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Semenov [28]
3 years ago
6

Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was

$36,000. Total common stock was $200,000 at the end of both Year 2 and Year 1. The par value of common stock is $4 per share. The company's total stockholders' equity at the end of Year 2 amounted to $983,000 and at the end of Year 1 to $950,000. The market price per share at the end of Year 2 was $7.92. The company's price-earnings ratio for Year 2 is closest to:
0.58
11.00
5.18
7.14
Business
1 answer:
muminat3 years ago
5 0

Answer:

11.00

Explanation:

Earnings \: per \: share = \frac{net \: income}{shares}

36,000 net income

200,000 common stock / $4 per share= 50,000 shares

36,000 / 50,000 = 0.72 earnings per share

price-earnings \: ratio = \frac{market\: price}{EPS}

7.92 / 0.72 = 11

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A.

Explanation:

surplus means create extra

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2 years ago
An example of business-to-business sales is selling ________.
uysha [10]

Answer:

a) grocery items to grocery stores

Explanation:

Business -to -business (B2B) sales occur between different companies unlike Business to Consumer (B2C) sales that are between a company and a individual customers.  To answer this question, you identify an option that shows that a wholesaler sells goods to a retailer who then sells to a customer which is supply of grocery items to grocery stores.

'Automobile insurance to a pet shop owner' and 'evening gowns to Oscar award nominees' are B2C. And 'a washing machine to a theatre company' is irrelevant

5 0
3 years ago
The best defensive driving strategy in planning ahead for an evasive action on the road includes:
Pie

Answer:

A) Scan the highway far and wide.

B) Think about how slow, stop or change lanes suddenly.

Explanation:

The Smith Driving Standards can be a very useful guide for defensive driving techniques. It includes the Five Principles of Defensive Driving:

  1. Aim high : you should be alert and focused, and your head should be held up high so that you can view the whole road.
  2. The Big Picture : try to identify angry or erratic drivers, and always be aware of your surroundings.
  3. Keep Your Eyes Moving: you must be alert and keep your eyes on the road.
  4. Leave Yourself An Out : try to anticipate what other drivers are doing so that you have a possible exit in case you need to change lanes suddenly.
  5. Ensure they see you: make sure other drivers have noticed you.

7 0
3 years ago
In 2021, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
Juli2301 [7.4K]

Answer:

Explanation:

                                                     2021            2022          2023

Bills during the year               2,180,000   2,644,000  5,176,000

Cost incurred in the year       2,016,000   2,808,000  2,613,600

Cumulative cost to date         2,016,000   4,824,000   7,437,000

Estimated cost to complete   5,184,000    2,376,000         0

Estimated total cost                7,200,000    7,200,000     7,437,000

percentage completion

2,016,000/7,200,000*100 =28%

4,824,000/7,200,000*100 = 67%

7,437,000/7,437,000 *100=100%

Percentage Completion                 28                 67              100

Contract price                           10,000,000

Less cumulative cost                 (7,437,000)

Gross profit                                 2,563,000

Contract value 2021  10,000,000* 28 %  =2,800,000

                          2022 10,000,000* 67%    = 6,700,000

                          2023  10,000,000*1005  = 10,000,000

Contract value                           2,800,000     6,700,000    10,000,000

less revenue recognized                                   2,800,000     6,700,000

                                                    2,800,000       3,900,00       3,300,000

less cost incurred in the year  2,016,000        2,808,000     2,613,000

Profit recognized                        784,000          1,092,000      687,000

8 0
3 years ago
A company’s total monthly sales (in millions of dollars) t months from now are given by:
Elina [12.6K]

Answer:

a) \frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3

b) S(4) = 0.5*(4^2) +3(4) -5=15 million

c) For this case we have the total sales $ 15 millions after t =4 months

d) S'(4) = 4+3 = 7 million

e) This value represent the increase in the amount of sales in millions after t=4 months

Explanation:

For this case we have the following function for the sales

S(t) = 0.5 t^2 +3t -5

Part a          

For this case we want to find the derivate of S respect to t and we got:

\frac{dS}{dt}=S'(t)= 2(0.5) t +3 = t+3

Part b

For this case we want to find the value of S when t = 4 so if we replace we got:

S(4) = 0.5*(4^2) +3(4) -5=15 million

Part c

For this case we have the total sales $ 15 millions after t =4 months

Part d

For this case we just need to replace t=4 in the derivate and we got:

S'(4) = 4+3 = 7 million

Part e

This value represent the increase in the amount of sales in millions after t=4 months

3 0
3 years ago
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