Related questions with answers

Your brother, a new college graduate, wants to be his own boss. He wants to open a restaurant in a small strip center or acquire and operate a food truck, an increasingly popular mode of eating, especially in larger cities. The restaurant space can be rented for $2200 per month. Modest furnishings and used equipment will have a first cost of$26,000. Income is expected to be $14,100 per month, with expenses for utilities, labor, taxes, etc. expected to average$3700 per month. Alternatively, a kitchen-ready food truck will cost $17,900 to purchase and$900 per month to operate. Income is expected to be $6200 per month. If the salvage values are assumed to be 10% of the first cost for the restaurant and 35% of the first cost of the truck after a 5-year planning period, which alternative is better on the basis of an annual worth comparison at an interest rate of 12% per year, compounded monthly? Also, write the spreadsheet functions to find the AW values.

Jody is buying a scrapbook and sheets of designer paper. She has $40 and needs at least$18.25 to buy the scrapbook. Each sheet of paper costs $0.34. How many sheets of paper can she buy?

Brett and Margo have each thought about murdering their rich Uncle Basil in hopes of claiming their inheritance a bit early. Hoping to take advantage of Basil’s predilection for immoderate desserts, Brett has put rat poison into the cherries flambe; Margo, unaware of Brett’s activities, has laced the chocolate mousse with cyanide. Given the amounts likely to be eaten, the probability of the rat poison being fatal is 0.60; the cyanide, 0.90. Based on other dinners where Basil was presented with the same dessert options, we can assume that he has a 50% chance of asking for the cherries flambe, a 40% chance of ordering the chocolate mousse, and a 10% chance of skipping dessert altogether. No sooner are the dishes cleared away than Basil drops dead. In the absence of any other evidence, who should be considered the prime suspect?