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Oksanka [162]
2 years ago
5

A mutual fund owns 20,000 shares in Company Y. Company Y has 2 million shares issued. In one particular year, Company Y announce

s annual profits of $6 million, and decides to pay dividends to its shareholders at a rate of 15% of its annual profits. How much will the mutual fund receive in the form of dividends from Company Y? Round your answer to the nearest dollar.
Mathematics
1 answer:
anastassius [24]2 years ago
5 0

Answer:  $9,000

Step-by-step explanation:

Step 1

Calculate the amount of dividends the company will pay to all its shareholders.

= 15% of profits

= 15% * 6,000,000

= $900,000

Step 2

Calculate how much dividends each share will get;

$900,000 to 2 million shares of Company Y.

= 900,000/2,000,000

= $0.45

Step 3

Calculate how much the Mutual fund will get for its 20,000 shares

= 20,000 * 0.45

= $9,000

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FromTheMoon [43]

Answer:

Yes he have enough white paint.

Step-by-step explanation:

We are given

6 gallons of light green paint use → \frac{3}{8} gallons of white paint

using the unitary method

1 gallons of white paint → 6*8/3 gallons of light green paint

                                        → 16 gallons of light green paint

but Liam have 9/16 gallons of white paint

9/16 gallons of white paint → 16* 9/16 gallons of light green paint

                                             → 9 gallons of light green paint

Yes Liam have enough white paint to make 8 gallons of light green paint.  

3 0
2 years ago
Jason states that -5.0 is not an integer because it is a decimal. Is he correct? Why or why not?
gulaghasi [49]

Answer:

The answer is No, he's incorrect

Step-by-step explanation:

Because -5.0 is still -5 so therefore it makes -5.0 an integer

5 0
2 years ago
What are the closest two integers that 300 Sqrt. is between?<br><br>PLEASE HELP ME!
DerKrebs [107]
The two closest integers that 300 sqrt is 17 and 18
3 0
2 years ago
Read 2 more answers
Deana gave her younger sister $5.48 to buy some candy. Her sister returned $2.84 in change. How much did her sister spend on can
alexandr402 [8]

Answer:

$2.64

Step-by-step explanation:Get rid of the dollar sign and just subtract like normal.

 

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                                - 2.84

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5 0
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X- class members
y-total cost of a trip
The nature center: y=4$*x+95$
The zoo: y=9$*x+75$
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The zoo would cost less.
</span>
3 0
2 years ago
Read 2 more answers
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