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.
The answer is 75 because 50+60+115=225 divided by 3 is 75
The unit rate here is 2 pounds of trash in an hour. If two pounds of trash are picked up in an hour, we can multiply that by 3 and get that there will be 6 pounds picked up in 3 hours.
The function would be the initial plus growth rate * # years
So: f(x) = 9.05 + 0.031(7)
Where x= # years
