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
Ksenya-84 [330]
3 years ago
11

Jackson company has the following financial information for their most recent fiscal year: Revenues Cost of Sales Interest Expen

se Taxes Long term debt Outstanding Total Equity The company has had an average of 16,000 shares outstanding over the past year and their shares are currently trading in the market at $22 per share. What is their Earnings per share? What is their Price to Earnings multiple? What is their Long Term Debt to Equity Ratio? What is the total Market Value of their shares?
Business
1 answer:
irinina [24]3 years ago
4 0

Answer:

The calculations are shown below

Explanation:

The computations are shown below:

But before that, first we have to prepare the income statement so that the values could come    

Particulars Amount  

Revenues $99,700  

Less: Cost of sales -$64,700  

Gross profit $35,000  

Less: Interest expenses -$1,800  

Earnings before tax $33,200  

Less: Taxes -$11,620  

Net income $21,580  

So, the calculations are shown below:

1. Earnings per share = Net income ÷ Common stock outstanding  

= $21,580 ÷ 16,000 shares    

= $1.35 per share

2. Price earnings ratio = Stock price per share ÷ Earnings per share  

= $22 ÷ $1.35    

= 16.3 times  

3. Long term debt to equity ratio  = Long term debt ÷ Total equity  

= $45,800 ÷ $120,000    

= 0.38 times  

4. Total market value = Number of shares outstanding × Market price per share

= 16,000 shares  × $22    

= $352,000  

You might be interested in
Madison Foods Corp. is frustrated in its efforts to sell products in Europe because several countries are demanding that the com
mixer [17]

Answer: Trade obstacle

Explanation:

From the information given, we can infer that the demands are examples of trade obstacle.

Trade obstacles refers to the barriers which hinder a trade or the restrictions on an international trade. Trade obstacles can be tariffs or other non-tariff methods. Trade obstacles lead to difficulties in the sale of a product to other countries.

4 0
3 years ago
What do different jobs in the marketing career cluster have in common
Tasya [4]

A career cluster is a group of like careers that allow you to pick different types of sections within the same career. Marketing refers to public relations, advertising, sales and planning. Each of these sections are very important to make sure the marketing plan goes as planned and completes what it was intended to do. The cluster of different sections make up the entire marketing career which are essential to make sure the advertising is completed.

4 0
3 years ago
Read 2 more answers
Fleming Company has the following cumulative taxable temporary differences: 12/31/18 12/31/17 $1,600,000 $2,250,000 The tax rate
jeyben [28]

Answer:

Pretax financial income is $3,350,000.00

Explanation:

Fleming's pretax financial income is the taxable income for 2018 plus the increase in cumulative taxable temporary difference in 2018.

Taxable income is $4,000,000

Difference in cumulative  taxable difference=$1,600,000-$2,250,000

                                                                        =-$650,000

pretax  financial income=$4,000,000+(-$650,000)

                                                    =$4,000,000-$650,000

                                                    =$ 3,350,000.00  

The pretax financial income for year 2018 is  $3,350,000.00  

7 0
3 years ago
With brick-and-mortar toy stores closing, board game manufacturers expect to have trouble finding as many consumers interested i
Oxana [17]

Answer:

This is how the market for board games would be affected in the explanation below

Explanation:

Because the manufacturers of the board game expect that the demand for their games would experience a decline, they would have to adjust their Production according to the decline. This is going to shift supply curve to the left, because of the decline in the production. Then equilibrium price would then increase as the quantity decreases because of the shift of the supply curve to the left.

3 0
3 years ago
Ice Cream Corporation uses the weighted-average method in its process costing system. Data concerning the first processing depar
Svetllana [295]

Answer:

Ice Cream Corporation

The cost per equivalent unit for materials for the month in the first processing department is closest to: __________

=  $17.97.

Explanation:

a) Data and Calculations:

                                                                Units    Materials   Conversion

Beginning work in process inventory     900     $13,000        $5,100

Degree of completion                                               75%              20%

 Units started into production              9,600

Total units in production                    10,500

Units completed and transferred       8,500         100%            100%

Ending work in process inventory     2,000           90%              30%

                                                                Units    Materials   Conversion

Beginning work in process inventory     900     $13,000         $5,100

Costs added during the month                         $172,100      $242,100

Total production costs for the month               $185,100    $247,200

Equivalent units of production:

                                                             Units    Materials           Conversion

Units completed and transferred       8,500    8,500 (100%)   8,500 (100%)

Ending work in process inventory     2,000     1,800 (90%)        600 (30%)

Total equivalent units                                      10,300                9,100

Cost per equivalent unit:

                                                           Materials           Conversion

Total production costs                      $185,100           $247,200

Total equivalent units                           10,300                  9,100

Cost per equivalent unit                       $17.97                $27.16

6 0
2 years ago
Other questions:
  • Carla Vista Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses t
    5·1 answer
  • A fábrica Pettinati Brinquedos e Lazer Associados foi obrigada a reduzir seu pessoal em função da perda de um importante cliente
    11·2 answers
  • Some companies want to get their products into as many outlets as possible, understanding that the more exposure a product gets,
    7·2 answers
  • Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint
    10·1 answer
  • If the interest rate on a savings account is 0.02%, approximately how much money do you need to keep in this account for 1 year
    12·2 answers
  • The performer who sits in a chair and burns for “what seems like an eternity” surely feels anxiety and even fear, but then must
    11·1 answer
  • Kaspar Industries expects credit sales for January, February, and March to be $205,100, $263,100, and $314,500, respectively. It
    11·1 answer
  • 1. On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial inves
    7·2 answers
  • 1. apply what you’ve learned - managing credit cards and consumerloans
    13·1 answer
  • The U.S. government agency that advises and assists small businesses by providing management training and financial advice and l
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!