Answer:
The answers are given below.
Step-by-step explanation:
The computation is shown below:
1.a.
Profit Margin = Net Income ÷ Sales × 100
= $374 ÷ $6,900 ×100
= 5.4%
1-b:
Average Assets = (Beginning Assets + Ending Assets) ÷ 2
= ($3,200 + $3,600) ÷ 2
= $3,400
Now
Return on Assets = Net Income ÷ Average Assets
= $374 ÷ $3,400
= 11%
1-c
Average Equity = ($700 + $700 + $320 + $270) ÷ 2
= $995
Now
Return on Equity = Net Income ÷ Average Equity *100
= $374 ÷ $995
= 37.59%
2:
Dividends Paid = Beginning Retained Earnings + Net Income – Ending Retained Earnings
= $270 + $374 - $320
= $324
Answer:
$5,500
Step-by-step explanation:
Since Landen Company uses a single overhead rate of $100 per direct labor hour, the total amount allocated to the deluxe and basic chairs is given by the sum of the DLH used up for both products multiplied by the overhead rate:
The total amount allocated to these products is $5,500.
Answer:
b = 
Step-by-step explanation:
Multiply through by 3 to clear the fractions.
4b + 6 = 12 - b ( add b to both sides )
5b + 6 = 12 ( subtract 6 from both sides )
5b = 6 ( divide both sides by 5 )
b =
The sample space is:
(1, 1); (1, 2) - sum of 3; (1, 3); (1, 4); (1, 5) - sum of 6; (1, 6);
(2, 1) - sum of 3; (2, 2); (2, 3); (2, 4) - sum of 6; (2, 5); (2, 6);
(3, 1); (3, 2); (3, 3) - sum of 6; (3, 4); (3, 5); (3, 6) - sum of 9;
(4, 1); (4, 2) - sum of 6; (4, 3); (4, 4); (4, 5) - sum of 9; (4, 6);
(5, 1) - sum of 6; (5, 2); (5, 3); (5, 4) - sum of 9; (5, 5); (5, 6);
(6, 1): (6, 2); (6, 3) - sum of 9; (6, 4); (6, 5); (6, 6)
Answer:
<h2>3.375yards of blue fabric </h2><h2>6.125yards of green fabric</h2>
Step-by-step explanation:
step one:
given data
blue fabric costs $9 a yard.
green fabric costs $13 a yard.
Let x represent the number of blue yards of fabric purchased and
let y represent the number of green yards of fabric purchased.
Step two:
The quilter needs at least 9.5 yards of fabric in total.
x+y>=9.5--------1
The quilter can spend up to $110 on fabric.
9x+13y<=110----2
from equation
x+y>=9.5
x=9.5-y
put x=9.5-y in equation 2 we have
9(9.5-y)+13y<=110----2
85.5-9y+13y=110
4y=110-85.5
4y=24.5
y=24.5/4
y=6.125
put y=6.125 in x=9.5-y to find x
x=9.5-6.125
x=3.375
Hence the quilt can purchase
3.375yards of blue fabric
6.125yards of green fabric
