1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sveta [45]
3 years ago
15

The Mercury Electric Company issued 2,000,000 shares of stock at $62.50 per share. These selling expenses are deducted: commissi

ons 4%, legal fees $2,255,500, advertising $450,000, printing costs $324,400, and accounting fees $386,000. Find the selling expense per share to the nearest cent.
Mathematics
1 answer:
stealth61 [152]3 years ago
3 0
 Total expense= sum of all expenses incurred 
                       = commission+legal fees+advertising+printing cost+accounting fees

Total amount of shares sold=$ 2000000 x $62.5
                                              =$ 125000000
commission= 4% of the total amount of shares sold                      = .04x12500000
                      =$ 5000000
total expenses= $5000000+$2255500+$450000+$324400+$386000
                        =$8415900
selling expense/share = $8415900/2000000
                                      =$4.21/shareThe total expense per share is $4.21.

You might be interested in
What fraction of the students in the class named baseball their favorite sport
mojhsa [17]

now, let's take a peek at the denominators, we have 3 and 8 and 12, we can get an LCD of 24 from that.

Let's multiply both sides by the LCD of 24, to do away with the denominators.

so, let's recall that a whole is "1", namely 500/500 = 1 = whole, or 5/5 = 1 = whole or 24/24 = 1 = whole.  So the whole class will yield a fraction of 1/1 or just 1.

\bf ~\hspace{7em}\stackrel{\textit{basketball}}{\cfrac{1}{3}}+\stackrel{\textit{soccer}}{\cfrac{1}{8}}+\stackrel{\textit{football}}{\cfrac{5}{12}}+\stackrel{\textit{baseball}}{x}~=~\stackrel{\textit{whole}}{1} \\\\[-0.35em] \rule{34em}{0.25pt}\\\\ \stackrel{\textit{multiplying both sides by }\stackrel{LCD}{24}}{24\left(\cfrac{1}{3}+\cfrac{1}{8}+\cfrac{5}{12}+x \right)=24(1)}\implies (8)1+(3)1+(2)5+(24)x=24 \\\\\\ 8+3+10+24x=24\implies 21+24x=24\implies 24x=3 \\\\\\ x=\cfrac{3}{24}\implies x=\cfrac{1}{8}

4 0
3 years ago
Which ratio cannot form a proportion with 3/4?<br><br>A.)30/40<br>B.)12/20<br>C.)12/16<br>D.)9/12
Vesna [10]
The answer would be B)
4 0
3 years ago
Read 2 more answers
Find the 50th term for the sequence 31,24, 17
Nikitich [7]

9514 1404 393

Answer:

  -312

Step-by-step explanation:

The general term of an arithmetic sequence is ...

  an = a1 +d(n -1)

Here, you have first term a1 = 31, and common difference d = 24-31 = -7. So, the 50th term is ...

  a50 = 31 -7(50 -1) = 31 -7(49) = -312

The 50th term for the sequence is -312.

6 0
3 years ago
Please help im lost..
Hatshy [7]

Answer:

c

Step-by-step explanation:

3 0
3 years ago
0.15(y-0.2)=2-0.5(1-y)
Rzqust [24]

Answer:25

Step-by-step explanation:

it 25 bc if u add them and then subtract then u get 25

8 0
3 years ago
Other questions:
  • hn and 4 friends are going out for pizza for lunch. They split one pizza and 5 large drinks. The pizza cost $10.00. After using
    10·1 answer
  • How does the volume of a cone change when the radius is quadrupled and the height id reduced to 1/5 of the original size?
    8·1 answer
  • Somebody PLLLZZZ help
    9·2 answers
  • What are factors of 24
    13·1 answer
  • Yo, i really need help with this question
    12·1 answer
  • Ariana completed 6/7 of her math problems before dinner and the rest after dinner. How many problems did she have if she complet
    12·1 answer
  • A ladder leans against the side of a house. The angle of elevation of the ladder is 64 degrees
    13·1 answer
  • Find the slope of the line given the two points (2,7) and (2,-2).​
    13·1 answer
  • Plz help me, whoever gets it gets brainlyist. ALSO ALOT OF POINTS!!!
    10·2 answers
  • What is the value of m, when 2⁶ x 4 = 418​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!