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
Blizzard [7]
3 years ago
8

Tito Corporation had net income of $2,000,000 and paid dividends to common stockholders of $300,000 in 2017. The weighted averag

e number of shares outstanding in 2017 was 400,000 shares. Tito Corporation's common stock is selling for $50 per share on the NASDAQ. Tito Corporation's price-earnings ratio is:_________
a. 10 times.
b. 4 times.
c. 12.5 times.
d. 3 times.
Business
1 answer:
Sidana [21]3 years ago
8 0

Answer:

a. 10 times

Explanation:

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

Earning per share = Net income ÷ Weighted average shares outstanding

= $2,000,000 ÷ 400,000

= 5

Price earning per share = Market price per share ÷ Earning per share

= $50 ÷ 5

= 10 times

Therefore for computing the price earning per share we simply applied the above formula.

You might be interested in
What does the E in the personality type abreviations stand for
alina1380 [7]

Answer:

Extraversion / Extravert

Explanation:

This means the persons personality is outgoing and open to the world. They do not keep to themselves but instead are usually unreserved.

I hope this helps!

-TheBusinessMan

3 0
3 years ago
Sarah, a manager at Ackles Inc, plays pranks on her subordinates in an attempt to make the workplace livelier. She trusts her su
coldgirl [10]

Answer:

B) The country club style

Explanation:

Based on the scenario being described within the question it can be said that the leadership style being used is known as the country club style. This style focuses on showing most concern for employees and less concern for production processes, with the main idea that if individuals are happy with their job position then they will work harder which will in term, increase production.

7 0
3 years ago
Read 2 more answers
Many ironworkers are also experienced in what other skills? (Select all that apply.)
Artyom0805 [142]
Welding because their constantly working on metal
7 0
3 years ago
Delta Company performed $20,000 of services on account and recorded the amount due as a typical account receivable. Over time, i
Llana [10]

Answer:

D) No impact on the accounting equation.

Explanation:

  • Nothing would happen since the amount to be received would remain the same i-e $20,000, so there is no chance for increase in liabilities. Moreover, the there is no new services so that asset should be impacted.
  • What there has been done is just classifying the payment which the Delta thought that they would receive earlier, but now it is being realized that it will take long, so just to not make any mistake or confusion for future this was done.
3 0
3 years ago
A city government purchased a new fire truck in Year 1 for $270,000. The city incurred an additional $ 30,000 in transportation
erica [24]

Answer:

correct option is  $0

Explanation:

given data

purchased  truck = $270,000

transportation and calibration costs = $30,000

life = 20 years

financed period = 15 year

solution

we know here that some expenses like insurance and depreciation etc is allocated by systematic and the rational procedure for some period

so that during that period related asset is expected to provide the benefit

and acquisition of capital asset is not record as expenses

we know  appropriate property and  plant or the equipment assets account are debit on  purchases

so that Depreciation expenses are recorded to reflect the allocation of costs of the asset to operation over service life of assets

so here correct option is  $0

6 0
3 years ago
Other questions:
  • Smitty Museum purchased the copyright to a piece of artwork for $925,000. Smitty plans to reproduce 2.1 million posters of the a
    8·1 answer
  • The crusades sped up and significantly increased the breakdown of the:
    13·1 answer
  • Who files one of the 1040 series of tax forms??
    14·2 answers
  • On May 31, 20X1, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the ent
    6·2 answers
  • Which of the following statements about pricing objectives is true? unit volume is not a type of pricing objective because it is
    6·1 answer
  • Need help in personal finance.
    12·1 answer
  • Knowledge Check 01 Addison Corporation is considering the purchase of equipment that would increase sales revenues by $250,000 p
    10·2 answers
  • Granger Corporation had $208,000 in sales on account last year. The beginning accounts receivable balance was $25,000 and the en
    10·1 answer
  • A core aspect of marketing involves a(n) , which is a transaction in which things of value are traded by buyers and sellers.
    12·1 answer
  • Pls help me lol
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!