The closest to the maximum number of cups the punch bowl can hold is 30
<h3>How to determine the number of cups?</h3>
The given parameters are:
1 cup = 15 cubic inches
Diameter of bowl, d = 12 inches
The radius is the half of the diameter.
So, we have:
r = 6
The volume of the bowl is then calculated using:
This gives
Evaluate
V = 452.16
The maximum number of cups is then calculated using:
Cups = 452.16/15
Evaluate
Cups = 30.1444
Approximate
Cups = 30
Hence, the closest to the maximum number of cups the punch bowl can hold is 30
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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