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frozen [14]
3 years ago
10

Katrina's fury has $697,400 in sales. the profit margin is 3.4 percent and the firm has 12,500 shares of stock outstanding. the

market price per share is $33. what is the price-earnings ratio? 15.8 16.2 16.6 17.1 17.4
Business
1 answer:
Alexus [3.1K]3 years ago
3 0
<span>what is the price-earnings ratio</span> is 17.1

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The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is:
Y_Kistochka [10]
<span>The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is an increase.

</span>A write-down of inventory to net realizable value is typically recognized as an increase in cost of goods sold in the period of the write-down, according the <span>inventory equation:
</span><span>ending inv</span>entory = beginning inventory + purchases - cost of goods sold
7 0
3 years ago
A company purchased equipment valued at $120,000. It traded in old equipment for a $95,000 trade-in allowance and the company pa
Zepler [3.9K]

Answer:

$120,000

Explanation:

Data provided in the question

Purchase value of an equipment = $120,000

Trade in allowance = $95,000

Paid cash = $25,000

Cost of an old equipment = $110,000

Accumulated depreciation = $33,000

So by considering the above situation, the recorded value of the equipment is $120,000 as the cash is paid for $25,000 and the trade in allowance is $95,000

So it would be equal to the purchase value i.e $120,000

8 0
3 years ago
The current sections of Whispering Winds Corp.’s balance sheets at December 31, 2019 and 2020, are presented here. Whispering Wi
storchak [24]

Answer:

The amount of cash provided by  operating activities is $155,000

Explanation:

The net cash provided by operating activities is shown below by the cash flow statement extract:

Net income                                                                 $152,000

depreciation  expense                                             $24,900

increase in accounts receivable($109700-$77900)($31,800)

Decrease in inventory($171,900-$157,000)              $14,900

increase in prepaid expenses($26,700-$25,100)   ($1,600)

increase in accrued expenses($14,600-$8400)      $6,200

decrease in accounts payable($95,100-$85,500) ($9,600)

net cash provided by operating activities                $155,000

Note:

An increase in liability means depriving the other party some cash,hence it is positive and vice versa.

4 0
3 years ago
In​ 2008, the required reserve ratio for a​ bank's first​ $9.3 million in checking account deposits was zero. It was 3 percent o
Greeley [361]

Answer:

In most cases the deposits have a reserve ratio of 10% but in some cases the ratio is 0% and 3%, both these numbers are lower than 10. This means that in most cases the ratio is 10% and in some cases the ratio is less than 10 % so the real word deposit multiplier will be less than 10.

Explanation:

8 0
3 years ago
Assume you purchased the right to sell 2,300 shares of JCPenney stock in November 2015 at a strike price of $9.00 per share. Sup
Gre4nikov [31]

Answer:

Put options give the holder the right to sell the underlying stock to the seller of the put option.

Put options are advantageous when the price in the market falls below the strike price of the option because the buyer will be able to sell at above market value and make a profit.

The asking price for a strike price of $9.00 is listed to be $0.33 and this is the premium paid by the buyer of the Put Option.

<h2>1. Return if stock sells for $8.00</h2>

= Amount received/ Amount spent

= (No. of shares * ((Strike price - Market price) - Premium paid) ) / (No. of share * premium)

= (2,300 shares * (($9.00 - 8.00) - 0.33))/ ( 2,300 * 0.33)

= 2.03

= 203 %

<h2>2. Return if stock sells for $10.00. </h2>

As this is an option, the investor can decide not to sell to the seller. The market price is higher than the strike price so they will not sell to the seller of the option and the return will be;

= (No. of shares * - Premium paid) ) / (No. of share * premium)

= (2,300 shares * - 0.33)/ ( 2,300 * 0.33)

= -1

= -100 %

4 0
3 years ago
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