Assignment
problem 1)
Based on past experience, a production process requires 15 hours of direct labour and 2 assemblers for every $450 of raw materials. If the company has budgeted for $33,750 worth of raw materials, how many hours of direct labour and how many assemblers will the company require?
problem2)
A&E Holdings’ profit and loss statement showed a net income of 9¾ %of revenue or $29,250. Twenty percent (20%) of the net income was paid in taxes and 75% of the net income after taxes was paid out as dividends to Alice and Emile in the ratio 5:3.
a) What was the revenue holding of A and E?
b) how much was the after tax income?
c) how much was the paid out in dividends?
D) what percent of income did Alice received as dividned?