Virtually impossible to counterfeit
Answer:
Earnings per share = Net income/No of ordinary shares outstanding at the end of the year
Earnings per share = $290,000/240,000 shares
Earnings per share = $1.21
Therefore, Price-earnings ratio = Market price per share/Earnings per share
Price-earnings ratio = $70/1.21
Price-earnings ratio = 57.85
Explanation: First and foremost, there is need to calculate earnings per share by considering the net income and then divide it by the number of common stocks outstanding at the end of the year. Price-earnings ratio is obtained by dividing the market price per share by earnings per share.
Pam buys a new 40-inch television at Walmart
Answer:
$1.86 million
Explanation:
Given the above data, we can calculate the retained earning for next year to be;
Retained earning this year end = $1.5 million retained earning at the beginning + $0.5 million net income - $0.2 million dividends
= $1.8 million
Answer:
B. Fixed costs divided by unit contribution margin
Explanation:
In sales dollars, Break-Even point = Fixed Costs ÷ Contribution Margin.
Break-Even point in (units) = Fixed Costs / (Sales price per unit - Variable costs per unit).
The Break even point is a measure of which a company can determine if when the product its manufactured or produced will start to be profitable.
