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avanturin [10]
3 years ago
15

Bonita Corporation had net income of $1550000 and paid dividends to common stockholders of $400000 in 2017. The weighted average

number of shares outstanding in 2017 was 387500 shares. Bonita Corporation's common stock is selling for $48 per share on the NASDAQ. Bonita Corporation's price-earnings ratio is
Business
1 answer:
artcher [175]3 years ago
3 0

Answer:

16 times

Explanation:

Calculation to determine what Bonita Corporation's price-earnings ratio is

Price-earnings ratio= ($1550000 -$400000)/387500

Price-earnings ratio=$1,150,000/387500

Price-earnings ratio=2.97

Price-earnings ratio= 48/2.97

Price-earnings ratio=16 times

Therefore Bonita Corporation's price-earnings ratio is 16 times

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In a company's SWOT analysis, which of the following is an example of a strength?
jasenka [17]

in my opinion C is the answer !

Explanation:

i hope u received !if it's correct then thAnk

3 0
3 years ago
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the goods so
Crazy boy [7]

Explanation:

On the books of Shore Co

Cash A/c Dr $111,560

Sales discount A/c $2,240           ($11,2000 x 2%)

              To Accounts receivable A/c $113,800           ($112,000 + $1,800)

(Being cash is received)

On the books of Blue star

Accounts payable A/c Dr $113,800    ($112,000 + $1,800)

               To Merchandise inventory A/c $2,240              ($11,2000 x 2%)

                To Cash A/c $111,560

(Being cash is paid)

8 0
3 years ago
Grouper Company issued $612,000 of 10%, 20-year bonds on January 1, 2020, at 102. Interest is payable semiannually on July 1 and
IrinaVladis [17]

Answer:

Bond issue:

Dr cash                               $624,240.00

Cr bonds payable                                                                       $612,000

Cr premium on bonds payable($624,240.00-$612,000)      $ 12,240

On 30 June:

Dr Interest expense                         $30,495.68  

Dr premium on bonds payable              $104.32  

Cr cash                                                                       $30,600

On 31 December :

Dr interest                                                                        $ 30,490.59  

Dr premium on bonds payable($30,600-$30,490.59)  $109.41

Cr interest payable                                                                             $30,600

Explanation:

The cash proceeds from the bond issuance is 102% of the face value of $612,000 i.e $ 624,240.00 (102%*$612,000)

The interest payment on 30 June=$612,000*10%*6/12=$30,600.00  

The interest expense on 30 June=$ 624,240.00*9.7705%*6/12=$30,495.68

amortization of premium=$30,600.00-$ 30,495.68=$104.32  

Carrying value of bond at 30 June=$ 624,240.00+$30,495.68 -$30,600=$624,135.68  

Interest expense on 31 December=$ 624,135.688*9.7705%*6/12=$30,490.59  

6 0
3 years ago
Strategic planning requires ________________ to facilitate the process of assessing opportunities or threats from competitors.
Licemer1 [7]

Strategic planning requires <u>marketing </u>Analytics to facilitate the process of assessing opportunities or threats from competitors.

<h3>What is Marketing Analytics?</h3>

Please note that this is the study of data to assess the performance of marketing activity.

It strives to uncover market-related insights from data and helps to:

  • stop or prevent continuous losses
  • uncover hidden opportunities
  • evaluate competition
  • under stand consumption patterns and triggers etc.

Following from the full question which is attached, the correct answer is B.

See the link below for more about marketing analytics:

brainly.com/question/26199645

5 0
2 years ago
Read 2 more answers
Helen worked for ABC Motors for 25 years. The president of ABC said to her: "In consideration of your past service for 25 years,
anastassius [24]

Answer:

No, legal consideration is absent

Explanation:

According to the given situation, the President of ABC company was promised to Helen to give a new car next week as Helen worked for 25 years. But the president did not give the car as he promised to the Helen.

In this case, there was a promise which was verbal, not in the way of legal consideration, which means there is no proof so that Helen can claim from the president.

Therefore the correct answer is No, legal consideration is absent

8 0
3 years ago
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