Questions from Business Mathematics

Q: Burger Master bought the food concession for a baseball stadium for five

Burger Master bought the food concession for a baseball stadium for five years at a price of $1.2 million. If the operating profit is $400,000 per year, what IRR will Burger Master realize on its inve...

Q: Hamish and Grace MacDonald have been investigating the cost of a holiday

Hamish and Grace MacDonald have been investigating the cost of a holiday in Britain. From their home in Welland, Ontario, it is equally inconvenient to fly out of Toronto or Buffalo, New York. On the...

Q: ArcelorMittal Dofasco can buy iron ore pellets from Minnesota at US$

ArcelorMittal Dofasco can buy iron ore pellets from Minnesota at US$133 per short ton (2000 pounds) or from Labrador at C$165 per metric tonne (1000 kg). Which source is more expensive? How much more...

Q: The price of a 40-ounce bottle of rum at a

The price of a 40-ounce bottle of rum at a U.S. border duty-free store was US$27.00. At the same time, the price of a 750-mL bottle of similar quality rum in an Ontario LCBO store was C$28.95. Using t...

Q: use the currency exchange rates in Table (reproduced below) to

use the currency exchange rates in Table (reproduced below) to calculate the equivalent amounts of currencies. Given Amount = ¥3,225,000 Equivalent amount = £

Q: use the currency exchange rates in Table (reproduced below) to

use the currency exchange rates in Table (reproduced below) to calculate the equivalent amounts of currencies. Given Amount = €3251 Equivalent amount = C$

Q: use the currency exchange rates in Table (reproduced below) to

use the currency exchange rates in Table (reproduced below) to calculate the equivalent amounts of currencies. Given Amount = £56,700 Equivalent amount = US$

Q: use the currency exchange rates in Table (reproduced below) to

use the currency exchange rates in Table (reproduced below) to calculate the equivalent amounts of currencies. Given Amount = ¥756,000 Equivalent amount = C$

Q: use the currency exchange rates in Table (reproduced below) to

use the currency exchange rates in Table (reproduced below) to calculate the equivalent amounts of currencies. Given Amount = €159,500 Equivalent amount = US$

Q: use the currency exchange rates in Table (reproduced below) to

use the currency exchange rates in Table (reproduced below) to calculate the equivalent amounts of currencies. Given Amount = C$94,350 Equivalent amount = £