Answer:
2.25 times
Explanation:
The computation of the market-to-book ratio is shown below:
Market to book ratio = (Market price per share) ÷ (book value per share)
where,
Market price per share = $38 per share
And, the book value per share
= Total equity ÷ outstanding shares
= $25,380 ÷ 1,500 shares
= $16.92
So, the market to book ratio would be
= $38÷ $16.92
= 2.25 times
Answer:
$186,900
Explanation:
The gross profit is the difference between the sales revenue and the cost of good sold. The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.
As such, the net operating income/loss is the difference between the sales and the total costs
.
To get the net income, we would first get the gross income.
Gross income
= $730,000 - (40% * $730,000)
= $438,000
Next we must compute the net income before tax. This is the difference between the gross income and the operating expenses
= $438,000 - $90,000 - $81,000
= $267,000
Income tax expense = 30% * $267,000
= $80,100
budgeted net income for 2018
= $267,000 - $80,100
= $186,900
Answer:
D. National security argument.
Explanation:
Looking at the options, the correct one is National security argument. This is because the congress woman is arguing that ball bearing industry is important in making weapons which is in turn very important to national security. She argues that imposing trade restrictions on free trade, it will make the United States begin to produce their own weapons which will be helpful in time of war when they need a lot of weapons.. Thus, her justification in her argument is primarily for National Security!
Answer:
Book value= $96,000
Explanation:
Giving the following information:
Pearson Company bought a machine on January 1, 2014. The machine cost $144,000 and had an expected salvage value of $24,000. The life of the machine was estimated to be 5 years.
Annual depreciation= (original cost - salvage value)/estimated life (years)
Straight-line depreciation= (144,000 - 24,000)/5= 24,000
Accumulated depreciation= 24,000*2= 48,000
Book value= 144,000 - 48,000= 96,000
Answer:
he future value of that amount over 10 years is $12,006.11.
Explanation:
The Future Value, FV of the Fund is calculated as follows :
Pv = $0
Pmt = -$1,000
P/yr = 1
N = 10
r = 4%
Fv = ?
Using a Financial Calculator, the Future Value, FV is $12,006.11.
