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3 years ago

Which change should be made to the above cover letter excerpt before sending it to an employer

Business

2 answers:

Akimi4 [234]3 years ago

8 0

B. The author should remove the background color from the letter.

choli [55]3 years ago

3 0

Hey I don't see a picture or anything can you please post the picture

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"Makers Corp. had additions to retained earnings for the year just ended of $213,000. The firm paid out $183,000 in cash dividen

yuradex [85]

Answer:

Dividends per share is $1.66

Book value per share is $44.36

Market-to-book ratio is 1.42

Price-earnings ratio is 32.54

Price-sales ratio is 1.97

Explanation:

1 ) What are dividends per share?

Dividends per share = cash dividends/ number of shares = $183,000/ 110,000 = $1.66

2) What is the book value per share?

Book value per share = total equity/ number of shares = $4,880,000 / 110,000 = $44.36

3) If the stock currently sells for $63 per share, what is the market-to-book ratio?

Market-to-book ratio = $63/ $44.36 = 1.42

4) What is the price-earnings ratio?

The price of Makers Corp. = market price * number of shares = $63* 110,000 = $6,930,000

Price-earnings ratio = $693,000/ $213,000 = 32.54

5) If the company had sales of $3.52 million, what is the price-sales ratio?

Price-sales ratio = market price/ sales = $6,930,000/ $3,520,000 = 1.97

6 0

3 years ago

ABC Corp. has just paid a dividend of $0.26. ABC has an annual required return of 12%.

Elis [28]

Answer:

a. If dividends are annual and expected to be constant, what is the intrinsic value (fair price) of ABC stock?

P₀ = $0.26 / 12% = $2.16667 = $2.17

b. What is ABC's dividend yield?

$0.26 / $2.17 = 12%

c. From now on, assume that the dividend of 0.26 was a quarterly dividend. What is the quarterly discount rate?

12% / 4 = 3%

d. What is the intrinsic value if dividends are constant and quarterly?

P₀ = $0.26 / 3% = $8.66667 = $8.67

e. We now think that dividends will grow by 0.3% from quarter to quarter. The firm just paid the quarterly dividend of 0.26. What is the intrinsic value of ABC stock?

P₀ = ($0.26 x 1.003) / (3% - 0.3%) = $9.6585 = $9.66

f. A different analyst thinks that ABC's dividends will grow by 5% for the next 4 quarters, and then grow by 0.3% thereafter. What is the intrinsic value?

Div₀ = $0.26

Div₁ = $0.273

Div₂ = $0.287

Div₃ = $0.301

Div₄ = $0.316

Div₅ = $0.317

terminal value in 4 quarters = $0.317 / (3% - 0.3%) = $11.74

P₀ = $0.273/1.03 + $0.287/1.03² + $0.301/1.03³ + $0.316/1.03⁴ + $11.74/1.03⁴ = $0.265 + $0.271 + $0.275 + $0.281 + $10.43 = $11.522

8 0

3 years ago

For most careers, which degree will likely result in the highest lifetime earnings

oksian1 [2.3K]

A Masters Degree Because with that you can get any job you want

6 0

3 years ago

Read 2 more answers

Price taking behavior for a firm means that:

erma4kov [3.2K]

Answer:

d. the firm has no individual effect on the market price.

Explanation:

Price taker -

It refers to the company or an individual who need to get the prevailing price of the market and have lesser market share , is referred to as price taker .

The price taker does not have the capability to alter the market price , because it does not have enough power to do the same .

A price taker can be any one in the economy , and can freely take entry and exit .

Hence, from the given information of the question,

The correct option is d.

5 0

3 years ago

SportsWorld purchased a delivery van for $23,000 with a residual value of $3,000 on September 1, 2019. The van has an estimated

baherus [9]

Answer:

$1,333

Explanation:

The computation of the deprecation expense is shown below:

= (Original cost - residual value) ÷ estimated useful life

= ($23,000 - $3,000) ÷ 5 years

= $4,000

This $4,000 depreciation expense come for a year but the asset is purchased on September 1, 2019 and the books are closed on December 31, 2019

So, the four months depreciation expense would be

= Yearly depreciation expense × number of months ÷ (total number of months in a year)

= $4,000 × (4 months ÷ 12 months)

= $1,333.33

The four months is calculated from September 1 to December 31

8 0

3 years ago