The market-to-book ratio is 1.59%
<h3>How does market to book ratio work?</h3>
A financial valuation statistic called the Market to Book Ratio, commonly known as the Price to Book Ratio, is used to assess how a company's current market value compares to its book value. The current stock price of all outstanding shares represents the market value (i.e. the price that the market believes the company is worth).
<h3>How do you interpret a high market to book ratio?</h3>
A high book-to-market ratio could indicate that the stock of the company is being valued by the market below its book value. The price-to-book ratio, which is only the opposite of the book-to-market ratio formula, is well-known to investors.
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<span>Solution:
Total cost of van = market cost of van + 6% sales tax on market cost + document verification fees
6% sales tax on market cost = market cost x 0.06 = 26857 x 0.06 = 1611.42
Total cost of van = 26857 + 1611.42 + 250 = 28,718.42
20% of total cost of van = 5843.684
Remaining amount = Total cost of van - initial financing = 22,974.74 dollars
Hence 22,974.74 dollars is the total amount that Williams family is financing.</span>
Answer:D Product line
Explanation: A product line is the variety of related products that has the same uses and produced by a particular manufacturer. Product line is a part of the product mix.
Product line is a strategy used by a manufacturer to keep its consumers by manufacturing closely related product for the same use by consumers.
Answer:
Telemarketing
Explanation:
Telemarketing involves the use of telecommunications devices like telephone, internet, and fax to market commodities to potential buyers. Telemarketers are the ones that usually do the marketing of the goods and services, but it now more of automated telephone calls or robocalls.
The advantages of telemarketing is that it saves time and cost, and it is also convenient. However, it has a major demerit which is the fact that allow of scams and fraud are now being committed through it.
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Answer:
Explanation:
1. The journal entry for declaration of dividend is shown below:
Retained Earnings A/c Dr
= (8,600 million shares × $0.18 per share) = $1,548 million
To Dividend payable in cash $1,548 million
(Being dividend is declared)
2. No journal entry should be passed on the record date
3. The journal entry for payment of the cash dividend is shown below:
Cash dividend payable A/c Dr $1,548 million
To Cash $1,5480 million
(Being payment is made for cash dividend)