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Exercises page 57
1.
Let q= number of units sold
Profit >0
20q-(15q+600,000)>0
=>q>120,000
2
Let q= number of units sold
Profit >0
7.4q-[(4+2.5)q+5,000]>0
=> q>5555,55
3
Let x=number of miles driven per year
If the car is leased, then the annual cost is: 420.12+0.06x
420.12+0.06x ≤ 4,700+0.08x
=> x ≥ 17,000
=> The number of miles driven per year must be at least 17,000
4
Let q= number of shirts sold
Profit >0
=> q>3611.11
5
Let q = number of magazines published
The revenue from dealer is 1.5q, the total cost of publication is 1.3q
Profit >0
6
Let q= number of clocks produced during regular workweek, number of clocks produced on overtime is
11,000-q
2q+3(11,000-q) ≤ 25,000
=>q ≥ 8,000
=> At least 8,000 clocks must be produced during regular workweek
7
3
Let q= the amount of money invested at the 6 % rate, then 30,000-q is the amount of money invested
4
at the 5% rate
3 1
Interest rate at 6 % + Interest rate at 5% ≥ Interest rate at 6 %
4 2
x.0.0675 + 0.05( 30,000-q) ≥ 30,000.0.065
=> q ≥ 25,714
3
=> At least $25,714 must be invested at the 6 % rate
4
8.
Current assets
Current ratio =
Current liabilities
570,000
3.8 =
Current liabilities
=> Current liabilities =150,000
Let x= the amount that company can borrow on a short term, current assets will be 570,000+x, current
liabilities will be 150,000+x
9
Let q= number of units sold this month, 2500-q = number of units sold next month
=>q ≤ 1000