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Bess [88]
4 years ago
8

Last year, Alfred's Automotive had a price-earnings ratio of 15 and earnings per share of $1.20. This year, the price earnings r

atio is 18 and the earnings per share is $1.20. Based on this information, it can be stated with certainty that:
Business
1 answer:
drek231 [11]4 years ago
6 0

Answer:

Investors’ outlook for the firm has improved.

Explanation:

Computation of Market price.

MPS = PE ratio ×  EPS

⇒ MPS (Previous) = $1.20 × 15

⇒ MPS (Previous) = $18

⇒ MPS (Current) = $1.20 × 18

⇒ MPS (Current) = $21.60

So, we say that the market price has increased.

Investors’ outlook for the firm has improved.

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Gus needs to purée his soup while it's still in the pot. What is the best tool for him to use?
JulijaS [17]

if i was gus i would use a immersion blender cuz its the easiest and fastest.

4 0
3 years ago
Read 2 more answers
Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted bal
11111nata11111 [884]

Answer:

T-Accounts:

a) Accrual:

Depreciation Expense - Equipment

Account Title         Debit      Credit

Accumulated

Depreciation       $1,800

Accumulated Depreciation - Equipment

Account Title         Debit      Credit

Unadjusted balance           $5,000

Depreciation                          1,800

Bal                                       $6,800

b) Prepaid:

Office Supplies Expense

Account Title         Debit      Credit

Office Supplies   $8,900

Office Supplies

Account Title              Debit      Credit

Unadjusted balance  $9,200

Office supplies expense         $8,900

Bal.                               $300

c) Deferral:

Service Revenue

Account Title         Debit      Credit

Unadjusted balance          $11,300

Unearned Revenue

Account Title         Debit      Credit

Balance                               $11,800

Explanation:

Deferral of revenue, prepayment of expenses, and accrual of expenses and revenue are required under the accrual basis of accounting.  The accrual basis is supported by the accrual concept which requires that revenue and expenses are accounted or recognized in the period that they relate to and not when the cash is received or paid.

4 0
3 years ago
Mr. Lainson died this year on a date when the total FMV of his property was $12 million and his debts totaled $450,000. His exec
Kitty [74]

Based on the information given about Mr. Lainson, the taxable estate of the year will be $7,785,000.

The taxable estate for Mr Lainson will be calculated thus:

  • FMV $12 million
  • Less: Debt $450000
  • Less: Funeral expense $15000
  • Less: Legal fees $50000
  • Less: Donation ($3.5 million + $200000) = $3.7 million
  • Taxable estate = $7,785,000

The taxable estate of the year will be $7,785,000.

Read related link on:

brainly.com/question/25641251

5 0
3 years ago
Mikey is very picky and insists that his mom make his breakfast with equal parts of cereal and apple juice any other combination
timofeeve [1]

Answer: Mikey's mom will buy 80 tablespoons each of cereal and juice. Option C.

Explanation:

We will get the correct option by calculating each option thus:

Cereal = 4 cents per tablespoon.

Juice = 6 cents per tablespoon.

Option A. 40 tablespoons of cereal and 75 tablespoons of juice.

40 tablespoons of cereal X 4 cents = 160 cents = $1.6

75 tablespoons of juice X 6 cents = 450 cents = $4.5

Option A gives a total of $6.1 (WRONG).

Option B. 100 tablespoons of cereal and 67 tablespoons of juice

100 tablespoons of cereal X 4 cents = 400 cents = $4

67 tablespoons of juice X 6 cents = 372 cents = $3.72

Option B gives a total of $7.72 (WRONG).

Option C. 80 tablespoons each of cereal and juice.

80 tablespoons of cereal X 4 cents = 320 cents = $3.2

80 tablespoons of juice X 6 cents = 480 cents = $4.8

Option C gives a total of $8 (CORRECT)

Option D. 40 tablespoons each of cereal and juice.

40 tablespoons of cereal X 4 cents = 160 cents = $1.6

40 tablespoons of juice X 6 cents = 240 cents = $2.4

Option D gives a total of $4 (WRONG)

Therefore, the correct option is C.

3 0
3 years ago
Unemployment compensation is a. not part of GDP because it is a transfer payment. b. part of GDP because the recipients must hav
Alex17521 [72]

Answer:

a. not part of GDP because it is a transfer payment.

Explanation:

Unemployment compensation includes the funds given to a worker who is currently without a job but actively seeking one. Usually, it is funded from the taxes given to the state by employers.

GDP is the measure (in terms of money) of all goods made or services given in a time period (usually a year) in a particular country. Since the unemployment compensation does not reflect any produced goods or services, it is a <em>transfer paymen</em>t. Thus, it is not included in the GDP.

4 0
3 years ago
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