Answer:
In 2015, the financial statements of Ultimate Medical Center reported $500,000 in total revenues and $145,000 in net income. The balance sheet showed net assets of $350,000. Calculate the operating margin ratio and the return on equity rate for Ultimate Medical Center.
Step-by-step explanation:
Rate is the change in one variable in relation to another variable. Generally, rate is calculated as follows:
R = ΔV1/ΔV2
Where
R = Rate
ΔV1 = Change in variable 1
ΔV2 = Change in variable 2
In the current scenario,
ΔV1 = 250,000 m^3 of mulch applied
ΔV2 = 1 m^2 of garden space
Therefore,
Rate of applying much is, R = 250,000/1 = 250,000 m^3/m^2
What I would do is find the common denominator for both fractions. The common denominator in this case would be 24 seeing as both 3 and 8 go into 24 evenly. 1/3 would equal to 8/24 by multiplying both 1 and 3 by 8 and 3/8 would equal to 9/24 by multiplying both 3 and 8 by 3. Add 8 and 9 from the fractions 8/24 and 9/24 which would give you 17/24. To find the remaining section of the circle, subtract 17 from 24 which would give you 7/24. 7/24 doesn't reduce any further so your answer would be 7/24 of the circle is shaded.
Given:
price = 1,250
sales discount = 15%
sales tax = 6.5%
The problem is unclear whether the price is the original price or the discounted price. I am assuming that the price is the original price.
Original price times sales discount rate is the value of sales discount
1,250 x 15% = 187.50
Original price less the value of sales discount is the discounted price.
1,250 - 187.50 = 1,062.50
Discounted price times sales tax rate is the value of the sales tax
1,062.50 x 6.5% = 69.06
Discounted price plus sales tax is the total cost of the purchase
1,062.50 + 69.06 = 1,131.56
