EXERCISE 3: DISTRIBUTION OF THE PROFIT FOR THE YEAR Assume that a company earns $280,000 in profit for the year on $3 million in revenue.
The board of directors decides to keep half to pay for dividends and to reinvest the
rest in the company. Sixty percent of the retained earnings are invested in non-
current assets and the rest, in working capital for growth.
Questions
1. Calculate, as a percentage of revenue, how much would be kept in the
company for growth (i. e., working capital and non-current assets) and
how much would be used to pay dividends.
2. Explain who is responsible for deciding how much to retain in the
business and how much to pay in dividends.
3. What do you think the board of directors would do if the profit for
the year increased to $350,000?

(0,-3) see attached graph

step-by-step explanation:

a. to solve the system, graph the two equations.

x = y+3 becomes y=x-3 has m=1/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move up 1 unit and 1 unit to the right. plot a point and connect.

y=-4x+3 has m =-4/1 and b=-3. start at (0,-3) on the y-axis and plot a point. then move down four units and to the right 1 unit. plot a point and connect.

the solution is the point (x,y) where the two lines intersect. by the graph below it is (0,-3).

b. to solve by substitution, substitute y = -4x-3 into x= y+3

x= (-4x-3) +3

x=-4x

5x=0

x=0

now substitute x = 0 back in to find y.

y= -4(0)-3

y=0-3

y=-3

solution is (0,-3)

c. use elimination by adding the equations together.

x-y=3

4x+y=-3

5x=0

x=0

then substitute into one equation to find y.

y=-4(0)-3

y=-3

you already gave the answer

step-by-step explanation:

answer: 7 x 2/5 = 2.8 hours, is your answer. your welcome! : 3

step-by-step explanation: first work out how long it took to hose 1/7 of the lawn which is 2/5 hours. times that by 7 to get the whole lawn.

sorry i don't know the other answer. i didn't learn what a proportional relationship is.

70 years.

step-by-step explanation: