Solving equations and/or word problems for the unknowns, Mathematics

With their fence in place, Zack and Clint set to work landscaping yards. Since Clint did the majority of the actual landscaping and planting, he worked on the average more hours than Zack.

As the business prospered, the owners decided to each take shares of stock rather than taking cash from the business. They agreed on the stock split described here. You need to help them calculate some statistics about their business and to help them reconcile their bank account.

1. They determined that it would take $50,000 to begin the business. Zack put in twice as much money as Clint. How much money did each of the owners invest initially?

2. Here is the division of stock that Clint and Zack agreed upon.
Total Shares: 1,250
Total value of shares: $35,890

Zach received his amount of shares that were valued at $29.70 each. (Use X to represent the number of shares he received.)

Clint received his amount of shares that were valued at $27.80 each. (Use 1,250 – X to represent the number of shares Clint received.)

• How many shares did each receive?
• What is the total value of Zach’s shares?
• What is the total value of Clint’s shares?

3. Using the results you found above, determine what percent of stock each owner now has.

4. At the end of the second year in business, their accountant told them that they had realized a 15% increase in sales for the second year, a total of $50,074. What were their first year’s sales?


5. Office expenses for year one was $2,769.30. In the second year they spent $2142.19. What was the percent decrease in office expenses? Round to the nearest tenth of a percent.

6. Income on plant sales alone was $1,416.13 in the second year. Zack and Clint want to increase that income by 19% for the following year. What dollar amount of increase in plant sales will they need to meet their goal?
Posted Date: 2/17/2013 4:44:20 PM | Location : United States







Related Discussions:- Solving equations and/or word problems for the unknowns, Assignment Help, Ask Question on Solving equations and/or word problems for the unknowns, Get Answer, Expert's Help, Solving equations and/or word problems for the unknowns Discussions

Write discussion on Solving equations and/or word problems for the unknowns
Your posts are moderated
Related Questions
Northwest Molded molds plastic handles which cost $0.70 per handle to mold. The fixed cost to run the molding machine is $5799 per week. If the company sells the handles for $ 3.70

Find out the determinant: Find out the determinant of the following 3 x 3 matrix, expanding about row 1. Solution:

Let D = 1 denotes the event that an adult male has a particular disease. In the population, it is known that the probability of having this disease is 20 percent, i.e., Pr (D = 1)

what is the are of a square that is 2 inches long and 2 inches wide?

Steps for Radio test Assume we have the series ∑a n Define, Then, a. If L b. If L>1 the series is divergent. c. If L = 1 the series might be divergent, this i


You are given the following regression results estimating the demand for widgets based on time series data for the past 40 months. Q t = 2.5 - 0.3 x P t + 12 x M t Where Q

a) Write  a summary  on  Tower  of  Hanoi  Problem.  How  can  it  be solved using  recursion ?                  b) Amit goes to a grocery shop and purchases grocery for Rs. 23.

Find out if the following set of vectors are linearly independent or linearly dependent. If they are linearly dependent get the relationship among them. Solution : Ther

what marketing orientation is kelloggs influenced by?why do you think kelloggs use this approach?