At what price must they start selling the pens?

Q: Water damage from a major flood in a Midwestern city resulted in damages estimated at $108 million.…

A:

Q: Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years. What are your…

A: Hi! Thank you for the question, As per the honour code, we are allowed to answer three sub-parts at…

Q: The manager of a large apartment complex knows from experience that 85 units will be occupied if the…

A: Given,           The manager of a large apartment complex knows from experience that 120 units will…

Q: In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in…

A: Let there are x ED shares and y NGG shares.ED share and NGG share both  costs $50 eachYou have…

Q: $16,000 in prize money will be divided between the 3rd, 2nd, and 1st place winners using a ratio of…

A: According to the provided information, the total winning prize is $1600 which will distribute the…

Q: A manager has determined that a potential new product can be sold at a price of $29.00 each. The…

A: The formula for Break-even point is,

Q: Your mayor just announced that the local unemployment rate dropped from 10.5% to 10.4% from the…

A: For the given scenario, there is no sufficient information provided for determination of the…

Q: Aharon and Patricia plan to file jointly and they currently project a taxable income of $142,250.…

A: Given that - Aharon and Patricia plan to file jointly and they currently project a taxable income of…

Q: 4. According to a government agency, there were 98,600 chefs/head cooks employed in the United…

A: According to the given information, Number of chefs employed in USA in 2010 = 98,600 Number of chefs…

Q: Priscilla invested $20,000 at a rate of 12% over 5 years. Much to her surprise, her investment paid…

A:

Q: n​ 2016, the US population was 323​ million, the federal debt was​ $19.5 trillion, and the federal…

A: Given that  US Population (n) = 323 million Federal debt = $19.5 trillion = 19,500,000 million.…

Q: You want to be able to withdraw $40,000 from your account each year for 25 years after you retire.…

A:

Q: In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in…

A:

Q: Suppose that you have $15,000 in a rather risky investment recommended by your financial advisor.…

A:

Q: Suppose your salary in 2012 is $70,000. If the annual inflation rate is 5%, what salary do you need…

A:

Q: Steve Forbes ran for U.S. president in 1996 and 2000 on a platform proposing a 17% flat tax, that…

A: Use the table to first check in which category does Joe lies. Now determine the amount of total tax…

Q: the lottery winner who is going to invest in utility bonds and a savings account using the following…

A: Given, total winnings are $ 4,00,000, that the utility bonds will pay 3 percent per year, and that…

Q: Suppose car prices rise at a 3.2% annual rate for the next 18 years.  If a car costs $23,000 today,…

A: We want to find cost of car after 18 years from now

Q: The value of a parcel of land, now worth $90,000, is expected to increase at an annual rate of 7.75%…

A:

Q: 2. A computer shop charges P20.00 per hour (or a fraction of an hour) for the first two hours and an…

A: For first 2 hours, charge = P 20.00*2 = P 40.00 So the remaining time = 5.5- 2 = 3.5 hrs. So,…

Q: A father deposited a total amount of P88,500 on two different investments. The first investment…

A: Formula:final amount = principal amount(1+rt) Let, the first investment=xThe second investment…

Q: Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.75 each. If a spoilage rate of 5% is…

A: Cost of making 200 cherry cheesecakes = 200 × 2.75 = $550 5 % of cherry cakes spoiled = 5100×200 =…

Q: Arnold loans you $1800 and asks you to pay them back $2200 after 6 months.  What was the annual…

A:

Q: How much will a U.S. Treasury bill (T-bill) be worth after 4 months if it was bought for $4,000 and…

A: To calculate the total amount, use the following simple interest formulae. Interest, I=Pnr100Total…

Q: A real estate photographer would like to invest in a drone camera so that she can take better aerial…

A: Given: Cost of drone =$1800 which is used for the next 2 years The generated additional; photography…

Q: A mechanical tool was bought in the net amount of P79, 135. If the second discount rate was 5 % of…

A: Let the rate of the first discount be x%. Given that the tag price was P98,000. The cost price of…

Q: The average annual cost of college at 4 year private college was $29,056 in the 2012-2013 academic…

A: Part (a)Average annual cost of college in the 2012-2013, A0 = $29,056Growth rate per annum, g =…

Q: There is an athletic organization named Jingle Jangle plans to invest P100,000 to host soccer game.…

A: Given: Total investment = P10000 Expected selling tickets worth = 500000 P(Rain) = 0.2 P(No rain)= =…

Q: 1. How much interest is earned when an amount of 100,000Php is invested with annual interest rate of…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer one question at a…

Q: During the first quarter of 2015, Plains All American Pipeline L.P. (PAA) stock cost $50 per share…

A: Let ‘x’ be the number of shares of PAA stock.Let ‘y’ be the number of shares of TOT stock.

Q: Mr. Yonus had a sum of money and he wants to double them in a period of 5 ½ years. He approached…

A:

Q: Suppose you have the alternative of receiving either $24,000 at the end of seven years or P dollars…

A: We have given that Future value  = 24000 r = 5%  n  = 7

Q: Decide whether the following statement makes sense (or is clearly true) or does not make sense (or…

A: SolutionStep 1:Average annual return is a percentage used when reporting the historical return. It…

Q: Mrs. Peters needed to raise money to bring her class to the Air and Space Museum in Washington, D.C.…

A: class was raising an average of $55 every day from online donations.   after he posted a story class…

Q: March 2019, the Hartford Courant reported that "Newington Town Manager Tanya Lane proposed a $124.2…

A: Given query is to find budget of previous year.

Q: In the year 1980, the median price for a house in New Jersey was $119,200. By the year 2000, the…

A: We have the formula for annual growth rate in percent r=final priceInitial price1n-1×100

Q: Use this information for the following 2 questions: The BU chapter of Habitat for Humanity wants to…

A: Given : Present Value (PV) = $10 Million $10 Million = $10000000 Funding to Increase by 3% per year…

Q: Latoya is taking out a mortgage for $145,000 to buy a new house and is deciding between the offers…

A: Consider the provided question, Latoya Is taking out a mortgage for $145,000 to buy a new house and…

Q: Your friend told you that she invested $1,000 in a portfolio of large-company stocks 5 years ago and…

A: An investor will want to invest into bonds because bonds are offering with the secured rate of…

Q: As an employee, would you have a higher final income after being given a $1800 raise at the end of…

A: Case I :  It has been given that $1800 raise at the end of each year for 5 years.            So in 5…

Q: After it has been harvested, corn stored at a particular temperature will lose market value at a…

A: Given:  Market Value decrease at a rate of 7%  per day. Initial Market value is:  $81,050

Q: suppose that your​ long-lost Aunt Sara has left you an unexpected inheritance of ​$22,400. You have…

A: Let x (dollars) be the amount of money to be invested in stocks. Amount to be invested in bonds =…

Q: Suppose you have a $60,000 loan with an annual percentage rate of 8% for 25 years. a. What are your…

A:

Q: Suppose a bakery makes 200 cherry cheesecakes at a cost of $2.55 each. If a spoilage rate of 5% is…

A: The each cheesecake is 2.55 each. The cost for 200 cherry cheesecakes is 200×2.55=490. Given that…

Q: Suppose that you have $9,000 in a rather risky investment recommended by your financial advisor.…

A: Given that you have $9,000 in a rather risky investment recommended by your financial advisor.…

Q: Use the Corporate Income Tax information above to answer this question. A corporation has a taxable…

A:

Q: A phone company charges an activation fee of $27.00, plus a cost of  $50.00 for a monthly plan.…

A: Given: A phone company charges an activation fee of $27.00, plus a cost of  $50.00 for a monthly…

Q: Supriya invested $14,320 in a highly rated ETF. At the end of four years, she had $18,434. What was…

A: Principal = $ 14,320, Amount = $ 18,434, Time = 4 years Here n=1, because annual yield is to be…

Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence.  It was invented by German mathematician Carl Friedrich Gauss.