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
7nadin3 [17]
3 years ago
9

Metropolis Corporation has 4 shareholders: Fritz, Luis, Alfred and Werner. Number of shares that Fritz owns is 2/3 rd of number

of the shares of the other three shareholders, number of the shares that Luis owns is 3/7 th of number of the shares of the other three shareholders and number of the shares that Alfred owns is 4/11 th of number of the shares of the other three shareholders. If dividends of $3,600,000 were distributed among the 4 shareholders, how much of this amount did Werner receive?
Business
1 answer:
Deffense [45]3 years ago
8 0

Answer:

$120,000

Explanation:

Given:

Shares owned by Fritz = \frac{2}{3} of number of the shares of the other three shareholders i.e \frac{2}{2+3}=\frac{2}{5} of all the shares

Shares owned by Luis  = \frac{3}{7} of number of the shares of the other three shareholders i.e \frac{3}{3+7}=\frac{3}{10} of all the shares

Shares owned by Alfred = \frac{4}{11} of number of the shares of the other three shareholders i.e \frac{4}{4+11}=\frac{4}{15} of all the shares

Therefore,

Shares owned by them together = \frac{2}{5}+\frac{3}{10}+\frac{4}{15}

=  \frac{29}{30} of all shares,

This means that Werner owns = 1 − \frac{29}{30} of all shares,

=\frac{1}{30} of all shares

i.e

= \frac{1}{30} × $3,600,000

= $120,000

You might be interested in
The answer is already there, this is for the peeps who need it... What are human resources?
denis-greek [22]

I actually did need this, thank you!

4 0
3 years ago
Briefly explain the weaknesses of the RSA's Industrial Development Zones?
Leni [432]
  • Revenue losses because of the various tax exemptions and incentives.
  • Many traders are interested in SEZ, so that they can acquire at cheap rates and create a land bank for themselves.
  • The number of units applying for setting up EOU's is not commensurate to the number of applications for setting up SEZ's leading to a belief that this project may not match up to expectations.
7 0
2 years ago
The decrease in total surplus that results from a market distortion, such as a tax, is called a a. consumer surplus loss. b. wed
Dafna11 [192]

Answer:

Option "C" is the correct answer to the following question.

Explanation:

Dead-weight loss : A dead-weight loss seems to be a burden or tax or pay  to society generated by the ineffectiveness of the economy, which arises when market forces are out of control. Dead-weight loss may be attributed to any deficit caused by an inadequate redistribution of capital primarily used of economy.

3 0
2 years ago
The first person that answers ill give u 50 brainlist points, brainlist to, stars, and a heart
melisa1 [442]
Hi and I am cool
And thx
6 0
2 years ago
Read 2 more answers
A firm is planning on paying its first dividend of $2 three years from today. After that, dividends are expected to grow at 6% p
BabaBlast [244]

Answer:

The intrinsic value of a share today is $16.87

Explanation:

Intrinsic Value of the share is calculated as below.

Dividend Valuation method is used to value the stock price of a company based on the dividend paid, its growth rate and rate of return. The price is calculated by calculating present value of future dividend payment.

Value of Share = Dividend / (Rate of return - Growth rate)

placing values in the formula

Value of share = $2 / (14% - 6%) = $25

$25 is the value of share after 3 year, to calculate today's value we have to discount it as below

Today's value of share = $25 x ( 1 + 14% )^-3 = $16.87

7 0
3 years ago
Other questions:
  • In the as/ad model, an expansionary monetary policy has the greatest effect on the price level when it
    15·1 answer
  • What benefit did seward see in acquiring alaska?
    12·1 answer
  • Match the name of each bank service to its description.
    5·1 answer
  • On January 1 2016, Paulus Company purchased 75% of Sweet Corporation for $500,000. Sweet’ stockholders’ equity on that date was
    14·1 answer
  • Cazenovia is in the midst of a bad? recession, and its Congress has placed economic recovery at the top of its political agenda.
    6·1 answer
  • The people in an economy have $10 million in money. there is only one bank that all the people deposit their money in and it hol
    12·1 answer
  • The most immediate impact of rising inflation is
    13·2 answers
  • The difficulty of the ___________estimate is that the measure of remaining budget changes depending on whether you are currently
    10·1 answer
  • Ultimo Co. operates three production departments as profit centers. The following information is available for its most recent y
    11·1 answer
  • Dave invests in a bond that yields 3. 50% annual effective for 10 years. The bond pays coupons at a rate of 3. 50%, payable semi
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!