Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a dividend

Question:

Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a dividend of $12 800 and five-ninths of the net profit was retained in the company, what was last year’s revenue?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

See More Books

Question Posted: Sep 21, 2024 05:19 AM

See More Questions

Explain Computer Network Types.
Consider the production process for manufacturing widgets. The first step in the process is Task A which can produce 80% good products. Among the defective products, 60% can be salvaged by reworking...
Financing with convertible debt is especially appropriate for small, rapidly growing, or risky companies. Explain why.
Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a dividend of $12 800 and five-ninths of the net profit was retained in the company, what was last years...
Brown and Stetham, plumbers, successfully bid $30,000 for the plumbing work on a new luxury home. Total direct labor cost on the job was $9,500, other direct costs were $2,500, and overhead is...
Firm A can borrow at LIBOR + 150 basis points or fixed at 5% Firm B can borrow at LIBOR + 350 basis points or fixed at 11% Preliminary Questions (a) In order for there to be a swap that will generate...
Five-eighths of Jesse Blacks inventory was destroyed by fire. He sold the remaining part, which was slightly damaged, for one-third of its value and received $1300. (a) What was the value of the...
Material cost of a web camera is five-eighths of total cost, and labour cost is one-third of material cost. If labour cost is $15, what is the total cost of the web camera?
In Exercises 4144, Calculate '(x) in terms of P(x), Q(x), and R(x), assuming that P'(x) = Q(x), Q'(x) = R(x), and R'(x) = P(x). f(x) = P(x) Q(x) X
Need full calculation with diagrams solution full accurate clean handwriting. GENERAL DIRECTIONS: Solve the given problems below. Writeyour answer on the space provided and box your final answer. Use...
2. An acclaimed restaurant, Fleur De Lys is interested in knowing if their diners spend more on weekends than weekdays. To determine this, random samples of 36 weekend diners and 36 weekday diners...
Imagine a company that is trying to fill a manager position based on the behavioral approach of leadership. Would they focus more on selection or development?
R is required for this question. Can someone walk me through the steps? Open the prostate data from the faraway package. Model lpsa as the response and all other variables as predictors. Implement...
In the "Implications for public health" the researchers suggest various steps that could be taken to prevent bystanders from drowning when attempting a rescue. (They use the term bystander even when...
A light bulb is 4.00 m from a wall. You are to use a concave mirror to project an image of the bulb on the wall, with the image 2.25 times the size of the object. How far should the mirror be from...
Time Travel Publishing was recently organized. The company issued common stock to an attorney who provided legal services worth $25,000 to help organize the corporation. Time Travel also issued...
Let's assume that a late-twentieth century college graduate got a good job and began a savings account. He is paid monthly and authorized the bank to automatically withdraw $75 each month. The bank...
Bob, an engineer, decided to start a college fund for his son. Bob will deposit a series of equal, semiannual cash flows with each deposit equal to $1500. Bob made the first deposit on July 1, 1998...
A business executive is offered a management job at Generous Electric Company, which offers him a 5-year contract that calls for a salary of $62,000 per year, plus 600 shares of GE stock at the end...
14 (1 point) Bonds Question: Calder Company issues 12-year bonds with a face value of $20,000,000 and a stated annual interest rate of 6%. The bonds pay interest semiannually on June 30 and December...
17. bar charts allow one to compare either several aspects of each item or several items over time. 18. When discussing a visual, the main point that summarizes the visual should appear. presenting...
WSW Tax Service offers tax and consulting services to individuals and small businesses. Data for fees and costs for three types of tax returns is presented in the table below Fixed costs total...

Last year, net profits of Herd Inc. were two-sevenths of revenue. If the company declared a dividend

Question:

Step by Step Answer:

Let last yearsprofit be x 49 12 ...View the full answer

Contemporary Business Mathematics with Canadian Applications

Students also viewed these Finance questions