Questions from Business Mathematics

Q: The Red Deer location of a national franchise has followers on Twitter

The Red Deer location of a national franchise has followers on Twitter, Facebook, and Instagram in the ratio of 14,500 : 22,300 : 8500. If this location is representative for the Alberta franchises, h...

Q: Statistics are kept for hockey goalies tracking their goals-against average

Statistics are kept for hockey goalies tracking their goals-against average (GAA), or the number of goals allowed in 60 minutes of play (not counting empty-net goals). If a goalie has a 1.35 GAA, how...

Q: Tom Nortons Donuts considers the Hamilton area to be its most mature

Tom Nortons Donuts considers the Hamilton area to be its most mature, fully exploited market. The 59 outlets in the metropolitan area serve a population of 675,000 and generate annual sales of $66.67...

Q: Solve the proportions for the unknown quantities. 88 : 17

Solve the proportions for the unknown quantities. 88 : 17 = a : 45

Q: A venture requiring an immediate investment of $500,000 and

A venture requiring an immediate investment of $500,000 and an additional investment of $200,000 three years from now will generate annual profits of $150,000 for seven years starting in the first yea...

Q: The Ministry of Education reported that a certain province’s average school district

The Ministry of Education reported that a certain province’s average school district has 13,450 students in “K–12” programs, an annual budget of $87.4 million, and 635 full-time-equivalent teachers. T...

Q: Shirley had a three-sevenths interest in a partnership. She

Shirley had a three-sevenths interest in a partnership. She sold three-fifths of her interest for $27,000. 1. What is the implied value of the entire partnership? 2. What is the implied value of Shirl...

Q: Regal Resources owns a 58% interest in a mineral claim.

Regal Resources owns a 58% interest in a mineral claim. Yukon Explorations owns the remainder. If Regal sells one-fifth of its interest for $1.2 million, what is the implied value of Yukon’s interest?...

Q: The statistics for a professional accounting program indicate that five-sevenths

The statistics for a professional accounting program indicate that five-sevenths of those who enter the program complete Level 1. Two-ninths of the Level 1 completers do not finish Level 2. If 587 stu...

Q: Executive Fashions sold four-sevenths of its inventory at cost in

Executive Fashions sold four-sevenths of its inventory at cost in a bankruptcy sale. The remainder was sold at 45% of cost to liquidators for $6700. 1. What was the original cost of the inventory that...