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Fudgin [204]
4 years ago
13

The Holtzman Corporation has assets of $384,000, current liabilities of $54,000, and long-term liabilities of $79,000. There is

$36,800 in preferred stock outstanding; 20,000 shares of common stock have been issued.
a. Compute book value (net worth) per share. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Book value per share $

b. If there is $33,600 in earnings available to common stockholders, and Holtzman’s stock has a P/E of 22 times earnings per share, what is the current price of the stock? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Current price $

c. What is the ratio of market value per share to book value per share? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Business
1 answer:
Lina20 [59]4 years ago
6 0

Answer:

A. $10.71

B.$36.96

C. 3.45 times

Explanation:

The Holtzman Corporation

A.

Total assets $384,000

Less:current liabilities ($54,000)

long-term liabilities of ($79,000)

Stock holder equity $251,000

Less preferred stock( $36,800)

Net worth assigned to common $214,200

Common shares outstanding $20,000

Book value per share (Net worth) per share $10.71

Book value per share = $214,200/$20,000

= $10.71

B. Earnings per share = Earnings available to common stockholders /Numbers of shares

$33,600/$20,000

=$1.68

Price =P/E×EPS

22×$1.68

=$36.96

C. Market value per share to book value per share

$36.96/$10.71

3.45 times

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a

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if a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transact
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You would record this transaction into the accounting equation by: increasing cash and decreasing accounts receivable

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4 0
2 years ago
_____________is a set of approaches used to integrate the functions of operations management, logistics management, supply manag
Ivenika [448]

Answer:

<u>Supply chain management</u>

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3 0
3 years ago
A consumer products company has collected some data relating monthly demand to the price of one of its products: 4. Price Demand
cestrela7 [59]

Answer:

Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand

slope y=-225/8x+19275/8

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Explanation:

A consumer products company has collected some data relating monthly demand to the price of one of its products: 4. Price Demand $111100 2,100 $13 2,020 1,980 1,875 $19 What type of model would best represent these data?

Linear function. It is actually a negative linear graph. for the products prices increases, there was a noticeable decrease in demand

slope is

m=y2-y1/(x2-x1)

PICKING TWO POINTS

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6 0
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Veseljchak [2.6K]

Answer:

e) capacity requirement planning

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