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Course: Mathematics For Finance Ind Vidual Assignment I For Distance Students Mark Alloted

This document provides instructions and questions for a mathematics distance education individual assignment. It includes 7 questions related to topics like: 1) writing equations to model costs based on distance traveled; 2) calculating slope, total cost, and equations based on production costs and output; 3) writing coordinates and equations to model printing costs; 4) writing revenue and cost equations and calculating breakeven points for a soft drink company; 5) calculating total cost, profit, and breakeven revenue equations for a retail company; 6) determining ticket quantities based on receipts and prices; 7) finding the inverse of a matrix; and 8) solving systems of linear equations using matrices. Students are instructed to show their work

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Arafo Bilicsan
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27 views

Course: Mathematics For Finance Ind Vidual Assignment I For Distance Students Mark Alloted

This document provides instructions and questions for a mathematics distance education individual assignment. It includes 7 questions related to topics like: 1) writing equations to model costs based on distance traveled; 2) calculating slope, total cost, and equations based on production costs and output; 3) writing coordinates and equations to model printing costs; 4) writing revenue and cost equations and calculating breakeven points for a soft drink company; 5) calculating total cost, profit, and breakeven revenue equations for a retail company; 6) determining ticket quantities based on receipts and prices; 7) finding the inverse of a matrix; and 8) solving systems of linear equations using matrices. Students are instructed to show their work

Uploaded by

Arafo Bilicsan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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DISTANCE EDUCATION PROGRAME

COURSE: MATHEMATICS FOR FINANCE


IND VIDUAL ASSIGNMENT I FOR DISTANCE STUDENTS
MARK ALLOTED:

GENERAL INTRUCTIONS
Attempt all questions carefully.
Coping one another may result cancellation of your work.
Failure to submit the specified date may result rejection of your Work.

NAME. _______________________________________________________
IDNO.________________________________.SECTION________________

IDNO.________________________________.SECTION________________
DEP’T._______________________________.Center._______________________

DEP’T._______________________________.Center._______________________

Distance students Individual Assignment (25%)


1) Hotel rent car for one day and charges 20 birr plus 40 cents for all per KM driven.
A. Write the equation for one day’s rental (Y) in terms of the number of Km driven (X).
B. Interpret the slope and the Y – intercept
C. What is the hotel’s cost per Km if a car driven 100 Km?
2) If the total manufacturing cost ‘Y’ birr of producing ‘X’ units of a product is 500 at 50
Units of output and 900 at 100 units output and the cost output relation is linear.
A. What is the slope of the cost output?
B. How much does the production of one unit add to total cost?
C. What is the equation?
3) a publisher asks central enterprises for quotation on the cost of printing 1000 and 2000
copies of a book. The enterprise quotes 4500birr for 1000 copies and 7500 birr for 2000
copies. Assume that cost ‘Y’ is linearity related to the number of books printed ’X’.
A. Write the coordinates of the given points?
B. Write the equation of a line?

1
DISTANCE EDUCATION PROGRAME

4) Suppose Moha Soft Drink Company has a fixed cost of 60,000 birr and a variable cost of
1birr per unit for its product. Let as further consider that selling price is 1.25 birr per unit
of abottle of Pepsi, Merinda, Seven up and Merinda Tonic.
A. Write the revenue and cost equation of the company?
B. At what level of output is the company in breakeven?
C. What is the amount of revenue when 300,000 bottles of soft drink as produced?
D. Plot the graph and show the breakeven point?
5) a retail company plans to work on margin of 44% of a retail price and to include
othervariable cost at the rate 4%. If its expect fixed cost of 20,000 birr.
A. Find the equation relating to total cost to sales?
B. What will the profit if sales volume is 60,000 birr?
C. Find the breakeven revenue?
D. If we want to make a profit of 5,000 birr what should be total volume of sale?
E. If the company has one item at selling price of 50 birr find the total cost equation
interms of quantity?
6) Attendance records indicate that 80,000 South Koreans attended the 2002 world cup at its
opening ceremony. Total ticket receipts were Birr 3,500,000. Admission prices were Birr
37.50 for the second-class and Birr 62.50 for the first class. Determine the number of
South Koreans who attended the football game at first class and second class?
7) Find the inverse of Matrix - A
2 6 4
A= 4 10 8
1 3 4
8) Solve The Following Linear Equations by Using Matrix

A) X + 2Y – 3Z = 11 B) X+Y+Z=4
3X+ 2Y + Z = 15X – Y + 7Z =20
2X + Y - 5Z = 11 X – Y + 3Z = 8

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