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Tatiana [17]
3 years ago
8

Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1

.30 this year. Which of the stock prices listed below would give the P/E ratio she is looking for?
I. $18 a share
II. $19 a share
III. $20 a share
Mathematics
1 answer:
Scorpion4ik [409]3 years ago
7 0
The right answer for the question that is being asked and shown above is that: "III. $20 a share ." Sally is looking to invest in Agricon Products when its P/E ratio is lower than 15. Each share is currently projected to earn $1.30 this year. The stock prices listed below would give the P/E ratio she is looking for is that III. $20 a share 
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3 years ago
6x + 5y = 147<br> 8x + 4y = 156
satela [25.4K]

Answer:

[12, 15]

Step-by-step explanation:

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-¾[8x + 4y = 156]

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{-6x - 3y = -117 ← New Equation

________________

2y = 30

___ ___

2 2

y = 15 [Plug this back into both equations to get the x-coordinate of 12]; 12 = x

So, using the Elimination Method, what I did here was took the bottom equation and multiplied it by -¾, turning 8x to -6x, canceling out all <em>x-terms</em><em>.</em><em> </em>It does not matter which variable you choose to eliminate, as long as you know what you are doing.

I am joyous to assist you anytime.

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3 years ago
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anygoal [31]
If I did this correctly, the answer should be 2.72. Monday's stock price is given to you already, 30.80. To find Tuesday's, you'd add 1.20 to the already existing 30.80, that totals to 32. To find the number for Wednesday you would have to get the percentage and move the decimal so you can multiply it, it should end at .0625. You then get that number and multiply it by 32 because it was Tuesday's amount. From that you should get 2. You then subtract the 2 and the total for Wednesday is 30. You do the same for Thursday, you get the already existing number, 30, and multiply it by .04. That should end in 1.2. You then subtract that 1.2 and you should get 28.8 as your answer for Thursday. For Friday, the steps repeat. You take the 28.8 and multiply it by .025. That should equal to .72. You now subtract that .72 from Thursday's amount and should be left with 28.08 for Friday. Now that all the numbers are known, take the numbers for Monday and for Friday and then subtract them. (30.80-28.08) It should equal to 2.72.
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