Answer:
The P/E ratio is 12.8.
Explanation:
The price earnings ratio or P/E ratio is a ratio that estimates the amount of money that investors are willing to invest in a company for every $1 of that company's earnings. The Price-earnings ratio is calculated by dividing the price per share by the earnings per share and is also used in the valuation of a company and its stock.
The P/E ratio is = Price per share / Earnings per share
P/E ratio = 126.72 / 9.9 = 12.8 times
Answer:
A sub-agent
Explanation:
Since Mike who was hired by Bob is licensed to practice law, which would help him file a lawsuit against those who don't pay the outstanding balances owed, he is a sub-agent.
A sub-agent in legal law is someone who performs a fiduciary duty and incurs the same liabilities in regard to his immediate employers, like the sole principal.
To calculate the amount of money that Jim will have on the deposit in 7 years, we will have to calculate the future value of the deposited amount
Future Value(FV) = PV*(1+r)^n
PV = 12,000
r = 6% = 0.06
n = 7 years = 7
FV = 12000*(1+0.06)^7
FV = 12000*1.06^7
FV = 18,043.56
a. How much will jim have on deposit at the end of seven years - $18,043.56