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Yuki888 [10]
4 years ago
6

A firm has net income of $38,000, preferred stock dividends of $10,000, and common stock dividends of $8,000. The firm has 10,00

0 shares of common stock outstanding that sells for $46 a share. What is the price-earnings (PE) ratio?
Business
1 answer:
charle [14.2K]4 years ago
5 0

Answer:

16.43 times

Explanation:

The computation of the price-earnings ratio is shown below:

Price-earnings ratio = (Market price per share) ÷ (Earning per share)

where,

Earning per share is

= (Net income - preferred stock dividends) ÷ (common stock outstanding)

= ($38,000 - $10,000) ÷ (10,000 shares)

= ($28,000) ÷ (10,000 shares)

= $2.8 per share

So, the price earning ratio would be

= ($46) ÷ ($2.8)

= 16.43 times

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Consider the following limit order book for a share of stock. The last trade in the stock occurred at a price of $70. Limit Buy
harkovskaia [24]

Answer:

<u><em>$69.80</em></u>

Explanation:

Note, a market order is an order designed to execute an order immediately by <em>matching the best available price</em> on the sell order list.

When we look carefully at the sell order book, we observe that the only sell order containing the specified quantity of 120 units of shares at a price close to the market price is <u>$69.80.</u> Even though there are other cheaper orders are available, their order quantity does <em>not </em>match the market buy order for the 120 shares and thus would not be filled.

7 0
3 years ago
Mary's Baskets Company expects to manufacture and sell 24 comma 000 baskets in 2019 for $ 7 each. There are 2 comma 000 baskets
denis23 [38]

Answer:

The budgeted sales revenue is : $168,000

Explanation:

In 2019, as Mary's Basket Company has the opening Inventory balance of 2,000 baskets; projects to manufactures 24,000 baskets, plans to maintain ending inventory at $2,000 baskets without any work-in-process inventory; We have the baskets available for sales in the year of 2019 is:

  Actual Ending Balance of 2018 + Projected manufactured baskets during the year 2019 - Planned ending Balance of the year 2019 = 2,000 + 24,000 - 2,000 = 24,000

The unit price is projected at $7.

Thus, we have the projected sales revenue is:

  Projected Unit price x Projected baskets available for sales = 7 x 24,000 = $168,000

7 0
3 years ago
Hey guys, what is the best vacation you ever had? Tell me all about it, mine was when i went to myrtle beach south carolina with
alekssr [168]

Answer:

Hey my best vacation was to India when I had visited a lot of places and temples.....I had also a great time with my family....I had eaten fresh mangoes that grew in my farm....I miss those days

5 0
3 years ago
​J&amp;A Corporation has a monthly target operating income of $ 45 comma 900. Variable expenses are 10​% of sales and monthly fi
rewona [7]

Answer:

1.37

Explanation:

Given that

Operating income = $45,900

Variable expenses = 10%

Fixed expenses = $17,100

The calculation of operating​ income is shown below:-

Contribution margin = Operating income + Fixed expenses

= $45,900 + $17,100

= $63,000

So, Operating leverage = Contribution margin ÷ Operating income

= $63,000 ÷ $45,900

= 1.37

4 0
4 years ago
Stephanie, a manager, came into your office last week to complain about her employees. "I just don’t get the respect I deserve,"
Grace [21]

Answer:

A. Coercive

Explanation:

Stephanie, the manager seems to be demanding respect from her subordinates in a forceful way.

To coerce means to persuade an unwilling person to do something by threats or force.

Stephanie is frustrated because her method of coercion has failed to work on her subordinates so she has gone to report to a higher authority.

8 0
3 years ago
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