1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
dimulka [17.4K]
3 years ago
11

Valuation Using an Income Statement Multiple JAKKS Pacific Inc., a toy manufacturer, reports net income for the recent twelve mo

nths of $14.73 million. JAKKS’ has 20.05 million shares outstanding. The industry average PE (using the trailing twelve months earnings) for its competitors is 22.17. Using this industry average PE, estimate the intrinsic value of JAKKS Pacific’s equity. Do not round until your final answer. Round answer to two decimal places.
Business
1 answer:
mash [69]3 years ago
5 0

Answer:

$16.27

Explanation:

For computing the intrinsic value, first we have to compute the earning per share which is shown below:

Earning per share = (Net income) ÷ (Number of shares outstanding)

                              = ($14.73 million) ÷ (20.05 million shares)

                              = 0.734

Now the intrinsic value would be

= Earning per share × P/E ratio

= 0.734 × 22.17

= $16.27

You might be interested in
How can someone make money legitimately from their phone?​
zloy xaker [14]

Answer:

by selling items on ebay

Explanation:

6 0
3 years ago
Read 2 more answers
Which of the following statements about roles within groups is true?A. Roles are shared beliefs of how various individuals shoul
In-s [12.5K]

Answer:

(D) Task specialists keep the group moving toward its objective

Explanation:

  • The highest group performance occurs when a highly cohesive group has high-performance norms.
  • Group or Teams can be powerfully effective as a building block for organization structure
  • A team's purpose should be translated into  specific, measurable performance goals.
  • The key element of effective teamwork is the commitment to a common purpose.
  • Teams are now used by almost all companies to produce goods and services, to manage projects, and to make decisions about running the company.

Hence, the statement in option (D) is correctly fitted.

6 0
3 years ago
What tips should you remember when creating a successful cover letter? Check all that apply.
Furkat [3]

Answer:

a. Use a traditional letter style

c. Proofread several times.

Explanation:

The cover letter is the letter in which the person describe himself or herself with respect to their qualifications, interest, strength, weakness, achievements so that the interviewer could get a better idea about the person who is giving the interview

While creating a cover letter as a successful he or she needs to use a letter style which is to be traditional plus he or she proofread several times as it there is any mistake so it could be edited

7 0
3 years ago
You have $135,000 on deposit with no outstanding checks or uncleared deposits. One day you write a check for $49,000.
cricket20 [7]

Answer:

a. Does this create a disbursement float or a collection float?

A disbursement float occurs when you write a check and hand it out, but the person that receives the check hasn't cashed it yet. You do not owe the money anymore, but it still appears on your bank account.

b. What is your available balance?

your bank account balance = $135,000

c. What is your book balance?

book balance = $135,000 - $49,000 = $86,000

6 0
3 years ago
Supporters of free trade argue that it creates which economic benefit?
Zepler [3.9K]

Answer:

C. Increasing efficiency by allowing for greater specialization

Explanation:

A free economy is one where the forces of demand and supply determine production and consumption. The government or the central authority does not interfere with economic activities in a free economy.

In a free economy, the factors of production are held by the private sector. There is increased business competition as entrepreneurs have the freedom to open a business of their choice. Buyers have the liberty to buy from their preferred suppliers.  Businesses are profit-motivated, which forces entrepreneurs to be creative and innovative to win customers and make more sales. They have to specialize and increase their efficiency to be more competitive.  

7 0
3 years ago
Read 2 more answers
Other questions:
  • Which of the following is true of cellphone communication?​ ​It is free from policies and legal restrictions. ​It is cost-effect
    5·1 answer
  • Potter & Lopez Inc. just sold a bond with 50 warrants attached. The bonds have a 20-year maturity and an annual coupon of 12
    10·1 answer
  • Investments and loans base their interest calculations on one of two possible methods: the the interest and interest methods. Bo
    5·1 answer
  • Outdoor Experiences, Inc. sells a tent that collapses down into a roll that is as big as a roll of toilet paper. The tent can be
    6·1 answer
  • Taylor Shoe Company just realized that the local newspaper advertisement was not correct and they immediately contacted the loca
    8·1 answer
  • There is an old American adage (saying): If you owe the bank a small amount of money, the bank controls you. If you owe the bank
    5·1 answer
  • Olu’s African Sculptures is preparing their budgeted financial statements for the coming year, and has accumulated the following
    14·1 answer
  • I have a brainlest for anybody if the can tell me who won the wwe champoinship in 1996
    12·1 answer
  • Terrance has to make home mortgage payments.What can you Most likely conclude about Terrence based on this fact?
    12·1 answer
  • David retires at the age of 70, the last year he worked he earned $40,000 and his social security payments for the first ear tot
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!