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Arada [10]
2 years ago
14

ComChip is a computer chip manufacturer. Its stock is selling at​ $50 per share and earnings are​ $2 per share. What is theâ

€‹ stock's P/E​ ratio?
Business
1 answer:
VikaD [51]2 years ago
4 0
The price to earnings ratio is 25
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A company purchased a tract of land for its natural resources at a cost of $1,000,000.
frozen [14]

Answer:

d. $ 0.16 per board feet

Explanation:

From the data in the question, the tract of land is to be depreciated based on the usage method of depreciation,

The computations are as follows:

Cost of tract of land                                                       $ 1,000,000

Less: Estimated salvage value                                      $ ( 200,000)

Depreciable basis for land                                            $  800,000      

Estimated usage from tract of land                               5,000,000 board feet  

Depreciation per board feet

Depreciation basis/ estimated usage  $ 800,000/ 5,000,000  = $ 0.16 per board feet                                                                                

4 0
3 years ago
True or False & Why? “Every time price goes up, demand goes up and every time price falls, demand falls too, and so on ad in
deff fn [24]

Answer: ▶False◀

Explanation:▶ realistically when prices fall, demand goes up. This is because everyone would buy something that cost less, than something that is expensive. Now when prices go up, demand usually goes down. This is because the consumer wouldn't want to buy something from ( ex:) retailer 1, who's products are too expensive. Than retailer 2, who's prices are very reasonable. People wouldn't want to demand something that has a price going up and up.

//Give thanks(and or Brainliest) if helpful (≧▽≦)//

8 0
3 years ago
Marv Company's direct labor costs for manufacturing its only product were as follows for October: Standard direct labor hours pe
Sonbull [250]

Answer:

$30,000 unfavorable.

Explanation:

Calculation for what The direct labor efficiency variance for October was

Using this formula

Direct labor efficiency variance = (Standard hours for actual production - Actual hours) × Standard rate per hour

Let plug in the formula

Direct labor efficiency variance=(5,000 × 2 - $207,000 ÷ $18.00) × $20

Direct labor efficiency variance= (10000 - $11,500) × $20

Direct labor efficiency variance= $1,500 × $20

Direct labor efficiency variance= $30,000 unfavorable

Therefore The direct labor efficiency variance for October was $30,000 unfavorable

3 0
3 years ago
A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons
artcher [175]

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300  would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

5 0
3 years ago
On January 10, Molly Amise uses her Lawton Co. credit card to purchase merchandise from Lawton Co. for $1,700. On February 10, M
AVprozaik [17]

Answer:

the journal entry are given below

Explanation:

given data

On January 10

purchase merchandise = $1,700

On February 10

amount due = $1,700

On February 12

Molly pays = $1,100

On March 10

amount due & interest = 1% per month

solution

Interest revenue to be recorded on March 10 that is calculated as

Unpaid balance as of February 12 = $1700 - $1100 = $600

and interest rate = 1% per month

so

Interest revenue = $600 × 1% = $6

so the journal entry are

date                          account title                                   debit            credit

January 10                account receivable                      $1700                                                           sales revenue                                                   $1700

February 12              cash                                               $1,100

                                 sales revenue                                                       $1100

March 10                   account receivable                      $6

                                 interest revenue                                                    $6

5 0
3 years ago
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