Algebra

posted by .

Task Type: Individual Project Deliverable Length: 3 Parts: See Assignment Details
Points Possible: 150 Due Date: 11/5/2012 11:59:59 PM CT


Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

Task Background

This Individual Project assignment serves as a summary of the key learning over the past 4 weeks of the course and includes some research for you to help you prepare for what is still to come in the last week of the class. In this course, you have focused on the fundamentals of mathematics and how these topics relate to real-world applications.

Scenario: In this assignment, you are the entrepreneur investing in a specialty pizza restaurant, and you are required to apply what you have learned in your business algebra math course given various scenarios.

Please be prepared to discuss this assignment for the Week 4 Discussion Board.

Assignment

Part I: Previously, when equations and inequalities were covered, you found many uses of various equations and inequalities and how they can be applied in real-world settings. In 2 paragraphs, discuss the following:

a. How can equations and inequalities help a business maximize profit or minimize costs?
b. What is the importance of understanding how to set up and solve equations and inequalities (discuss in general without a mathematical example)?
Part II

Break-Even Analysis: A Look at Profit and Loss: As an entrepreneur, there are going to be many decisions that you need to make, such as the price to charge your customers for your goods and services. You have just graduated from college and recently opened a specialty pizza restaurant. Based on surveys conducted in your area, you determine that it is feasible to sell your specialty pizzas for $15. The cost for making the pizzas includes a fixed cost of $55 and a labor cost of $4 per pizza.

a. Establish an equation to determine revenue.
b. Establish an equation to determine total cost.
c. How many pizzas must be sold to break even (i.e., you experience neither a profit nor a loss)? Interpret your result.
As a business owner, it is very important to have an understanding of profit and loss. The formula for determining profit is Profit = revenue – cost (P = R – C).

d. Determine the profit if 500 specialty pizzas are sold. Interpret your result.
e. How many specialty pizzas would need to be sold to make a profit of $1,100? Interpret your result.
f. How many specialty pizzas would you need to sell if you wanted to make a profit greater than $1,595? Interpret your result.

  • Algebra -

    We do not do your homework for you. Although it might take more effort to do the work on your own, you will profit more from your effort. We will be happy to evaluate your work though.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. computers

    2. Final Project: Bead Bar Systems Development Project • Resources: Appendix A, Information Systems Technology • Due Date: Day 7 [Individual] forum • Plan a systems development project for the Bead Bar, using the seven standard …
  2. business

    I have the first part done with either Marriott Intl or southwest airlines it is the second and third parts i am stuck on here is the entire assignment Assignment Type: Individual Project Deliverable Length: 4-5 body pages, 1 PERT …
  3. improving it without changing its overall meaning

    Ever been assigned to work on a group project for class! Many students dread group projects: because one student typically does most of the work. Unfortunately for some, group work does not end when students leave school, many employers …
  4. Science Fair

    S/I/T Exhibition 2012 The exhibition will be held on Sunday, March 25th, 2012 at Pfizer in Pearl River, New York. In case of cancellation due to inclement weather, the snow date is Sunday, April 1st, 2012. Registration opens Sunday, …
  5. business lowercapstone

    Assignment Type: Individual Project Deliverable Length: 4-5 body pages, 1 PERT chart, 1 Gantt chart Points Possible: 185 Due Date: 4/22/2012 11:59:59 PM CT Using your current work organization (or an organization of interest) as the …
  6. Composition

    Revise the following paragraph, improving it without changing its overall meaning. Pay particular attention to sentence structure. Ever been assigned to work on a group project for class! Many students dread group projects: because …
  7. English

    Revise the following paragraph, improving it without changing its overall meaning. Pay particular attention to sentence structure. Ever been assigned to work on a group project for class! Many students dread group projects: because …
  8. homeland security

    Weekly tasks or assignments (Individual or Group Projects) will be due by Monday and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times …
  9. Business

    I am not sure how to do this for week 2 Individual paper You have been tasked with the project of organizing a company offsite 2-day training session in which people are brought in from different parts of the country. This entail everything …
  10. English

    1.What is the correct way to punctuate the end of this sentence?

More Similar Questions