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algol13
3 years ago
13

A company has earnings per share of $9.90. Its dividend per share is $.65, its market price per share is $126.72, and its book v

alue per share is $103. Its price-earnings ratio equals:
Business
1 answer:
galina1969 [7]3 years ago
8 0

Answer:

The P/E ratio is 12.8.

Explanation:

The price earnings ratio or P/E ratio is a ratio that estimates the amount of money that investors are willing to invest in a company for every $1 of that company's earnings. The Price-earnings ratio is calculated by dividing the price per share by the earnings per share and is also used in the valuation of a company and its stock.

The P/E ratio is = Price per share / Earnings per share

P/E ratio = 126.72 / 9.9 = 12.8 times

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You believe you must withdraw $12,000 per month during retirement. You plan to be retired for 30 years. Assuming your money will
jek_recluse [69]

Answer:

$2,385,086

Explanation:

To answer this question, we need to use the present value of an ordinary annuity formula:

PV = A ((1-(1+i)^{-n} )/i)

Where:

  • A = Value of the annuity
  • i = interest rate
  • n = number of compounding periods

Because the interest rate is annual, it is convenient to convert it to a monthly rate.

4.5% annual rate = 0.37% monthly rate.

The number of compounding periods will be = 12 months x 30 years

                                                                            = 360 months

Now, we simply plug the amounts into the formula:

X = $12,000((1-(1 + 0.0037)^{-360} )/0.0037)

X = $2,385,086

You will need to have saved $2,385,086 if you plan to retire under the aforementioned circumstances.

7 0
3 years ago
Herr Corporation has 3,000 shares of 8%, $120 par value preferred stock outstanding at December 31, 2017. At December 31, 2017,
Sliva [168]

Answer:

1. $28,800

$103,200

2. $28,800

$103,200

3. $86,400

$45,600

Explanation:

1. The dividend paid to preferred stockholders = Shares × Par value × Percentage

= 3,000 shares × $120 × 8%

= $28,800

The dividend paid to Common stockholders = Cash dividend - Dividend paid to preferred stockholders

= $132,000 - $28,800

= $103,200

2. The dividend paid to preferred stockholders = Shares × Par value × Percentage

Note :- Because preferred stocks are non-cumulative in nature, the company is not allowed to pay last two years' dividends and preferred stocks are liable for payment only for the current year.

= 3,000 shares × $120 × 8%

= $28,800

The dividend paid to Common stockholders =  Cash dividend - Dividend paid to preferred stockholders

= $132,000 - $28,800

= $103,200

3. The dividend paid to preferred stockholders = Shares × Par value × Percentage × Number of years

Note: Since preferred stocks are cumulative in nature, the company is forced to pay last two years' dividends along with the current year's dividend.

= 3,000 shares × $120 × 8 % × 3 years

= $86,400

The dividend paid to Common stockholders = Cash dividend - Dividend paid to preferred stockholders

= $132,000 - $86,400

= $45,600

4 0
3 years ago
A company borrowed $19,000 by signing a 180-day promissory note at 10%. The maturity value of the note is: (Use 360 days a year.
emmasim [6.3K]

Answer:

$950

Explanation:

Calculation to determine what The maturity value of the note is:

Maturity value of the note=$19000*10%*180/360

Maturity value of the note=$950

Therefore The maturity value of the note is: $950

6 0
2 years ago
What is service enterprise​
soldier1979 [14.2K]
A Service Enterprise is an organization that strategically leverages volunteers to achieve operational efficiency and greater social impact. Service Enterprises are among the top 11 percent of nonprofits in the country in volunteer management and organizational performance.
8 0
2 years ago
The last data-entry clerk stealthily resigned in the middle of an overwhelmingly difficult database conversion project. Identify
slamgirl [31]

Answer:

The answer is b. Difficult.

Explanation:

The correct answer to the given question is b. Difficult. The word which describes the quality or intensity of verb is known as an adverb. The word Difficult is an adverb as it clarifies the measures the verb which is data base conversion project. Stealthiness is an adjective, the word Overwhelming is a verb and Data-Entry is also a noun.

7 1
3 years ago
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