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
lawyer [7]
3 years ago
11

Mustaine, inc., has a current stock price of $54. for the past year, the company had net income of $7,900,000, total equity of $

26,300,000, sales of $50,500,000, and 4.1 million shares of stock outstanding. requirement 1: what are earnings per share? (do not round intermediate calculations. round your answer to 2 decimal places (e.g., 32.16).) earnings per share $ 1.93 requirement 2: what is the price-earnings ratio?
Business
1 answer:
AnnZ [28]3 years ago
6 0

(a) Earnings per share = Net income/ total number of shares

Net Income = 7,900,000

Total number of shares = 4.1 Million = 4,100,000

Earnings per share = 7,900,000/4,100,000 = $1.9268/share

Earnings per share = $1.93/share (Rounded to 2 decimals)

(b) Price earnings ratio = Price per share/ Earnings per share

Price per share= $54

Earnings per share = $1.9268

Price earnings ratio = 54/1.9268 = 28.03

You might be interested in
ABC Co. performs $200 of services for a customer, but does not get paid right away. Demonstrate how ABC Co. would record this tr
Burka [1]

Answer:

Account receivable and revenue account

Explanation:

Since it is given that

The service was performed on the account so the journal entry to record this transaction is shown below:

Account receivable A/c Dr $200

             To Service revenue A/c $200

(Being the service is performed recorded)

Both accounts are increases that means the account receivable and the service revenue is increased for $200 each

5 0
3 years ago
Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year. a. Wha
Dafna11 [192]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Suppose you just bought an annuity with 9 annual payments of $15,400 at the current interest rate of 11 percent per year.

First, we need to determine the final value with the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Then, we can calculate the present value with the following formula:

PV= FV/(1+i)^n

A)i=11%

FV= {15400*[(1.11^9)-1]}/0.11

FV= $218,125.17

PV= 218,125.17/(1.11^9)= $85,270.53

B) i= 6%

FV= {15400*[(1.06^9)-1]}/0.06

FV= $176,966.27

PV= 176,966.27/(1.06^9)= $104,746.06

C) i= 16%

FV= $269,785.02

PV= $70,940.77

3 0
3 years ago
In addition to innovation, which strength can Accenture apply to help a global telecom solve security problems?
garik1379 [7]

In addition to innovation, governance, and tenancy knowledge Accenture applies to help a global telecom solve security problems.

Irish-based Accenture is a provider of professional services. This business specializes in offering services in information technology, operations, strategy, and consulting. Accenture has the expertise to operate on even the most complicated customer issues and can find the most innovative solutions.

Accenture uses its expertise in governance, tenancy, and innovation to assist a multinational telecom with security issues. One of the biggest independent technology service companies around the globe is Accenture. The biggest technology businesses in the world, including Microsoft, and SAP, have partnered with this business. They are therefore familiar with every possible security issue that a telecom company may encounter.

To learn more about Accenture refer to:

brainly.com/question/25756025

#SPJ1

5 0
2 years ago
The _____ is responsible for understanding the advertiser's marketing and promotional needs and interpreting them to agency pers
Ganezh [65]
Your answer is account executive 
8 0
3 years ago
Read 2 more answers
Cindy is a popular actress and has won countless acting awards in her 15 years in the industry. People always ask her what her s
PSYCHO15rus [73]

Answer:

The correct answer is letter "B": personal ethics.

Explanation:

Personal ethics refers to the moral principle people consider inherent in themselves that drive their behavior. These principles extend to every aspect of their lives and are mainly noticeable in the professional field. Respect, honesty, integrity, and fairness are some examples of personal ethics.

8 0
3 years ago
Other questions:
  • Which of the following transactions adds to U.S. GDP for 2006?
    6·1 answer
  • Indra nooyi, ceo and chairman of pepsico is considered the most powerful woman on fortune’s 50 most powerful women’s list, uses
    10·1 answer
  • Sales to customers who use bank credit cards, such as MasterCard and Visa, are generally treated as a. cash sales b. sales retur
    5·1 answer
  • Conditional formatting allows spreadsheet users to A>turn cell protection functions on and off. B>calculate the average nu
    15·2 answers
  • Charlet Company sells office chairs to its customers. On June 10, Charlet purchased 40 office chairs from one of its suppliers,
    6·1 answer
  • Which nims command and coordination structures are offsite locations where staff from multiple agencies come together?
    8·2 answers
  • On January 1, 2016, American Corporation purchased 30% of the outstanding voting shares of Short Supplies common stock for $240,
    10·1 answer
  • BK enterprises neither sold nor repurchased any shares of stock during the year. The firm had annual sales of $7202 depreciation
    8·1 answer
  • How are enterprise state roaming (esr) profiles different from other traditional user profiles?
    7·1 answer
  • If the long-run average total cost curve for a firm is horizontal in a relevant range of production, then it indicates that ther
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!