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
Alex777 [14]
2 years ago
15

Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that

growth rate were maintained, how many years would it take for Thomson's EPS to triple?
Business
1 answer:
Semmy [17]2 years ago
5 0

Answer:

10.52 years

Explanation:

We can work out the number of years using this relationship

V =P× (1+r)^n

V= tribe valeu  = 3×3.5 = 10.5

r-growth rate -11%

n- number of years- ?

10.5 = 3.5× (1.11)^n

<em>dividing both sides by 1.11^n</em>

1.11^n = 10.5/3.5

<em>taking the log of both sides</em>

n log 1.11 = log 3

n = log 3/log 1.11

n =10.52

You might be interested in
Suppose that an installment plan calls for five payments to be made. The total paid in this plan is 20% more than the price woul
ollegr [7]

Answer:

The answer is $48.

Explanation:

20% of $200 is 40. So the total amount they will pay is $240. Since there will be five payments you divide this by five. That makes %48.

4 0
3 years ago
When there is less money in
Drupady [299]

Answer:

the correct answer is

D all of the above

8 0
2 years ago
Julio is the owner of Party Pros, Inc., a party supply company. The company provides tents, tables, chairs, and related products
wel

Answer:

Line organization model

Explanation:

Based on the information provided within the question it seems that Party Pros Inc. is using a Line organization model. This is an organizational structure in which power flows from the top to the bottom, meaning that the person at the top is the owner and the individuals in each level of the hierarchy answer to those in the upper levels, all of which are trying to accomplish the same organizational goals. Such as is being described in this situation.

8 0
3 years ago
Identify which basic principle of accounting is best described in each item below.
adelina 88 [10]

Answer:

The Matching Principle

Explanation:

The Matching Principle of accounting holds that revenues should be matched with expenses. Hence the name.

This is to say, that revenues should only be recognized when the associated expenses with those revenues have been spent.

For example, in numeral a), we can see that Norfolk Southern Corporation recieved cash in advance, but it only recognized revenue once it had performed the services associated with that cash collection.

4 0
3 years ago
How old do you have to be to become a emergency doctor and a paramedic?
lbvjy [14]

Answer:30

Explanation:

5 0
3 years ago
Other questions:
  • What are environmental trends?
    11·1 answer
  • Ben made some resolutions at the beginning of the new year. He read his resolutions out loud to his friends. Which of Ben’s reso
    7·2 answers
  • You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.00 per share fo
    8·1 answer
  • The capital structure weights used in computing a company's weighted average cost of capital: Multiple Choice depend upon the fi
    13·1 answer
  • Ivory Corporation, a calendar year, accrual method C corporation, has two cash method, calendar year shareholders who are unrela
    9·1 answer
  • What is the difference between financial and managerial accounting ?
    10·1 answer
  • If the margin of safety for canace company was 20%, fixed costs were $1,875,000, and variable costs were 80% of sales, what was
    6·1 answer
  • WILL GIVE BRAINIEST 3 SENTENCES OR MORE
    9·1 answer
  • Accents Associates sells only one product, with a current selling price of $130 per unit. Variable costs are 60% of this selling
    9·1 answer
  • You receive results from the team engagement survey. According to the survey, your team members feel that the feedback they prov
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!