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vitfil [10]
4 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]4 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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How will the aggressive e-commerce plan implemented by Walmart affect operations at its retail locations
Lisa [10]

Answer and Explanation:

As we know that Walmart has the biggest size as a strength. Even there is market saturation but still it opened various retail stores. having more than 10,000 stores in international market it seen that there is large amount of profits. Now after implementing the new e-commerce plan the Walmart leave the competition behind as it helped in covering the great amount of customers range due to this it would create a favorable response also it would be helped in online shopping. having e-commerce plan will give the benefit to generate more sales as compared to before

4 0
3 years ago
The Cookie Co. would like to sell 500 shares of stock using the Dutch auction method. The bids received were Bidder A, 200 share
liberstina [14]

Answer:

$19,700

Explanation:

The total proceeds from the auction will be calculated as follows:

A. 200 shares for $40 = 200 shares * $40 = $8,000

B. 300 shares for $39 = 300 shares * $39 = $11,700

This makes a total of 500 shares at a total proceeds of $19,700

In Dutch auction method rate per share is noted by the auctioneers to calculate the highest proceeds which can be generated through the auction. The bid from the highest rate are entertained first and in this case bidder A and B are selected.

8 0
4 years ago
Sheridan Company sells merchandise on account for $6400 to Carla Vista Company with credit terms of 2/10, n/30. Block Company re
Aliun [14]

Answer: $4,508

Explanation:

Companies usually give discounts with credit terms to encourage Receivables to pay faster.

In this scenario, credit terms of 2/10, n/30 were offered which means that if Carla Vista Company pays within 10 days they get a discount of 2% but if they don't they should pay the full amount in 30 days.

They paid within the discount period meaning that they qualify for the discount of 2% but they however returned goods worth $1800.

So calculating for that would be,

= (6,400 - 1800) (1 - 0.02)

= $4,508

The amount of the check is $4,508

8 0
3 years ago
Read 2 more answers
The Clemson Company reported the following results last year for the manufacture and sale of one of its products known as a Tam.
Nikitich [7]

Answer:

See below

Explanation:

With regards to the above information, there would be no sales if Tam were to be dropped. Also, there would be no cost associated with it other than $145,000 fixed manufacturing overhead.

Again, since the net loss operating loss was $55,000, the $145,000 would increase that loss by $90,000.

7 0
3 years ago
Other than its main role of controlling the supply of money, the functions of the federal reserve include
Murljashka [212]

<span>The Federal supervises and regulates a lot of the nation’s banks to secure consumers.  It preserve the stability of the financial markets and constrains possible crises and it provides banking services to other banks, the U.S. government and foreign banks.  The Fed moderates long-term interest rates through open market operations and the fed funds rate. The goal of monetary policy is </span>healthy economic growth. That target is a 2-3 percent gross domestic product growth. 

6 0
3 years ago
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