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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 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.
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