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puteri [66]
4 years ago
6

dupe's age and olu's add upto 25 years. Eight years ago , dupe was twice as old as olu. how old are they now?​

Business
1 answer:
Bas_tet [7]4 years ago
6 0

Dupe's present age = 14 years

Olu's present age = 11 years

Explanation:

  • Let Dupe's age be x. Let Olu's age be y. Since their ages add up to 25 years, x + y = 25
  • Eight years ago Dupe's age was double that of Olu's age. Solving by simultaneous equations. Four methods are Elimination Method, Graphical Method, Substitution Method, and    Matrix Method. Let us try out Elimination method for solving a pair of simultaneous linear equations that reduces one equation to one that has only a single variable. Once this has been done, the solution is the same as that for when one line was vertical or parallel.
  • Therefore, eight years ago, Dupe's age was 6 and Olu's age was 3 so that x=2y becomes, 6=2*3. Eight years hence, x=6+8=14 and y=3+8=11. That makes, x or Dupe's age as 14 years and y or Olu's age as 11 years.  
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Answer:

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ROI before investing = 10.97%

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c. ROI after investing = ($220,000+$37,000) / ($2,005,000+$450,000)

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8 0
3 years ago
Alabama Corporation, an S corporation, liquidates this year by distributing a parcel of land to its sole shareholder, Mark Ingra
Darina [25.2K]

Answer:

Alabama recognized gain is = $26000

mark recognized is = $34600

basis in land is fair market value = $70,400

Explanation:

given data

fair market value = $70,400

tax basis = $44,400

basis = $35,800

to find out

amount of gain or loss and How much gain must Mark recognize as distribution and what is his basis in land

solution

we get here Alabama recognized is express as

Alabama recognized is = fair market value - tax basis

Alabama recognized  is =$70400 - $44400

Alabama recognized gain is = $26000

and

we know gain increase his stock basis from $35800 to ( 26000 + 35800) = $61800

so we recognized gain allocated is = $70400 - $61800 = $8600

and

here mark recognized is = gain allocated + Alabama recognized gain

mark recognized is = $8600 + $26000

mark recognized is = $34600

and

basis in land is fair market value = $70,400

5 0
4 years ago
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azamat

Answer:

$22

Explanation:

Total common equity = $2,050,000

Net income = $250,000

Dividends = $100,000

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= (Beginning common equity + Net income - Dividend) ÷ Number of shares

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= $2,200,000 ÷ 100,000

= $22

Hence, the ending book value per share is $22.

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