When earnings are expected to be high relative to current earnings, then a. the P/E ratio of its stock will be high. A P/E ratio of 8 is relatively low.
<h3>What happens when future earnings are expected to be high?</h3>
If earnings are expected to be high as in the case of the Galt Corporation, then the price of the stock will rise.
This will then lead to a high P/E ratio because the price will rise but the earnings will remain the same.
Find out more on the P/E ratio at brainly.com/question/14644755.
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Answer:
Managerial accounting
Explanation:
Managerial accounting refers to the process to classify, calculate, assess, analyze, and convey financial data to executives to achieve the objectives of a company. It differs from financial reporting since the primary objective of managerial accounting is to support people in creating well-organized business decisions within the corporation.
Managerial accounting includes several aspects of accounting designed to improve the standard of the education given to administration regarding indicators of the commercial business. Management accountants utilize details about both the expense and sales income of the firm's produced products and services.
Answer:
net sales: 638,000
Explanation:
Accounting works on accrual basis. We must match the transaction with the period they occur. The year-end adjustment are done to reflect the discount, return and allowance forthe current year sales so; we must include thme in the calculation for this year. If not, then we will be charging next year sales with discount on sales of the previous year.
salesrevenue : 750,000
discount (20,000 + 2,000) (22,000)
allowance (30,000 + 4,000) (34,000)
returns (50,000 + 6,000) (56,000)
net sales: 638,000
Question attached
Answer and Explanation:
Answer and explanation attached
I dog year = 7 human years
13 dog years = 7 x 13 = 91 human years (Wow ... that is very old! Good dog.)
