The Carver Foundation funds three non-profit organizations engaged in alternate-energy research activities. From past data, the proportion of funds spent by each organization in research on solar energy, energy from harnessing the wind, and energy from the motion of ocean tides is given in the accompanying table. Proportion of Money Spent Solar Wind Tides 0.3 0.1 0.3 0.2 0.6 Organization I Organization II 0.4 Organization III 0.2 Organization I $ Organization II $ Organization III $ 0.3 0.6 Find the amount awarded to each organization if the total amount spent by all three organizations on solar, wind, and tidal research is as follows. (a) $10.4 million, $9.9 million, and $5.7 million, respectively million million million (b) $10.8 million, $9.3 million, and $4.9 million, respectively Organization I $ million Organization II $ million Organization III $ million
The Carver Foundation funds three non-profit organizations engaged in alternate-energy research activities. From past data, the proportion of funds spent by each organization in research on solar energy, energy from harnessing the wind, and energy from the motion of ocean tides is given in the accompanying table. Proportion of Money Spent Solar Wind Tides 0.3 0.1 0.3 0.2 0.6 Organization I Organization II 0.4 Organization III 0.2 Organization I $ Organization II $ Organization III $ 0.3 0.6 Find the amount awarded to each organization if the total amount spent by all three organizations on solar, wind, and tidal research is as follows. (a) $10.4 million, $9.9 million, and $5.7 million, respectively million million million (b) $10.8 million, $9.3 million, and $4.9 million, respectively Organization I $ million Organization II $ million Organization III $ million
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Subject: acounting
Transcribed Image Text:The Carver Foundation funds three non-profit organizations engaged in alternate-energy research activities. From past data, the proportion of funds spent
by each organization in research on solar energy, energy from harnessing the wind, and energy from the motion of ocean tides is given in the
accompanying table.
Organization I
Organization II
Organization III
Proportion of Money Spent
Solar
Wind Tides
0.6
0.1
0.4
0.3
0.2
0.2
Organization I $
Organization II
$
Organization III
$
0.3
0.3
0.6
Find the amount awarded to each organization if the total amount spent by all three organizations on solar, wind, and tidal research is as follows.
(a) $10.4 million, $9.9 million, and $5.7 million, respectively
million
million
million
(b) $10.8 million, $9.3 million, and $4.9 million, respectively
Organization I $
million
Organization II
$
million
Organization III
$
million
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