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Investments and Subsidiary revenues combined constitute what percent o
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18 Oct 2024, 04:57
18 Oct 2024, 04:57
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The following tables show the revenues & costs, in thousands of dollars, for a small company in the year 2007.
Investments and Subsidiary revenues combined constitute what percent of total revenue?
A. 5.0%
B. 14.2%
C. 22.6%
D. 28.4%
E. 39.9%
Investments and Subsidiary revenues combined constitute what percent of total revenue?
A. 5.0%
B. 14.2%
C. 22.6%
D. 28.4%
E. 39.9%
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Re: Investments and Subsidiary revenues combined constitute what percent o
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17 Dec 2024, 10:21
17 Dec 2024, 10:21
Expert Reply
The sum of Subsidiaries + Investment is approximately $300K: that's the "part". The total revenues are approximately $1,000K: that's the "whole". Percent = 300/1000 = .3 = 30%. But revenues are a little more than $1,000K, which makes the denominator bigger, which makes the whole fraction smaller, so we expect answer just under 30% --- D is perfect. In a more precise calculation, the sum of Subsidiaries + Investment = $246,000 + $53,000 = $299,000 is the "part", and the total revenues, $1,052,000, is the "whole".
Answer = D.
Answer = D.
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