A car rental company only offers executive and standard cars. An executive car is priced at $130 while a standard car is priced at $65. Suppose that the executive (full-fare) class demand is uniform between 20 and 60 cars. (a) What is the booking limit for standard (discount fare) customers if the rental company has 100 cars? [Select] (b) What is the booking limit for standard (discount fare) customers if the rental company has 30 cars? [Select]
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- M, or L, for Design a method that calculates the monthly cost to rent a roadside billboard. Variables include the size of the billboard small, medium, or large) and its location (H, M, or L for high-, medium-, or low-traffic areas). The method should throw an exception if the size or location code is invalid. The monthly rental cost is shown in Table 11-1. High Traffic Medium Traffic Low Traffic Small size 900.00 500.00 200.00 Medium size 1600.00 1200.00 600.00 Large size 2000.00 1500.00 800.00 Table 11-1 Monthly billboard rental ratesCar Rentals The cost C, in dollars, of a one-day car rental ismodeled by the function C1x2 = 0.35x + 45, where x is thenumber of miles driven.(a) What is the cost if you drive x = 40 miles?(b) If the cost of renting the car is $108, how many miles didyou drive?(c) Suppose that you want the cost to be no more than $150.What is the maximum number of miles that you candrive?(d) What is the implied domain of C?(e) Interpret the slope.(f) Interpret the y-intercept.You place an order for 1,100 units of Good X at a unit price of $48. The supplier offers terms of 3/30, net 40. How quickly must you pay to get the discount? b-3. If you do take the discount, how much should you remit? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. If you don’t take the discount, how much interest are you paying implicitly? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
- A car air conditioner system is recharged. The cost is normally $69.95 but iscurrently $48.50.You may want the bill to show the regular price and the saleprice so that the customer knows that it was a special.You also may want tonote that this was a special in case a problem arises and you need to refundthe full price—you will want to refund the sale price, and not the regular price.Include on the bill 5.5% sales tax. Write a bill for the recharging.Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/14/8. (a)What is the net price factor? (b)What is the single equivalent discount? (c)What is the amount (in dollars) of the trade discount? (d)What is the net price (in dollars) of the order?Suppose a certain car audio manufacturer receives an order of a certain brand of satellite radios listing for $9,500 with trade discounts of 25/14/6. (a) What is the net price factor? (b) What is the single equivalent discount? (c) What is the amount (in dollars) of the trade discount? (d) What is the net price (in dollars) of the order?
- A specific model of computer servers are being sold by Company A for $26,900 each, offering trade discounts of 8% and 5% and by Company B for $35,800 each, offering trade discount rates of 13% and 3%. a. Which company offers the servers for a cheaper price? A B b. What further trade discount rate must the company with the higher price provide to match the lower price? 0.00 %You are the manager of a rental car company. A customer, Sandy Furrow, has asked you for an estimate of charges for a nine day rental of an SUV. She expects to drive 670 miles. If the company charges $52.50 per day plus 17 1/2 cents per mile for this category of vehicle, what would be the total rental charge (in $) for Sandy's trip?Gateway Tours is choosing between two bus models, one of which lasts longer than the other. Gateway’s discount rate is 8%. It plans to continue with one of the two models for the foreseeable future. Based on the costs of each shown below, which should it choose? For each of the two bus models, give the relevant cost that you would use for comparison purposes. [Note: to make it easier for you to solve this problem, I have already calculated the EAA for one of the buses, as you can see. You do not need to recalculate that one.] Model Year 0 Year 1 Year 2 Year 3 Year 4 Old Reliable 0 -15 -15 -15 -15 Short and Sweet -12 -12 -6 The relevant cost for Old Reliable is: A. -15.00 B. -49.68 C. -14.99 D. -15.01 E. -12.44 F. -15.10 G. -12.42 The relevant cost for Short and Sweet is: A. -15.70 B. -28.26 C. -15.87 D. -9.12 E. -15.84 F. -8.53 G.…
- Suppose that a small-town theater has six potential customers and is looking to implement price discrimination depending on when customers want to attend. Suppose the marginal cost of serving an additional customer is $1.50. The data provide information about the time of attendance and willingness to pay for a ticket. Customer Maximum willingness Time of attendance to pay Brandon $7 matinee Tyler $30 evening Austin $10 evening Alexis $8 matinee Ashley $20 evening Emily $15 matinee What should the theater charge for evening tickets? What should the theater charge for matinee tickets? $Suppose you are the purchasing manager for a company that manufactures scanners and other computer peripherals. Your vendor for scanner motors is now offering "quantity discounts" in the form of instant rebates and lower shipping charges as follows. Quantity Net Price Rebate Shipping 1–500 motors $16 none $1.50 501–1,000 motors 16 $1.30 1.10 1,001–2,000 motors 16 1.90 0.80 (a) Calculate the cost of the motors, including shipping charges, for each category (in $). 1–500 motors$ 501–1,000 motors$ 1,001–2,000 motors$ (b) If you usually purchase 400 motors per month, what percent would be saved per motor by ordering 800 every two months? Round to the nearest tenth of a percent. % (c) What percent would be saved per motor by ordering 1,200 every three months? Round to the nearest tenth of a percent. % (d) How much money (in $) can be saved in a year by purchasing the motors every three months instead of every month? $ (e) What other factors besides price…Q1. Murray furniture store sells couches as a retailer. The wholesale cost to them of their most popular model of couch varies depending on how many they purchase for sale. For the first 200 couches the cost is $299 each; for the next 200 couches it drops to $250 each; and for every couch after that it costs $225. Create an excel function using the IF function to show the gross profit under the following scenarios: a. b. It sells at a price of $650 and 350 units are purchased for sale and sold It sells at a price of $625 and 300 units are purchased for sale and sold It sells at a price are $700 and 1,000 units are purchased for sale and sold C.