That's the simplest it can go.
Answer:
Step-by-step explanation:
Let x be the brother's weight.
Then 2x-5 is Andy's weight.
x+(2x-5)=100
3x-5=100
3x=105
Answer:
$13,671
Step-by-step explanation:
Each stamp cost $1,953, and the collector bought 7 of them.
1953 * 7 = 13671
The collector spent $13,671 on the stamps.
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
