Curry Footwear reports net income of $500,000, earnings per share of $1. 50, and has a stock price of $45. 00 at the end of the year. What is Curry Footwear's price-earnings ratio
Answers
Curry Footwear reports net income of $500,000, earnings per share of $1. 50, and has a stock price of $45. 00 at the end of the year. So, Curry Footwear's price-earnings ratio is 30.
To calculate Curry Footwear's price-earnings ratio: Follow these steps:
1. Identify the net income, which is $500,000.
2. Identify the earnings per share (EPS), which is $1.50.
3. Identify the stock price at the end of the year, which is $45.00.
The price-earnings ratio is calculated by dividing the stock price by the earnings per share:
Price-Earnings Ratio = Stock Price / Earnings Per Share
In this case, the calculation would be:
Price-Earnings Ratio = $45.00 / $1.50
Now, just divide the numbers:
Price-Earnings Ratio = 30
So, Curry Footwear's price-earnings ratio is 30.
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Related Questions
Fill in the customer satisfaction survey You go to your in-house database, which houses eCompeteUSA's domestic and international sales as well as revenue composition over the past 10 years. You examine this data and apply some statistical analysis in order to help decide where to go next. What should you present at the next meeting to put your investigation on the right path?a. Present the trends in the growth of the U.S. eSports market, because the majority of eCompeteUSA's sales are domestic.b. Present data on eCompeteUSA's current revenue streams, broken down by source with sales trend extrapolations.c. After further consideration, you decide to step back and work on defining the research problem.
Answers
Answer: After further consideration, you decide to step back and work on defining the research problem.
Explanation:
Based on the options given, the answer will be "After further consideration, you decide to step back and work on defining the research problem".
It should be noted that the research problem isn't stated and one doesn't really know what the person wants to do. Do the right thing is to work on the research problem first before doing any other thing.
You bought 100 shares of stock at $15 per share. You sold your 100 shares at $21.75 per share. Calculate your percentage of gain. a) 18% b) 21% c) 31% d) 45%
Answers
Answer:
45%
Explanation:
2175-1500=675
675/1500=.45 or 45%
To ensure that people don’t waste their time trying to reach you, you should:
Answers
Answer:
Keep your IM presence status current.
Explanation:
Bart, Inc., a newly organized corporation, uses the equity method of accounting for its 30% investment in Rex Co.'s common stock. During 20X5, Rex paid dividends of $300,000 and reported earnings of $900,000. In addition: The dividends received from Rex are eligible for the 80% dividends-received deduction. All the undistributed earnings of Rex will be distributed in future years. There are no other temporary differences. Bart's 20X5 income tax rate is 30%. The enacted income tax rate after 20X5 is 25%. In Bart's December 31, 20X5 balance sheet, the deferred income tax liability should be
Answers
Answer:
The right answer is "$9,000". A further explanation is given below.
Explanation:
The given values are:
Rex paid dividends,
= $300,000
Reported earnings,
= $900,000
Investment,
= 30%
Taxable rate applicable,
= 25%
Now,
Throughout the future years, the amount of dividends taxable will be:
= \((900,000 - 300,000)\times 30 \ percent\)
= \(180,000\) ($)
Dividends received deduction will be:
= \(180,000\times 80 \ percent\)
= \(144,000\) ($)
then,
Net taxable dividend will be:
= \(180,000-144,000\)
= \(36,000\)
hence,
Deferred tax liability will be:
= \(36,000\times 25 \ percent\)
= \(9,000\) ($)
Which of the following statements about striving to reduce labor costs per pair produced at each of the company's facilities is true?
A. As long as labor productivity at each of the company's production facilities is in the range of 3,500 to 4,000 pairs produced per worker, then a company's labor costs per pair produced will be comparable to or lower than the labor costs per pair produced that other companies with production facilities in same region are able to achieve. B. In managing production worker compensation and expenditures for best practice training, the overriding objective of company managers should be to achieve the lowest feasible labor costs per pair produced at each production facility. C. Because of the progressively higher amounts of time it takes to produce branded footwear having a 7 -star or higher S/Q rating, it is very difficult for a company producing branded footwear with a S/Q rating of 7-stars or higher to achieve labor costs per pair produced that are significantly below the industry average in those geographic regions where it has production facilities. D. The most cost effective way for a company to achieve low labor costs per pair produced is to give production workers a base wage increase of 10% to 15% annually in each region where its has production facilities. E. The cheapest and best way for a company to achieve lower labor costs per pair produced than rival companies is to give production workers base pay increases in the range of 4-8\% annually in each geographic region where it has production facilities, keep incentive pay at or below $0.75 per nondefective-pair produced, and spend minimally (usually less than $1,000 per worker) on best practices training for production workers.
Answers
Statement C is true. The statement acknowledges the challenges associated with producing branded footwear with a high S/Q rating (7 stars or higher) and achieving significantly lower labor costs per pair produced compared to the industry average in the regions where the company has production facilities.
This implies that the production process for higher-rated branded footwear is more time-consuming and requires additional labor, making it difficult to achieve significantly lower labor costs per pair compared to industry benchmarks.
The statement highlights the impact of the production complexity associated with higher-rated branded footwear. It suggests that the time required to produce footwear with a 7-star or higher S/Q rating is progressively higher, indicating that more labor is needed to ensure the desired quality. As a result, achieving significantly lower labor costs per pair produced compared to the industry average becomes challenging in the geographic regions where the company operates its production facilities.
It is important for the company to consider the trade-off between maintaining a high S/Q rating and optimizing labor costs. While reducing labor costs is a key objective for managing production worker compensation and training expenditures, it may not be feasible to achieve significantly lower labor costs per pair produced for higher-rated footwear. The company needs to strike a balance between cost efficiency and maintaining the desired product quality.
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They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answers
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
Calculate each of the following: 28- (-15) how to calculate this
Answers
Answer:
28- (-15) = 43
Explanation:
So we got -1(-15) = 15 because we have to distribute, and now 28 + 15 = 43
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Why are the pests and diseases biggest obstacle in vegetable production
Answers
Answer:
Vegetable production worldwide is constrained by pests and diseases which effects are exacerbated by climate change and variability. High atmospheric temperatures and elevated carbon dioxide increases pest development, survival of pests and distribution of pest to new areas
Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answers
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
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Average total cost ---tells the producer how much the average of the typical unit of output costs to produce. a. true b. false
Answers
Yes this is true. Average total cost is calculated by dividing the total cost of production by the quantity of output produced. It provides information on the cost per unit of output, helping producers to make informed decisions about pricing and production levels.
This statement is accurate because the average total cost (ATC) represents the sum of all production costs divided by the quantity of output.
This gives the producer an idea of the cost per unit produced, allowing them to make informed decisions regarding production levels and pricing.
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Correcting non-compliance________ Choose one answer. a. Protects enrollees, avoids recurrence of same non-compliance, and promotes efficiency b. Ensures bonuses for all employees c. Both A and B
Answers
Answer:
a. Protects enrollees, avoids recurrence of same non-compliance, and promotes efficiency
Explanation:
Indeed, by correcting non-compliance other employees would learn a lesson that anyone who fails to comply with the company's policy would be corrected (disciplined).
Also, such corrections promote efficiency in the workplace since rules are always complied with.
Now that each account has been classified, assign account numbers to each account. You must assign account numbers so that accounts receivable, accounts payable, and expense accounts are in alphabetical order (by last name, in the case of accounts receivable). Use 3-digit account numbers and number the accounts within a division by 10s.
Answers
Answer:
I dont know the answer im just saying this so I can come back to it when there is an answer
Explanation:
An offeree whose acceptance is not a mirror of the offer has made a counter offer.
True
False
Answers
As a business accumulates more
debt, interest expense will increase.
This specific example demonstrates
how the income statement is linked
with
A. Assets
B. Accounts Receivable
C. Shareholder's Equity
D. Liabilities
Answers
Answer:
The correct answer is D. Liabilities.
Explanation:
As a business accumulates more debt, its liabilities increase, resulting in an increased interest expense on the income statement.
a buyer obtains a 90% institutional loan for $180,000 toward the purchase of a $200,000 house. the buyer does not have the necessary $20,000 for the downpayment, so the seller takes back a $10,000, ten-year mortgage and the buyer contributes the other $10,000 in cash. this is known as a/an:
Answers
The scenario described is an example of a seller financing arrangement, specifically a "purchase money mortgage" or "seller carryback." This type of arrangement can be beneficial for both the buyer and the seller.
A purchase money mortgage is a mortgage used to purchase real estate by the seller of the property rather than a third-party mortgage lender.
In the situation provided, a purchase money mortgage is utilized to cover the remaining $10,000 necessary to buy the property after the institutional loan was acquired, the buyer did not have enough money for a down payment, and the seller did not want to lower the price of the home.
This example of a seller financing arrangement, specifically a "purchase money mortgage" or "seller carryback."
The buyer may be able to secure the purchase of the property with a smaller down payment, while the seller can earn interest on the funds lent to the buyer and potentially sell the property more quickly.
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A census is a regularly-occurring and official count of a particular population. Census data available at the united states census bureau website are an example of:__________
A. Public information Result Correct Comment Census data is a public source of data.
B. The summarized data presented are available to individuals via the web without requiring a password.
C. When an individual completes the census form, there is no expectation that the data will remain private.
D. Census data do not describe behaviors, but provide information about members of a given population.
Answers
An example of Census data available is when summarized data presented are available to individuals via the web without requiring a password.
Let understand that "Census" refers to the survey conducted by the government of which the main purpose is to collect information about the general population of the country.
A typical Census collects information about name. address. basic demographics, date of birth, country of birth, education qualification, employment information and so onCensus is a public information but information collected therein are not opened to the public, rather, a statistics is drawn out of it and can therefore be used by the public for any purpose.
In conclusion, statistics drawn from the census can be found on website and are free to access by anyone.
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In preparing a company's statement of cash flows using the indirect method, the following information is available: net income $ 52,000 accounts payable increased by 8,000 accounts receivable decreased by 17,000 inventories increased by 5,000 depreciation expense 30,000 net cash provided by operating activities was:.
Answers
Net income = $58000
add increase in account payable = $24000
add decrease in account receivable = $37000
add decrease in inventory = $11000
add depreciation expenses = $32000
All of these values gives,
58000 + 24000 + 37000 + 11000 + 32000 = $162,000
Therefore the net cash that is used in this operation is $162000.
While using the indirect method?Many accountants record a business's cash flow using the indirect technique as a format. With this approach, the net income is adjusted to reflect the true cash flow that business operations produce. The indirect technique divides cash flows into three categories: Cash flows from operating operations.
What makes it the indirect method?Because the cash flows are derived from the turnover rather than being used directly in the calculation, it is known as the indirect technique. The income and costs for a specific time period are categorised and summarised on the cash statement.
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points and freind requsts
Answers
Answer:
Thank you so much for points I will be your friend............
Use the two concepts of efficiency to compare a perfect market structure with a monopoly
Answers
Efficiency is an important concept in economics that refers to the ability of a system or process to produce goods or services at the lowest possible cost.
In a perfect market structure, there are many buyers and sellers competing with each other, which leads to lower prices and higher quality goods. On the other hand, a monopoly is a market structure where there is only one seller, which can lead to higher prices and lower quality goods due to lack of competition.
To compare the efficiency of a perfect market structure and a monopoly, we can look at the following factors:
Resource allocation: In a perfect market structure, resources are allocated efficiently as there is competition among buyers and sellers. In a monopoly, resources may not be allocated efficiently as there is no competition.
Price: In a perfect market structure, prices are determined by the interaction of supply and demand, leading to lower prices and higher quality goods. In a monopoly, prices may be higher as there is no competition to lower them.
Quality: In a perfect market structure, quality is generally high as there is competition among sellers to provide the best products and services. In a monopoly, quality may be lower as there is no competition to encourage innovation and improvement.
Efficiency: In a perfect market structure, efficiency is high as there is competition among sellers and buyers. In a monopoly, efficiency may be lower as there is no competition to drive down costs and improve processes.
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True or false is April 15th is an important date for people who have a job.
Answers
Answer:
true
Explanation:
its Tax Day so they are very busy
An American organic potato-chip company has decided to consider global expansion. It has done its market research and found that there is a comparable market for its products. In addition, it has found the required distributors and a potential manufacturing location overseas. However, in the United States, its chips have regional themes, such as Saucy Southern Barbeque and Spicy Southwest Chili flavors, which will not easily translate into markets outside the United States. How could the company address this issue while maintaining the identifiable elements of the brand when expanding globally?
Answers
There are various strategies for addressing this issue regardless of which one you eventually adopt, you must change any of the elements of the marketing mix; two possible strategies are listed below.
How to illustrate the information?Product customization:
Changing the recipe for potato chips with the most similar flavors in the new region where the potato is distributed. It is difficult to predict how the chip flavor will be replicated in the global market, so looking for identifiable flavors per region while maintaining the brand's colors, advertising, price, and quality keeps the brand's identity untouchable even as the final product expands its lines.
Making changes to the promotion:
If changing recipes is too difficult for the product team, advertising campaigns will create a brand identity for different regions. For this, the packaging languages may change, and the methods of promotion in each region (TV, internet, influencers) may be considered to introduce the product in each region.
Alternatively, you could consider keeping the brand original and launching a strong pull marketing campaign to position the product as an International product.
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Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
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Phyllis and maury obtained a mortgage from taylor bank & trust in 1998. in 2014, they obtained a second mortgage from quail loans. what's the loan with taylor bank & trust considered?
Answers
The fact that Phyllis and Maury obtained a mortgage from Taylor Bank & Trust first means that the loan with that bank is a First Mortgage.
What is a first mortgage?The first mortgage refers to the first time that a mortgage loan was acquired on a property.
This loan would often be senior to any subsequent loans that come afterwards which means that in the case of default, they have priority. The loan from Taylor Bank & Trust was acquired first so this is a First Mortgage.
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What are loans to government and companies? please hellppzz
Answers
Answer:
loans for a company is when they pull out more money than they have then using it and it has to be repaid
Explanation:
In planning, what would be your basis for assigning priority to specific task?
Answers
In his 1989 book The 7 Habits of Highly Effective People, the businessman and motivational speaker Stephen Covey makes the case that tasks should be classified (and then prioritized) according to importance and urgency.
The urgent but unimportant Delegate. These are the tasks that need to be finished immediately since doing otherwise could have negative consequences. For this method, use the critical, high priority, neutral, low priority, and unknown procedure priority levels. The most important task you have is a priority. It must be finished before any other duties, or it must be attended to first.
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If an economist wishes to determine whether there is evidence that mean family income in a community exceeds $50,000, a. either a one-tail or two-tail test could be used with equivalent results. b. a one-tail test should be utilized. c. a two-tail test should be utilized. d. None of the above.
Answers
Answer:
b. a one-tail test should be utilized.
Explanation:
It can be said that the best way for the economist to make this determination would be to use a one-tail test. This is a statistical test in which the critical area of a distribution is one-sided, making it either exceed or fall short of a certain value, but not both as seen in the graph below. Which in this case, the certain value would be $50,000 and the information will be on either side. Thus showing the economist if the mean family income truly exceeds the $50,000
In the cpi, goods and services are weighted according to.
Answers
Answer:
A consumer price index (CPI) is usually calculated as a weighted average of the price change of the goods and services covered by the index.
Explanation:
The weights are meant to reflect the relative importance of the goods and services measured by their shares in total consumption of household.
An entrepreneur is a person who does not undertake a business venture.
True
False
Answers
Answer:
false
Explanation:
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Rachel wants to pursue a career in business information management. Arrange the certification/degree or training that Rachel needs for he
career growth.
certification in MIS
bachelor's degree in business
administration
training in management skills and data
storage
master's degree in business
administration
Answers
Answer:
The answer is below
Explanation:
For Rachael to pursue a career in business information management. She is expected to follow the following route one after the other.
1. training in management skills and data storage: this can be done immediately after high school
2. certification in MIS: this is a form certification, that is noteworthy. It can be done before a college or university degree.
3. bachelor's degree in business administration: this is obtained at a university level.
4. master's degree in business administration: this is often regarded as a postgraduates degree and can only be obtained after a first degree
5. career growth: after acquiring knowledge, here comes the stage to apply all the knowledge acquired in the obvious that in the real world either as an employee, inventor, or innovation.
Training in management skills and data storage, certification in MIS:, bachelor's degree in business administration:, master's degree in business administration: and career growth is the right way of doing business information management.
Why Training in management skills are important for the person?Training a development is very essential part in the management degree as it facilitates the person in giving the leadership quality and increase the confidence level of person, other important features of training are -
Communication has improved.Boost your productivity. More productive employees spend more time at work.Reduced Loss. Improved Morale.Thus, the statements are arranged above.
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Modeling character and values: what values did stumpf model to wells fargo employees? What impact might that have on the culture of wells fargo?
Answers
Every customer gets a Fargo product, according to CEO John Stumpf. Additionally, Wells Fargo acknowledged that over \(5,300\)of its workers had been fired in recent years due to questionable sales tactics. These are values did Stumpf model to wells forgo and impact of culture.
According to Stumpf model to wells forgo and impact of culture some of the strongest returns on equity in the business and a skyrocketing stock price, Wells Fargo was the darling of the banking sector. The company's leadership in cross-selling, or the sale of extra products to current clients, was praised by top management. CEO John Stumpf's catchphrase was Eight is excellent, as in eight Wells Fargo products for each client. Wells Fargo disclosed in September\(2016\)that it would pay $\(185\)million in fines for creating over \(2\)million fraudulent client accounts. It quickly became apparent that there was pressure on workers to hit
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