,10/7/24, 6:11 PM IVY SOFTWARE BUSINESS MATH AND STATISTICS EXAM 2024 NEWEST COMPLETE 200 QUESTIONS AND CORRECT …
Material $75/television $ 5,650,000
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?
(price per unit X # of units sold) - (variable cost per
Contribution Margin
unit X units sold)
Breakeven = Fixed Costs/Contribution Margin per
Breakeven
unit
A company is making a [($75,000*5) + $100,000] / $50/unit = 9,500
product and has invested (breakeven level in units)
$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?
abscissa The x-coordinate of a point (independent variable)
, 10/7/24, 6:11 PM IVY SOFTWARE BUSINESS MATH AND STATISTICS EXAM 2024 NEWEST COMPLETE 200 QUESTIONS AND CORRECT …
ordinate The y-coordinate of a point (dependent variable)
True/False: the fixed False. It would be y = 50 + 2x
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
Which of the following is B) 143x^4 + 3x^4 - its the only term where the x's can
the monomial be added together to get one term
expression?
A) 4x^3 + 6x^4 +12x^3 +
45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4
+ 76
Write an equation to y = 19x + 5
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
Which of the following is C) 143x^4 + 78x^4 + 6x^4 + 76 - tis the only term
the binomial expression? where the x's can be added together to get two
A) 4x^3 + 6x^4 +12x^3 + terms
45x^4 +6
B) 143x^4 + 3x^4
C) 143x^4 + 78x^4 + 6x^4
+ 76
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