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user100 [1]
3 years ago
14

Last year, Rec Room Sports reported earnings per share of $9.10 when its stock price was $282.10. This year, its earnings increa

sed by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.)
Business
1 answer:
svetlana [45]3 years ago
6 0

Answer:

The correct answer is "$338.52".

Explanation:

The given values are:

Market price,

= $282.10

Earning per share,

= $9.10

Earning increased,

= 20%

As we know,

⇒  PE \ ratio=\frac{Market \ price}{Earning \ per \ share}

On substituting the given values, we get

⇒                  =\frac{282.10}{9.10}

⇒                  =31

Current year earnings,

=  9.10\times 120 \ percent

=  10.92 \ per \ share

Thus,

⇒ 31=\frac{Market \ price}{10.92}

⇒ Market \ price = 31\times 10.92

⇒                        =338.52 ($)

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topjm [15]

Answer:

Option E. Kate will win nothing.  

Explanation:

The reason is that Arturo promise was to pay Kate for $9 an hour but Arturo didn't promised him for employment duration which means we even don't know what is healthy bonus and what is a good business postion because it varies from business to business and also depends upon the investment.

So the contract lacks information about what were the terms and condition of the employee contract so Kate will win nothing in the case.

7 0
3 years ago
291. Much of the hope for continued improvement of the economy lies in the projection of increasing consumer spending this year.
sergij07 [2.7K]

Answer:

The correct answer is E:

Much of the hope for continued improvement of the economy lies in the increase in consumer spending that is projected for.

Explanation:

i. Much of the hope (this is the main Subject of the conversation)

ii. for continued improvement (this is the Prepositional phrase. It modifies the noun “hope”)

iii. of the economy (this is a Prepositional phrase – it modifies the noun “improvement”)

iv. lies in the projection (This is the main Verb – “lies”)

v. of increasing consumer spending this year. (This is the prepositional phrase. It modifies the noun “projection”)

At first glance, it would appear that the positive experience that is anticipated is the projection.

<em>A projection (unqualified) in this case is an estimate of how a thing will be in the future.</em>

Having stated this, we see that it is more logical to hope for a positive experience that will occur than to just hope. Hence the hope is really in the increase in consumer spending not in the projection as a separate word.

(E) therefore is the Correct option because in this option that in this option “that” modifies “increase”.

Cheers

8 0
3 years ago
In the economy of​ Cycladia, the total unemployment rate is equal to 11.0 ​percent, the structural unemployment rate is 2.42.4 ​
damaskus [11]

Answer:

The cyclical unemployment rate is 4.2%

Explanation:

There is a natural unemployment rate which contains every unemployment rate which is cyclical unemployment plus structural unemployment plus frictional unemployment, so then in order to get cyclical unemployment we will use the below formula:

natural unemployment = Frictional unemployment + Cyclical unemployment +structural unemployment

therefore we are given the natural unemployment rate of 11%

Frictional Unemployment Rate of 4.4%

Structural unemployment rate of 2.4%

then we substitute on the above mentioned formula and solve for cyclical unemployment

11% =4.4% + Cyclical Unemployment Rate+ 2.4% then we transpose and solve for cyclical unemployment rate

11% - 4.4% -2.4% = Cyclical Unemployment Rate

4.2 % = Cyclical unemployment rate

this unemployment rate goes with the business cycle of any business in which if there is a recession in an economy it is accounted for even if there is economic growth it is accounted for.

4 0
3 years ago
Eviyan recently received a copy of his performance review report. During the review, his manager took notes regarding his perfor
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Answer:

Eviyan's Performance Evaluation Report:

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Performance feedback interview is an opportunity for the employee to meet with his manager in order to iron out issues and reflect on the outcome of the evaluation.  The employee will also be required at the interview to explain and defend the performance result face to face with the manager.  Since there are always some differences in perception and evaluation, the interview provides that needed chance for a detailed discussion so that corrective measures will be defined and agreed upon.  It is a good performance policy to schedule such an interview following a performance evaluation report.

3 0
3 years ago
Which of the following would tend to shift the supply of dollars in the market for foreign-currency exchange in the open-economy
scoundrel [369]

Answer:

The right answers are either b. or d., or both.

Explanation:

When the dollar loses value, there is higher demand for foreign imports in a country because they become cheaper. When the dollar gains  in value, a foreign country´s exports increase. Changes in the value of currencies reflect changes in demand and supply. An increase in exports will shift the demand curve of the dollar higher. A reduction of imports will have a contrary effect.

5 0
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