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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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Transfer payment is payment made or income received in which goods and services are not paid is known as transfer of payment. It is one-way payment. Transfer Payment is also known as Government transfer as it is given by the Government without goods and services being received in return. Transfer of payment is based on the concept of donor and recipient. A donor gives up something of value without receiving anything in return.

Unemployment benefits are given by the Government without receiving any goods or services in return so it is considered a transfer payment. The government collects money through taxes then this money is reallocated to citizens equally through welfare services.

Unemployment benefits are also provided by the Government therefore it is an example of transfer payment.

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2 years ago
At the time when products and services are produced or provided to customers, which functional area is responsible for ensuring
Norma-Jean [14]

Answer: operations

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5 0
3 years ago
The risks of vertical integration include all of the following EXCEPT: a. costs and expenses associated with increased overhead
aleksandrvk [35]

Answer: Lack of control over valuable assets

 

Explanation: In simple words, vertical integration refers to a process under which an organisation combines two or more stages of production which were previously performed by any other company.

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The unemployment rate in a town in which 65,400 persons are employed and 11,000 are unemployed equals:
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Based on the number of people that are employed and those who are unemployed in this town, the unemployment rate is 14.4%.

<h3>What is the unemployment rate?</h3>

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Solving gives:

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Find out more on the unemployment rate at brainly.com/question/13280244.

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