Contemporary Mathematics for Business & Consumers
8th Edition
ISBN: 9781305585447
Author: Robert Brechner, Geroge Bergeman
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Concept explainers
Textbook Question
Chapter 5, Problem 24AT
Set up and solve equations for the following business situations.
Do It Best Hardware is offering a 140-piece mechanic’s tool set plus a $65 tool chest for $226. What is the cost per tool?
Do it Best Corp. engages in the wholesale distribution of hardware, lumber, builder supplies, and related products. The company is a member- owned cooperative and is guided by the members of the board of directors. This group is entirely composed of and elected by Do it Best Corp. stockholders—those hardware, lumber, and home center store owners who make up the 4,100 member-retailers in the United States and in 45 countries around the world.
Sources: www.doltbestcorp.com and www.businessweek.com
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solutionStudents have asked these similar questions
Jesaki Publishing is planning for a new novel, and figures fixed costs (overhead, advances, promotion, copy editing, typesetting) at $65,000, and variable costs (printing, paper, binding, shipping) at $1.60 for each book produced. The book will be sold to distributors for $12 each.
Answer the following questions about this venture.
How many books must be produced and sold for Jesaki Publishing to break even?
books. Round to the nearest book.
Marciopa's sucess fund recieves a gift of $135,000. The money iz invesfed in stocks bonds and CDs. CDs pay 4% interest, bonds 2.9% interest, and stocks 8.6% interest. Maricopa invests $55,000 more in bonds than in CDs. If the annual income from investments is $6,415.. how much is invested in each account?
stocks ____
bonds _____
CDs ____
A Toot can be made in 30 minutes and has a feather attached to it. A Wheet requires 15 minutes, has two feathers, and is sprinkled with 0.5 oz of sequin powder. A Honk requires 30 minutes, has three feathers, and one oz. of sequin powder. The net profit is $0.40 per Toot, $0.50 per Wheet, and $0.80 per Honk. The following resources are available: 4800 minutes of labor, 360 feathers, and 90 oz. of sequin powder. Determine the quantity of each type of noisemaker that maximizes profit.
Chapter 5 Solutions
Contemporary Mathematics for Business & Consumers
Ch. 5.I - Solve the following equations for the unknown and...Ch. 5.I - Prob. 2TIECh. 5.I - Prob. 3TIECh. 5.I - Prob. 4TIECh. 5.I - Solve the following equations for the unknown and...Ch. 5.I - Prob. 6TIECh. 5.I - Prob. 7TIECh. 5.I - Prob. 8TIECh. 5.I - Prob. 9TIECh. 5.I - For the following statements, underline the key...
Ch. 5.I - Prob. 1RECh. 5.I - Prob. 2RECh. 5.I - Prob. 3RECh. 5.I - Prob. 4RECh. 5.I - Prob. 5RECh. 5.I - Prob. 6RECh. 5.I - Prob. 7RECh. 5.I - Prob. 8RECh. 5.I - Prob. 9RECh. 5.I - Prob. 10RECh. 5.I - Prob. 11RECh. 5.I - Prob. 12RECh. 5.I - Prob. 13RECh. 5.I - Prob. 14RECh. 5.I - Prob. 15RECh. 5.I - Prob. 16RECh. 5.I - Prob. 17RECh. 5.I - For the following statements, underline the key...Ch. 5.I - Prob. 19RECh. 5.I - Prob. 20RECh. 5.I - Prob. 21RECh. 5.I - Prob. 22RECh. 5.I - Prob. 23RECh. 5.I - Prob. 24RECh. 5.I - For the following statements, underline the key...Ch. 5.I - Prob. 26RECh. 5.I - Prob. 27RECh. 5.I - Prob. 28RECh. 5.I - Prob. 29RECh. 5.I - Prob. 30RECh. 5.I - For the following statements, underline the key...Ch. 5.I - Grouping symbols are used to arrange numbers,...Ch. 5.II - Don and Chuck are salespeople for Security One...Ch. 5.II - One-third of the checking accounts at the...Ch. 5.II - Prob. 13TIECh. 5.II - Prob. 14TIECh. 5.II - Last week Comfy Cozy Furniture sold 520 items. It...Ch. 5.II - REI (Recreational Equipment Incorporated) sells a...Ch. 5.II - Prob. 17TIECh. 5.II - Prob. 1RECh. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Prob. 4RECh. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Prob. 16RECh. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Set up and solve equations for the following...Ch. 5.II - Use ratio and proportion to solve the following...Ch. 5.II - Use ratio and proportion to solve the following...Ch. 5.II - Prob. 22RECh. 5.II - Prob. 23RECh. 5.II - Use ratio and proportion to solve the following...Ch. 5.II - Prob. 25RECh. 5.II - Use ratio and proportion to solve the following...Ch. 5.II - Use ratio and proportion to solve the following...Ch. 5.II - Use ratio and proportion to solve the following...Ch. 5.II - Use ratio and proportion to solve the following...Ch. 5.II - 30. In a move to provide additional sales for U.S....Ch. 5 - A(n) ______ is a mathematical statement describing...Ch. 5 - A mathematical statement expressing a relationship...Ch. 5 - Prob. 3CRCh. 5 - Prob. 4CRCh. 5 - The numerical value of the unknown that makes an...Ch. 5 - Prob. 6CRCh. 5 - 7. To transpose means to bring a term from one...Ch. 5 - Prob. 8CRCh. 5 - 9. To prove the solution of an equation, we...Ch. 5 - Prob. 10CRCh. 5 - Prob. 11CRCh. 5 - 12. A comparison of two quantities by division is...Ch. 5 - Prob. 13CRCh. 5 - Prob. 14CRCh. 5 - Prob. 1ATCh. 5 - Prob. 2ATCh. 5 - Solve the following equations for the unknown and...Ch. 5 - Prob. 4ATCh. 5 - Prob. 5ATCh. 5 - Prob. 6ATCh. 5 - Prob. 7ATCh. 5 - Prob. 8ATCh. 5 - Prob. 9ATCh. 5 - Prob. 10ATCh. 5 - For the following statements, underline the key...Ch. 5 - Prob. 12ATCh. 5 - Prob. 13ATCh. 5 - Prob. 14ATCh. 5 - Prob. 15ATCh. 5 - For the following statements, underline the key...Ch. 5 - Prob. 17ATCh. 5 - Prob. 18ATCh. 5 - Set up and solve equations for each of the...Ch. 5 - Set up and solve equations for each of the...Ch. 5 - Prob. 21ATCh. 5 - Set up and solve equations for each of the...Ch. 5 - Prob. 23ATCh. 5 - Set up and solve equations for the following...Ch. 5 - Set up and solve equations for the following...Ch. 5 - Set up and solve equations for the following...Ch. 5 - Set up and solve equations for the following...Ch. 5 - Set up and solve equations for the following...Ch. 5 - Set up and solve equations for the following...Ch. 5 - Prob. 30ATCh. 5 - Use ratio and proportion to solve the following...Ch. 5 - Use ratio and proportion to solve the following...Ch. 5 - Use ratio and proportion to solve the following...Ch. 5 - 34. One special type of ratio is known as a rate....
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, subject and related others by exploring similar questions and additional content below.Similar questions
- A Toot can be made in 30 minutes and has a feather attached to it. A Wheet requires 15 minutes, has two feathers, and is sprinkled with 0.5 oz of sequin powder. A Honk requires 30 minutes, has three feathers, and one oz. of sequin powder. The net profit is $0.40 per Toot, $0.50 per Wheet, and $0.80 per Honk. The following resources are available: 80 hrs of labor, 360 feathers, and 90 oz. of sequin powder. Determine the quantity of each type of noisemaker that maximizes profit.arrow_forwardYou and the other hamburger shops that just opened in your area are all selling the same basic hamburgers. Every other shop is selling their hamburgers for $2.00 per hamburger. You are now a price taker in a perfectly competitive market where the price of a hamburger is $2.00. a. Download the Hamburger Shop Revenue and Profit table and fill it out. Upload your complete table in the space below. b. Based on your current quantities and costs, can you sell a hamburger for $2.00 and still make a profit? Explain your answer using information from the table. c. Identify at least one positive and negative externality from running a hamburger shop. . What is one example of how an externality could affect the price of your hamburger?arrow_forwardParent volunteers at Somerville High School are processing yearbook order forms. Students have an option to get the basic yearbook or a deluxe option, which includes engraving and a protective cover. In Mrs. Hammond's class, 6 basic yearbooks and 4 deluxe yearbooks were ordered, for a total of $738. The students in Mr. Allen's class ordered 26 basic yearbooks and 4 deluxe yearbooks, for a total of $2,038. How much does each option cost?arrow_forward
- A contractor, Susan Meyer, has to haul gravel to three building sites. She can purchase as much as 18 tons at a gravel pit in the north of the city and 14 tons at one in the south. She needs 10, 5, and 10 tons at sites 1, 2, and 3, respectively. The purchase price per ton at each gravel pit and the hauling cost per ton are given in the table below. Susan wishes to determine how much to haul from each pit to each site to minimize the total cost for purchasing and hauling gravel. Hauling Cost per Ton at Site Pit 1 3 Price per Ton North $30 $60 $50 $100 South $60 $30 $40 $120 Now suppose that trucks (and their drivers) need to be hired to do the hauling, where each truck can only be used to haul gravel from a single pit to a single site. Each truck can haul 5 tons, and the cost per truck is five times the hauling cost per ton given above. Only full trucks would be used to supply each site. a. Formulate this problem as an assignment problem by constructing the appropriate cost table,…arrow_forwardFive friends (Amari, Blake, Emerson, Jamie, and Kai) have a weekly meetup for dinner. During the first week Blake pays $25 and Jamie pays $50. to cover the group’s expenses. During the second week Amari pays $50., Emerson pays $25, and Kai pays $25. During the third week Amari pays $15, Blake pays $30., Jamie pays $35, and Kai pays $30. During the fourth week Emerson and Kai both pay $35. The five friends then decide to split all of the dinners equally and calculate who owes who how much money. a. Who ends up owing money and how much does each person owe? b. Write out the fewest transactions needed to ‘settle up’ (make it so everyone paid the same amount). Example: Kai pays Amari $20arrow_forwardA campus student group is raising funds for charity by selling cups of boba tea. The expenses incurred by this student group are the cost of materials, estimated at $2 per cup (tea, boba, milk, sugar, cups, the big honking straws, napkins, etc.) and the $150 cost of renting the brewing and cooking space. The group will charge students $4 for each cup.a. Write down the associated cost, revenue, and profit functions. b. How many cups of boba must they sell to break even?c. What profit (or loss) results from the sale of 50 cups?arrow_forward
- Lee and Fred are elementary school teachers. Fred works for a charter school in Pacific Palisades, California, where class size reduction is a goal for 2019. Lee works for a noncharter school where funds do not allow for class size reduction policies. Lee's fifth- grade class has 1.9 times as many students as Fred's. a. If there are a total of 58 students, how many students does Fred's class have? (Round your answer to the nearest whole number.) Number of students b. If there are a total of 58 students, how many students does Lee's class have? (Round your answer to the nearest whole number.) Number of studentsarrow_forwardCountry Day's scholarship fund receives a gift of $ 135000. The money is invested in stocks, bonds, and CDs. CDs pay 3.25 % interest, bonds pay 2.2 % interest, and stocks pay 11.5 % interest. Country day invests $35000 more in bonds than in CDs. If the annual income from the investments is $ 7882.5 , how much was invested in each vehicle? Country Day invested $ in stocks. Country Day invested $ in bonds. Country Day invested $ in CDs.arrow_forwardFlint lab produces 4 high tech product types. Each of the products must be wired, drilled, assembled and checked for quality standard before being delivered to consumers. The time requirement and profit for each product are as follows. Product A: 0.5 hr for wiring, 3 hrs for drilling, 1 hr for assembling, and 0.5 hr for inspection. One product A can be sold for $10 per unit. Product B: 1.5 hr for wiring, 1 hrs for drilling, 3 hrs for assembling, and 1 hr for inspection. One product B can be sold for $13 per unit. Product C: 1.5 hr for wiring, 2 hrs for drilling, 3 hrs for assembling, and 0.5 hr for inspection. One product C can be sold for $16 per unit. Product D: 1 hr for wiring, 3 hrs for drilling, 2 hrs for assembling, and 0.5 hr for inspection. One product D can be sold for $12 per unit. The maximum capacity for wiring, drilling, assembly, and inspection are 1500 hrs; 2350 hrs; 2600 hrs; and 1200 hrs respectively. Flint lab requires that there will be at least 150 units of A, 100…arrow_forward
- A sporting goods store sells 120 pool tables per year. It costs $10 to store one pool table for a year. To reorder, there is a fixed cost of $24 per shipment plus $15 for each pool table. How many times per year should the store order pool tables, and in what lot size, in order to minimize inventory costs? The store should order pool tables times per year to minimize inventory costs. Enter your answer in each of the answer boxes. MacBook Pro G Search or type URL esc @ # $ 1 4 7 8. delete Q W E R Y tab A F G H. K caps lock C V hift & LO SIarrow_forwardKalamazoo Blooming Nursery is a small company specializing in selling flowers. They developed a new product called Flowers of the Month in which they would send a customer a different flower arrangement every month. KBN charged $52 a month for Flowers of the Month. KBN spent $60,000 on their marketing campaign last year, including advertising, which led to $94,000 extra profit over the year. They estimate that their extra sales last year from this campaign was $80,000 on their usual (baseline}sales of $450,000. From the campaign they acquired 43 subscribers to Flowers of the Month who continued to subscribe to Flowers of the Month for an average of 4 years. What is the lift from this campaign? (Note: multiply answer by 100 to represent %) Your Answer:arrow_forward4 A company manufactures dog leashes that sell for $20.74, including shipping and handling. The monthly fixed costs (advertising, rent, etc.) are $24,359 and the variable costs (materials, shipping, etc.) are $7.23 per leash. How many leashes must be produced and sold each month for the company to break even? leashes. Round to the nearest leash.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Discrete Mathematics and Its Applications ( 8th I...MathISBN:9781259676512Author:Kenneth H RosenPublisher:McGraw-Hill EducationMathematics for Elementary Teachers with Activiti...MathISBN:9780134392790Author:Beckmann, SybillaPublisher:PEARSON
- Thinking Mathematically (7th Edition)MathISBN:9780134683713Author:Robert F. BlitzerPublisher:PEARSONDiscrete Mathematics With ApplicationsMathISBN:9781337694193Author:EPP, Susanna S.Publisher:Cengage Learning,Pathways To Math Literacy (looseleaf)MathISBN:9781259985607Author:David Sobecki Professor, Brian A. MercerPublisher:McGraw-Hill Education
Discrete Mathematics and Its Applications ( 8th I...
Math
ISBN:9781259676512
Author:Kenneth H Rosen
Publisher:McGraw-Hill Education
Mathematics for Elementary Teachers with Activiti...
Math
ISBN:9780134392790
Author:Beckmann, Sybilla
Publisher:PEARSON
Thinking Mathematically (7th Edition)
Math
ISBN:9780134683713
Author:Robert F. Blitzer
Publisher:PEARSON
Discrete Mathematics With Applications
Math
ISBN:9781337694193
Author:EPP, Susanna S.
Publisher:Cengage Learning,
Pathways To Math Literacy (looseleaf)
Math
ISBN:9781259985607
Author:David Sobecki Professor, Brian A. Mercer
Publisher:McGraw-Hill Education
Mod-01 Lec-01 Discrete probability distributions (Part 1); Author: nptelhrd;https://www.youtube.com/watch?v=6x1pL9Yov1k;License: Standard YouTube License, CC-BY
Discrete Probability Distributions; Author: Learn Something;https://www.youtube.com/watch?v=m9U4UelWLFs;License: Standard YouTube License, CC-BY
Probability Distribution Functions (PMF, PDF, CDF); Author: zedstatistics;https://www.youtube.com/watch?v=YXLVjCKVP7U;License: Standard YouTube License, CC-BY
Discrete Distributions: Binomial, Poisson and Hypergeometric | Statistics for Data Science; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=lHhyy4JMigg;License: Standard Youtube License