Suppose a tax is imposed on bananas. In which of the following cases will the tax cause the equilibrium quantity of bananas to s
1 answer:
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Answer:
price earning ratio = 19.44 times
so correct option is c. 19.44
Explanation:
given data
net income = $103,000
common stock outstanding beginning = 38,000 shares
common stock outstanding ending = 44,000 shares
preferred stock outstanding = 5,000 shares
paid preferred dividends = $29,000
common stock = $35.00 per share
market price preferred stock = $55.00 per share
to find out
Lark's price earnings ratio
solution
first we get here average no of equity share that is
average no of equity share = common stock outstanding beginning + common stock outstanding ending ÷ 2
average no of equity share =
average no of equity share = 41000 share
and
earning per share will be here as
earning per share = ( net income - paid preferred dividends ) ÷ average no of equity share
earning per share =
earning per share = $1.80
so here price earning ratio will be as
price earning ratio =
price earning ratio =
price earning ratio = 19.44 times
so correct option is c. 19.44
Answer:
Please check the attached image for the diagram
Explanation:
I would be borrowing $4000 from the bank. I would be $4,000 richer and the bank would have $4000 less.
In one year, I would be paying the bank $4160. So I would have $4160 less and the bank would be $4160 richer.
A negative sign indicates cash outflow and a positive sign indicates a cash inflow.
I hope my answer helps you.
