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Leya [2.2K]
2 years ago
11

Dearborn Company has earnings per share of $2.80, it paid a dividend of $2.10 per share, and the market price of the company's s

tock is $61 per share. The price/earnings ratio is closest to:
Business
1 answer:
marissa [1.9K]2 years ago
6 0

Answer:

The price/earnings ratio is closest to 21.79

Explanation:

Price / Earning ratio is used to assess the owner`s appraisal of share value. The higher the ratio the more confident that the shareholders have on company's future performance.

Price / Earning ratio = Market price of Share ÷ Earnings per share

                                  = $61 ÷ $2.80

                                  = 21.79

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A company purchased a commercial dishwasher by paying cash of $4,200. The dishwasher's fair value on the date of the purchase wa
kogti [31]

Answer:

$4,760

Explanation:

The value a company will record for the dishwasher will be the amount that was used to purchase the dishwasher plus the associated cost of transporting and installing the dishwasher.

The price of the dishwasher to be used is the actual amount it was bought and not the fair value.

Amount recorded for dishwasher= Price + Transportation + Installation fees

Amount recorded for dishwasher= 4,200 + 330 + 230

Amount recorded for dishwasher= $4,760

Note the fee for illegal parking is not considered because it is not a direct cost related to purchase of the dishwasher

5 0
2 years ago
Jillian wants to plan her finances because she wants to create and maintain her tax and credit history. She also wants to chart
gladu [14]

The correct answer is; October 1st and September 30th.

Further Explanation:

There are approximately 3 types of fiscal years. They are;

  1. Business
  2. Federal
  3. Non-profit

The federal fiscal year always starts on October 1st and will end on September 30th the following year. These are divided into four quarters each year. This will cover a 12 month calendar year.

A fiscal year can contain 365 or 366 days depending if there is a leap year. This is used as a starting place to start commencing your record keeping in order and when to conclude for the year.

When keeping financial records numerous things needs to be kept for the following year. Some of the things that needs to be kept are; precise records, receipts, contracts, check stubs, and the budget used.

Learn more about the fiscal year at brainly.com/question/13648773

#LearnwithBrainly

7 0
3 years ago
Objectives of financial reporting to external investors and creditors include preparing information about all of the following e
sveta [45]

Answer:

Information used to determine which products to produce

Explanation:

Determination of products whose production is not yet decided is a managerial issue, and it is part of internal information that should be not delivered to external parties. Furthermore, this data usually is not accurate, so sharing outside would not be even recommended for this sole reason.

3 0
3 years ago
How can the use of new technology in industry benefit the US government
ahrayia [7]

Answer:they can track things

Explanation: if they need info all they need to do is hack

8 0
3 years ago
A country has passed a law setting a minimum wage for factory workers 5% below the equilibrium price. How will this law impact t
ella [17]

Answer:

C.) The law will have no impact on the market.

Explanation:

The minimum wage refers that the producers could charge high amount as compared with the wages i.e. minimum also the equilibrium wage would be more than the minimum wage so this represents that the market is an equilibrium point and hence there is no impact on the market

Therefore the option C is correct

And, hence all the other options are wrong

6 0
3 years ago
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