A company handles an apartment building with 70 units. Experience has shown that if the rent for each of the units is $1080 per month, all the units will be filled, but 1 unit will become vacant for each $20 increase in the monthly rate. What rent should be charged to maximize the total revenue from the building if the upper limit on the rent is $1300 per month?

Q: A campus bookstore marks up clothing to provide for overhead expenses of 20% of cost and a profit of…

A: Solution: We have to  determine the markdown rate at which the bookstore can break even on sales, we…

Q: The specialized magazine Negocios de América has an annual registration fee of $ 20, and last year…

A: Given information: Annual registration fee of a magazine = $ 20. Number of subscriber  = 2,000 For…

Q: During the first quarter of 2015, Toronto Dominion Bank (TD) stock cost $45 per share and was…

A: Let x be the number of shares of Toronto Dominion Bank (TD) and y be the number of shares of CNA…

Q: To accommodate more depositors, new investment products were made available to the small businesses…

A: 1st we will form system of linear equation using three variable and then solve it by using inverse…

Q: A manufacturing process has a fixed cost of $150,000 per month. Each unit of product is being…

A: Given that a manufacturing process has a fixed cost of $150,000 per month. Each unitof product is…

Q: Tim Smith applied for a loan for a new engine on his van for his pool cleaning business. In order to…

A: Calculate the profit for 33 clients in a year and the profit for increased number of the clients.…

Q: A publisher for a promising new novel figures fixed costs at $46,157 and variable costs at $2.97 for…

A:

Q: A group of 20 senior citizens can charter a bus for a one-day excursiontrip for $15 per person. The…

A: Given :           A group of 20 senior citizens can charter a bus for a one-day excursion trip…

Q: If the projected salary expenses is $600,000,000 and the number of employees is 4000, how many more…

A:

Q: Edmonds Community College's (EDCC) scholarship fund received a gift of $ 150,000. The money is…

A: Assume the money invested in stocks is  and the money invested in CDs is .Since EDCC invests  more…

Q: If an investment decreases 1% the first year, 6% the second year and 9% the third year, what is the…

A:

Q: Sarah studies Business and Management and she also has a part-time job as a waitress at a…

A: Given the two regression models constructed by Sarah as y=β0+β1x1+ε y=β0+β1x1+β2x2+β3x3+ε

Q: Veronica has two offers for a $65,000 student loan. The first loan has a 6.3% interest rate for 15…

A:

Q: To open a small business you need an initial investment of $85,000. Your costs each week will be…

A:

Q: The Midtown Nursing Facility has fixed costs amounting to $200,000. At an occupancy rate of 100…

A:

Q: Richard and Samantha are charting their monthly cash flow. They have some expenses like car repairs…

A: We have to find the amount to set aside.

Q: Suppose that a wealthy benefactor agrees to give you one penny today and then double the amount she…

A: Given data is : 1 penny on the first day  2 pennies on the second day 4 pennies on the third day and…

Q: Sacred Heart’s yearbook committee is comparing prices from two different companies to print this…

A: given that  Company A: charges $5 000 for set up plus $4 per copy.Company B: charges $14 per copy…

Q: The total estimated annual budget for a person living in Dallas, Texas is approximately $22,400.…

A: The total estimated annual budget for a person living in Dallas, Texas is approximately $22,400.

Q: A book publisher has fixed costs of $360,000 and variable costs per book of $9.00. The book sells…

A:

Q: If an investment increases 1% the first year, 5% the second year and 9% the third year, what is the…

A: Let the investment at starting is = x   Increase in first year =1 % increase in second year = 5%…

Q: satisfaction. The restaurant employs three chefs: Richard, Thomas, and Linda. Sarah decides to…

A: Sarah will use an F-test for comparing two nested models.   The null hypothesis for this test is…

Q: Sarah studies Business and Management and she also has a part-time job as a waitress at a…

A: Given information: n = 124 α=0.05

Q: Susan is a single mother with three children. She can earn $8 per hour and works up to 2,000 hours…

A: The table is divided into three columns, with the first column listing Susan's annual work hours,…