I know 6% of $3000 is $180
But I don't understand the rest of the question.
Answer:
x = 10
Step-by-step explanation:
so first distribute the 3/4 to everything on the inside
3/4x + 1 1/2 = 9
now subtract 1 1/2 on both sides
3/4x = 7 1/2
Now divide both sides by 3/4
x = 7 1/2 divided by 3/4
x = 15/2 divided by 3/4
x = 15/2 times 4/3
x = 5/1 times 2/1
x = 10
Answer:
The answers are given below.
Step-by-step explanation:
The computation is shown below:
1.a.
Profit Margin = Net Income ÷ Sales × 100
= $374 ÷ $6,900 ×100
= 5.4%
1-b:
Average Assets = (Beginning Assets + Ending Assets) ÷ 2
= ($3,200 + $3,600) ÷ 2
= $3,400
Now
Return on Assets = Net Income ÷ Average Assets
= $374 ÷ $3,400
= 11%
1-c
Average Equity = ($700 + $700 + $320 + $270) ÷ 2
= $995
Now
Return on Equity = Net Income ÷ Average Equity *100
= $374 ÷ $995
= 37.59%
2:
Dividends Paid = Beginning Retained Earnings + Net Income – Ending Retained Earnings
= $270 + $374 - $320
= $324
A quadratic equation is an equation that includes a squared term. For example, 3x + 7 = 28 is not a quadratic equation as it only has x, whereas x^2 + 5x + 6 = 0 is a quadratic equation as it includes x^2. Quadratic equations also usually have two solutions, whereas linear equations (like my first example) only have one.
I hope this helps! Let me know if you would like me to explain anything more :)
