This is an open book, closed notes U sheet quiz. Carefully read all questions be

Question

This is an open book, closed notes U sheet quiz. Carefully read all questions before answering. Use only the quiz Carefully page. You must provide your answer directly beneath the question. back of the quiz sheet. Be sure A Do not provide any rt of your response on the nz sheet. Be sure to SHOW ALL YOUR WORK. No credit will be give ow the response was obtained. Good luck. Place your name on the back also dex that 1 (5 pts). A trade group tracks it publishes for members. transformer is $6800. If a Westinghouse you estimate it isou. I a Westinghou erage prices of electrical equipment and uses these average prices as a cost in o 4 years ago, the average price for transformers was $5000. Now the average price of a ise 10 KVA transformer was priced at $4300 four years ago, what price wou 2000 was pric 5816 2(.5 pts) Using the data above, if the power sizing index for transformers is 0.7, what would a 30 KVA transformer cost now? 58A8 Cs go 3. (1 pt.) You have leased an empty store front in the South Plains Mall for your new business of selling flower arrangements. Your rent is $3000/month. The average cost of materials to make a flower arrangement is $25. The average selling price is 535. You employ 4 flower arrangers who you pay $12/hour. Each 8 hour shift has two of your employees working and you have two shifts per day You are closed on Sunday so you average being open 26 days/month. How many arrangements must you sell per month to break even? 30 26 72

Explanation / Answer

Answer B)

Cost of 30 KVA equipment=Cost of 10KVA equipment*(Ratio of Capacity)^(power sizing exponent)=5808*(3)^0.7=$12531.75

Answer C)

Total Cost per Month=Rent per Month+Cost for Arrangement+No of Employers*Pay per Hour*Number of hours worked per day*Number of days per month ( 32 hours of work each day then 26*32=832 hours then 832*12=$9984

Total Cost=$3000+$25X+$9984=$12984+25X

Revenue=$35*X

Breakeven will happen when Revenue=Cost

12984=10X

X=1298.4 hence approximately X=1298 flower arrangements atleats to be sold for breakeven

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