Answer:
Book Value per share is $2.96 and Earnings per share is $1.78
Explanation:
The market-to-book ratio is:
<u>Market Value </u> = 3.31 times
Book Value
The market value of the stock is $9.80 per share. Therefore, to calculate the Book Value, we make the Book Value subject and divide the ratio by Market Value per share:
Book Value per Share = <u>Market Value per share</u>
Market-to-Book ratio
= <u>9.80</u>
3.31
= $2.96
The PE ratio is:
<u> Price </u> = 5.51 times
Earnings
The price of the stock is $9.80 per share. Therefore, to calculate the Earnings per share, we make the Earnings subject and divide the PE ratio by Price of stock:
Earnings per share = <u> Price </u>
PE Ratio
= <u>9.80</u>
5.51
= $1.78
Answer:
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Answer:
$52,500
Explanation:
Warranty cost are the cost associated with the repair or replacement of a product in case it does not perform as intended after purchase.
It is debited to the warranty expenses account and credited to the warranty liability account.
Total sales for the year - $3,000,000
Warranty estimate basis - 4%
Estimated warranty - 3,000,000 * 4% = $120,000
Warranty cost incurred = $67,500
Balance to be recorded for the year = 120,000 -67,500
$52,500
Answer:
Two examples of important things that financial planning skills can help us do are:
- Acquire a strong savings habit
- Set realistic goals
Explanation:
Acquire a strong savings habit: This is achievable when a person has a clear understanding of how much are their expenses and how much is needed to be save in order to acquire capital goods or to construct a fund for unexpected costs.
Set realistic goals: When a person knows how much its income is and has a realistic financial planning he knows what goals are achievable and which are not.