1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ray Of Light [21]
3 years ago
8

Net income $ 209,600 Preferred stock outstanding, 12% cumulative $ 80,000 Market price per share of common stock $ 24.00 Total S

tockholders’ Equity $ 1,240,000 Average number of common shares outstanding 100,000 shares Number of common shares outstanding at end of the accounting period 120,000 shares Dividends per share on common stock $ 0.50 per share.
Based on this information the company's price-earnings ratio:


(a). 5 to 1

(b). 12 to 1

(c). 2 to 1

(d). 10 to 1
Business
1 answer:
Svetllana [295]3 years ago
6 0

Answer:

Option (B) is correct.

Explanation:

Earning available for equity stockholders:

= Net Income - Preferred stock dividend

= $209,600 - ($80,000 × 12%)

= $209,600 - $9,600

= $200,000

Earning Per Share:

= Earning available for equity stockholders ÷ Average number of common shares outstanding

= $200,000 ÷ 100,000

= $2

Price-Earning Ratio = Price of Share ÷ Earning Per Share

                                 = $24 ÷ $2

                                 = 12 Times or 12:1

You might be interested in
The frequent changes to which the organization must adapt demands
RSB [31]

The frequent changes to which the organization must adapt demands that employees be continually trained to update their capabilities is known as cross-training program.

<h3>What is cross-training?</h3>

A program or a method in which an employee(s) who is a part of the organization is given the training of more than one skill on a frequent basis, such a method is known as cross-training.

Hence, the significance of cross-training is aforementioned.

Learn more about cross-training here:

brainly.com/question/17198876

#SPJ1

7 0
2 years ago
Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
Mazyrski [523]

Answer:

D. $5.40 per direct labor-hour and $11,065

Explanation:

The computation of the total job cost is shown below

= Direct material cost + direct labor cost + direct labor hours × predetermined overhead rate

= $715 + $9,000  250 hours × $5.4

= $715 + $9,000 + $1,350

= $11,065

The predetermined overhead rate is come from

= Total fixed manufacturing overhead cost ÷ direct labor hours + variable manufacturing overhead cost per direct labor hours

= $160,000 ÷ 80,000 direct labor hours + $3.40

= $2 + $3.40

= $5.40

6 0
3 years ago
The potential benefits a person or business gives up when making an
natulia [17]

The potential benefits a person or business supplies when getting an

economic decision is called the opportunity cost.

<h3>What is an opportunity benefit in economics?</h3>

Opportunity cost is the decision that one takes in order to get something. The benefit is the decision that a person gives in personal or professional life.

If the outcome of the decision is in favor than the opportunity cost is in benefit and if the decision has consequences than the opportunity cost is in loss.

Thus, option C is correct.

For more details about Opportunity cost, click here:

brainly.com/question/20446148

#SPJ1

4 0
3 years ago
Today, Jamie, a police officer with a big-city force, apprehended a suspect
HACTEHA [7]
<h3><u>Full Question:</u></h3>

Today, Jamie, a police officer with a big-city force, apprehended a suspect

fleeing the scene of a convenience store robbery. The suspect ran for three

blocks before Jamie managed to tackle and handcuff him and read him his

rights, by which time other officers had arrived on the scene to take him

down to the station for booking. Jamie later described the situation to family

and friends as "all in a day's work," but in organizational terms this is an

example of

The options are:

A) job performance.

B) citizenship behavior.

C) routine task performance.

D) creative task performance.

E) adaptive task performance.

Adaptive task performance.

<h3><u>Explanation:</u></h3>

The process by which the individual transforms the resources of organisation into some useful goods and services is called task performance. When the task demand for a particular product or services is in a known pattern and routine in nature it is called as routine task performance.

In an adaptive task performance, there will an unpredictable way of responses form the employees. this is also called as adaptability. The task demand will not be usual in this case. The scenario given can be considered as an Adaptive task performance in terms of an organisational context.

4 0
3 years ago
1. Which method of job-searching has been shown to have the highest success rate. a. Cold-calling potential employers b. Using a
daser333 [38]

Answer:

The correct answer is letter "D": Networking.

Explanation:

According to an article published by Forbes in September 2016, networking is the method of job-searching with the highest rate of success. Individuals asking to their close environment -whether families or clubs- about job positions that may fit their skills 33% of the time end up being hired. The second place is for <em>agency firms</em> with 28% of success rate followed by <em>answering newspaper ads</em> with a 24% success rate.

5 0
3 years ago
Other questions:
  • Wexpro, Inc., produces several products from processing 1 ton of clypton, a rare mineral. Material and processing costs total $6
    5·1 answer
  • How might a recent college graduate's investment portfolio differ from someone who is nearing retirement
    9·2 answers
  • On October 1, 2018, Ellington Company establishes an imprest petty cash fund by issuing a check for $200 to Erin Angelo, the cus
    10·1 answer
  • Suppose Rosa is a sports fan and buys only baseball caps. Rosa deposits $3,000 in a bank account that pays an annual nominal int
    9·1 answer
  • Implementation of the marketing concept requires a firm to obtain information on what customers needs are and how those needs ar
    7·1 answer
  • Managerial accounting reports are a.prepared according to management needs b.prepared according to GAAP c.related to the entire
    7·1 answer
  • Taste-T Company has been in business for 30 years and has developed a large group of loyal restaurant customers. Down Home Foods
    9·1 answer
  • Catherine inherited a lot of money and decided to start a business. She has purchased a building, bought tools and machinery, an
    13·1 answer
  • Yes or no. Is the Broker website powered by MLS data?
    14·1 answer
  • Indicate the most likely effect of the following changes in credit policy on the receivables turnover ratio (+ for increase, - f
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!