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crimeas [40]
4 years ago
6

Flex Co. just paid total dividends of $1,100,000 and reported additions to retained earnings of $3,300,000. The company has 725,

000 shares of stock outstanding and a benchmark PE of 17.4 times. What stock price would you consider appropriate
Business
1 answer:
Ainat [17]4 years ago
3 0

Answer:

$105.60

Explanation:

Given: Total dividend paid= $1100000.

           Retained earning= $3300000.

           Number of outstanding shares= 725000.

           PE ratio= 17.4 times.

First finding earning per share.

Formula; EPS= \frac{(paid\ dividend+ additional\ retained\ earning)}{number\ of\ outstanding\ shares}

⇒ EPS= \frac{(1100000+3300000)}{725000}

⇒ EPS= \frac{4400000}{725000}

∴ EPS= \$ 6.0689 \approx \$ 6.07

Hence, earning per share (EPS)= $6.07.

Now, finding the appropriate stock price.

Price of stock= EPS\times PE

⇒ Price of stock= \$ 6.07\times 17.4

∴ Price of stock= \$ 105.60

Hence, $105.60 would be the appropriate price of stock.

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Alain mire files a single tax return and has adjusted gross income of $304,000. his net investment income is $53,000. what is th
scoray [572]

Answer:

$2,014

Explanation:

Alain's net investment income tax is the lesser of 1) his net investment income ($53,000) or 2) his modified adjusted gross income less the threshold of $200,000 .

Therefore

$304,000 - $200,000 = $104,000

3.8%×$104,000= $3,952

($53,000 × 3.8% )= $2,014

The additional tax that alain will pay on his net investment income for the year is $2,014

4 0
4 years ago
A consumer products company has already reviewed its objectives and capabilities, established the screening criteria for reviewi
Ira Lisetskai [31]

The international planning process is a measure used by companies that wish to expand their businesses to other countries. After the first stage of analyzing and screening the new market, the consumer products company should move to the next phase which is;

  • Evaluating the marketing mix to target markets.

There are 4 phases in the international planning process which include; analysis and screening, adoption of the correct market mix, development of a marketing plan, and implementation/control.

For the consumer products company above that has established the screening criteria, they must ensure that they adopt the right market mix that will suit the organization.

This means that the product, place, price, and promotion should be right.

Learn more here:

brainly.com/question/16739611

6 0
3 years ago
How do you contribute to uneployment if you do not pay tax?
luda_lava [24]
As long as one started working, he/she is then responsible to paying taxes to the government or to the state. The tax that he is paying is used for the programs planned by the government for the sake of the citizens. If you have been working but is not paying tax, it just seems that you have not worked at all. You will not have any record of being a tax payer and the government will count you in as someone who is unemployed. 
5 0
4 years ago
Most goods in the economy are _____.(A) a natural monopolies. (B) public goods.(C) common resources. (D) private goods.
Angelina_Jolie [31]

Answer:

(D) private goods.

Explanation:

Goods is a material that, in economic theory, satisfies people's wishes and provides usefulness. Goods and services are different. In economic theory all goods are considered material, but in reality such goods as information (or information) are non-material goods. For example, although Apple is a tangible asset among other commodities, news is related to non-material class goods and can only be perceived through tools such as Computer and Printing. Material goods such as apples differ from non-material goods as information in terms of the impossibility of a person to keep the other physically, while the former occupies a certain physical area. Intangible goods differ from services in the sense that they are transferable or sold. Price elasticity also differentiates the types of goods. Elastic goods are commodities where there are major changes in quantities due to small changes in the price and, therefore, relate to the family of substitute goods; For example, consumers will prefer to buy pencils, such as pencil shields. Intangible goods are few and no substitutes, such as racing tickets, artist's original work, and medical supplies such as insulin. Complementary goods are more elastic than substitutes. It depends on which commodity is substituting or complementary to other goods.

Private goods are both excludable and rival in consumption. Most goods in the economy are private goods. A private commodity or goods is a product to be purchased for consumption and prevents the consumption of another by one person. In other words, when there is competition between people for the sake of good, good is something special or private, and consuming good prevents one from consuming it.

5 0
4 years ago
The reason a professional such as a lawyer or doctor would incorporate his/her business is
Nesterboy [21]

Answer:

(3) to protect his/her other assets with limited liability.

Explanation:

The reason a professional such as a lawyer or doctor would incorporate his/her business is to protect his/her other assets with limited liability. Limited liability will be very good option for the professionals such as lawyer and doctors because it provides a sense of security. Limited liability secures the owners from any kind of loss if happens in business. Although, it is obviously much costlier but personal assets of the owners are also secured in the case if the business goes bankrupt therefore, it is the very best option for the professionals.

7 0
3 years ago
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