Solution Library


Calculate Simple Interest For Small Debt

Question Allan owes value furniture $1600, which is scheduled be paid on august 15. Allan has a surplus of funds on June 15 and will settle the early if Value Furniture will make an adjustment reflecting the current short term simple interest rate should be of 7.25%. What amount should be acceptabl ... Read More

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Calculate Simple Interest For Small Loan

Question Bert borrowed $7500 from Delores on November 7, 1997. When Bert repaid the loan, Delores charged $190.02 interest. If the rate of simple interest on the loan was 6 3/4%, on what date did Bert repay the loan? Summary The question belongs to Mathematics and it discusses about calculation o ... Read More

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Calculation Of Simple Interest For Bank Deposits

Question For investments of $5000 to $24,999, a bank quotes interest rates of 5.75% simple interest on 90 day GIC’s and 6% simple interest on 180 day GICs. How much more interest will and investor earn by placing $15,000 in a 180 day GIC than by purchasing two consecutive 90 day GICs? Assume ... Read More

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Calculation Of Inventory Of A Company

Question A pharmacy marks up its springtime shipment of sunglasses to provide for overhead expenses of 40% of cost and a profit of 70% of cost. At the end of the summer, what rate of markdown can the pharmacy apply to the remaining inventory of sunglasses and still break even on sales at this level ... Read More

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Calculation Of Principal Amount Of A Loan

Question The total accrued interest owed as of August 31 on a loan advanced the preceding June 3 was $169.66. If the variable interest rate started at 8 3/4% interest, rose to 9% effective July 1, and increased another ½% effective July 31, what was the principal amount of the loan. Summary ... Read More

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Calculation Of Annual Salaries Of Partners And Accounting Technicians Of A Company

Question A partnership in a public accounting practice has 7 partners and 12 accounting technicians. Each partner draws the same salary, and each technician is paid the same salary. The partners calculate that if they give the technician a raise of 8% and if they increase their own salaries by 5%, ... Read More

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Calculation Of Implied Value Of Partnership Interest

Question Shirley had three sevenths interest in a partnership. She sold three fifths of her interest of $27,000. a. What is the implied value of Shirley remaining partnership interest? b. What is the implied value of the entire partnership? Summary The question belongs to Mathematics and it dis ... Read More

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Calculation Of Labor Productivity And Capital Productivity

Question A factory produces 50,000 units monthly; each unit is sold for $25. The factory operates on a one shift basis, six days a week. Number of operators is 100. Labor rate is estimated at $10/hr. Material cost is $20,000. Calculate: (a) Labor productivity (b) Capital productivity. Summary T ... Read More

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Calculation Of Optimum Operator –Machine Interaction

Question The operator-machine interaction in a workshop is summarized in the steps below. Is it more economic to assign a worker to service: a) 2 machines; or b) 3 machines, given that the operator earns $12/hr and the machine costs $18/hr to operate. (a) Machining time = 2.0 min, (b) Loading time ... Read More

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Preparing From-To-Matrix And Determining Space Requirements

Question Arrange five departments in a factory to minimize the material handling costs. Each department is 20 × 20 feet and the building is 100 feet long and 200 feet wide. Construct a “from-to matrix” Determine the space requirements Develop an initial schematic diagram De ... Read More

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Setting Up Differential Equation For Finance Problem

Question In the interest of saving up enough money for retirement, you have created a bank account to store a sum of money. Compound interest on this account is accumulated at 6% a month, but you withdraw 500 a month for living expenses. Set up the differential equation to describe the above equati ... Read More

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Classify Differential Equations Whether They Are Linear Or Nonlinear

Question Classify the following differential equations as linear/nonlinear. Also, what is the order of the following differential equations? a) xy’ – 2y = x b) xy’’ – 2y’ = xsin(y)   Summary The question belongs to Mathematics and it discusses about cla ... Read More

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