Answer:
The target stock price in year 1 is $51.12
Explanation:
Given SE = $6 MIL, NI= $906 000, Div= $408180, Shares= 200000, PE ratio= 24 , SP =?
W e will use the price earning ratio as we are are given the benchmark PE ratio and this ratio measures the stock price relative to it profits
PE = Stock price / Earnings per share
Need to calculate Earnings per share
EPS = net Income - dividends/ oustanding Shares
=906000-480180/200000
=$2.1291/$2.13
Sustitute in the formula for PE ratio
24 = Stock Price/2.13
Stock Price = $51.12
Therefore the target stock price in year 1 is $51.12
Answer:
$31,350
Explanation:
Calculation for Pat's accrual-basis net income
Cash receipts$42,900
Less Cash disbursements(12,800)
Cash basis net income 30,100
Less depreciation expense(1,900)
Add increase in accounts receivable1,200
Add increase in supplies 3,600
Less increase in accrued liabilities(1,650)
Accrual-basis net income$31,350
Cost-push inflation can contribute to a recession by increasing prices, which: A. reduces output and leads to lower employment.
<h3>What is
cost-push inflation?</h3>
Cost-push inflation can be defined as a type of inflation which typically occurs due to an increase in the quantity of production (output) per-unit costs at each level of total spending by a business firm.
This ultimately implies that, cost-push inflation can contribute to a recession by increasing prices, which causes a reduction in the level of output and eventually leads to lower employment.
Read more on cost-push inflation here: brainly.com/question/17161533
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Answer:
Please see explanation below.
Explanation:
The next step is to conduct a secret ballot election which will be supervised by National Labor Relations Board (NLRB) as might be required by the employer-Champlain products inorder to obtain voluntary support from the employees that the union wants to represent. The reason being that the management might decided not to recognize the card checks practise on the basis that a union without a secret ballot election is not reliable hence employees that signed the card might have been intimidated or coerced by the union to do so.
Where the management refuses to recognize the card check that was signed by at least 41% of the employees it wants to represent, management would then request for secret ballot election where employees would be able to vote confidentially without coercion or undue influence from the union or co-workers.
