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Answers

Answer 1

Answer:

Explanation:

For time

Answer 2

Answer:

what are you talking about ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

Explanation:


Related Questions

Financial Calculations

Let's go through a series of calculations for Frank's cookie business.

First, let's determine how much Gross Profit he makes on each batch of cookies.

One batch is 24 cookies.

Frank starts by selling cookies for $1 each.

It costs Frank $10 in materials to make one batch of cookies (sugar, butter, chocolate chips, packaging, etc.)

What is the gross profit per batch of cookies?

Answers

Answer:

$14

Explanation:

24 each batch minus 10 is total profit

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2020, the last day of its fiscal year. The enterprise fund was established this year through a transfer from the General Fund. Debits Credits Accounts payable $ 100,000 Accounts receivable $ 25,000 Accrued interest payable 28,000 Accumulated depreciation 45,000 Administrative and selling expenses 47,000 Allowance for uncollectible accounts 12,000 Capital assets 705,000 Cash 90,000 Charges for sales and services 550,000 Cost of sales and services 492,000 Depreciation expense 45,000 Due from General Fund 17,000 Interest expense 40,000 Interest revenue 4,000 Transfer in from General Fund 115,000 Bank note payable 625,000 Supplies inventory 18,000 Totals $ 1,479,000 $ 1,479,000 Required: a. Prepare the closing entries for December 31. b. Prepare the Statement of Revenues, Expenses, and Changes in Fund Net Position for the year ended December 31. c. Prepare the Net Position section of the December 31 balance sheet. (Assume that the revenue bonds were issued to acquire capital assets and there are no restricted assets.)

Answers

The total net position for Village of Seaside Pines is $10000.

The closing entries for December 31st be:

Debit Charge for Sales and services $550000

Debit Transfer in from General Fund $115000

Debit Non operating revenues $4000

Credit Cost of sales and services $492000

Credit Depreciation expense $45000

Credit Administrative and selling expense $47000

Credit Non operating expense $40000

Credit Net position $45000

The Net Position section of the December 31 balance sheet will be prepared thus:

Capital asset acquired = $705000

Less: Accumulated depreciation = $45000

Less: Revenue bonds = $625000

Net investment in capital = $35000

Therefore, the total net position will be:

= $45000 - $35000

= $10000

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In your initial post, first you will introduce yourself to your peers. Along with your introduction, share your career goals, such as the type of company you hope to work in or the job role you seek. Next choose an area of business law, such as employment law, contract law, finance law, or environmental law. Name the area of business law you selected, describe what value you think these types of law have from the perspective of running a business, and explain any disadvantages you think these types of law have for businesses.

Answers

In a professional presentation to your peers, you must use clear and objective language, which conveys your information in an assertive manner.

As an example, let's assume you have chosen the field of environmental law to work. Your presentation could be constructed as follows:

Personal presentation.Professional Profile.The type of position you want to work.Disadvantages of environmental law for companies.

Let's assume that your core career objective is to assist in holding companies accountable for environmental responsibility through environmental law.

Therefore, you must include the reasons that lead companies to be potential causes of environmental imbalance and how environmental law can help and institute more stringent actions for environmental protection.

This is a matter of creativity and should be written by you, but I hope these tips are helpful.

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Siobhan's boss asked her to take over a project with several problems. What is the first step Siobhan should take in tackling the problems?

Answers

Answer::  evaluate the impact of the problemm & clssified them

Explanation:

plz mark brainly

the initial action Siobhan ought to take in resolving the issues Determine the impact of the issue and classify them.

What is meant by Problem solving?

Being a common component of most activities, problem solving is the process of reaching a goal by overcoming barriers. From personal difficulties (such how to turn on an appliance) to complicated problems in the commercial and technical industries are all problems that require solutions.

The former is a simple problem solving (SPS) example that only addresses one issue, whereas the latter is a complicated problem solving (CPS) example that must solve many interconnected hurdles. Undefined problems, in which the existing state is problematic but it is unclear what kind of resolution to aim for, are divided from well-defined difficulties,

which have obvious obstacles and goals. Similar distinctions can be made between formal, fact-based challenges requiring psychometric intelligence and socio-emotional Problem solving that depend on people's or groups' fluctuating emotions.

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Which of the following is NOT a factor of production?
A) mineral resources
B) money
C) a computer programmer
D) a commercial aircraft

is it c?​

Answers

Answer:

yes it is C.

Explanation:

you're welcome

It D a computer programmer

Suppose that a flower nursery benefits from having a butterfly farm located only a few miles away, because the presence of the insects greatly improves flower pollination. Lawyers for the two companies meet to draft a legal document specifying the number of butterflies the farm promises to maintain in exchange for payments to be made by the nursery. Which of the following types of private solutions to the externality of pollination has occurred in this case?
A) Integration of different types of businesses through merger or acquisition
B) Charities
C) Moral codes and social sanctions
D) Contracts

Answers

Answer: Contracts

Explanation: Because the 2 parties are coming to a contractual agreement.

For creating perception, companies make use of strategic tools like ___ _
a) Service contracts
b) O Sales calls
c) User training
d) Websites

Answers

The meaning of strategy and how the approach to strategy has changed over time.

The relationships and differences among corporate, business, and marketing strategy.

The concept and process of corporate strategic planning.

The role of the product in a marketing strategy and the many aspects of the product that can be used to tailor the strategy.

The role of customer choice in marketing strategy and the logic of choosing customers.

The role of market area choice in marketing strategy and ways to choose market areas.

Core competencies as part of marketing strategy.

The interrelationship among product, customer, market area, and core competency decisions.

The logical connections among strategies, structures, and functions as outlined in the Integrated Model of Marketing Planning (IMMP).

It A Is your company making a positive impression, or are customers fed ... four ways you can use marketing to control your customer perception:.

construct a quadriteral PQRS, given that QR=4.5cm PS=5.5cm,RScm5cm and diagonalPR=5.5cmand diagonal SQ=7cm​

Answers

Answer:

The quadrilateral is drawn above

The Blossom Company is a multidivisional company. Its managers have full responsibility for profits and complete autonomy to accept or reject transfers from other divisions. Division A produces a sub-assembly part for which there is a competitive market. Division B currently uses this sub-assembly for a final product that is sold outside at $1,488. Division A charges Division B the market price of $868 per unit of the part. Unit variable costs are $644 and $744 for Divisions A and B, respectively. The manager of division B feels that division A should transfer the part at a lower price than market because, at market, division B is unable to make a profit.

Required:
Calculate division B's contribution margin if transfers are made at the market price, and calculate the company's total contribution margin.

Answers

Calculate B and A but C may be there too appearing and d will be d and not D because of calculus amount the answer is r

Click this link to view O*NET’s Wages and Employment section for Secondary School Special Education Teachers. According to O*NET, what is the projected growth for this career from 2019 to 2029? faster than average slower than average average little or no change

Answers

Answer: C average

Explanation:

Mark my brainlest

metode wat gebruik word om inligting te versamel

Answers

Answer:

what

Explanation:

I can't understand sorry

Consider the following probability distribution for stocks A and B: State Probability Return on Stock A Return on Stock B 1 0.10 10 % 8 % 2 0.20 13 % 7 % 3 0.20 12 % 6 % 4 0.30 14 % 9 % 5 0.20 15 % 8 % The expected rates of return of stocks A and B are _____ and _____, respectively. Multiple Choice 7.7%; 13.2% 14%; 10% 13.2%; 9% 13.2%; 7.7%

Answers

The expected rates of return of stocks A and B are 13.2% and 7.7% respectively.

The expected rate of return refers to the profit or loss that an investor can anticipate on an investment.

The expected rate of return of stocks A will be:

= 0.1(10%) + 0.2(13%) + 0.2(12%) + 0.3(14%) + 0.2(15%)

= 13.2%

The expected rate of return for stocks B will be:

= 0.1(8%) + 0.2(7%) + 0.2(6%) + 0.3(9%) + 0.2(8%)

= 7.7%

In conclusion, the expected rates of return of stocks A and B are 13.2% and 7.7% respectively.

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You have been seconded to North (Pty) Ltd to assist with the preparation of the group financial statements. Their accountant has recently resigned and they are under pressure to have these finalised for the annual audit. North (Pty) Ltd acquired a 100% interest in South (Pty) Ltd on 1 January 2017 for R125 000. On 1 January 2017, the retained earnings of South (Pty) Ltd was R15 000.
The following Trial Balances, for the year-ended 31 December 2020, were prepared by the accountant prior to his departure.
All the plant of South (Pty) Ltd was purchased during the 2017 financial year.
The carrying amount of goodwill is considered to be equal to its recoverable amount.
Bank
Trial Balance at 31 December 2020
Retained earnings (year-end)
Share capital
(71,000) (45,000)
(200,000) (75,000)
Investment in South (Pty) Ltd
125,000 -
Property, plant and equipment
105,000 85,000
Inventory
38,000 25,000
Accounts receivable
27,000 20,000
25,000 15,000
Accounts payable
Sales
(39,000) (20,000)
(64,000) (55,000)
Dividend Income
(5,000) -
Cost of Sales
34,000 35,000
Operating Expenses
12,000 8,000
Taxation
3,000 2,000
Dividends
10,000 5,000
North (Pty) Ltd South (Pty) Ltd
00
Note: Comparatives are not required.
2

QUESTION 1 – REQUIRED
1.1
1.2
1.3
Prepare the consolidated Statement of Comprehensive Income for the year-ended 31 December 2020.
Presentation
Prepare the Statement of Changes in Equity for the year-ended 31 December 2020.
Presentation
Prepare the assets section only of the consolidated statement of financial position of North (Pty) Ltd and it subsidiary for the year- ended 31 December 2020.
Presentation
Sub- total
9 1
7 1
6
1
Marks Total

Answers

Answer:

41 9 1 7 1 6 _ 1 58+02-88=898

How do firms maximize profits? Fill in the blanks to complete the passage regarding sunk costs for a manufacturer of ethanol.
Ethanol, a biofuel derived from corn, is used in the production of both gasoline and pharmaceutical-grade hand sanitizer. During the pandemic, as the demand for gasoline plummeted, several producers of ethanol retrofitted their plants by purchasing new capital in order to produce a higher-quality ethanol, which could be used to make a medical-grade hand sanitizer. Future decisions about whether to produce ethanol for gasoline or for hand sanitizer – be informed by the – costs they incurred to retrofit their plant.

Answers

Future decision about whether to produce ethanol for gasoline or for hard sanitizer would not be informed by the sunk costs they incurred to retrofit their plant.

This question requires that we fill in the blank at the end of the question. The sunk cost can be referred to as a cost that has already been incurred. This money cannot be recovered again.

Profit maximization is a situation where by firms would try to lower their input costs and go for the highest output that would give them the optimal level of profit.

The decisions on production would not be determined by sunk cost, instead it would be determined by the benefits that the firm would accrue.

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1. The text (page. 220-221) tells the story of Mr. Jones who sues Mr. Smith for taking his briefcase even though he loses a significant amount of money. It also tells the story of why Mr. Jones will make Mr. Smith an offer above the rational choice prediction if they are considering a joint venture where both must participate or the venture fails. Explain what is causing these deviations from rational choice theory and why some knowledge of the person you are dealing with is important. (20 points)

Answers

These deviations are likely to be caused by emotions and it is important to have information about the person you are dealing with to favor your interests and make the best decision.

The Rational Choice Theory states:

A person will always make decisions to favor himself or herselfDecisions are based on rational calculations

Despite this, individuals might make irrational decisions if:

Emotions External factors

In the case of Mr. Jones, he makes an irrational decision because by suing Mr. Smith he loses more money. This is likely motivated by emotions such as a desire for justice or a desire to revenge.

Moreover, in this situation, it is shown Mr. Jones does not have enough information about the person he is dealing with (Mr. Smith) and this lack of knowledge does not allow him to make the best decision possible.

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Who were the individuals who met on Jekyll island to create the format for the federal reserve act of 1913

Answers

Answer:

Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg – met at the Jekyll Island Club, off the coast of Georgia, to write a plan to reform the nation's banking system.

Explanation:

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The people who met on Jekyll island to create the format for the Federal Reserve Act of 1913 were Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg.

What is the Federal Reserve Act?

On December 23, 1913, President Woodrow Wilson signed the Federal Reserve Act into law after the 63rd United States Congress enacted it. The bill established the Federal Reserve Institution, the United States' central banking system.

The Federal Reserve Act was created by Congress in order to maintain financial stability in the United States by establishing a central bank to manage monetary policy.

The format for the act of created by Piatt Andrew, Henry Davison, Arthur Shelton, Frank Vanderlip and Paul Warburg in order to make the reforms in the banking system.

Therefore, it can be concluded that the Federal Reserve Act was meant to improve the banking system.

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The Los Angeles area has long been plagued by urban smog. Suppose that one of several ozone-reducing policy options is being evaluated by economists using benefit-cost analysis. 1.) Since the policy will be implemented over time, economists assume that per resident benefits will accrue in increments of $500 at the end of each of the next three years. Find the present value of benefits (PVB) for each resident, assuming an annual discount rate of 9%. (2 pts.)

Answers

The present value of benefits (PVB) for each resident if there's an annual discount rate of 9% is $1477.

Increment in year 1 will be:

= $500 × (1 + 9%)

= $500 × 1.09

= $545

Increment in year 2 will be:

= $500 × (1 + 9%)²

= $594.05

Increment in year 3 will be:

= $500 × (1 + 9%)³

= $647.52

Therefore, the PVB nominal will be:

= 520/1.09 + 594.05/1.1881 + 647.52/1.295

= $477 + $500 + $500

= $1477

In conclusion, the present value if benefits is $1477.

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If Mexico exports to Canada decline by $14 billion, by how much will Mexico's aggregate spending drop if their MPC is 0.8?

Answers

Answer:

[tex]14 \times 0.8 = (11.2[/tex]

Your job right now is to finish reading chapter 14. How strongly would you be motivated to do that if you were sweating in a room at 105 degrees Fahrenheit? Imagine your roommate has turned on the air-conditioning. Once you are more comfortable, are you more likely to read? Look at Maslow's hierarchy of needs to see what needs would be motivating you at both times. Now recall a situation in your home, school, or work life in which you were feeling particularly motivated to do something. Which of the needs identified by Maslow motivated you then? (Required at least 300 words).Original Post due by Friday 10/29/2021 (50% of the grade)

Answers

Answer:

we're is the picture of the questions

Recently, the Merrimac Insurance Company, which is lo- cated in Hartford, Connecticut, completed several cost analysis studies and found an alarming increase in the cost of processing insurance claims. Merrimac's rates are about 15 percent higher than the national average. A recent study completed by several systems analysis experts indicated that much of the cost can be attributed to inefficient work flow. Part-time employ- ees are frequently hired to help process the backlog. The following outlines the steps involved in pro- cessing the claims: 1. The claim is received in the mailroom

Answers

Answer:

Explanatidsadsaon:

dsadsadsadsa

Discuss target market strategies. The target market strategy identifies which market segment or segments to focus on. This process begins with a market opportunity analysis (MOA), which describes and estimates the size and sales potential of market segments that are of interest to the firm. In addition, an assessment of key competitors in these market segments is performed. After the market segments are described, one or more may be targeted by the firm. The three strategies for selecting target markets are appealing to the entire market with one marketing mix, concentrating on one segment, or appealing to multiple market segments using multiple marketing mixes.
You are given the task of deciding the marketing strategy for a transportation company. How do the marketing mix elements change when the target market is (a) low-income workers without personal transportation, (b) corporate international business travelers, or (c) companies with urgent documents or perishable materials to be delivered to customers?

Answers

Answer:

you would determine the best way to ship perishables back and forth with the most financial advantages. you would need to know what purification would sell best to this group of income levels. what the needs for varies products most cost effective and needed that would also call for further purification need. you would want to tap into a reliable overnight delivery carrier that gives the lowest corporate incentives to use

You would figure out the most cost-effective approach to send perishables back and forth. You would need to be aware of the purification that would appeal to this range of income levels the most. What the needs are for various products, the most cost-effective ones, and whether further purification is required. You should select a trustworthy overnight delivery service that offers the fewest corporate incentives to do so.

What is market strategies?

A marketing strategy is a long-term plan for attaining a business' objectives through an understanding of client needs and the development of a distinct and long-lasting competitive advantage. It includes everything, from choosing which channels to utilize to contact your customers to figuring out who they are.

Product, pricing, place, and promotion make up the four Ps. They serve as an illustration of a "marketing mix," or the collection of tools and techniques utilized by marketers to accomplish their marketing goals.

Thus, You would figure out the most cost-effective approach to send perishables back and forth.

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The following graph shows the supply curve for a group of students looking to sell used smartphones. Each student has only one used smartphone to sell. Each rectangular segment under the supply curve represents the “cost,” or minimum acceptable price, for one student. Assume that anyone who has a cost just equal to the market price is willing to sell his or her used smartphone.

1. Region A (the purple shaded area) represents the total producer surplus when the market price is (Blank) , while Region B (the grey shaded area) represents the change in total producer surplus when the market price changes from $100 to $140 .

In the following table, indicate which statements are true or false based on the information provided on the previous graph.
2. Assuming each student receives a positive surplus, Sam will always receive less producer surplus than Teresa. (True or False)

3. .Producer surplus is smaller when the price is $140 than when it is $100. (True or False)

3. In order for Beth to earn a producer surplus of exactly $60 from selling a used smartphone, the market price needs to be (Blank)

Answers

1. The market price that represents the total producer surplus is $140.

Statement                                                                                       True/False

2. Sam will always receive less producer surplus than Teresa.    False

3. When the price is $140 producer surplus is smaller than at $100.  False

4. For Beth to earn a producer surplus of exactly $60, the market price needs to be $240 ($180 + $60).

Data and Calculations:

                             Cost       Market Price             Producer Surplus

                             A            B              C             D = (B -A)     E = (C - A)

Lorenzo                $20       $100      $140             $80          $120

Naha                     $60       $100      $140            $40            $80

Sam                      $80       $100      $140            $20            $60

Teresa                $100       $100      $140              $0            $40

Andrew              $160       $100      $140           -$60           -$20

Beth                   $180       $100      $140           -$80           -$40

The producer surplus represents the excess of the market price over the price a seller is willing to sell an item.  For example, Teresa is willing to sell the smartphone at $100.  If the market price is $120, she gets a producer surplus of $20 ($120 - $100).

Thus, the market price for a used smartphone must exceed the seller's willingness price to produce a producer surplus.

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Knowledge Check 01 Zeta Corporation is a manufacturer of sports caps, which require soft fabric. The standards for each cap allow 2.00 yards of soft fabric, at a cost of $2.00 per yard. During the month of January, the company purchased and used 25,000 yards of soft fabric at $2.10 per yard, to produce 12,000 caps. What is Zeta Corporation's materials price variance for the month of January

Answers

Zeta Corporation's materials price variance for the month of January is $2,500 Unfavorable.

The difference between the standard cost and actual cost for the purchased actual quantity of material is the direct material price variance.

The formulae for the direct Materials price variance is (Standard price – Actual price) * Actual quantity purchased

Given Information

The standard fabric for each cap is 2.00 yard

The standard price per yard is $2.00 per yard

Actual price per yard is $2.10

Actual Quantity is 25,000 yards

Materials price variance = (Standard price - Actual Price) * Actual Quantity

Materials price variance = ($2.00 - $2.10)*25,000

Materials price variance = $0.10*25,000 yard Unfavorable

Materials price variance = $2,500 Unfavorable

Therefore, Zeta Corporation's materials price variance for the month of January is $2,500 Unfavorable.

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The difference between corporate governance and social organization management

Answers

Answer: The terms corporate governance and corporate social responsibility sound similar, but there is a very important difference between them. Both processes are important for corporations, industries and society at large.

Explanation:

As an Austrian–Thai company, Red Bull has done a remarkable job of positioning itself internationally by coming across as a local company in every country where Red Bull is sold. Would you be more or less likely to buy Red Bull knowing the brand is Austrian but with a strong Thai influence? Does it generally matter to consumers where a product originates from?

Answers

The origination of a product doesn't really matter when the company's brand plays an important role in the improvement of sales.

A brand refers to the business concept or the marketing concept that's used by people to identify a product. A brand is important as it makes one unique from other companies.

The fact that the brand of Red Bull is Austrian but has a strong Thai influence can't have a negative effect on the sales or the revenue of the company since the brand is well-known and has an international customer base.

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First month plus a security deposit is an example of this operating expense.
Equipment
Rent
O Fixtures
Advertising

Answers

it would be rent lol

Answer:

Your answer would be "Rent"

Explanation:

Hope I was able to help ! Have a great day :)

Explain collaborative ,planning,forecasting and replenishment each scenario briefly and indicate how they benefit supply chain partners,

Answers

Explanation:

collarborating is working together to achieve a common goal

case study on sustaining customers​

Answers

Answer:

http://fernfortuniversity.com/hbr/case-solutions/14933-sustaining-customer-centricity-at-.php

Explanation:

theres one there :/

Red Sun Rising just paid a dividend of $2.58 per share. The company said that it will increase the dividend by 20 percent and 15 over the next two years, respectively. After that, the company is expected to increase its annual dividend at 3.6 percent. If the required return is 12 percent, what is the stock price today

Answers

Assuming  the required return is 12 percent, the stock price today is $40.61.

Given:

Dividend=$2.58 per share

Increase in Dividend=20% and 15%

Number of year=2 years

Increase in Annual Dividend=3.6%

Required return=12%

P2=Stock price today

Now let calculate the stock price today

P2 = [$2.58(1+0.20)]/(1+.12) + [$2.58(1+.20)(1+.15)]/(1+.12)^2 + {[$2.58(1+.20)(1+.15)(1+.036)]/(0.12 − 0.036)}/(1+.12)^2

P2 = [$2.58(1.20)]/1.12 + [$2.58(1.20)(1.15)]/1.12^2 + {[$2.58(1.20)(1.15)(1.036)]/(0.12 − 0.036)}/1.12^2

P2=($3.096/1.12)+ ($3.5604/1.2544)+ [($3.68857/0.084)/1.2544]

P2=$2.7643+$2.838329+($43.91155/1.2544)

P2=$2.7643+$2.838329+$35.0060

P2=$40.61

Inconclusion assuming the required return is 12 percent, the stock price today is $40.61.

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Nick and Matt are the partners in a local health food store. They

needed $73,000 to start the business. They invested in the ratio 3:7

a. How much money did each invest?

b. What percent of the business was owned by Matt? Round to the

nearest tenth of a percent

Answers

a. The amount that each invested is: Nick $21,900; Matt $51,100.

b. Percent of the business owned by Matt is 70%.

a. Amount invested by each

First step is to calculate the total parts

Total parts=3x + 7x

Total parts=10x

Second step is to calculate the cost per part(x)

Cost per part(x)=73,000/10

Cost per part(x)=7,300

Third step is to calculate the money invested by Nick and Matt

Money invested by Nick=3x

Money invested by Nick=3×7,300

Money invested by Nick=$21,900

Money invested by Matt=7x

Money invested by Matt=7×7,300

Money invested by Matt=$51,100

 

b. Percent owned by Matt

Using this formula

Percent owned by Matt =Part owned by matt/Total part

Let plug in the formula

Percent owned by Matt =7x/(3x+7x)

Percent owned by Matt=7x/10x

Percent owned by Matt=0.7×100

Percent owned by Matt =70%

Inconclusion the amount that each invested is Nick $21,900; Matt $51,100 and the  percent of the business owned by Matt is 70%.

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