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
DochEvi [55]
3 years ago
7

Security Analysts that have evaluated Concordia Corporation, have determined that there is a 15% chance that the firm will gener

ate earnings per share of $2.40; a 60% probability that the firm will generate earnings per share of $3.10; and a 25% probability that the firm will generate earnings per share of $3.80. What are the expected earnings per share for Concordia Corporation
Business
1 answer:
dexar [7]3 years ago
4 0

Answer:

3.17

Explanation:

Expected earnings per share = (15%x2.40)+(60%x3.10)+(25%x3.80)

You might be interested in
4. The Mexican peso has weakened considerably relative to the dollar, and you are trying to decide whether this is a good time t
LenKa [72]

Answer:

The forecast exchange rate in one's year time according to Goldman Sachs is MXN 14.25/USD

Explanation:

The fact that the Mexican Peso will lose 15% of its value to the dollar means that a dollar will command 15% of the current Peso value  in  a year's time.

Mathematically, MXN 9.5*1.15= MXN14.25 in a year's time.

It also implies that a Mexican with dollars wanting to convert into MXN in a year's time will receive more Peso compared to now.

5 0
3 years ago
On December 31, 2019, the ledger of Lopez Company contained the following account balances: Cash $ 66,000 Maria Lopez, Drawing $
vlada-n [284]

Answer:

1. Dec 31, 2019

Dr Fees Income $107,500

Cr Income Summary $107,500

2. Dec 31, 2019

Dr Income summary 60,000

Cr Salaries expense 34,000

Cr Supplies expense 6,000

Cr Utilities expense 9,300

Cr Telephone expense 5200

Cr Depreciation expense 5500

3. Dec 31, 2019

Dr Income summary 47,500

Cr Retained earnings 47,500

4. Dec 31, 2019

Dr Maria lopez, capital 52,000

Cr Maria lopez, drawing 52,000

Explanation:

Preparation of the closing entries for the above transactions

1. Dec 31, 2019

Dr Fees Income $107,500

Cr Income Summary $107,500

(To close revenue account)

2. Dec 31, 2019

Dr Income summary 60,000

(5500+5200+9300+6000+34000)

Cr Salaries expense 34,000

Cr Supplies expense 6,000

Cr Utilities expense 9,300

Cr Telephone expense 5200

Cr Depreciation expense 5500

(To close expenses account)

3. Dec 31, 2019

Dr Income summary 47,500

($107,500-60,000)

Cr Retained earnings 47,500

(To close income summary account)

4. Dec 31, 2019

Dr Maria lopez, capital 52,000

Cr Maria lopez, drawing 52,000

(To close drawings account)

6 0
2 years ago
Consider a small country that is closed to trade, so its net exports are equal to zero. The following equations describe the eco
viva [34]

Answer:

Y = 300

government multiplier 2

output demanded increase by 20

If income tax is applied:

Y = 272.72

multipliers: 2.253775

increase 22.53775 billons

As disclosure it has a larget effect when the income tax is levied based on income rather than a flat rate.

Explanation:

DI = Y - 100

C = 30 + 0.6(Y - 100)

C = 30 - 60 + 0.6Y

C = 0.6Y - 30

Y = C + G + I

Y = (0.6Y -30) + 120 + 30

Y = 120 / 0.4 = 300

C = (0.6)300 - 30 = 150

With C we solve for the multiplier:

150/300 = 0.5

1 / (1 - 0.5) = 2

10 x 2 = 20

If variable that:

C = 30 + 0.6 (0.75Y)

C = 30 + 0.45Y

Y = 0.45Y + 120 + 30

Y = 150/.55 = 272,72

C = 30 + 0.45Y = 152,72

Propensitivity to consume:

152.72/272.72 = 0,5563

multiplier:

1 (1 - PMC) = 2.253775073

10 nillon will icnrease x 2.25377 = 22.54 billons

8 0
3 years ago
Beach bake, a small maker of a new sunscreen, needs financing to build a warehouse. the owner wants to avoid personal loans. wha
Helen [10]

Beach Bake, a small maker of a new sunscreen, needs financing to build a warehouse. The owner wants to avoid personal loans. Asset-based financing I would recommend.

What is asset based financing?

Working capital and term loans are given to businesses using a specific technique called asset-based finance. As collateral, it uses real estate, accounts receivable, machinery, equipment, and inventories. When a loan to a corporation is backed by one of the company's assets, it is effectively referred to as a secured loan.

How do asset-based loans work?

Asset-based lending refers to a loan or line of credit given to a company and secured by a piece of property. Inventory, equipment, accounts receivable, and other balance-sheet assets are just a few examples of the different types of collateral utilized in asset-based lending.

Learn more about secured loan: brainly.com/question/17077155

#SPJ4

5 0
1 year ago
Bustillo Inc. is working on its cash budget for March. The budgeted beginning cash balance is $40,000. Budgeted cash receipts to
Roman55 [17]

Answer:

Cash borrow = $15,500.

Explanation:

Given,

The company budgeted ending cash balance is $61,500.

We know,

Budgeted ending cash balance = Budgeted beginning cash balance + Budgeted cash receipts - Budgeted cash disbursements + Budgeted cash borrow

Given,

Budgeted ending cash balance = $61,500.

Budgeted beginning cash balance = $40,000.

Budgeted cash receipts = $121,000

Budgeted cash disbursements = $115,000.

Budgeted cash borrow = ?

Putting the values into the formula, we can get

$61,500 = $40,000 + $121,000 - $115,000 + Cash borrow

Or, $61,500 - ($40,000 + $121,000 - $115,000) = Cash borrow

Or, $61,500 - $40,000 - $121,000 + $115,000 = Cash borrow

Or, $176,500 - $161,000

Or, $15,500 = Cash borrow

Or, Cash borrow = $15,500.

Therefore, cash borrow for March is $15,500.

7 0
3 years ago
Other questions:
  • Richard is the owner of a very popular burger joint in his locality. He knows that his burger joint's location and excellent cus
    13·1 answer
  • What is one effective way for employees to keep their skillsets current
    11·2 answers
  • Overall, who benefited most from tax reform in 1997
    12·1 answer
  • When XYZ firm entered the market for good A two years​ back, it kept the price of its product low to attract customers away from
    13·1 answer
  • Joseph buys a Hummer for $59,000, financing it with a five-year 7.60% APR loan paid monthly. He decides to pay an extra $50 per
    14·1 answer
  • When calculating the net operating income of a property, it is important to identify any expenses that will be incurred in attem
    6·1 answer
  • If you move, how many days do you have before you must report your change of address to the department of public safety?
    10·1 answer
  • The number and characteristics of sellers and buyers are known as _____.
    12·1 answer
  • Demonstrate your understanding of the difference between intrapreneurs, entrepreneurs and managers and their role in organizatio
    8·1 answer
  • Although GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!