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
AnnyKZ [126]
3 years ago
10

The firm has just declared a dividend of $1.09 per share for the current fiscal year. The firm has earnings per share of $2.11,

and 225,000 shares outstanding with a market price of $31.17 per share prior to the ex-dividend day. Ignore taxes. As a result of this dividend, the: A) the current dividend yield is 51.66% B) retained earnings will increase by $245,250. C) the current dividend payout ratio is 3.497% D) earnings per share will increase to $3.20. E) price-earnings ratio will be 14.26 ex-dividend.
Business
1 answer:
Anna007 [38]3 years ago
4 0

Answer: E) price-earnings ratio will be 14.26 ex-dividend.

Explanation:

Stock prices generally decrease in price by the price of the dividend on ex-dividend date.

This means that this stock will reduce to:

= 31.17 - 1.09

= $30.08

Price to Earnings ratio = Stock price/ Earnings per share

= 30.08/2.11

= $14.26

<em>Option E is correct. </em>

You might be interested in
A(n) _____ GPA does not include extra points for honors or advanced placement (AP) courses.
ivolga24 [154]
I'm thinking intermediate I hope :/
6 0
3 years ago
Read 2 more answers
Which statement is FALSE regarding OSHA inspections?
jeka94

Did you ever figure out the answer, I'm stuck on this rn /:

4 0
3 years ago
Read 2 more answers
Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8 5,000 13 If 9,000 units are on hand at
Lostsunrise [7]

Answer:

The answer is: $100,000

Explanation:

Under LIFO (last in, first out) costing method, we use the oldest costs are used to determine the ending inventory:

We were given the following data:

  • Jan. 1: 8,000 purchased at $11 per unit
  • June 19: 13,000 purchased at $12 per unit
  • Nov. 8: 5,000 purchased at $13 per unit

If the ending inventory had 9,000 units, then its total cost is:

Ending inventory = (8,000 units x $11 per unit) + (1,000 units x $12 per unit)

Ending inventory = $88,000 + $12,000 = $100,000

3 0
3 years ago
organizations can gain competitive advantage simply by matching their competition in terms of cutting cost and responsiveness to
Zepler [3.9K]
True, all business live on competition. Whatever other's may have they compete to make theirs better than the other to make a profit
3 0
3 years ago
Read 2 more answers
Plz help 25 points!!!
uysha [10]

Answer:

I thinks its b

Explanation:

8 0
2 years ago
Other questions:
  • Bank loans from the Federal Reserve are called ________ and represent a ________ of funds for the bank.
    5·1 answer
  • An employee's commission is always based on total dollar sales.<br> true or false
    10·1 answer
  • Suppose that you found out that many of the sales people in your stores around the country are offering poor customer service. H
    11·1 answer
  • Du Pont had cash flow from operations of $5,070, cash flows from investments of $(1,244), cash flows from financing of $(3,537),
    8·2 answers
  • QUESTION 4 / 10
    9·1 answer
  • Capital budgeting decisions are risky because the outcome is uncertain, large amounts are usually involved, the investment invol
    15·1 answer
  • Sales Mix and Break-Even Analysis Michael Company has fixed costs of $2,313,840. The unit selling price, variable cost per unit,
    13·1 answer
  • An economic term for any person who uses goods or services. Sometimes a consumer buys a good or service. Sometimes, the goods or
    12·1 answer
  • In the late 1800s, how did railroad monopolies create economic hardships for farmers?A. By claiming productive land for business
    8·1 answer
  • Find the total graduated commission for 26 cooking demonstrations if the commission is ​$2 for the first 20 ​demonstrations; ​$5
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!