A new manufacturing technology makes it easier to make the

At year end, Tangshan China Company balance sheet showed total assets of $60 million, total liabilities (including preferred sto

Vaselesa [24]

Answer:

The correct answer is $22.5

Explanation:

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

We can calculate the price of stock by using following formula:

Price of stock = (Net Income ÷ No of Shares) × PE Ratio

By putting the value in the formula, we get

Price of stock = ( $1,500,000 ÷ $1,000,000) × 15

= $1.5 × 15

= $22.5

6 0

4 years ago

At December 31, 2020, the following information was available from Pharoah Co.'s accounting records:

Liono4ka [1.6K]

Answer:

Pharoah's inventory at December 31, 2020 was $81,120. The right answer is a.

Explanation:

In order to calculate Pharoah's inventory at December 31, 2020 we would have to calculate the following formula:

Ending inventory at cost=Ending inventory at retail*Cost to Retail ratio

Cost to Retail ratio=$772,000 ÷ $1,184,000

Cost to Retail ratio= 0.65

Ending inventory at retail=($1,184,000 – $9,200 – $1,050,000)

Ending inventory at retail=$124,800

Therefore, Ending inventory at cost=$124,800× 0.65

Ending inventory at cost=$81,120

Pharoah's inventory at December 31, 2020 was $81,120

3 0

4 years ago

sometimes sellers have little choice in setting a selling price because it is already marked on the item by the manufacturer. wh

vladimir2022 [97]

One of the example of the commodities in which the sellers have little choice in setting selling price is books

In selling a books, all the price is usually arranged by the publisher and manufacturer and the seller could not really set the selling prices unless they have enough resource to self-publish

4 0

3 years ago

In the fourth stage of rational decision making, managers will _____. evaluate the alternatives and select a solution implement

Ludmilka [50]

Answer:

The correct answer is: implement and evaluate the chosen solution.

Explanation:

Companies generally use different strategies to make decisions to obtain the best benefits. For example, companies often use the rational decision-making process to focus on analysis and logic, leaving subjectivity aside.

Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.

<em>For example, in the fourth step, the chosen solution must be implemented and evaluated, the managers are in charge of analyzing and executing the action plan</em>, in this way they evaluate each result obtained to know if the actions taken are the best and are reaching their goals.

<em>I hope this information can help you.</em>

6 0

3 years ago

Under what circumstances, when a searching operation is needed, would sequential search not be appropriate?

rusak2 [61]

Answer:

Variable length and Fixed Length

Explanation:

When data base has a fixed length, then sequential search will not be appropriate. However, when database has a variable length then sequential search becomes appropriate

5 0

3 years ago