A cement manufacturer has supplied the following data: Tons of cement produced and sold 275,000 Sales revenue$979,000 Variable m
1 answer:
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Answer:
$120,000
Explanation:
Given:
Shares owned by Fritz = of number of the shares of the other three shareholders i.e
of all the shares
Shares owned by Luis = of number of the shares of the other three shareholders i.e
of all the shares
Shares owned by Alfred = of number of the shares of the other three shareholders i.e
of all the shares
Therefore,
Shares owned by them together =
= of all shares,
This means that Werner owns = 1 − of all shares,
= of all shares
i.e
= × $3,600,000
= $120,000