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:
Personal Assets
Explanation:
You and a friend want to open new pet-grooming and pet-services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company. <u>Personal Assets</u> will probably be the most important source of funds for your new business.
<u>When starting a business as a sole proprietorship or partnership, the most likely source of start up fund is the converting your personal assets. </u>
<u>Personal assets are items of value that belong to an individual. They might be tangible personal assets like houses and cars, and also include such financial assets as savings accounts, checking accounts, and retirement accounts.
</u>
<u>So in the scenario, the business is likely to start by a combination of savings of the two friends</u>
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Answer:
By showing them that this new way is more effective. Actions speak louder than words.
Answer:
Even if they aren’t interested in buying, selling, or borrowing from the Fed, changes in this tool may inconvenience bank managers.
Explanation:
Monetary policies are tools government uses to regulate the financial sectors as such any changes made will either favor the bank stakeholders/managers or distort the bank managers plans there by causing inconvenient
Answer:
FV= $1,930.65
Explanation:
Giving the following information:
Cash flow= $80 a year
Number of periods= 12 years
Interest rate= 12% compounded annually
<u>To calculate the future value, we need to use the following formula:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {80[(1.12^12) - 1]} / 0.12
FV= $1,930.65