Answer:
$88.16
Explanation:
The computation of the estimation of the stock price is given below:
Net profit ÷ sales = 6.3%
And,
Net profit ÷ Number of shares = $2.93
So,
6.3% of sales ÷ Number of shares = $2.93
Sales ÷ Number of shares = 46.51
Now PS ratio is = Price ÷ sales
= 1.56 × 46.51
= $88.16
Answer: 10%
Explanation:
Short sale of 600 shares at $25 will yield:
= 600 * 25
= $15,000
You posted 40% of this:
= 40% * 15,000
= $6,000
The profit in a year seeing as the price fell is:
= (25 - 24) * 600 shares
= $600
Rate of return is:
= Profit / Margin posted
= 600 / 6,000 * 100%
= 10%
Answer:
A complete record of all transactions in chronological order from which transaction amounts are posted to the ledger accounts.
Explanation:
The general journal is the only entry point for all business transactions in order by date, which later will make its way into the books of accounts of the company. The definition was more appropriate when transactions were written in a journal prior to manually posting them to the accounts in the general ledger or subsidiary ledger.
Answer:
a) the demand curve for Merlot has shifted to the right faster than the supply curve has shifted to the right
Explanation:
As the income of consumers have increased that means that the buying capacity has increased, which contributes to increase in demand of the product.
Further the raw material required to manufacture the product now cost less, accordingly the supply will also be increased.
But the supply would only increase if the producers realize that the demand has increased.
Accordingly, demand shall increase faster than the increase in supply.
