 1.5% of that average for each year he worked. What is his monthly pension amount?

a. $31,691.25 b. $2,568.13 c. $2,640.94 d. $31,290.23