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Nitella [24]
3 years ago
13

​Ketchen, Inc. provides the following information for​ 2018: Net income ​$290,000 Market price per share of common stock ​$70 pe

r share Dividends paid ​$190,000 Common stock outstanding at Jan.​ 1, 2018 ​150,000 shares Common stock outstanding at Dec.​ 31, 2018 ​240,000 shares The company has no preferred stock outstanding. Calculate the​ price/earnings ratio of common stock.​
Business
1 answer:
Alenkinab [10]3 years ago
5 0

Answer:

Earnings per share = Net income/No of ordinary shares outstanding at the end of the year

Earnings per share = $290,000/240,000 shares

Earnings per share = $1.21

Therefore, Price-earnings ratio = Market price per share/Earnings per share

                  Price-earnings ratio = $70/1.21

                  Price-earnings ratio = 57.85

Explanation: First and foremost, there is need to calculate earnings per share by considering the net income and then divide it by the number of common stocks outstanding at the end of the year. Price-earnings ratio is obtained by dividing the market price per share by earnings per share.

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The Procter & Gamble Company is a major producer of bar soaps. In fact, Procter & Gamble produces Ivory,Camay, Lava, Saf
Jet001 [13]

Answer: (D) Product line

Explanation:

 The product line is basically refers to the group of the product in which the similar company or organization selling their products and brands.

In the product line concept, the companies are basically expanding their business by selling their existing products according to the customer requirement and the usability. It is also known as marketing and the product strategy for increase their productivity.

Therefore, Option (D) is correct.    

5 0
3 years ago
Problem 13-46 (LO. 6) In 2018, Maria records self-employed earnings of $135,000. Using the format illustrated in the text, compu
kifflom [539]

Answer:

Payable tax 9.154, equal to the tax deduction 9,154

Explanation:

Net earnings from self-employment is $135.000

Multiply earnings by 92.3%

= 135.000 * 0.9235

= 124.672,5

If the amount after multiplication is in excess of $118.500, in such case the excess of amount over 118.500 should be multiplied by 2.9%

= 124.672,5 > 118.500

The difference between both amounts is 179.

Add: to the above amount tax on social security portion and medicare portion 15.3%$ on 118.500 which is the ceiling limit.

118.500 * 15.3%

=18.130.5 + 179

=18309.5

Therefore, the tax is 18309.5

Deduction of 50% on the tax can be claimed

Therefore, deduction is 9.154.

Thus, the tax payer can be benefited from the self-assessment tax deduction.

3 0
3 years ago
In a small country, the adult population equals 10,000. In that country, 10,000 people are in the labor force and 7000 people ar
Neporo4naja [7]

The unemployment rate is calculated by dividing the overall labor force's size by the number of jobless people, then multiplying the result by 100.

In light of the incomplete facts, the answer is: it is unknown.

<h3>How is the size of the labor force determined?</h3>

An estimation of the size of the labor force in an economy is the labor force participation rate. The calculation is the proportion of the working-age non-institutionalized population, aged 16 and older, who are employed or actively looking for work.

<h3>How are the numbers for those not working determined?</h3>

Divide the total civilian noninstitutional population by the number of people who are employed or actively seeking employment to find the formula for the labor force participation rate.

To know more about unemployment rate visit:-

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3 0
11 months ago
In the beer industry, advertising continues throughout the year but may increase at holiday periods such as Memorial Day, Labor
Sunny_sXe [5.5K]

Answer:

<u>Pulsing </u>

Explanation:

Pulsing refers to an advertisement scheduling strategy, whereby advertising for products operates at low level throughout the year, except for special days and occasions wherein the products get massively advertised.

During peak seasons, the products get heavily advertised.

In the given case, the beer industry follows such advertisement schedule whereby throughout the year advertising is conducted at a moderate level and during peak days witnesses a substantial jump.

Such an advertisement schedule is referred to as Pulsing.

6 0
3 years ago
On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The tran
klasskru [66]

Answer:

A.

DR Foreign Currency Transaction loss 1,000

CR Accounts Payable (SFr) $1,000

Explanation:

When the transaction was agreed on September 3, 20X8, the exchange rate was;

$0.85  : 1 franc

Therefore the $17,000 was valued at;

= 17,000/0.85

= 20,000 francs

When the transaction was paid for however, on October 10, the Franc had gained on the dollar by;

= 0.9 - 0.85

= $0.05

This means that the dollar got weaker by $0.05 so the company made a loss of

= 20,000 francs * 0.05

= 1,000 francs

This will be recorded as;

DR Foreign Currency Transaction loss 1,000

CR Accounts Payable (SFr) $1,000

7 0
3 years ago
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