ITEMSINFO9.< PreviousNext >3 attempts remaining.A videogame companyfinds the daily total cost of producing 450 games is $37,400. It also finds that if no games aremade, the company still has daily total costs of $28,400. Each game is sold to the public for $45.What is the minimum number of games that must be sold on any given day for the company to begin turning a profitthat day?Submit answer

Answered: Image /qna-images/answer/03f16fa9-1cfb-4752-ab9c-a4fbe4c5b0f7.jpg

Answered: A video game company finds the daily…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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A company uses 5000 items per annum which has a price of $2 each. The ordering costs are $150 per order and holding costs are $1.50 per item per annum. The company is offered a 5% discount (discounted price is $1.90) for orders of 5000 and over. Order cost and holding cost remain at $150 per order and $1.50 respectively. Assuming that the company orders 5000 items per order, calculate the number of orders per annum, average stock, annual stock holding cost, annual order cost, annual inventory cost and the total annual cost of items and inventory.
When a company offers a new product or service, they estimate how much of that product or service people will want at different prices. This is referred to as the product or service demand . As the price of a product or service increases, the demand usually decreases, and this drives the price down. Companies use the estimated demand to determine how much of a product or service they are willing to supply at different prices. As the price of a product or service increases, companies are willing to supply more of it because they will earn more money. If you graph the demand and the supply curves on the same xy-plane, they will sometimes intersect at the point where the price and the supply are in equilibrium. Consider the scenario below. Yaseen is a local artist who wants to increase the amount of money she earns every month by selling at-home painting kits. These kits will include a photograph of the finished painting, a link and password to Yaseen’s YouTube channel where she will…
Sarah studies Business and Management and she also has a part-time job as a waitress at a restaurant. The restaurant does not include service charges in their bills, and therefore Sarah often receives tips from the customers. Some customers give her very generous tips, while others leave hardly anything or nothing at all. Sarah began to wonder what the size of the tip may depend on. Just out of curiosity, she started to keep a record of the total prices on the bills and the tips she received. At first, she fit a simple linear regression model to the data and found that the size of the tip was significantly related to the total price. But at this point, she speculated that the tips may be affected by other factors as well, and an even better model could possibly be constructed by including further independent variables. For instance, the chef who prepares the dish(es) might affect the customers' satisfaction. The restaurant employs three chefs: Richard, Thomas, and Linda. Sarah decides…
Sarah studies Business and Management and she also has a part-time job as a waitress at a restaurant. The restaurant does not include service charges in their bills, and therefore Sarah often receives tips from the customers. Some customers give her very generous tips, while others leave hardly anything or nothing at all. Sarah began to wonder what the size of the tip may depend on. Just out of curiosity, she started to keep a record of the total prices on the bills and the tips she received. At first, she fit a simple linear regression model to the data and found that the size of the tip was significantly related to the total price. But at this point, she speculated that the tips may be affected by other factors as well, and an even better model could possibly be constructed by including further independent variables. For instance, the chef who prepares the dish(es) might affect the customers' satisfaction. The restaurant employs three chefs: Richard, Thomas, and Linda. Sarah decides…
In preparing for the upcoming holiday season, Fresh Toy Company (FTC) designed a new doll called The Dougie that teaches children how to dance. The fixed cost to produce the doll is $100,000. The variable cost, which includes material, labor, and shipping costs, is $32 per doll. During the holiday selling season, FTC will sell the dolls for $40 each. If FTC overproduces the dolls, the excess dolls will be sold in January through a distributor who has agreed to pay FTC $10 per doll. Demand for new toys during the holiday selling season is extremely uncertain. Forecasts are for expected sales of 60,000 dolls with a standard deviation of 15,000. The normal probability distribution is assumed to be a good description of the demand. FTC has tentatively decided to produce 60,000 units (the same as average demand), but it wants to conduct an analysis regarding this production quantity before finalizing the decision. (a) Determine the equation for computing FTC's profit for given values of the…
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?
A researcher believed that the number of rental cars in service by a car rental company would have an impact on the total annual revenue for that car rental company. Five small car rental companies were surveyed, with the number of Cars in service recorded in units of 1000 (so if a car rental company had 54000 cars in service, a 54 would be recorded) and Annual Revenue measured in millions of dollars (so an Annual Revenue of $10,000,000 would be recorded as 10). The data follows: Cars (1,000s) Annual Revenue ($ millions)11.5 118 10.0 135 9.0 100 5.5 37 3.3 32 Part of the Excel-generated Simple Linear Regression output is provided below: ANOVA df SS MS F Significance F Regression 1 7891.863897 7891.863897 22.91180151 0.017339231 Residual 3 1033.336103 344.4453677 Total 4 8925.2 Coefficients Standard Error t Stat P-value Intercept -19.12490108 23.1658578…
Three friends are trying to predict who will make more money at work tomorrow. John works construction: he will make $250 tomorrow unless it rains, in which case he will make $0. Sara works in a restaurant: she will earn $100 if it is sunny, $200 if it is rainy, and $250 if the weather is average. Chris works in a warehouse, and he earns a flat rate of $200 per day, regardless of weather conditions. Suppose there is a 20% chance that tomorrow will be sunny, and 50% chance that the weather will be average, and a 30% chance of rain. Determine tomorrow’s expected earnings for each of these 3 friends. Compute the standard deviation for Sara’s earnings. Handwrite the solution
Tabitha manufactures a product that sells very well. The capacity of her facility is 207,000 units per year. The fixed costs are $157,000 per year and the variable costs are $14 per unit. The product currently sells for $16. a. What total revenue is required for a net income of $482,000 per year? Round to the nearest cent b. If sales were at 55% of the capacity and the variable costs decreased by 25%, what would be the net income per year? Round to the nearest cent
A producer of perishable product offers a wage incentive to drivers of its trucks. A standard delivery takes an average of 30 hours. Drivers are paid at the rate of $20 per hour up to maximum of 40 hours. If the trip requires more than 30 hours, the drivers receive compensation for only 30 hours. There is an incentive for drivers to make the trip in less (but not to much less) than 30 hours. For each hour under 30, the hourly wage increases by $1.25.Determine the function w = f(x) where w equals the hourly wage in dollars and x equals the number of hours required to complete the trip.a) What trip time x will maximize the driver salary for the trip?b) What is the hourly wage associated with this trip?c) What is the maximum salaryd) How does this salary compare with that received for a 20 hours trip?
both sheets are for the same problem.
A waterpark has a profit of $22,000 on sunny days, a profit of $11,500 on overcast days, but a loss of $4,000 on rainy days. For the month of June, the weather is predicted to be 62% sunny, 23% overcast, and 15% rainy. Find the expected daily profit for the waterpark in June.

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