Answer:
The price/earnings ratio is closest to 21.79
Explanation:
Price / Earning ratio is used to assess the owner`s appraisal of share value. The higher the ratio the more confident that the shareholders have on company's future performance.
Price / Earning ratio = Market price of Share ÷ Earnings per share
= $61 ÷ $2.80
= 21.79
Answer:
54,600
Explanation:
According to the scenario, computation of the given data are as follow:-
Particular Quantity of Raw Material (liters)
Required Raw Material 56,000
Add-Raw Material’s ending stock (52,000 × 35%) 18,200
Less-Raw Material’s opening stock(56,000 × 35%) 19,600
Budgeted material need for April 54,600
We simply applied the above format for determining the budgeted material needed for the month of April
Answer:
(D). Average product must be rising.
Explanation:
Average product is gotten by dividing the total product of a firm, by the labor quantity (such as the number of workers). This gives the average product per worker.
Marginal product shows the change in total productivity caused by an additional unit of labor (such as a newly hired worker).
If the extra productivity brought about by an additional worker (marginal product) is higher than the average productivity per worker in a firm (the average product), then this marginal productivity, when added to the total, will raise the average productivity of the firm.
This explains why "average product must be rising as long as marginal product is greater than it."
Similarly, once marginal productivity drops below average productivity, then average product starts to decline.
Answer:
Break-even point in units= 348
Explanation:
Giving the following information:
The fixed cost for the production will be $24,000. The variable cost will be $31 per pair of shoes. The shoes will sell for $100 for each pair.
<u>To calculate the break-even point in units, we need to use the following formula:</u>
<u></u>
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 24,000 / (100 - 31)
Break-even point in units= 347.82 = 348