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
Over time, 3M has relied on the results-only-work-environment (ROWE) framework and has morphed into a highly science-driven inno
katrin [286]

Answer: output controls.

Explanation:

The real-world scenario best illustrates output controls. Output control refers to the technique that is used in analysing the output that is provided by a firm.

Output control focuses on the measurable results that are within an organization. Since the company encourages its employees to spend 15 percent of their time on projects of their own choosing and the ones who looks promising are financed to develop their commercial potential, this refers to output controls.

6 0
3 years ago
Consider Paul's decision to go to college. If he goes to college, he will spend $90,000 on tuition, $15,000 on room and board, a
Katen [24]

Answer:

B. $123,000

Explanation:

The computation of the Paul's cost of going to college is presented below:

= Tuition fees + room and board charges + books expenses + earning as a construction job - room and board charges

= $90,000 + $15,000 + $7,000 + $22,000 - $11,000

= $123,000

We simply deduct the room and board charges while working as a construction job and the other items would be added

4 0
4 years ago
__________ and ________ are stimulus preference assessment methods, while ________ and __________ are reinforcer assessment meth
jekas [21]

Answer:

The correct answer is A. Free-operant, trial-based; concurrent schedules, multiple schedules

The correct full sentence is:

Free operant and trial-based are stimulus preference assessment methods, while concurrent schedules and multiple schedules are reinforcer assessment methods.

7 0
3 years ago
The first economist was:​
Roman55 [17]

Adam Smith was the first

8 0
3 years ago
For each separate case, record an adjusting entry (if necessary). Barga Company purchases $32,000 of equipment on January 1. The
scoundrel [369]

Answer:

<u>Equipment:</u>

                                                  Dr.       Cr.

Depreciation Expense          $5,520

Accumulated Depreciation                $5,520

<u>Land:</u>

Land never depreciates, so there is no adjusting entry for the Land purchased on year end.

Explanation:

Year end is not given in the data so, it is assumed the December 31 is the end of the year

Equipment

Depreciation  for the year = ( Purchase price - Residual value ) / useful life

Depreciation  for the year = ( $32,000 - $4,400 ) / 5 years

Depreciation  for the year = $5,520

8 0
3 years ago
Other questions:
  • The rate that a state assigns reflecting a company's stability or instability in employing workers is the:
    12·1 answer
  • Using the plant Oenothera lamarckiana, or Evening Primrose, Hugo de Vries discovered stable new variants in multiple generations
    14·1 answer
  • Which of the following would not be an adjustment to net income using the indirect method? An increase in accounts receivable. A
    8·1 answer
  • Which of the following is true of innovation? a. Innovations are less likely to come from small businesses than from big busines
    13·1 answer
  • Heights of adult women are distributed normally with a mean of 162 centimeters and a standard deviation of 7 centimeters.
    14·1 answer
  • On January 1, Year 2, Grande Company had a $66,800 balance in the Accounts Receivable account and a $2,000 balance in the Allowa
    11·1 answer
  • Suppose that a certain country has an MPC of 0.8 and a real GDP of $400 billion. If its investment spending decreases by $5 bill
    9·1 answer
  • Diusitech Inc. Income Statement For the Year Ending on December 31 (Millions of dollars)
    11·1 answer
  • General Motors (GM) is trying to reinvent the Cadillac brand with new car designs and a new brand story. They commission McCann
    15·1 answer
  • An initial deposit of $5000 is put into an account that earns 4% interest, compounded annually. Each year, an additional deposit
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!