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inysia [295]
3 years ago
6

Richards Corporation had net income of $166,152 and paid dividends to common stockholders of $48,100. It had 51,600 shares of co

mmon stock outstanding during the entire year. Richards Corporation's common stock is selling for $70 per share. The price-earnings ratio (rounded to two decimal places) is
Business
1 answer:
Sphinxa [80]3 years ago
7 0

Answer:

21.74 times

Explanation:

The price-earnings ratio refers to the ratio of stock price to the earnings per share.

Given that,

Net income = $166,152

Paid dividends to common stockholders = $48,100

Common stock outstanding during the entire year = 51,600

Selling price of common stock = $70 per share

First, we have to calculate the earning per share.

Earning per share:

= Net income ÷ Common stock outstanding

= $166,152 ÷ 51,600

= $3.22

Price-earnings ratio:

= Market price ÷ Earnings per share

= $70 ÷ $3.22

= 21.74 times

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Michael had a severe hearing impairment and worked as the supervisor of a fast food restaurant. Michael’s manager and the human
KiRa [710]

Answer: The correct answer is "C) giving up rather than standing up to the boss as required by law.".

Explanation: This is a situation of: <u>giving up rather than standing up to the boss as required by law.</u>

Michael should have sued his boss before the law so that he could instead be compensated for the bad treatment and discrimination and also collect unemployment compensation in the event that the employment relationship is terminated.

6 0
3 years ago
Suppose you held a diversified portfolio consisting of a $7,500 investment in each of 20 different common stocks. The portfolio'
MA_775_DIABLO [31]

Answer:

The new portfolio beta is 1.31 rounded off to two decimal places.

Explanation:

The portfolio beta is a function of the sum of the weighted average betas of the individual stock's that form up the portfolio. The portfolio beta is calculated using the following formula,

Portfolio beta = wA * Beta of A + wB * Beta of B + ... + wN * Beta of N

Where,

  • w is the weightage of each stock in the portfolio

The beta of the portfolio when one stock with a beta of 1 is sold is,

The sum of individual stock betas for 19 stocks is = 20 * 1.31  -  1 * 1  = 25.2

The new portfolio beta when one stock with a beta of 0.97 is added is,

Portfolio beta = (25.2 + 0.97) / 20

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4 0
3 years ago
How many european union countries use the euro as their official currency?
BlackZzzverrR [31]

Answer:

19

Explanation:

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6 0
3 years ago
If you've been a victim of identity theft, what should you do after contacting the company that reported the suspicious charge a
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You should B. order a credit report.
hope this helps!
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3 years ago
Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pay
Vikki [24]

Answer:

The Ariana's accounting profit for the year was $6,000

Explanation:  

Accounting Profit : The accounting profit is that profit which records the difference of total revenues and total direct cost.

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And total cost includes monetary cost, etc.

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Accounting profit = Total revenues - Total cost

where

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Monetary cost = $9,000

So,

Accounting profit = $15000 - $9000 = $6,000

Hence, the Ariana's accounting profit for the year was $6,000

7 0
3 years ago
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