{"id":1236,"date":"2021-05-17T16:41:13","date_gmt":"2021-05-17T20:41:13","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/?post_type=chapter&p=1236"},"modified":"2021-06-29T18:59:49","modified_gmt":"2021-06-29T22:59:49","slug":"videos-definitions-ratios-and-proportions","status":"web-only","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/businessmathematics\/chapter\/videos-definitions-ratios-and-proportions\/","title":{"raw":"Videos: Definitions, Ratios and Proportions","rendered":"Videos: Definitions, Ratios and Proportions"},"content":{"raw":"
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  1. To run a lemonade stand, Charlie and Sam spent $20 building a booth, and $100 on lemons and sugar. If they brought in $300 in Sales, find their Costs, Net Profit and Gross Profit.<\/li>\r\n<\/ol>\r\n[embed]https:\/\/youtu.be\/W0gsrRidQLE[\/embed]\r\n\r\n \r\n
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    1. Detailed information about Minute Maid Lemonade company is supplied below:<\/li>\r\n<\/ol>\r\nIncome Statement <\/strong>\r\n\r\nSales $20,000,000\r\n\r\n- COGS 12,000,000\r\n\r\n= Gross Profit 8,000,000\r\n\r\n- Operating expenses 5,000,000\r\n\r\n= Net Profit 3,000,000\r\n\r\nCreate a common size income statement (express each line as a percent of sales.)\r\n\r\nFind the Percent Net Margin for both Charlie and Sam\u2019s lemonade stand, and for Minute Maid. Which company had higher Profit Margins?\r\n\r\n[embed]https:\/\/youtu.be\/InstrHLtnxo[\/embed]\r\n
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      1. Sarah likes to keep the investments in her RRSP in a ratio of 1:3:2 in Cash, Bonds, and Stocks. Last year she invested $12,000 in total.\r\n
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        <\/td>\r\n%<\/td>\r\nInitial<\/td>\r\n%change<\/td>\r\nInterest<\/td>\r\nToday<\/td>\r\nNew Total<\/td>\r\nDifference<\/td>\r\n<\/tr>\r\n
        CASH<\/td>\r\n<\/td>\r\n \r\n\r\n <\/td>\r\n+3%<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n
        BONDS<\/td>\r\n<\/td>\r\n \r\n\r\n <\/td>\r\n+8%<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n
        STOCKS<\/td>\r\n<\/td>\r\n \r\n\r\n <\/td>\r\n-2%<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n
        TOTAL<\/strong><\/td>\r\n \r\n\r\n <\/td>\r\n$12,000<\/td>\r\n-<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n \r\n\r\n(a) How did she invest her initial $12,000?\r\n\r\n(b) Over the year, her cash investments rose by 3%, her Bonds by 8%, and her stocks lowered by 2%. What was her profit or loss over the year?\r\n\r\n(c) This year, Sarah has another $2540 to invest. How should she invest her money so that the ratio of total investments returns to 1:3:2?<\/li>\r\n<\/ol>\r\nhttps:\/\/www.youtube.com\/watch?v=SjilsR1Jr4E","rendered":"
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        1. To run a lemonade stand, Charlie and Sam spent $20 building a booth, and $100 on lemons and sugar. If they brought in $300 in Sales, find their Costs, Net Profit and Gross Profit.<\/li>\n<\/ol>\n