Identify the slope and vertical intercept. (Round your answers to two decimal places.)slopevertical intercept (s, N) =(c) What are the real estate agency's fixed monthly costs? (Round your answer to two decimal places.)$(d) What percentage commission does the agency take on the sale of a home? (Round your answer to two decimal places.)%(e) Find the horizontal intercept. (Round your answers to two decimal places.)(s, N) = (CExplain what this number means to the real estate agency.The horizontal intercept $Need Help?Read Itis the total ---Select---sales needed for the agency to break even. A real estate agency has fixed monthly costs associated with rent, staff salaries, utilities, and supplies. It earns its money by taking a percentage commission on total real estate sales. During themonth of July, the agency had total sales of $832,000 and showed a net income (after paying fixed costs) of $15,704. In August, total sales were $326,000 with a net income of only $523.(a) Use a formula to express net income as a linear function of total sales. Let N be the net income in dollars, and let s be the total sales in dollars. (Round the terms to two decimal places.)N(S) =(b) Plot the graph of net income.NO20000ON100000-1000020000100000-10000200000 400000S600000 800000200000 400000 600000 800000OON20000N100000-1000020000100000-10000200000400000 600000 800000200000 400000 600000 800000Sscimal placer l

Given, July month, sales, s1=$832,000 and Income, N1=$15,704 August month, sales, s2=$326,000 and…

Answered: A real estate agency has fixed monthly…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

See similar textbooks

Similar questions

Bose International Inc. had total revenue of $92,150 last year. Its total variable costs and fixed costs for the period were $22,850 and $22,700, respectively. Compute the break-even point in sales dollars. Sales at Break-even: $ (Round off to the nearest cent)
About 1/3 of Samuel’s paycheck goes to housing, 1/6 goes to utility bills, 1/8 goes for his car, and 1/5 goes for food. How much of his paycheck is left for entertainment?
For three consecutive years the tuition of an university increased by 15%, 11%, and 9%, respectively. What was the overall percentage increase of tuition during the three-year-period?
A clothing merchant purchases a shipment of clothes for $36,000.00 with discounts of 8% and 4%. He sells it to a customer at a price which includes 21% profit on selling price and overhead expenses of 24% on selling price. a. How much did it cost him to purchase the container of clothes? b. What was the selling price of the container of clothes? c. Calculate the break-even selling price.
Sarah's comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip, she contracted a rare bacterial disease. Her medical costs for treatment, including medicines, tests, and a six-day hospital stay, totaled $8,893. A friend told her that she would have paid less if she had a policy with a stop-loss feature that capped her out-of-pocket expenses at $3,000. The policy with the stop-loss feature has the same deductible and coinsurance requirement as Sarah's current policy. Determine which policy would have cost Sarah less and by how much. (Round your intermediate calculations and final answer to 2 decimal places.) Current policy Stop-loss feature No difference in Sarah's cost for this claim. Difference amount
If Mary received a 10% raise and is now making $17,600 a year, what was her salary before the raise?
Suppose that under your health insurance policy, hospital expenses are subject to a $750 deductible and $150 per day copay. You get sick and hospitalized for 4 days, and the bill (after your insurance discounts are applied) comes to $6250. How much of that hospital bill will you have to pay yourself.
In a company with 50 employees, the average monthly salary is $5,000. If 15% of the employees receive a bonus of $1,000, what is the approximate average monthly salary for the remaining employees? (A) $4,250(B) $4,750(C) $5,000(D) $5,250
If Arnold earns a salary of $18,564 a year and is paid biweekly, how much is his gross pay per period?
Marc Batchelor, a self-employed sales consultant, has estimated annual earnings of $305,000 this year. His social security tax rate is 12.4% up to the wage base, Medicare is 2.9%, and his federal income tax rate is 24%. How much estimated tax (in $) must Marc send to the IRS each quarter?

Recommended textbooks for you

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Advanced Engineering Mathematics

Advanced Math

ISBN:

9780470458365

Author:

Erwin Kreyszig

Publisher:

Wiley, John & Sons, Incorporated

Numerical Methods for Engineers

Advanced Math

ISBN:

9780073397924

Author:

Steven C. Chapra Dr., Raymond P. Canale

Publisher:

McGraw-Hill Education

Introductory Mathematics for Engineering Applicat…

Advanced Math

ISBN:

9781118141809

Author:

Nathan Klingbeil

Publisher:

WILEY

Mathematics For Machine Technology

Advanced Math

ISBN:

9781337798310

Author:

Peterson, John.

Publisher:

Cengage Learning,

Basic Technical Mathematics

Advanced Math

ISBN:

9780134437705

Author:

Washington

Publisher:

PEARSON

Topology

Advanced Math

ISBN:

9780134689517

Author:

Munkres, James R.

Publisher:

Pearson,

SEE MORE TEXTBOOKS