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Sav [38]
2 years ago
12

Use the following information for ECE incorporated: Assets $200 million Shareholder Equity $100 million Sales $300 million Net I

ncome $15 million Interest Expense $2 million If ECE's stock is currently trading at $24.00 and ECE has 25 million shares outstanding, then ECE's market-to-book ratio is closest to: Group of answer choices
Business
1 answer:
krek1111 [17]2 years ago
4 0

Answer:

6%

Explanation:

Calculation for ECE's market-to-book ratio

Using this formula

Market-to-book ratio = (MV Equity)/(BV Equity)

Let plug in the formula

Market-to-book ratio = ($24 x 25 million)/100 million

Market-to-book ratio = 6%

Therefore ECE's market-to-book ratio is closest to 6%

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Megan McCoy has a bachelor's degree in business management and human resources. She has 5 years of HR experience as an HR assist
mote1985 [20]

Answer:

The correct option of this question is (B). Explanation of this answer is given below in the explanation section

Explanation:

(B) is Correct Option:

Human resource manager in an organization is responsible for planning, directing and coordinating human resource management activities such as employee compensation, employee recruitment, promotions offer to an employee, etc. The major duties of the HR manager is to manage the human resource in an organization.

Why other options are not correct

(A). Interaction with customers to provide information in response to inquiries about products and services, and to handle and resolve complaints is not the responsibility of the HRM manager. It is the responsibility of the Marketing department and customer service department. In short, the customer service and marketing department are mainly responsible to perform such activities in an organization.

(C). Analyze financial information and prepare financial reports to determine or maintain record of assets, liabilities, profit and loss, tax liability, or other financial activities within an organization is the responsibility of the accounting department. And, accounting manager is responsible for such types of activities to perform in an organization.

(D) Supervise and coordinate the activities of clerical and administrative support workers is the responsibility of Admin (a managerial post) working in the administrative unit of an organization. Usually, at this post, first-line manager, team lead, assistant manager are working under the supervision of the administrative department.

(C) Compile and keep personnel records. Record data for each employee, such as address, weekly earnings, absences, amount of sales or production, supervisory reports on ability, and date of and a reason for termination is also a responsibility of the HRM and sales department. However, it is noted some responsibility such as employee record management is the sole responsibility of the HRM department and HRM manager. But termination of an employee, absence recording, amount of sales or production are the responsibility of other departments such as the administrative department, sales department, and marketing department, etc. However, this option is also correct in a sense only if employee management involved, otherwise, this option is not correct.

3 0
3 years ago
Zeitler's Department Stores sells its products online and through traditional brick-and-mortar stores. The following parallel co
irakobra [83]

Question Completion:

Choose the correct answer below

(1) in-store customers appear to be middle aged, have higher annual income and live further distance away from a store

(2) in-store customers appear to be generally younger, have lower annual income and live near a store

(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store

(4) Online customers appear to be middle aged, have lower annual income and live near a store

Answer:

Zeitler's Department Stores

Online and In-store Customers:

According to the parallel coordinates plot, online customers are differentiated from in-store customers in the following ways:

(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store

Explanation:

Younger persons tend to embrace technology more than their older counterparts.  Based on this, they also engage on online purchasing of goods and services instead of visiting the traditional brick-and-mortar stores.  With online purchase, a customer is in better control because she can search for the best deals from any location.

7 0
2 years ago
The term "balanced reciprocity" refers to:_______.A. The system of exchange in which items are bought and sold, using money, wit
frez [133]

Answer:

D. The system of exchange between people where the giver usually expects something in return.

Explanation:

Balanced reciprocity refers to a system of exchange between people where the giver usually expects something in return. It is also known as Symmetrical reciprocity.

5 0
3 years ago
Read 2 more answers
As her business grew, Gretchen could not spend as much time individually with her employees. She wanted to make sure her values
choli [55]

Answer:

The correct word for the blank spaces are: code of ethics.

Explanation:

The company's Code of Ethics represents the moral values a firm expects its employees to perform in their day-to-day activities. Usually written in a book, the Code of Ethics represents the core of the corporate culture of an organization which is the institution's spirit and differentiates it from competitors.

The Code of Ethics establishes guidelines for the behavior of workers within the workplace avoiding major issues that could harm the operations of the entity such as fraud.

8 0
3 years ago
Charleston Corporation operates a branch operation in a foreign country. Although this branch operates in euros, the U.S. dollar
dimulka [17.4K]

Answer: Remeasurement loss of $‭21,970

Explanation:

The figures will have to be converted from Euros to US$ for the calculation.

The relevant exchange rate will be the rate on the date of the transaction.

                                                              Amount      Exchange rate    $Amount

Opening cash                                     528,000           1.14                   ‭601,920‬

Increase in Cash assets:

Sale of inventory                                 160,000             1.20                192,000

                                                            688,000                                   793,920‬

Decrease in cash assets:

Acquisition of warehouse                 300,000             1.14                (342,000)

Purchase of inventory                       100,000              1.18                (118,000)

Transfer to parent                              10,000                1.18                 (11,800)

Ending net cash assets                     278,000 ‭                                  322,120‬

Remeasurement gain(loss) at 31 December = Ending net cash assets at current rate - Ending net cash assets

= (278,000 * 1.08) - 322,120

= ‭300,240‬ - 322,120

= ($21,970)

<em>Options are not for this question. </em>

7 0
3 years ago
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