Answer:
It is 15.68 times
Explanation:
Price-Earnings Ratio = Market Price per share (MPS)/Earning per share (EPS).
Where EPS = $231,971 /55,100
= $4.21
Hence, Price-Earnings Ratio = 66/4.21
=15.68 times
P/E ratio shows the expectations of the market and is the price you pay per unit of current earnings.
The ratio is as well being used for valuing companies and to find out whether they are overvalued or undervalued most especially by the investors.
Answer:
Closed shop
Explanation:
A closed shop involves an agreement where the employer only recruits Union members. The workers must remain Union members as long as they work with the employer.
Legality of closed shop varies from country to country.
I'm this instance, Atalanta Industries agrees to hire only those workers who were already members of the Electrical Union. This is a closed shop situation.
Closed shop was declared illegal by the Taft-Hartley act in 1947.
Answer: See explanation
Explanation:
The entry is prepared below:
Sep-01
Dr Cash $420
Cr Sales revenue $420
(To record the mower sales)
Sep-01
Dr Cost of goods sold $120
Cr Finished goods inventory $120
(To record the cost of mower sales)
Sep-01
Dr Warranty expense (6% x $420) = $25.20
Cr Warranty liability $25.20
(To record the estimated warranty expense)
Jan-24
Dr Warranty liability $29
Cr Repair parts inventory $29
(To record the cost of warranty repairs)
Answer:
The answer is C. A motion for summary judgment
Explanation:
A motion for summary judgment in law is a situation where if party A sues party B and party B believes the case has no facts, it tells the court to rule that party A has no case because of the absence of facts.
Party B files this motion in order that the case may not be brought before a jury or that the jury should rule in its favour. This is of course backed by facts and evidence from party B.
So, in the question above, Cruise Line Inc. believes Beth has ignored the facts of the case and that they (Cruise Line Inc.) can prove it with sworn statements from witnesses, hence the need for filing a motion for summary judgement with the court will arise.
