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vitfil [10]
3 years ago
13

Richards Corporation had net income of $231,971 and paid dividends to common stockholders of $58,300. It had 55,100 shares of co

mmon stock outstanding during the entire year. Richards Corporation's common stock is selling for $66 per share. The price-earnings ratio (rounded to two decimal places) is:_________
Business
1 answer:
Karolina [17]3 years ago
8 0

Answer:

It is 15.68 times

Explanation:

Price-Earnings Ratio = Market Price per share (MPS)/Earning per share (EPS).

Where EPS = $231,971 /55,100

                   = $4.21

Hence, Price-Earnings Ratio = 66/4.21

                                               =15.68 times

P/E ratio shows the expectations of the market and is the price you  pay per unit of current earnings.

The  ratio is as well being used for valuing companies and to find out whether they are overvalued or undervalued most especially by the investors.

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Economics: A group of competitors who work in unison to control the supply and price of their product is called a
7nadin3 [17]

Answer:

cartel

Explanation:

A "cartel" is a<em> group of competitors or market participants</em> who are independent from each other. They <u>work in unison by cooperating secretly</u> in an <em>unlawful way</em> so they can control the supply and price of their products. In this way, they can dominate the market.

Such type of alliance with rivals have existed since the ancient times. It <em>increased following </em><em>World War I,</em> but<em> started declining after </em><em>World War II</em>.

So, this explains the answer.

6 0
3 years ago
Alcohol is most effective when used as a __________ solution. 25% 60% 70% 95% 100%
Marta_Voda [28]
Alcohol is most effective when used as a 70% solution.
8 0
3 years ago
Refer to Exhibit 7.3, which shows the U-shaped cost curves for a producer. A is the marginal cost curve, B is the average variab
Alisiya [41]

Answer:

U shaped Curves are all of the three : A marginal cost curve , B average variable cost curve , C average (total) cost curve

Vertical Distance between B) Average Variable Cost Curve , C) Average Total Cost Curve is Average Fixed Cost

Explanation:

Marginal Cost [MC] is addition to total cost, when an additional unit of output is produced. It is the rate of change in Total Cost. As total cost increases at decreasing rate first, then at increasing rate ; MC curve falls first & then rises & hence is U shape

Average Cost [AC] is average total cost per unit of output. It is also U shape as it falls first & then rises, due to total cost first increasing at decreasing rate & then increasing at increasing rate.

Total Cost [TC] changes only due to change in total variable cost [TVC] , as total fixed cost is constant. So, TVC changes in same pattern as TC, first at decreasing rate & then at increasing rate. This makes Average Variable cost [AVC] rise first, fall then i.e U shape

Total Cost is the total production expenditure on all (fixed & variable) factors of production.

TC = TFC (total fixed cost) + TVC

AC = AFC (average fixed cost) + AVC

AC - AVC = AFC. Difference between AC & AVC is AFC. This distance keeps on falling with increase in output but never becomes zero (the curves keep on coming closer but never intersect). Such because TFC is constant, AFC = TFC / Q keeps on falling with increase in output

6 0
3 years ago
Stopping a vehicle with good brakes from 20 miles per hour under good conditions requires about:
Anuta_ua [19.1K]
About 40 jewls of power in the other direction 

5 0
3 years ago
Knowing that global business models are changing, how do you perceive IT systems helping or hindering the change process?
kati45 [8]

Answer:

IT is helping the change process

Explanation:

Information technology has revitalized today's business operations. Business models incorporating IT are fast, cost-friendly, and more responsive to market demand.

As business models endeavor to meet the needs of modern customers, IT is helping the process by offering innovative solutions. Emerging business models are anchored on modern IT.

3 0
3 years ago
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