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ankoles [38]
3 years ago
11

A company has net income of $90,000; its weighted-average common shares outstanding are 18,000. Its dividend per share is $0.45,

its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals___________.a. 90b. 176c. 12.5 d. 15.2
Business
2 answers:
andreyandreev [35.5K]3 years ago
6 0

Answer:

b. 17.6

Explanation:

Earning Per share = Net Income / Weighted average outstanding share

Earning Per share = $90,000 / 18,000 = $5 per share

Price earning ratio = Share market price / Earning per share

Price earning ratio = $88 / $5 = 17.6

* Options are inconsistent with the data given

Or

The option b. 176 is wrong, it is missing point between 7 and 6 and will be correctly written as b. 17.6

LekaFEV [45]3 years ago
5 0

Answer:

Option B is correct (17.6)

Price-earnings ratio=17.6

Explanation:

option B is correct (17.6)

Given Data:

Net income=$90,000

Weighted-average common shares outstanding=18,000

Market price per share=$88

Book value per share=$76

Required:

Price-earnings ratio=?

Solution:

Formula:

Price-earnings ratio=\frac{Market\ price\ per\Share}{\frac{Net\ Income}{ weighted\ -\ average\ common \ shares\ outstanding } }

Price-earnings ratio=\frac{\$88}{\frac{\$90,000}{18,000}}

Price-earnings ratio=17.6

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Answer:

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Explanation:

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But before that we need to find out the amortization of discount which is

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Hence, the option b is correct

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Bait and switch is a tactic that is used by entrepreneurs to attract customers. They tell them to purchase a good at a low price.

However, when they come to buy, they are encouraged to buy a good that costs more.

So, in this way, the bait and switch tactics is used by sellers to deceive the buyers.

Learn more about the bait and switch tactics here:

brainly.com/question/981097

3 0
2 years ago
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7 0
1 year ago
Gene is a resident of Texas and has never been to Virginia. Helen wants to sue Gene in a Virginia state court regarding a breach
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The options are:

The Virginia police arrest Gene in Texas and take him to Virginia.

HThe Virginia police arrest Gene in Texas and take him to Virginia.

Helen could disguise her voice and phone Gene, telling him he has won $10,000 and must pick up the money in Richmond, Virginia, then have him served in Richmond.

Helen could have Gene served with a summons while he is driving through Tennessee.

Helen can have Gene served with a summons in Texas and he must appear in Virginia court.

Helen could disguise her voice and phone Gene, telling him he has won $10,000 and must pick up the money in Richmond, Virginia, then have him served in Richmond.

Helen could have Gene served with a summons while he is driving through Tennessee.

Helen can have Gene served with a summons in Texas and he must appear in Virginia court.

Answer:

Helen could disguise her voice and phone Gene, telling him he has won $10,000 and must pick up the money in Richmond, Virginia, then have him served in Richmond.

Explanation:

Since Gene is suing Gene in a Virginia State court, Gene must be served in Virginia where the court has jurisdiction. If the case was on Federal Court he could have been served in any state.

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6 0
3 years ago
The designated market value:a. is always the middle value of replacement cost, net realizable value, and net realizable value le
eduard

Answer:

a. is always the middle value of replacement cost, net realizable value, and net realizable value less a normal profit margin.

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