Answer:
The expected share price=$20.07
Explanation:
Step 1: Calculate the price/earnings to growth ratio(PEG) ;
PEG ratio=(Price/EPS)/EPS growth
where;
Price=Price per share
EPS=earnings per share=share price
EPS growth=share price growth
In our case;
Price per share=$4.22
Share price=$48.83
Share price growth rate=3.1%=
Replacing;
PEG ratio=(4.22/48.83)/3.1
PEG ratio=0.0279
Step 2: Calculate share price
PEG ratio=(Price per share/share price)/share price growth
where;
PEG ratio=0.0279
Price per share=$2.63
Share price=x
share price growth rate=4.7%
Replacing;
0.0279=(2.63/x)/4.7=2.63/4.7 x
4.7 x×0.0279=2.63
x=2.63/(4.7×0.0279)
x=20.07
The expected share price=$20.07
Answer:
Current rate method
Explanation:
Translation is defined as the conversion of financial statement of a foreign subsidiary from the foreign currency to local currency.
This is done to reduce the effect of foreign exchange risk.
If a foreign subsidiary is exposed to foreign exchange risk the best translation method is the current rate method.
Current rate method uses the current exchange rate in translation.
Translation is used when the local currency is the functional currency of the company.
An employee's conduct during the normal workday, but not related to employment and performed for the employee's own benefit is "frolic".
<h3>What is
employee's conduct?</h3>
A legal document known as an employee code of conduct outlines the proper conduct for people working for a company. The employee code of conduct outlines appropriate conduct and social expectations that members of an organisation should uphold on a daily basis.
The five code of conduct are-
- Integrity.
- Objectivity.
- proficiency in the field.
- Confidentiality.
- professional conduct.
To know more about the code of conduct/ethics, here
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Manual docket systems for law offices may include all trial dates, court and hearing dates, deposition dates, meeting dates, filing deadlines, reminder dates, and follow-ups.
The manual system used by law firms since 1915 is the basic system. The system uses docket billing sheets. Three dates are considered when determining the due date: the start date, the shipping date, and the due date.
Docket System – A system used by attorneys to alert them to deadlines and statutes of limitations for filing certain actions, motions, and cases. The use of a record-keeping system is an important tool in preventing professional claims against attorneys.
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