Computronics, inc. has a current ratio of 1.5. this implies that if the firm liquidates its current assets in order to pay off i
1 answer:
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Answer:
A. $66
Explanation:
The price of the company's common stock can be determined by multiplying the industry's price/earning ratio by the earnings per share. If the price/earning ratio is 12, and earnings per share are $5.50, the stock price is:
Therefore, the answer is alternative A. $66.
Mark Adler will have to work 133.59 hours of overtime per week to earn the same amount at his current job.
<h3>Word problems in algebra?</h3>Word problems in algebra involve the use of mathematical models and variables to solve them. We use a careful and effective method to interpret the variables.
- In Mark Adler's current job, it was noted that he earns $1963.71 per month
However, his new job pays him $9.80 per hour and a half for all hours over 40 hours per week.
It implies that if he works for over 40 hours per week, he gets paid at the rate of:
For 40 hours, he will make 40 hr × $14.7 / hr = $588
Therefore, to make the same amount per week at his current job, he has to work for:
= $133.59 hours
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