Answer:
The expected price for the stock is $36
Explanation:
The price earning multiple is a measure that provides the information regarding how much are the investors willing to pay for each $1 of earnings per share. The formula for price earnings multiple is,
P/E = Price per share / Earnings per share
Based on the information, the P/E multiple for XYZ is,
P/E = 30 / 2.5 = 12
Using this price / earnings multiplier, we calculate the price at which the stock will trade as,
12 = Price per share / 3
12 * 3 = Price per share
Price per share = $36
Answer:
A. Debiting Cost of Goods Sold $7,000
Explanation:
The LIFO is a method used to account value for inventory. Under the method, the last item of inventory purchased is the first one sold.
At year-end, the perpetual inventory records of Anderson Co. indicate 60 units of a particular product in inventory, but a physical inventory taken at year-end indicates only 50 units of this product actually are on hand. So 10 units of the product was shrinkage.
The company should debit Cost of Goods Sold to record this inventory shrinkage.
Anderson Co. use LIFO method, the amount shrinkage product:
10 x $700 = $7,000
Trust, Honesty are the largest assets
Answer: "building footprint" .
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Answer:
(B) tied to the prime are the interest rates not only on most loans to small and medium-sized businesses, but also on
Explanation:
"not only" and "but also" was used as an idiomatic paired coordinator in the sentence to relate the prime lending rate to various loans which satisfies parallelism using; 'not only on" and "but also on".
