Reference no: EM131846815

1.) A truck is worth $80,000.00 when purchased. It is depreciated linearly over 7 years and has a scrap value of $6,000.00. A linear equation expressing the truck's book value at the end of t years is:

2.) Suppose you buy a piece of office equipment for $16,000.00. After 6 years you sell it for a scrap value of $3,000.00. The equipment is depreciated linearly over 6 years. The value of the piece of equipment after 2 years is (rounded to the nearest whole dollar)

3.) A company has fixed monthly costs of $120,000 and production costs on its product of $34 per unit. The company sells its product for $58 per unit. The cost function, revenue function and profit function for this situation are

4.) A manufacturer has a monthly fixed cost of $40,000 and a production cost of $9 for each unit produced. The product sells for $19 per unit. If the manufacturer produces and sells 15,000 units one month, then his profit is

5.) A manufacturer has a monthly fixed cost of $50,000 and a production cost of $7 for each unit produced. The product sells for $16 per unit. If the manufacturer produces and sells 3,000 units per month, indicate whether he will have a profit, loss or break-even.