An investment of $93000 was made by a business club. the investment was split into three parts and lasted for one year. the first part of the investment earned 8% interest, the second 6%, and the third 9%. total interest from the investments was $ 7170. the interest from the first investment was 6 times the interest from the second. find the amounts of the three parts of the investment.

Amount of three parts of investment are

72000, 16000 and 5000

Explanation:

We have given total investment = $93000

Let the investment made by three businessman are x , y and z

So -----eqn 1

It is given interest rates are 8 % , 6% and 9 %

And time = 1 year

Total interest = $7170

So ----eqn 2

It is given that interest from first investment is 6 times the interest from second investment

So

----- eqn 3

After solving eqn 1 eqn 2 and eqn 3

x = 72000

Y = 16000

And z = 5000

Instructions are listed below.

Explanation:

Giving the following information:

Cost of goods manufactured $4,490,000

Selling expenses 530,000

Administrative expenses 340,000

Sales 6,600,000

Finished goods inventory, January 1 880,000

Finished goods inventory, January 31 775,000

A) COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 880,000 + 4,490,000 - 775,000= $4,595,000

B) Gross profit= sales - cogs= 6,600,000 - 4,595,000= 2,005,000

C) Net operating profit= gross profit - selling expense - administrative expense

NOP= 2,005,000 - 530,000 - 340,000= $1,135,000