A E Holdings profit and loss statement showed a net income of 9 3 4 of revenue or $29 250 Fifteen percent of net income was paid in corporation tax and 75 of the net income after tax was paid out as dividends to Alice and Emile, who hold shares in the ratio 5 to 3 (a) What was the revenue of A E Ho...

a Let revenue be x 9 of x 29 250 00975x 29 250 x 300 000 b Aftertax income 29 2 ...

A & E Holdings profit and loss statement showed a net income of 9 3/4% of revenue

Question:

A & E Holdings’ profit and loss statement showed a net income of 9 3/4% of revenue or $29 250. Fifteen percent of net income was paid in tax and 75% of the net income after tax was paid out as dividends to Alice and Emile, who hold shares in the ratio 5 to 3.
(a) What was the revenue of A & E Holdings?
(b) How much was the after-tax income?
(c) How much was paid out in dividends?
(d) What percent of net income did Alice receive as a dividend? Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...