Answer:
Company A's price per share is $45
Explanation:
The P/E ratio of one company can be used by investors and analysts to determine the value of another companie's stock in the industry. This is called apples-to-apples comparism.
The P/E ratio is used to value a company by comparing its share price to earnings per share.
P/E ratio= market value of shares/ earnings per share
For company B
P/E ratio= 30/2= $15
Using company B's P/E ratio as a benchmark for company A
15= Price per share /3
Price per share = 15*3= $45
Answer:
The retained earnings statement showed a closing retained earnings of $226,120.00 as at 2017 year end.
Explanation:
In arriving at the closing retained earnings , I treated prior items retrospectively- that is as if the impact of such items have been in the accounts from day one,less the tax effect of all items involved.
For instance ,I deducted the understatement of depreciation in 2015 less of tax impact of 40%
Kindly find attached for details.
Brings income and makes the economy better
Answer:
Hey my best vacation was to India when I had visited a lot of places and temples.....I had also a great time with my family....I had eaten fresh mangoes that grew in my farm....I miss those days
Answer:
$831,600
Explanation:
The budget must account for all of the production of the first quarter and 20% of the production of the second quarter, the number of boots considered in the budget is:
Assuming that each boot uses exactly 2kg of raw material and that the company has 19,200 kg on hand, the amount of raw material still required is:
If the cost per kg is $9, then the budgeted materials purchases cost for the first quarter is:
The budgeted materials purchases cost is $831,600.
