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
strojnjashka [21]
3 years ago
9

Ornaments, Inc., is an all-equity firm with a total market value of $663,000 and 32,800 shares of stock outstanding. Management

believes the earnings before interest and taxes (EBIT) will be $95,100 if the economy is normal. If there is a recession, EBIT will be 25 percent lower, and if there is a boom, EBIT will be 35 percent higher. The tax rate is 34 percent. What is the EPS in a recession
Business
1 answer:
Dvinal [7]3 years ago
7 0

EPS = $1.44 (after rounding off)

<u>Explanation:</u>

<u>The calculation of Earnings per share is as follows: </u>

Particulars                                   Amount

Earnings before interest and tax = 71325

Less: amount of interest = 0

Earnings before tax = $71325

Less : the amount of tax ( 34 percent) = 2425.05

Net income = $47074.5

The number of shares given = 32,800

The formula of calculating the earning per share is = Net income divided by the number of the shares of a company

Thus, EPS = $47074.5 divided by 32,800 = $1.44 (rounded oof)

You might be interested in
When the economy is growing, total output is _____ and total income is _____.
arsen [322]
Increasing ,increasing
the reason is that when the economy is growing more money is flowing ,unemployment is decreasing so more goods and services are produced ,as a result of low unemployment ,more consumption and total output increasing total income is increasing
8 0
3 years ago
Read 2 more answers
The complex whole that includes knowledge, belief, art, law, morals, customs, and any other capabilities and habits acquired by
timurjin [86]

The classic anthropological definition of culture is ---“that complex whole which includes knowledge, belief, art, law, morals, custom, and any other capabilities and habits acquired by man as a member of society”

What is the meaning of complex whole?

Whenever a relation holds between two or more terms, it unites the terms into a complex whole. Literature. The food industry as a complex whole requires an incredibly wide range of skills. If Othello loves Desdemona, there is such a complex whole as 'Othello's love for Desdemona'.

What is a complex culture?

a group of culture traits all interrelated and dominated by one essential trait: Nationalism is a culture complex.

How do you define culture and society?

A culture represents the beliefs and practices of a group, while society represents the people who share those beliefs and practices. Neither society nor culture could exist without the other.

Learn more about complex culture:

brainly.com/question/18512761

#SPJ4

6 0
2 years ago
What would you like to be when you grow up?
Delvig [45]
I’d like to take a senior Python developer role in a top tech company and maybe have my own startup
What about you?
3 0
3 years ago
The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet an economic crisis, was called________.
JulijaS [17]

Answer:

Hundred Days

Explanation:

The period between March 9 and June 16, 1933, when Congress passed 15 major acts to meet the economic crisis of the Depression was called <u>the hundred Days</u>. As we know that the First New Deal began in a whirlwind of legislative action called “The First Hundred Days.” From March through June 1933, at Roosevelt’s behest, Congress passed legislation aimed at addressing the banking crisis, unemployment, and weak industrial performance, among other problems, through an “alphabet soup” of new laws and agencies.

3 0
4 years ago
When a domestic country is small relative to world markets, is a price taker, and its consumption and production do not affect t
Vlada [557]

When a domestic country is small relative to world markets,is a price taker and its consumption and production do not affect the world price,it can be studied using macroeconomic variables.

Given that a domestic country is small relative to world markets, is a price taker, and its consumption and production do not affect the world price.

We are required to give a way to study the effect of size of country on the world prices.

The prices depend on the size of the country. The country which is big in size can manipulate the prices by changing the supply of the goods whereas the country which is not much big cannot change the prices. The demand and supply of international prices are the macroeconomic variables.So to study the effect of size of country on the prices,we need to study these variables.

Hence when a domestic country is small relative to world markets,is a price taker and its consumption and production do not affect the world price,it can be studied using macroeconomic variables.

Learn more about macroeconomics at brainly.com/question/15430721

#SPJ4

5 0
2 years ago
Other questions:
  • Meatpackers, Inc., enters into a contract with Nevada Ranch for the delivery of a certain number of beef cattle on a set schedul
    5·2 answers
  • In the file MajorSalary.xlsx, data have been collected from 111 College of Business graduates on their monthly starting salaries
    10·1 answer
  • Suppose that the Bethesda Mining Company had sales of $2,166,873 and net income of $108,381 for the year ending December 31, 201
    5·1 answer
  • Trudy’s monthly expenses are outlined in the chart below. Trudy’s job pays her $36,000 annually. Determine Trudy’s DTI (debt-to-
    13·2 answers
  • If a plant is operating at full capacity and receives a one-time opportunity to accept an order at a special price below its usu
    15·2 answers
  • On October 5, 2019, you purchase a $13,000 T-note that matures on August 15, 2031 (settlement occurs two days after purchase, so
    12·1 answer
  • You are going to deposit $21,000 today. You will earn an annual rate of 4.1 percent for 15 years, and then earn an annual rate o
    11·1 answer
  • An important step of exploring the job market is knowing what you want for yourself in your career. Setting goals, drafting a mi
    10·1 answer
  • If the nominal interest rate is 6 percent and the rate of inflation is 10 percent, then the real interest rate is:______
    10·1 answer
  • Consider a t bond with a 6% semiannual yield and a clean price of $1100. number of days since last coupon: 40 days number of day
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!