1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GaryK [48]
3 years ago
14

A company's common stock is selling in the market at a "multiple of 15". If the market price of the common stock is currently $1

0, what is the earnings per share
Business
1 answer:
Angelina_Jolie [31]3 years ago
4 0

Answer:

earnings per share = $0.67

Explanation:

the earnings per share = stock price / multiple value = $10 / 15 = $0.67

When you read that a stock is selling at a multiple of X, it means that the stock price is currently X times the current earnings per share. In this case, since the stock price is $10, to calculate the EPS you must divide 10 by the multiple value.

You might be interested in
1. How to interview for success <br> 2. Understanding the interview proccess
Bess [88]
1. how to interview for success.

a. Dress to gain trust and command respect.
b.<span>Show up in the office five minutes before your appointment time.
</span>c.<span>Arrive prepared.
</span>d.Select real-life examples that display key hiring traits.<span> 
</span>e.<span>Have a conversation.
</span>
2. Understanding the interview process

Go to https://www.sixsigmaonline.org
 
3 0
2 years ago
Waddell Company had the following balances in its accounting records as of December 31, 2015:
Lilit [14]

a. The amount of land on the balance sheet will be $36,000 which is historical cost of the land. Land is not subject to depreciation so it is recorded at historical cost and not carrying value.

b. The amount of rent expense reported on Income statement will be $5,500 [ $ 6,000 * 11 /12 months ]

c. The total amount of liabilities reported on the balance sheet will be $43,800. This includes the contingent liabilities and warranties.

Learn more at brainly.com/question/24540829

8 0
2 years ago
Nichols Enterprises has an investment in 250 bonds of Elliott Electronics that Nichols accounts for as a security available for
sweet [91]

Answer:

The value per bond must be $1000

Explanation:

The reason is that the short term investments must be valued at current fair market value which is $1000 per bond today so the perceived value of the unit bond which is $1200 per bond is irrelevant here.

The amount recorded = Number of bonds * Current market value

The amount recorded = 250 * $1000 = $250,000

3 0
2 years ago
Suppose a market is initially perfectly competitive with many firms selling an identical product. Over time, however, suppose th
Elodia [21]

The merging of firms results in the market being served by only three or four firms selling this same product would lead to a decrease in market output and an increase in the price of the product. This is oligopoly

Initially if it is perfectly competitive it is almost impossible for other firms to enter. Now as it is said that if they do enter and they ultimately sell the same product they don't have any control on the price of the product. This is sometimes known as oligopoly, and they try to replace the product with close substitutes.

Oligopoly- An oligopoly is a market structure in which a small number of large sellers or producers dominate a market or industry. Oligopolies are frequently the result of a desire to maximize profits, which can lead to collusion among companies.

For more information on oligopoly visit:
brainly.com/question/13635083
#SPJ4

3 0
1 year ago
You are reviewing the Client Overview tab for a new client to determine the scope of a bookkeeping clean-up engagement. You noti
Scrat [10]

Answer:

See explanation section

Explanation:

Three reasons could be causing the opening equity balance high, and those are -

1. Issuing more common stock is one of the significant reasons for the company that causes a large amount in the opening balance of the equity account.

2. Issuing excess preference stock to involve the investors can be the other reason to get a higher amount of beginning equity balance.

3. Making much profit for the prior years, and keeping them with the retained earnings without expanding the business can be the third reason.

7 0
3 years ago
Other questions:
  • Which of the following questions must be asked about the use of resources
    11·1 answer
  • Explain the importance of elasticity​
    10·2 answers
  • Larry can vote in person at the company’s annual meeting, through the mail, or by transferring the right to vote to another pers
    7·2 answers
  • Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly. In the Molding Department, plastic is i
    12·1 answer
  • Last year, wesson company sold 10,000 units of its only product. if sales increase by 12% in the current year, how will unit var
    5·2 answers
  • John and Jill Jones sold stock that resulted in a short-term capital loss of $5,000. They had no other capital transactions duri
    11·1 answer
  • The Executive Director of Operations has assigned Joe Tanney the role of Team Leader for a high priority project. The task is to
    6·1 answer
  • Which of these is a successful time to management strategy
    11·1 answer
  • Assume that you manage a risky portfolio with an expected rate of return of 16% and a standard deviation of 45%. The T-bill rate
    6·1 answer
  • The following information is available for the pension plan of Swifty Company for the year 2020.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!