Answer:
Jaffrey will end up making $1214 in the first year
Step-by-step explanation:
950 + 12(22) = ?
first lets find out what 12 * 22 =?
12 * 22 = 264
now lets add 264 to 950
264 + 950 = 1214
So first you would have to add 10 and 1/8 and 3 and 5/8 which is 4 and 3/4 then add 2 and 7/8 to 4 and 3/4 which is 7 and 5/8 so 7 5/8 is the answer.
180 + 30x = 60 + 50x
⇒ 20x = 120
⇒ x = 6 minutes
<span>it will take 6 minutes for Millie to catch up with Ben</span>
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
