Question Completion:
On December 31, 2014, Renda's common stock sold for $35 per share. At that price, how much did investors say $1 of the company's net income was worth? Earnings per share = $1.50
Answer:
Renda Company
The value of $1 of the company's net income by investors was:
$23.33
Explanation:
a) Data and Calculations:
Market price of Renda's common stock = $35 per share
Earnings per share = $1.50
This means that investors' value on $1 = $35/$1.50 = $23.33
b) Investors in Renda's common stock place a value of $23.33 for each $1 of the company's net income. This is why they can afford to pay $35 per share in order to benefit from $1 of the company's earnings. This calculation is based on the price-earnings ratio, which relates the company's share price to the earnings per share.
Answer: 60 %
Explanation: Gross profit refers to the amount of profit that a company has after deducting for making and selling charges.
Gross profit percentage or gross profit ratio refers to the ratio of gross profit and net sales. It is used to evaluate how much gross profit does a company makes from its sales. It is a good measure for evaluating liquidity.
This could be calculated as follows :-
=60 %
D. all of the above
hope this helped:)
Financial and economic stability is controlled and enforced by the European Central Bank (ECB).
<u>Explanation:
</u>
The main goal is to control markets and to promote economic growth as well as the development of jobs.
Specifies the inflation it loans to the Euro-zone financial institutions, thus regulating money supply and prices.
- Managed financial assets of the euro and the sales and acquisition of assets to align market prices.
- Secure the European financial framework and maintain its sustainability.
- Controlling market trends and assessing controlling inflation threats.
- Authorizes Euro coin manufacturing by Euro area countries.
Research and collect information.
<u>The phases of the 3 x 3 process are:</u>
1. Pre-writing: think about your audience, anticipate the reaction to your message adapt the message to the audience
2. Drafting: <u>research and collect information,</u> organize it and write the first draft
3. Revising: Edit, proofread, and make sure it meets the goals that you developed in the pre-writing process.
