Answer:
The price earnings ratio is 19:1
Explanation:
The price earnings ratio tells us that how much price the investors are willing to pay for $1 of earnings provided by the company. The price earnings ratio is calculate by dividing the price per share by the earnings per share.
Price earnings ratio = Price per share / Earnings per share
The price per share is the market price of the stock.
The earnings per share is calculated using the following formula:
Earnings per share = Net Income / Weighted average shares outstanding
Earnings per share = 240000 / 60000 = $4 per share
The price earnings ratio = 76 / 4 = 19 / 1 or 19:1
Answer:
prior to using the <u>Assumed names</u>
Explanation:
An insurance producer must get himself or his organization registered before doing any business of insurance.
For this there are certain rules as related to the names of such business.
There is the requirement to follow the rules and regulations.
If some person does this business not in his name, and uses some other assumed name, that is any kind of "insurance" word is used for example, "Life Insurance Co." then the person is required to take a prior permission from the commissioner.
This is to ensure that the name shall not be registered with some other organization.
Thus, no assumed names to be used, before prior permission is received from the commissioner.
Answer:
$559,500
Explanation:
To find Live Co.'s expected dollar cash flows at the end of this year convert the Euro and Swiss francs amounts to dollar using their respective rates and then add all of the dollar amounts.
Swiss francs in dollars:
Euros is dollars:
Dollar cash flow:
The company's expected dollar cash flows are $559,500.
Answer:
The false statement is letter "A": The effect of compounding is great over short time periods, but then it begins to decline as the horizon grows.
Explanation:
Interest on interest or Compound Interest is the money accrued out of an interest rate plus all the interest earned accumulated on a certain period of time. The compound interest can be calculated on a daily, monthly or yearly basis. If the frequency of the compound interest is set in shorter periods of time, it will be more beneficial for the investor.
In that sense, option letter "A" is false since interest on interest does not decline over time but increases.
Answer:
$162
Explanation:
As we know that
1 square feet = 0.1 square yard
which means
10,000 square feet = 0.1 × 10,000
= 1,000 square yards
And, the given cost is $27
So, the cost for 6,000 square yards would be
= (6,000 square yards × $27) ÷ (1,000 square yard)
= ($162,000) ÷ (1,000 square yard)
= $162
We applied the unitary method for above calculation.
