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konstantin123 [22]
3 years ago
11

KBJ has total assets of $613,00. There are 21,000 shares of stack outstanding with a market value of $13 a share. The firm has a

profit margin of 6.2 percent and a total asset turnover of 1.08. What is the price-earnings ratio?A) 6.38B) 7.99C) 6.65D) 5.12E) 7.41
Business
1 answer:
olga nikolaevna [1]3 years ago
4 0

Answer:

6.65

Explanation:

Firstly, we need to calculate company revenue as below;

Asset turnover  = Company revenue/Company Asset => Company revenue =  Company Asset x Asset turnover = 613,000 x 1.08 = 662,040.

Next, we will calulate company net income as below:

Net profit margin = Net income/Company revenue => Net income = Net profit margin x Company revenue = 6.2% x 662,040 = 41,046.48.

Finally, price-earnings ratio is calulated as below:

Price-earnings ratio = Stock price/Earning per share = 13/(41,046.48/21,000) = 6.65

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Monica wants to sell her share of an investment to Barney for $80,000 in 5 years. If money is worth 6% compounded semiannually,
Fittoniya [83]
Answer: $59,780.65

Explanation:

To find out what she would accept today, we need to apply the present value formula which is= V.P(1+i)^-n

So, $80,000(1+6%)^-5= $59,780.65
7 0
3 years ago
A wire having a mass per unit length of 0.440 g/cm carries a 1.50-A current horizontally to the south. (a) What is the direction
coldgirl [10]

Answer:

B = 0.287  Tesla

According to thumb rule the direction of magnet is to the east.

Explanation:

F = BiL sin∅

note that F = mg

B = magnetic field

i = current

therefore,

mg = BiLsin∅

Make B subject of the formula

B = mg/iLsin∅

m/L = mass per length of the wire and it is given in gram per centimeter . It should be converted to kg per meter.

m/L = 0.440 g/cm

convert to kg/m = 0.440 × 0.001 kg × 100 m = 0.044  kg/m

B = 9.8 × 0.044 / sin 90 × 1.50 × 1

B = 0.4312/ 1.50

B = 0.28746666666

B = 0.287  Tesla

According to thumb rule the direction of magnet is to the east.

4 0
3 years ago
Explain the following factors that influence the choice of funding: risk
konstantin123 [22]

Risk is the major factor to consider when deciding the funding, when funds are provided it is a risk that whether the funds will be received or not.

<h3>What is Risk?</h3>

Risk is the threat of being unable to receive the funds back, this is the highest level of risk, there are many small risks too, but the highest level is losing the money.

There could be a small portion of loss of money or sometimes the debtor completely defaults so not a single penny is retrieved.

Funding is a choice and the debtor should be chose according to the risk appetite of the investor or lender on money.

There are investors who are risk averse are not willing to take the risk and fine with the less amount of returns and there are risk takers, who want high returns in return of high risk of defaulting.

Learn more about Risk at brainly.com/question/27331968#SPJ1

6 0
2 years ago
All of Ameliorate Inc.'s sales are on account. 60% of the credit sales are collected in the month of sale, 30% in the month foll
Sidana [21]

Answer:

Total cash collection= $530,000

Explanation:

Giving the following information:

<u>Sales:</u>

February $500,000

March $400,000

April $600,000

60% of the credit sales are collected in the month of sale, 30% in the month following sale, and 10% in the second month following the sale.

<u>Cash collection April:</u>

Cash collection credit sales from April= (600,000*0.6)= 360,000

Cash collection credit sales from March= (400,000*0.3)= 120,000

Cash collection credit sales from February= (500,000*0.1)= 50,000

Total cash collection= $530,000

6 0
3 years ago
Acme-Jones Corporation uses a weighted-average perpetual inventory system. August 2, 24 units were purchased at $23 per unit. Au
Gnoma [55]

Answer:

Cost of goods sold= $816

Explanation:

Giving the following information:

Acme-Jones Corporation uses a weighted-average perpetual inventory system.

August 2: 24 units were purchased at $23 per unit.

August 18: 40 units were purchased at $25 per unit.

On August 29: 34 units were sold.

Weighted-average= (23 + 25)/2= $24

Cost of goods sold= 34*24= $816

5 0
3 years ago
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