AnswersFinancial MathModeling for Business: Part Two

Practice Test Answers

12 verified answers2 views
1
Free Preview

Based on the table, in which range of quantities do the break-even points occur where the profit is zero?

A
between q=0 and q=25 and between q=175 and q=200
B
between q is equal to 50 and q is equal to 75 and between q is equal to 125 and q is equal to 150
C
between q is equal to 75 and q is equal to 100 and between q=100 and q is equal to 125
D
between q=25 and q=50 and between q=150 and q=175
2
Free Preview

If GreenWave Technologies decides to invest an additional $⁢50,000 in equipment, how should you update the spreadsheet to calculate the new net worth? Assume total assets are in cell B1, total liabilities are in cell B2, and net worth is calculated in cell B3.

A
update B2 to is equal to 500 comma 000 minus 50 comma 000, B1 remains the same, B3 formula remains is equal to cap b 1 minus cap b 2
B
update B1 to is equal to 500 comma 000 plus 50 comma 000, B2 remains the same, B3 formula remains is equal to cap b 1 minus cap b 2
C
update B1 to is equal to 500 comma 000 minus 50 comma 000, B2 remains the same, B3 formula remains is equal to cap b 1 minus cap b 2
D
update B1 to is equal to 500 comma 000 plus 50 comma 000, B2 to is equal to 200 comma 000 plus 50 comma 000, B3 formula remains is equal to cap b 1 minus cap b 2
3

A grocery store is evaluating whether to expand its organic product offerings. Which statistical question would be most relevant to making this decision?

A
What are the most common customer inquiries about organic products?
B
How do sales of organic products compare to nonorganic products?
C
How many organic products are currently available in the store?
D
What is the cost difference between organic and nonorganic products?
4

A retail company, "StyleWave," is planning whether to open a new store location in a different city or invest in expanding its e-commerce platform. The management team needs to evaluate both options regarding potential sales growth and operational costs. Sort the questions according to whether they are statistical questions.

Answer:

How many employees are currently working in the company's e-commerce department?|What annual revenue is generated from the company’s existing physical stores in similar regions?,What is the average increase each year in the price per square foot of commercial property of existing stores?,How have online sales trends changed in the last five years in regions without physical stores?

5

Which statement about the scatterplot is true?

A
Increasing social media interactions always leads to higher sales without any limits.
B
There is no clear pattern that shows how social media interactions impact sales.
C
More social media engagement generally boosts sales, but the sales figures start to level off.
D
Lesser interactions on social media result in higher sales.
7

Graph the scatterplot made from the data.

Answer:

point; 6; 10; 12; 22; 18; 30; 24; 28; 15

8

Which formula can you use to find the amount in cell C17?

A
=C6-C15
B
=SUM(C3:C5)
C
=SUM(C9:C14)
D
=C6+C15
9

Can the profit be improved from Point E, and if yes, what should EcoGrow do to improve the profit?

A
yes; decrease the quantity produced to less than 12
B
yes; increase the quantity produced to more than 34
C
profit cannot be improved
D
yes; decrease the quantity produced to around 23
10

What action could FreshStart Organic Foods take to maintain the positive trend in net worth and net profit based on the trends shown in the table?

A
reduce production to save costs
B
increase marketing efforts and expand product lines
C
stop investing in new technologies
D
maintain the same level of expenses without increasing revenue
11

Choose the correct answer from each drop-down menu to complete the statement.

Answer:

receiving a discount|the number of booked training sessions

Did you find these answers helpful?