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faust18 [17]
3 years ago
10

Strack Houseware Supplies, Inc. has $531 million in total assets. The other side of its balance sheet consists of $74.34 million

in current liabilities, $138.06 million in long-term debt, and $318.60 million in common equity. The company has 20,700,000 shares of common stock outstanding, and its stock price is $85.00 per share. What is Strack's market-to-book ratio?
Business
1 answer:
Greeley [361]3 years ago
5 0

Answer:

$5.52 (Approx)

Explanation:

Given that,

Total assets = $531 million

Current liabilities = $74.34 million

Long-term debt = $138.06 million

Common equity = $318.60 million

Shares of common stock outstanding = 20,700,000

stock price = $85.00 per share

Book value per share:

= common equity ÷ shares of common stock outstanding)

= $318,600,000 ÷ 20,700,000

= $15.3913043 (Approx)

Market to book ratio:

= Market value per share ÷ Book value per share

= $85 ÷ $15.3913043

= $5.52 (Approx)

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The changes in account balances of the Vel Corporation during Year 6 are presented below: Increase Assets $356,000 Liabilities 1
zzz [600]

Answer:

b. $ 36,000

Explanation:

The fundamental accounting equation is

Assets = Liabilities + Stockholders Equity

Per the data provided in the question regarding changes in account balances

$ 356,000 = $108,000 + (240,000+24,000)

$ 356,000 = $ 372,000

= - ($ 14,000)

Since the data provides that a dividend payment of $ 52,000 has been made, we have to add it to our differential balance to get the income for the year.

$ - 14,000 + $ 52,000  = $ 36,000

6 0
3 years ago
Choose the correct term for each of the following descriptions.
dexar [7]

<u>Explanation:</u>

A. Expenditure on research and development. > Investment decision.

Reasearch and development (R&D) is an investment cost because the results of such research can benefit the company long-term.

B. A bank loan. > Financial asset.

A bank loan involves cash, and could be rightly called a financial asset.

C. Listed on a stock exchange. > Public corporation.

Only public corporations are listed on stock exchange,  an example is Microsoft.

D. Has limited liability. > Corporation

E. Responsible for bank relationships. > The Treasurer.

F. Agency cost. > Agency cost

3 0
3 years ago
Reading market news by non-U.S.-based publications will help:
Leno4ka [110]

Answer:

the answer is C

Explanation:

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7 0
3 years ago
Which three factors should you consider when deciding when and where to compose?
Alexeev081 [22]

Time management, environment, and interruptions are the three factors you should consider when deciding when and where to compose.

Time management: It is important to focus on the work on which you are doing to be a successful researcher. This can only succeed through successive management. Time management which is effective can make you more productive as well as minimize the factors which can affect your time like interruptions and procrastination during composing.

Environment: The best writing environment is necessary while composing. It forces the user to write because humans are social animals and are well motivated by social pressures. when it comes to writing That's a good thing. It urges the user to write more and to stay happier about doing as we are surrounded by other people who are composing.

Interruptions: After an interruption resuming the work is somehow not difficult for simple tasks, but it affects the complex ones.  Interruptions can threaten work resources which will create employee stress, work overload, time famine, and time pressure as per studies.

Learn to know more about musical composition on

brainly.com/question/26373912

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8 0
2 years ago
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,588. The
FromTheMoon [43]

Answer: e) $6,506.04

Explanation:

Employees do not pay FUTA or SUTA. Employers pay those.

Ms. Grant's net pay for the month therefore is;

= Gross earnings - FICA Social Security - FICA Medicare - Federal Income tax withheld

= 8,588 - (6.2% * 8,588) - ( 1.45% * 8,588) - 1,424.97

= 8,588 - ‭532.46 - ‭124.53 - 1,424.97

= $6,506.04‬

3 0
3 years ago
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