Business Mathematics Solutions

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Problem-52: Probability Distribution

Maurine Lewis, an editor for a large publishing company, calculates that it requires 11 months on av...

Problem-02: Financial Statement Analysis

The comparative statements of Painter Tool Company are presented below All sales were on account....

Find the compound interest on $6950 for 3 years, if interest is payable half yearly, the rate for the first two years being 6%, and for the third year 9% p.a.

A machine costs the company $97,000 and its effective life is estimated to be 12 years. If the scrap realizes $2,000 only, what amount should be retained out of profits at the end of each...

Problem-19: Estimation

The manager of Cardinal Electrics light bulb division must estimate the average number of hours that...

Problem-6: Managerial Accounting

Presented below is a list of costs and expenses usually incurred by Barnum Corporation, a manufactur...

Problem-25: Estimation

Oscar T. Grady is the production manager for Citrus Groves Inc., located just north of Ocala, Florid...

Problem-4: Accounting in Action

Trixie Maye started her own consulting firm, Matrix Consulting, on May 1, 2018. The following transa...

Problem-10: Financial Statement Analysis

Financial information for Kurzen Inc. is presented below. Instructions Prepare a schedule showin...

Problem-37: Measures of Central Tendency and Dispersion in Frequency Distributions

Problem-14: Job Order Costing

At May 31, 2020, the accounts of Lopez Company show the following. May 1 inventories - finished goo...

A firm invested Rs. 10,000 in a business which has a net return of Rs. 500 per year. An investment of Rs. 20,000 would an income of Rs. 2000 per year. What is the linear...

Problem-23: Long-Term Liabilities

Presented below are two independent situations Flinthills Car Rental leased a car to Jayhawk Compan...

Problem-6: Accounting Information Systems

The post-closing trial balance for Horner Co. is shown below. HORNER CO.Post-Closing Trial BalanceD...

Problem-32: Sampling and Sampling Distributions

Jill Johnson, product manager for Southern Electric's smoke alarm, is concerned over recent complain...

Problem-22: Completing the Accounting Cycle

Victoria Lee Company had the following adjusted trial balance Victoria Lee Company Adjusted Trial B...

Problem-24: Long-Term Liabilities

Adcock Company issued $600,000, 9%, 20-year bonds on January 1, 2019, at 103. interest is payable an...

In how many ways can 10 letters be posted in 5 letter boxes?

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A loan of $40,000 is to be repaid in equal annual installment consisting of principal and interest due in course of 30 years. Find the amount of each installment reckoning interest at 4% p.a.

Problem-18: Plant Assets, Natural Resources and intangible Assets

Presented below are selected transactions at Ridge Company for 2019. Jan. 1Retired a piece of machi...

Problem-22: Sampling and Sampling Distributions

An underwater salvage team is preparing to explore a site off the coast of Florida where an entire f...

E3: The pth term of an A.P. is q and the qth term is p. Show that the rth term is p+q-r and the (p+q)th term is zero

Problem-35: Measures of Central Tendency and Dispersion in Frequency Distributions

For the following frequency distributions,

Problem-17: Accounting for Receivables

Colaw Stores accepts both its own and national credit cards. During the year, the following selected...

Problem-3: Inventories

Sekhon Company had a beginning inventory on January 1 of 160 units of Product 4-18-19 at a cost of $...

Problem-4: Plant Assets, Natural Resources and intangible Assets

At the beginning of 2015, Mazzaro Company acquired equipment costing $120,000. It was estimated that...

Problem-14: Grouping and Displaying data to convey meaning

Construct a relative frequency distribution using intervals of 4.0 lb/sq in..

Problem-05: Estimation

Electric Pizza was considering national distribution of its regionally successful product and was co...

In what time will a sum of money double itself at 5% p.a., compound interest?

Problem-19: Corporations: Dividends, Retained Earnings, and Income Reporting

Ringold Corporation has outstanding at December 31, 2019, 50,000 shares of $20 par value, cumulative...

Problem-1: Cost Volume Profit

Vin Diesel owns the Fredonia Barber Shop. He employs four barbers and pays each a base rate of $1,25...

A man wishes to create an endowment fund to provide an annual prize of $500. If the fund is invested at 10% p.a. C.I., find the amount of this fund.

More In Probability Distributions Financial Statement Analysis Logarithms Estimation Managerial Accounting Accounting in Action Measures of Central Tendency and Dispersion in Frequency Distributions Job Order Costing Coordinate Geometry Long-Term Liabilities Accounting Information Systems Sampling and Sampling Distributions Completing the Accounting Cycle Permutations and Combinations Plant Assets, Natural Resources, and Intangible Assets Arithmetic and Geometric Progressions Accounting for Receivables Inventories Grouping and displaying data to convey meaning: Tables and Graphs Corporations: Dividends, Retained Earnings, and Income Reporting Cost Volume Profit The Recording Process Introduction Current Liabilities and Payroll Accounting Probability I: Introductory Ideas Incremental Analysis and Capital Budgeting Process Costing