Scribd
Upload
516 views

Mathematics For Managemnt

The document contains 8 questions related to various business and mathematical concepts: 1) A company's production costs and break-even analysis 2) Revenue, cost, and profit functions for a trading company 3) Using linear programming to optimize production across departments 4) Ticket pricing to determine attendance numbers at different price levels 5) Market share transitions between toothpaste brands over time 6) Formulating a linear programming model to maximize tractor production profits 7) Calculations to determine savings needed for a down payment on a future property purchase 8) Taking the derivatives of various functions.

Uploaded by

wakuma Merga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
516 views

Mathematics For Managemnt

The document contains 8 questions related to various business and mathematical concepts: 1) A company's production costs and break-even analysis 2) Revenue, cost, and profit functions for a trading company 3) Using linear programming to optimize production across departments 4) Ticket pricing to determine attendance numbers at different price levels 5) Market share transitions between toothpaste brands over time 6) Formulating a linear programming model to maximize tractor production profits 7) Calculations to determine savings needed for a down payment on a future property purchase 8) Taking the derivatives of various functions.

Uploaded by

wakuma Merga
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOC, PDF, TXT or read online on Scribd
You are on page 1/ 3

1.

Thomas Private Limited Company is about to start production of new products to


sell to customers. Before the start of the new production, it costs the company $
200,000 to construct the factory’s building. Once the construction is over, the cost
per unit of production is estimated to be birr 20. Upon selling, the company will
incur a 20% commission expense. Moreover, the price per unit of products is
decided to be Birr 50.

Required:
a) Construct the total cost equation in terms of quantity.
b) Determine the break-even quantity (Revenue)

2. In its first year, “Helen Trading” had the following experience:


Unit selling price birr 100 Sales 50,000 units
Total fixed cost birr 400,000 TVC birr 3,000,000

Required:
a) Develop TR, TC and profit functions for the company in terms of quantity
b) Find the breakeven point in terms of quantity and sales volume.
c) If profit had been br. 500,000 what would have been the sales volume
(Revenue) and quantity of sales.
d) What would have been the profit if sales are br. 2,000,000

3. ALUMMUNI PLC. Produces three models of tractors: Metakeb, Mewesson,


Metekem Each unit of Metakeb, Mewesson and Metekem requires the following
amounts of time in minumtes in each of the indicated departments.

Machining dep’t Assembly dep’t Inspection dep’t


(in minutes) (in minutes) (in minutes)
Metakeb 1200 2400 600
Mewesson 1800 1200 3000
Metekem 3000 2400 1200
Suppose the total time available per month in machining, assembly and inspection
departments are 1050, 1160 and 830 hours respectively.
Required:
Determine the number of units of each product to be produced in a month to use up all
the available resources (use Gaussaian method)

4. Attendance record indicated that 80,000 South Koreans attended the 2002 world
cup at its opening ceremony. Total ticket receipts were $ 3,500,000. Admission
prices were $ 37.50 for the second class and $ 62.50 for the first class. Determine
the number of South Koreans who attended the opening ceremony at the first and
second class.

5. There are two competing brands of toothpastes in a market. The brands are colget
and Akuafresh. A survey was undertaken to determine the extent customers
switch over from one brand to another every quarter. The survey has identified
that every quarter 1/3 of 45% of customers of Akuafresh in the previous quarter
continue to purchase Akuafresh. And ¾ of 60% customers of colget in the
previous quarter become customers of Akuafresh. Moreover, it was identified that
the two brands have a constant customers of 10,000 and no one stops purchasing
one or the other brand. Currently the number of customers of colget are 6000
persons.

Required:
a. What will be the number of customers of colget and Akuafresh after two
transitions?
b. Find the steady state market share.
6. Abush Manufacturing Company produces two different types of Tractor. These
are Hiwot and Durex. Hiwot requires 9 minutes to assemble and 2 minutes to
package. While Durex requires 12 minutes to assemble and 6 minutes to package.
In addition, each type has an engine. The company has 720 minutes of assembly
time available 75 engines and 300 minutes of packaging time. Profits are b. 45 for
Hiwot and br. 70 for Durex both per unit.
Required:
a. Formulate the Linear anagramming model for the problem. (Show all the
necessary steps)
b. Determine how many tractors of each type to make in order to maximize total
profit (use simplex method)
c. Interpret your result

7 . Ato Bekele is thinking of buying a G+2 building 5 years form now on a mortgage
basis. The building will be used for office purpose for his new business that costs
Br. 500, 000. The required down payment is Br. 100, 000,with monthly mortgage
payment for 30 years at a rate of 12% compounded monthly. To cover the down
payment Bekele has established a sinking fundaccount in Dashen Bank, which
pays 10% interest compounded quarterly.

Required: a) How much Bekele should deposit at the end of every quarter to
meet the objective of the down payment?
b) Determine the amount of monthly mortgage payment to be made to
discharge the mortgage within 30 yrs.
c) What is the amount of total interest paid on the mortgage?
d) What is the total amount paid over the entire period of the
mortgage?
8. Find the derivatives of the following
a) f (X) = 25
b) g (X) = X6
1
c) h (X) =
X4
d) f (X) = 5X3 + 3X4
e) g (X) = (3X2 – 3) (X + 5)

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy