Use proportions to solve the following problem. Last year, net profits of a company were nine-nineteenths of revenue. If the company declared a dividend of $17,586 and three-sevenths of the net profit was retained in the company, what was last year's revenue? Total revenue generated by the company is S. (Round to the nearest dollar as needed.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
icon
Related questions
Question
Use proportions to solve the following problem.
Last year, net profits of a company were nine-nineteenths of revenue. If the company declared a dividend of $17,586 and three-sevenths of the net profit was retained in the company, what was last year's revenue?
Total revenue generated by the company is $
(Round to the nearest dollar as needed.)
Transcribed Image Text:Use proportions to solve the following problem. Last year, net profits of a company were nine-nineteenths of revenue. If the company declared a dividend of $17,586 and three-sevenths of the net profit was retained in the company, what was last year's revenue? Total revenue generated by the company is $ (Round to the nearest dollar as needed.)
The working capital at the end of the third quarter was 74% higher than at the end of the second quarter. What was the amount of working capital at the end of the second quarter if the working capital at the end of the third quarter was $74,681?
The amount was $
(Round to the nearest integer.)
Transcribed Image Text:The working capital at the end of the third quarter was 74% higher than at the end of the second quarter. What was the amount of working capital at the end of the second quarter if the working capital at the end of the third quarter was $74,681? The amount was $ (Round to the nearest integer.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Linear Equations
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Intermediate Algebra
Intermediate Algebra
Algebra
ISBN:
9780998625720
Author:
Lynn Marecek
Publisher:
OpenStax College
Algebra: Structure And Method, Book 1
Algebra: Structure And Method, Book 1
Algebra
ISBN:
9780395977224
Author:
Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:
McDougal Littell
Holt Mcdougal Larson Pre-algebra: Student Edition…
Holt Mcdougal Larson Pre-algebra: Student Edition…
Algebra
ISBN:
9780547587776
Author:
HOLT MCDOUGAL
Publisher:
HOLT MCDOUGAL
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill