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2 years ago

Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.

1 answer:

5 0

Criterion referenced tests and assessments are designed to measure student performance against a fixed set of predetermined criteria or learning standards i.e., concise, written descriptions of what students are expected to know and be able to do at a specific stage of their education an at least a 70% score or higher

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The following information relates to Conejo Corporation for last year: Book value per share $ 40 Par value per share $ 12 Divide

Ede4ka [16]

Answer:

price earning ratio = 2

Explanation:

given data

Book value = $40 per share

Par value = $12 per share

Dividends = $5 per share

Dividend payout ratio = 20 %

Dividend yield ratio = 10 %

solution

first we get here market price per share by dividend yield ratio that is express as

dividend yield ratio = Dividends per share ÷ market price per share ........................1

put here value we get

market price per share = $\frac{5}{0.10}$

market price per share = $50

and

now we get earning per share by dividend payout ratio that is express as

dividend payout ratio = dividend per share ÷ earning per share .................................2

put here value we get

earning per share = $\frac{5}{0.20}$

earning per share = $25

so now we get here price earning ratio that is

price earning ratio = market price per share ÷ earning per share ..........................3

put here value we get

price earning ratio = $\frac{50}{25}$

price earning ratio = 2

4 0

2 years ago

Aleutian Company produces two products: Rings and Dings. They are manufactured in two departments: Fabrication and Assembly. Dat

Wittaler [7]

Answer:

Estimated manufacturing overhead rate= $3 per machine hour

Explanation:

Giving the following information:

Machine Hours Per Unit:

Rings= 6 (1,000 units)

Dings= 11 (2,040 units)

All of the machine hours take place in the Fabrication Department, which has an estimated total factory overhead of $85,200.

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 85,200/(6,000 + 11*2,040)= $3 per machine hour

6 0

2 years ago

On January 2, 2021, Miller Properties paid $28 million for 1 million shares of Marlon Company's 6 million outstanding common sha

emmainna [20.7K]

Answer:

A. Income statement $8.4 million

B. Balance sheet million $35.4 million

C. Operating cash flow million $1 million

Investing cash flow million=$28 million

Explanation:

a. Calculation for Income statement million

Using this formula

Income statement=Investment revenue -Patent amortization adjustment

Let plug in the formula

Income statement= ($54 million × 1/6)-([$36 million] × 1/6]÷10 years)

Income statement=$ 9.0-$0.6

Income statement=$8.4 million

Therefore Income statement million will be $8.4 million

b. Preparation of the Balance sheet million

Cost $28 million

Add Investment revenue $9.0 million

($54 million × 1/6)

Less Dividend ($1 million)

($6 million × 1/6)

Less Patent amortization adjustment ($0.6 million)

([$36 million] × 1/6]÷10 years)

Balance sheet million $35.4 million

($28 million+$9.0 million-$1 million-$0.6 million)

Therefore Balance sheet million will be $35.4 million

c. Preparation of the Statement of cash flows

Operating cash flow million=($6 million × 1/6)

Operating cash flow million= $1 million

Investing cash flow million=$28 million

Therefore Operating cash flow million will be $1 million while the Investing cash flow million will be $28 million.

5 0

2 years ago

)In six months, your company plans to issue a 1.5 year zero coupon bond with a face value of $500,000 to finance a small acquisi

pishuonlain [190]

Answer:

$441,495

Explanation:

Since the information is incomplete, I looked for the missing part and found the attached information.

the current yield of a 1.5 years zero coupon bond = (100 / 89.9)¹/¹°⁵ - 1 = 0.0736 = 7.36%

the current yield of a 6 months zero coupon bond = (100 / 97.087)¹/⁰°⁵ - 1 = 0.0609 = 6.09%

now to calculate the future interest rate:

(1.0736²/1.0609) - 1 = 0.0865 = 8.65%

since we are told to determine the price of the bond:

(100/P)¹/¹°⁵ - 1 = 0.0865

(100/P)¹/¹°⁵ = 1.0865

100/P = 1.0865¹°⁵

100/P = 1.1325

100/1.1325 = P

P = 88.299

the expected price of the bond = 88.299% x $500,000 = $441,495

8 0

2 years ago

After you open your new business is not the best time to

Alexxandr [17]

C. Conduct a research on your product.

You should have already done the research by this stage

6 0

2 years ago

Read 2 more answers