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
RideAnS [48]
3 years ago
5

Ten years ago, Lucas Inc. earned $0.50 per share. Its earnings this year were $5.00. What was the growth rate in earnings per sh

are (EPS) over the 10-year period?
Business
1 answer:
liberstina [14]3 years ago
3 0

Answer:

25.89%

Explanation:

With regards to the above information, initial earning = $0.50

Final earnings = $5.0

Number of periods = 10 years

We can formulate the above into an equation, which will now be:

$5.00 = $0.5 ( 1 + rate )^ 10

We can simplify furthermore.

1 + rate ^ 10 = 5 / 0.5

1 + rate ^ 10 = 10

1 + rate ^ 10 = 10^1/10

1 + rate = 10 ^ 0.1

1 t rate = 1.2589

rate = 1.2589 - 1

rate = 0.2589

rate = 25.89%

Therefore, the growth rate in earnings per share (EPS) over the 10 year period is 25.89% .

You might be interested in
Cost of Quality Report
yarga [219]

Answer:

Cost of Quality Report

Quality Cost     Quality Cost Percent of Total       Percent of

Classification                                    Quality Cost              Total Sales

Prevention         $23,400               10.0%                   1.3%

Appraisal         $46,800               20.0%                  2.6%

Internal failure $70,200               30.0%                  3.9%

External failure $93,600               40.0%                  5.2%

Total                        $234,000            100.0%                  13.0%

percent of total sale = quality cost/$1,800,000

3 0
3 years ago
Which of the following items might require additional coverages on a Homeowners Policy?
Tanzania [10]

Answer:

c. pool

Explanation:

I think it is right answer of ur Question

5 0
2 years ago
Read 2 more answers
Which of the following is TRUE regarding a dead weight loss.
nikdorinn [45]

Answer:

I'm pretty sure the answer is A

8 0
3 years ago
Every person I have ever met says their favorite pizza is pepperoni pizza. Therefore, I can assume that everyone I ever meet wil
oksano4ka [1.4K]

Answer:

Inductive reasoning

Explanation:

This type of reasoning is considering generalization that is formed and based on some previous experiences and with that previous experiences the observation that is made is forming an inductive reasoning.

In this case, the person met many of them who says that their favorite pizza is pepperoni and then every time that someone say that they love pizza, this person will think of pepperoni pizza because of the previous experiences that caused those observations.

4 0
3 years ago
May 1, 2021, Bibby Company had beginning inventory consisting of 200 units with a unit cost of $7. During May, the company purch
Umnica [9.8K]

Answer:

$7.38

Explanation:

The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.

Average cost per unit = Total Costs ÷ Units available for sale

                                    = (200 x  $7 + 800 x $7 + 600  x $8) ÷ 1,600

                                    = $7.375 or $7.38

The average cost per unit for May is $7.38

4 0
3 years ago
Other questions:
  • The Is financial statements detailing a firm assets liabilities and owners equality
    9·1 answer
  • Fois Company has two divisions, Division X and Division Y. Division X has a production capacity of 5,000 units of a particular p
    6·1 answer
  • If a company is considering the purchase of a parcel of land that was acquired by the seller for $96,000 is offered for sale at
    8·1 answer
  • You and spouse are filing a joint return. Your current deductions have reduced your taxable income to​ $88,990, bringing you int
    10·2 answers
  • What does COBRA status allow you to do?
    5·1 answer
  • Give some examples of each of the three ""occasions for decision"" cited by Chester Barnard. Explain in your own words why Barna
    13·1 answer
  • Evaluate the economic consequences of increasing progressive taxes in order to redistribute income (6)
    10·1 answer
  • You must prepare a return on investment analysis for the regional manager of Fast & Great Burgers. This growing chain is try
    8·1 answer
  • Question 1 A small company manufactures three different electronic components for computers. Component A requires two hours of f
    8·1 answer
  • Ake the factors considered by earned value analysis and subtract those considered by project s-curves. the factor(s) you have re
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!