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
KIM [24]
2 years ago
5

Rory is the CFO of McIlroy Golf Designs Inc. MGDI earned $13 million last year and maintains a 30% dividend payout ratio. The co

mpany has 2 million shares of common stock outstanding and a P/E ratio of 10. What is the price per share of MGDI's stock
Business
1 answer:
BaLLatris [955]2 years ago
5 0

Answer:

<u>Price per share of MGDI's stock is $78</u>

Explanation:

Earnings per share=Total earnings/Shares of common stock outstanding

=(13/2)=$6.5

PE ratio=Stock price/Earnings per share

Stock price=$6.5*12

=$78.

You might be interested in
A local pet supplies boutique had a good year with rising revenues and reduced operating costs resulting in personal income for
Delvig [45]

Answer:

C. discretionary income

Explanation:

3 0
3 years ago
You saved $500 in currency in your piggy bank to purchase a new laptop. The $500 you kept in your piggy bank illustrates money’s
otez555 [7]

Answer:

The answer to the three fill in the banks as per order given in question are- store of value , unit of account , medium of exchange.

Explanation:

When $500 are kept in piggy bank to buy laptop, it illustrates the store of value function of money. This is a function where money is kept or stored to purchase some item in the future, given money doesn't lose its purchasing power .

The $500 price of laptop shows the unit of account function of money , where money is the standard numerical of measurement for the goods and services or any other transaction in the market.

The $500 which was used to buy the laptop shows the medium of exchange function of money , where money is used as intermediary for exchange of goods and services.

7 0
2 years ago
A classified balance sheet can be described as a balance sheet that: (Check all that apply.) Multiple select question. is more u
telo118 [61]

Answer: 1) organizes assets and liabilities into important subgroups 2) is more useful to decision makers 3) lists current assets in order of how quickly they can be converted to cash

Explanation: see image

4 0
2 years ago
I generally bounce back from tough conversations well, but occasionally find it difficult to be resilient. Agree or disagree
Leona [35]

People can be tough sometimes. I generally bounce back from tough conversations well, but occasionally find it difficult to be resilient. I disagree.

<h3>What is Emotional resilience?</h3>

This is known as the ability of a person to recover quickly from any kind of bad news or traumas as a result of  illness or misfortune.

If a person can bounce back from tough conversations, it means they are strong and despite any point or issue thrown at them, they can withstand and be tough in that situation.

learn more about resilient from

brainly.com/question/911437

6 0
2 years ago
Calculate the IRR of a machine that is purchased for $5,500, sold at the end of year 4 for $2,500, and produces the following ca
prohojiy [21]

Answer:

2.21%

Explanation:

The internal rate of return is the rate of return on the project where the present value of future cash flows equals the initial investment outlay. It is known as the break-even discount rate since, at IRR, the net present value is zero.

The IRR can be determined using the excel IRR function as shown thus:

=IRR(values)

values are the cash flows from years 0-4

Find attached excel file for IRR computation

Download xlsx
5 0
2 years ago
Other questions:
  • _____ determine what sales volume must be reached before the company's total revenue equals total costs and no profits are earne
    7·1 answer
  • Bonita Industries had the following information at December 31: Finished goods inventory, January 1 $120000 Finished goods inven
    12·1 answer
  • Which communication network involves one person acting as a gatekeeper regulating the flow of information?
    15·1 answer
  • Which type of account will typically have the highest interest rates
    9·1 answer
  • For many of the working poor, medical insurance is out of the question. In 2014, approximately __________ of U.S. households wit
    12·1 answer
  • Two investments are made at the same time. The first consists of investing 1480 dollars at a nominal rate of interest of 7.7 per
    6·1 answer
  • The government is generally A. a demander of funds in the financial market. B. not involved in the financial markets. C. a suppl
    6·1 answer
  • Which annual financial statement tells what has been earned, what has been spent, and what is left over?
    7·1 answer
  • We describe the flow of costs in a process costing system and prepare appropriate journal entries to record costs. A process cos
    11·1 answer
  • ) a substance decays 22ach day. after 7 days, there are 9 milligrams of the substance remaining. how many milligrams were there
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!