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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

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5 0
3 years ago
"The big white house on the hill clearly" was different from any of the other homes in the subdivision. It had more rooms, a dou
Helen [10]

Answer: Functional Obsolescence

Explanation:

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4 0
3 years ago
Mustaine Manufacturing has two classes of distributors: JIT distributors and non-JIT distributors. The JIT distributor places sm
polet [3.4K]

Answer:

(A) $625 per order

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As the total orders processed are:

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Total cost to be allocated = $200,000 that is the order processing cost of previous quarter.

Cost per order shall be \frac{200,000}{320}

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6 0
3 years ago
How motivation, stress and time Management can influence workplace dynamics
butalik [34]

Answer:

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Motivation, a self driven need to achieve a goal or an objective is important when someone is engaged in any activity related to work as the success of the organization depends on the success of objective achieving.

Stress is a negative affect that thwarts the Organizational development and individual well being. More and more psychological and sociological support systems are being introduced at the work place to manage the work life balance of employees and to handle the ever increasing workload in modern organizations.

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Explanation:

8 0
4 years ago
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romanna [79]

Answer:

D

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8 0
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