Answer:
The price per share should be $22.5
Explanation:
The price earnings multiple or P/E tells us how much price the investors are willing to pay for $1 earnings of the company.
We first need to calculate the earnings per share of the company.
Earnings per share = Net Income / Number of outstanding common shares
Earnings per share = 1500000 / 1000000 = $1.5 per share
Using the P/E for the industry, the price per share of Flintstone should be,
P/E = Price per share / Earnings per share
15 = Price per share / 1.5
15 * 1.5 = Price per share
Price per Share = $22.5
The answer is B. He wanted to do the right thing, but the situation was very confusing.
Answer:
$22,897.74
Explanation:
Given:
Loan amount (P) = $22,000
rate (R) = 8% = 8/100=0.08/365 = 0.000219178082
Number of days(n) = 6 month = (6 x 365)/12 = 182.5
Total Amount = ?
![A = P(1+ I)^n\\A = 22,000(1+0.000219178082)^{182.5}\\=22,000(1.000219178082)^{182.5}\\=22,000(1.04080658)\\= 22,897.744](https://tex.z-dn.net/?f=A%20%3D%20P%281%2B%20I%29%5En%5C%5CA%20%3D%2022%2C000%281%2B0.000219178082%29%5E%7B182.5%7D%5C%5C%3D22%2C000%281.000219178082%29%5E%7B182.5%7D%5C%5C%3D22%2C000%281.04080658%29%5C%5C%3D%2022%2C897.744)
Therefore, he have to pay $22,897.74 to the bank.
Answer:
r = 4% at this rate a principal of 12,800 returns 16,843.93 in seven years
Explanation:
We will calculate the interest rate at which a principal of 12,800 return 16,843.93 in seven years
Principal 12,800
time 7 years
rate ?
Amount 16,843.93
![(1+r)^{7} = 16,843.93\div12,800\\\\r =\sqrt[7]{16,843.93\div12,800} -1](https://tex.z-dn.net/?f=%281%2Br%29%5E%7B7%7D%20%3D%2016%2C843.93%5Cdiv12%2C800%5C%5C%5C%5Cr%20%3D%5Csqrt%5B7%5D%7B16%2C843.93%5Cdiv12%2C800%7D%20-1)
r = 0.0400
r = 4%