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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.

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Answer:

The expressions 7x + 4 and 3x + 5 + 4x = 1 are equivalent for every value of x.

Step-by-step explanation:

Expressions - 7x + 4 and 3x + 5 + 4x = 1.

1. When x = 2, both expressions have a value of 18. Let's find out:

1st expression : 7(2) + 4 = 14+4 = 18

2nd expression : 3(2) + 5 + 4(2) = 1

or 6 + 5 + 8 - 1 = 18

Values of both the expressions is 18, hence it is correct statement.

2.The expressions are only equivalent for x = 4 and x = 6.

This is incorrect statement as we just calculated above that the expressions are equivalent for x = 2. Hence, it is incorrect.

3. The expressions have equivalent values for any value of x.

Say, x = 0, then,

7x + 4 = 7 (0) + 4 = 4 and,

3x + 5 + 4x - 1 =  3(0) + 5 + 4(0) - 1  = 5-1 = 4

The statement holds.

Let's try again for x = 12,

7x + 4 = 7(12) + 4 = 88 and,

3x + 5 + 4x - 1 =  3(12) + 5 + 4(12) - 1  = 36 + 5 + 48 -1 =  88

Let's try again for x = 13,

7x + 4 = 7(13) + 4 = 95 and,

3x + 5 + 4x - 1 =  3(13) + 5 + 4(13) - 1  = 39 + 5 + 52 -1 =  95

Clearly, it holds for every value of x, whether it is odd or even. Hence, it is correct statement.

_______________________________________________________

Trick: 7x + 4 = 0....(1) and,

3x + 5 + 4x = 1

Rearranging the terms of above expression, we get,

(3x + 4x) + (5 - 1) =0

or 7x + 4 = 0...(2)

clearly both (1) & (2) are equivalent.

_____________________________________________________

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2 years ago
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