IVY SOFTWARE BUSINESS MATH AND STATISTICS EXAM|
ACTUAL QUESTIONS AND VERIFIED CORRECT ANSWERS
(GRADED A+)| LATEST UPDATE
x^5 = 32
solve for x
x=2
2^x = 16
solve for x
x=4
Solve for x and y for these simultaneous equations:
3x = 14-5y
7x+2y = 23
x=3
y=1
,Equation for Total Cost
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?
$ 5,650,000
Contribution Margin
(price per unit X # of units sold) - (variable cost per unit X units sold)
Breakeven
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?
[($75,000*5) + $100,000] / $50/unit = 9,500 (breakeven level in units)
abscissa
The x-coordinate of a point (independent variable)
ordinate
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
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
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
y = 19x + 5
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
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
ACTUAL QUESTIONS AND VERIFIED CORRECT ANSWERS
(GRADED A+)| LATEST UPDATE
x^5 = 32
solve for x
x=2
2^x = 16
solve for x
x=4
Solve for x and y for these simultaneous equations:
3x = 14-5y
7x+2y = 23
x=3
y=1
,Equation for Total Cost
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?
$ 5,650,000
Contribution Margin
(price per unit X # of units sold) - (variable cost per unit X units sold)
Breakeven
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?
[($75,000*5) + $100,000] / $50/unit = 9,500 (breakeven level in units)
abscissa
The x-coordinate of a point (independent variable)
ordinate
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
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
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
y = 19x + 5
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
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
