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As a result of several mergers and acquisitions, stock in four companies has been distributed among the companies. Each row of the following table gives
As a result of several mergers and acquisitions, stock
in four companies has been distributed among the
companies. Each row of the following table gives the
percentage of stock in the four companies that a
particular company owns and the annual net income
of each company.
So company A holds of its own stock, of the
stock in company B of the stock in company C
etc. For the purpose of assessing a state tax on
corporate income, the taxable income of each
company is defined to be its share of its own annual
net income plus its share of the taxable income of
each of the other companies, as determined by the
percentages in the table. What is the taxable income
of each company to the nearest thousand dollars
Use the variables to represent taxable
income of company to represent taxable
income of company to represent taxable
income of company and to represent
taxable income of company and write the
system of equations that can be used to find
all of the taxable incomes in millions of dollars.
The equation that represents the calculation of
company As taxable income is
The equation that represents the calculation of
company Bs taxable income is
The equation that represents the calculation of
company Cs taxable income is
The equation that represents the calculation of
company Ds taxable income is
Simplify your answers. Use integers or
decimals for any numbers in the equations.
The taxable income for company A is $
million. The taxable income for company is
$ million. The taxable income for company
is $ million. The taxable income for
company is $ million.
Round to the nearest thousandth as needed.
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