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2024-25 Tutorial Business

The document contains tutorial questions for Business Mathematics for first-year students at the Institute of Accountancy Arusha for the academic year 2024/2025. It covers topics such as algebraic expressions, linear functions, quadratic equations, and exponential functions, with various problems related to factorization, domain and range, profit functions, and cost equations. Additionally, it includes real-world applications involving budgeting, investment, and sales predictions.

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23 views4 pages

2024-25 Tutorial Business

The document contains tutorial questions for Business Mathematics for first-year students at the Institute of Accountancy Arusha for the academic year 2024/2025. It covers topics such as algebraic expressions, linear functions, quadratic equations, and exponential functions, with various problems related to factorization, domain and range, profit functions, and cost equations. Additionally, it includes real-world applications involving budgeting, investment, and sales predictions.

Uploaded by

cwc6tpgn9h
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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INSTITUTE OF ACCOUNTANCY ARUSHA

BUSINESS MATHEMATICS

TUTORIAL QUESTIOES, CODE: ,

PROGRAMS: BAA, BA IT, BFB, BEF, BET, BBM, BPLM, BMPR, BIRM Appr

ACADEMIC YEAR: 2024/2025 FIRST YEAR, SEMESTER 1

ALGEBRAIC EXPRESSION, LINEAR FUNCTIONS, QUADRATIC EQUATIONS $

EXPONENTAL AND LOGARITHMIC FUNCTIONS.

1. Factorize the followings expressions. a)

b) 4 −12 −9 +27 c)

2. Find domain and range of the following

, b) ( when,

3. In planning for a conference on Successful Small Business Practices, the organizers are
anticipating that twice as many men as women will attend the conference. If they are
expecting 600 to attend the conference, how many men and how many women are likely
to attend?

4. A consumer want to use exactly total amount of Tshs. 1,000,000/= for purchasing four
products A, B, C and D. The product B cost twice than product A, product C cost Tshs.
30,000/= more than product B and product D cost Tshs. 20,000/= less than product A.
Find the cost amount of each product

5. A company “A” produces two products, tables and chairs. Three tables and one chair cost
$ 190 altogether, two chairs and one table cost a total of $ 100. Find the cost of each
product.

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6. An investor plan to invest Tshs. 1,000,000/= in the bonds of two companies to receive
Tshs 82,000/= interest. First company pay 7% interest while second company pay 10%
interest. How much should be invested in each company.

7. a) Solve for x i) ii) | |

b) Find the intersection of the lines and


c) Find the equation of a straight line perpendicular to and pass
through (3, -2)
d) Find the equation of a straight line parallel to and pass through
(3, -2)
e) Show that the point (3,4) is on the line 2 + − 10 = 0, but the point (2,3) is not on
that line.
8. The following equation expresses the total amount of money Steven earns for each
teaching session: y=10,000+5000x, where x represents the number of working hours and
10,000 is fixed cost (bus fare). Find the:
a) The amount Steven will earn after working for three hours
b) The number of hours that will work in order to earn 50,000Tsh

9. The profit function (in TSh) of a business firm is given by (


where is the number of items produced:
a) Find the profit when 10 items were produced
b) Find the number of items that must be produced to make the profit zero
10. A firm invests $10,000 in a business and earns $500 per year. An investment of $20,000
would yield an income of $2,000 per year. Find the linear relationship between the
investment ( ) and annual income ( ). What would be the annual income on investment
of $12,000?
11. A manufacturer of handbag has a fixed cost of $. 120,000 and a variable cost of $. 200
per unit made and sold. Selling price is $.500 per unit. Using “C” for cost and “q” for
number of units.(a)Write the revenue equation (b)Write the cost equation, (c)Find
marginal profit and interpret this marginal profit (d)Find the break-even quantity.(e)Find

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the break-even sales volume. (f)Compute the profit or loss if 1000 handbag are produced
and sold.

12. A manufacturer of cassette tapes has a fixed cost of Tshs 600,000 and variable cost is
Tshs. 40 per cassette produced. Selling price is Tshs. 70 per cassette. a) Write the revenue
and cost equations. b) At what number of units will break-even occur? c) At what sales
(revenue) volume will break-even occur? d) How much profit will be earned if 250,000
cassettes are produced?

13. The total cost , for units of a certain product consists of fixed cost and variable cost
(proportional to the number of units produced) it is known that the total cost is for
100units and $2700 for 400 units (i)Find the linear relationship between y and x (ii)Find
the slope of the line, what does it indicate? (iii)If the selling price is $7 per unit. Find
the number of units that must be produced so that there is neither profit nor loss. (iv)If
the selling price is $7 per unit. Find the number of units that must be produced so that
there is a profit of $300.

14. Given the following demand and supply functions for two competing products,

Where d is a demand function, s is a supply function, q is a quantities and p is a prices.


Determine whether there are prices, which bring the supply and demand levels into
equilibrium for the two products. If so, what are the equilibrium quantities?

15. Demand and supply equations are (q + 20)(p + 10) = 400 and q = 2p – 7 respectively,
where p stands for price and q for quantity. Find the equilibrium price and quantity and
show it by a graph.

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16. The total cost function is given by ( and the total revenue
function is ( . Find the following (a)Number of units that maximize
profit (b)Maximum profit (c)Break –even units (d)Total revenue at break –even units
(e)Total cost when 100 units are produced

17. A demand function forced by a firm is and its cost function is


. Where p is a price, c is the cost and x is output. Find the output at
which the profit is maximum.

18. Exponential function of the time since the credit was issued. Specifically, the function
approximating this relationship is ( ( Where C equals
the percentage of accounts receivable (in dollars) collected t months after the credit is
granted. (a) What percentage is expected to be collected after 1 month? (b)What
percentage is expected after 3 months? (c)What value does C approach as t increases
without limit (t → ∞)

19. The president of a company predicts increase after she assumes the office and that the
number of monthly sales will follow the curve given by ( where
represents the months since she assumes the office. What are the sales when she assumes
the office? What will be sales after three months?

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