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ddd [48]
3 years ago
6

Smolira Golf Corp. has 20,000 shares of common stock outstanding, and the market price for a share of stock at the end of 2018 w

as $58. What is Tobin’s Q for Smolira Golf? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
DaniilM [7]3 years ago
8 0

Answer:

Note: Missing question is attached below

Market value of equity = Shares * Share price = 20,000 * $58 = $1,160,000

Total debt = Current liabilities + Long term debt = $83,416 + $145,000 = $228,416

Book value of assets = $627,868

Tobin's Q = MV of equity + Bv of debt / Bv of assets

Tobin's Q = $1,160,000 + $228,416 / $627,868

Tobin's Q = 2.21

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3. Which of the following occupations relate to a skill category of mathematics and data? Select
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7 0
4 years ago
Which of the following was partly an effect of the Mexican-American War?
Neporo4naja [7]

Answer:

The correct answer is letter "C": the United States becoming a transcontinental nation.

Explanation:

After <em>Texas </em>was declared independent from Mexico in 1836, issues arose since the U.S. did not want to annex the freed territory due to northern interests. Mexico became hostile in defining the frontiers after the independence of Texas at the point of threatening the U.S. to go on war if its demand was not fulfilled.  

With an attack on American Soldiers by April 1846 in Texas, the war begun. Americans military power revealed superior to Mexicans winning the war in favor of U.S. President James K. Polk (1795-1849) who <em>believed the U.S. had to spread across the continent</em>.

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7 0
3 years ago
Store A sells four times as many products as store B and one third as many as store C. If store C sells 105,960 products, how ma
nikitadnepr [17]

Answer: a. 8,830 products

Explanation:

Store A sells one third as many as Store C so if Store C sells 105,960 products, Store A would be selling:

= 105,960 / 3

= 35,320 products

Store A sells four times as many products are store B. If Store A sells 35,320 products, Store B would sell:

= 35,320 / 4

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8 0
3 years ago
The following totals for the month of June were taken from the payroll register of Xenos Company:
Elza [17]

Answer:

c. debit to Payroll Tax Expense for $1,050.

Explanation:

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So, we consider these items only.  

The journal entry is shown below:

Payroll expense A/c Dr XXXXX

      To Social security taxes payable A/c XXXXX

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(Being payroll expense is recorded)

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
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