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
IrinaVladis [17]
3 years ago
8

Net income (in millions) $150 Shares outstanding (in millions) 300 Stock price $30.00 What is the price-earnings ratio (to the n

earest whole number)?
Business
1 answer:
Aloiza [94]3 years ago
3 0

Answer:

60

Explanation:

price-earnings ratio = price / earnings per share

earnings per share = net income / shares outstanding = $150 / 300 = $0.50

$30 / $0.50 = 60

You might be interested in
Ethier Enterprise has an unlevered beta of 1. Ethier is financed with 55% debt and has a levered beta of 1.1. If the risk free r
tresset_1 [31]

Answer:

The correct answer is 0.4%.

Explanation:

According to the scenario, the computation for the given data are as follows:

If no debt, then required return can be calculated by using following formula:

Required return ( no debt) = Risk free rate + Unlevered Beta × Market risk premium

= 6% + 1 × 4%

= 0.06 + 0.04

= 0.10 or 10%

If debt, then required return can be calculated by using following formula:

Required return ( with debt) = Risk free rate + levered Beta × Market risk premium

= 6% + 1.1 × 4%

= 0.06 + 0.044

= 0.104 or 10.4%

So, extra premium required = 10.4% - 10% = 0.4%

6 0
3 years ago
AJ Manufacturing Company incurred $54,000 of fixed product cost and $43,200 of variable product cost during its first year of op
kvv77 [185]

Answer:

Explanation:

The preparation of the income statement is presented below using the generally accepted accounting Principles (GAAP) :

Sales $176,000

Less: Cost of goods sold ($97,200)         ($54,000 + $43,200)

Gross margin $78,800

Less: Selling and administrative cost ($31,000)    ($17,200 + $13,800)

Net income $47,800

Hence, we considered all the given information

8 0
3 years ago
Metlock, Inc. has 5900 shares of 6%, $50 par value, cumulative preferred stock and 118000 shares of $1 par value common stock ou
MrRa [10]

Answer:

$23900

Explanation:

Given: Cumulative Preferred stock is 5900 shares of 6% at $50.

           Dividend paid in 2019= $11500

First lets calculate the value of preferred stock.

Preferred stock= 5900 shares\times \$ 50\times \frac{6}{100}

∴ Preferred stock= $17700.

Formula:

Dividend received by preferred stockholder= [Preferred\ stock +(Preferred\ stock-Dividend\ paid)]

⇒Dividend received by preferred stockholder=17700+(17700-11500)

⇒ Dividend received by preferred stockholder= 17700+6200= \$ 23900

∴ $23900 dividend received by preferred stockholder in 2020.

4 0
3 years ago
When you organize an analytical report indirectly, in what order should the ideas be presented?
iogann1982 [59]
Numerical order i think that's the right one i have no answer choices to look at<span />
8 0
3 years ago
is starting her own accounting firm and hires , a freelance web designer who specializes in responsive design to build her busin
sasho [114]

Answer:

No, contracts for personal services are not assignable.

Explanation:

According to a different source, these are the options that come with this question:

Yes, as long as the assignment does not increases the burden on Max.

Yes, Claire can assign her obligations under the contract to anyone who accepts.

No, contracts for personal services are not assignable.

No, the assignment is not valid since Max did not give any consideration.

This is most likely not a good strategy for this woman. The fact that this woman has been hired as a freelance web designer means thta the woman is beig paid for her professional expertise. No one else can perform the job in the way that she can perform it. Therefore, she cannot assign this duty to another person.

8 0
3 years ago
Other questions:
  • Eliminating the queue of work dramatically quickens the time it takes apart to flow through the system. What are the disadvantag
    14·1 answer
  • True or false: employers are made worse off but employees are made better off by this law.
    14·1 answer
  • Name two different methods for evaluating evidence. compare and contrast these two methods.
    9·1 answer
  • In order to break a stalemate in peace negotiations, president nixon ordered ground attacks in which country?
    6·2 answers
  • Debt: 5,000 7.2 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bo
    7·1 answer
  • I am free and i am a girl so do u want to be friends maybe??
    10·1 answer
  • Perfect Fit Company sells men's shirts and jeans. The average selling price and variable cost for each product follow: Selling p
    13·1 answer
  • Jim is a lawyer who requires that his clients pay him in advance of legal services rendered. Jim routinely credits Legal Service
    12·1 answer
  • 1. What is the "Term" for the Lease and Financing of a Car mean?
    5·1 answer
  • The capital projects fund of Hood River completed construction of an addition to its city hall at a cost of $4,000,000. The city
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!