QMB1 ASSIGNMENT FALL 2022

COLLEGE OF BANKING AND FINANCIAL STUDIES

DEPARTMENT OF UNDERGRADUATE PROGRAMME

B.Sc. in Accounting, Auditing and Finance

ASSIGNMENT BRIEF

Weightage: 30%

Student Name & ST Number

1. Marwa Salim Saif Al Husaini / ST11535

Semester 1 September – December 2022

Assignment Title Functions and Graphs

Module Quantitative Methods in Assessor: Sonal Devesh

Business 1

Start Date: 10-Nov-2022 Internal Verifier Dr. Chintan Joshi

Due Date:

Required Work, Format and Grading

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 QMB1 ASSIGNMENT FALL 2022

You must submit the following by the assignment due date:

 Completed answers to each task, making sure that you fully address each of the outcome
criteria.
 Answer all questions separately.
 Assignments without TURNITIN report will not be accepted.
Resources:

You need to demonstrate a confident application of the theories to the assignment task. The theoretical
underpinning of your observations and deliberations should also demonstrate a good understanding of
the subject by the way that your analysis is structured.

You can access the Internet to research about the topic. You should demonstrate good academic
practice by the appropriate use of academic texts and journals that are properly referenced.

Guidelines and further information about assignment:

Assignment must be submitted with the “Turnitin” report. If the report generated indicates a
similarity index percentage of 20% or more, a review of your assignment is necessary to ensure the
same is reduced to less than 20%.

Student declaration:

I certify that the work contained in this assignment was researched and prepared by me:

Signature: ___________________________ Date: ___________________

The user ID and Password for submitting the soft copy of the report through
TURNITIN is as follows:

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QMB1 ASSIGNMENT FALL 2022

Class ID: 36615939 Enrolment Password: QMB1ME

Submission time and date

You should submit the assignment by the time and date mentioned otherwise a ‘NA’ will be awarded.
Fill in the form cover and staple it with your assignment. Make sure that all the relevant details are
complete. Assignments must be submitted by the due date. You may include diagrams, figures etc
without word penalty.

Plagiarism Writing

1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer, but fail to
state where you got the material from. You need to be also very careful about the amount of
words you are using from somebody else’s work.
2. It can happen in any type of assessment where you are given the questions or tasks in advance.
3. If another student uses your work in his/her answer(s), both you and he/she will be punished
when caught.
4. Punishments for committing plagiarism can be very severe.

Details

Plagiarism is a form of cheating in which students use the work of others and present it as their own. It
may include all or any one of the following –

1. Copy extensively from the work of others (from sources such as books, magazines, journal, web-
sites etc) and submit the work as your own.

2. Copy another students’ work and submit it for assessment under your own name.
3. Allow another student to copy your work and then submit it for assessment under their own
name.

What happens if you get caught?

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QMB1 ASSIGNMENT FALL 2022

The examining body of CBFS may punish offending students in any manner that they deem fit. Typical
punishments may range from reduction in grades, making students re-sit modules and even failing
students on a module or an entire award. The college considers this form of cheating as a serious
offence. Therefore be forewarned!

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QMB1 ASSIGNMENT FALL 2022

ANSWER ALL QUESTIONS : (28 MARKS)

PRESENTATION (2 MARKS)

Please note that you need to type the assignment in MS equations (MSWORD) in the
template provided below

Q1. Suppose that the workshop manager of a truck company is setting up a production
schedule for two models of a new truck. Model A requires 4 bulbs and 9 tires. Model B
requires 5 bulbs and 14 tires. From its suppliers, the factory gets 335 bulbs and 850 tires
each day. How many of each model should the manager plan to make each day?

Model A Model B Total

Bulbs 4 5 335

Tires 9 14 850

(8 marks)

Let a be the number of model A and b be the number of model B.

A? B?
(1) 4a + 5b = 335
(2) 9a+ 14b = 850
(3)

Multiply by 9 (9) 4a + (9) 5b = (9) 335

36a + 56b = 3015
Multiply by 4 (4) 9a + (4) 14b = (4) 850
36a + 56b = 3400
36a – 36a + 56b – 45b = 3400 – 3015
11b = 385
b = 385/11
b = 35
so the manger should plan to produce 35 for Model B each day

(4) If b is 35 we can find a :

4a + 5b = 335
4a + 5(35) = 335

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QMB1 ASSIGNMENT FALL 2022

4a + 175 = 335
4a = 335-175
4a= 160
a = 160/4
a = 40
so the manger should plan to produce 40 for Model A each day

Q2; The price demand function for x swiss bars, a delicious chocolate treat is given by
p(x)= 55 +0.5x. The cost function for producing x swiss bars is c(x) = 50 +0.40x
a) Find the revenue function

R(x) = x * P(x)
R(x) = x * (55+0.5x)
R(x) = 55 x+ 0.5 x 2
b) Find the Profit function

Pr(x) = R(x) – c(x)

= (55 x+0.5 x 2 ¿-( 50 +0.40x)
= 55 x+ 0.5 x 2- 50 +0.40x
= 54.96x + 0.5 x 2- 50
c) Find the revenue, cost and profit for producing and selling 150 swiss bars

Revenue:
R(x) = P(x) + C(x)
R (150) = 55 +0.5(150) + 50 + 0.40(150)
R (150) = 105 + 75 + 60
R (150) = 240
Revenue for producing 150 swiss bars is 240
Cost:
(150) = 50 + 0.40(150)
= 50+60 = 110
Cost of producing 150 bars is 110
Profit:

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QMB1 ASSIGNMENT FALL 2022

P(x) = R(x) − C(x)

P (150) = 240 – 110
P (150) = 130
Profit of producing 150 swiss bars is 130
d) Find the average cost of 150 swiss bars

C ( x ) 50+ 0.40(150)
C ( x )= = =0.733
x 150

Producing of 150 swiss bars, average cost to produce 1 bar is 0.733

(8 marks)

Q3. To encourage conservation, a gas company charges two rates. You pay $0.73 per
therm for 0–60 therms and $0.94 for each therm over 60.
Graph the case-defined function that represents the monthly cost of ‘t’ therms of gas
(8 marks)

0.73 (t) ≤ 60

F(t) 0.73(t) + (t-60) 0.94 t ¿ 60

X 40 50 63 75 79

Y 29.2 36.5 48.81 68.85 75.53

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QMB1 ASSIGNMENT FALL 2022

Y-Values
80 75.53
68.85
70 f(t)= 0.73(t)+(t-60) 0.94
60
48.81
50

40 36.5

29.2
30
f(t) =
20
0.73(t)

10

0
35 40 45 50 55 60 65 70 75 80 85

Q4. Suppose the weekly demand function for large pizzas at a local pizza parlor is
p = 26 - q /40.

a. If the current price is $16.50 per pizza, how many pizzas are sold each week?
Current price is 16.50$
16.50=26-q/40
q= 9.5(40)
q=380

So 380 unit of pizza to be sold each week.

b. If 100 pizzas are sold each week, what is the current price?
If “q” =100
P=26-100/40
P=26-2.5
P=23.5

So, the current price for 100 unit of pizza is 23.5$

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QMB1 ASSIGNMENT FALL 2022

c. If the owner wants to double the number of large pizzas sold each week to 200, what
should the price
Let’s’ q’=200
P=26-200/40
26-5=21$
So, the price for 200 large pizza the owner should take is 21 $

d. Draw the function including domain and range for all the above three situations

Deman
d 380 200 100
Price 16.5 21 23.5

Price
25
23.5
21
20

16.5
15

10

0
50 100 150 200 250 300 350 400

When the
units are
increase the
price reduced

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QMB1 ASSIGNMENT FALL 2022

(4 marks)

____________________________________________________________________________________________________
____________________________________________________________________________________________________

College of Banking and Financial Studies

UG Studies Program
Standard Valued Rubrics for Assignment

Level 5
Marks/Grades 90-100 85-89 74-84 56-73 55-55 0-49

Criterion A A- B C D F

Knowledge Shows Sound Major facts Shows Minimal No

well- understandi are understandi understandi understandi
50% coordinated ng of understood ng of basic ng of basic ng of the
understandi subject issues/theor issues/topic topic/subject
ng of matter y area
subject

Analysis 20% Touches Detailed Reasoned Shows Fails to No or

upon all coverage of argument evidence of identify minimal
relevant basic and understandi subtle understandi
issues/theor concepts/the sequencing ng of issues/theor ng of the
y. Concise ory. concepts. y. Captures key
analysis Reasonable Coverage obvious theories/topi
coverage of of obvious ideas. c
subtle ideas.
issues/theor
y

Research Excellent Use of up- Appropriat Adequate Weak Poor

10% referencing to-date e referencing reading and referencing.
and reading resources. referencing and referencing Shows lack
in all areas Well reading. of
informed reading/refe

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QMB1 ASSIGNMENT FALL 2022

and rences out

generally of date
accurate
information
provided.

Relevance All Material Discussion Some Some No

10% material used is shows material repetitive relevance to
used is of relevant relationship repetitive matter. subject
relevance to theory Irrelevant matter

Conclusion Excellent Intelligent Methods Conclusion Weak Poor

10% conclusion. conclusion. incorporate in place but conclusion conclusion.
Brings Good modificatio key points and content. Poor
together all application ns used missing. Satisfactory knowledge
concepts of Reasonable application application.
and adds an knowledge application of
original of ideas/theory
perspective knowledge

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