Blue Hamster Manufacturing Inc. just reported earnings after tax (also called net income) of $9,750,000 and a current stock price of $36.75 per share. The company is forecasting an increase of 25% for its after-tax income next year, but it also expects it will have to issue 2,900,000 new shares of stock (raising its shares outstanding from 5,500,000 to 8,400,000).
If Blue Hamster's forecast turns out to be correct and its price/earnings (P/E) ratio does not change, what does the company's management expect its stock price to be one year from now?
Answer : $30.11 per share
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Assume that the custodian of a $450 petty cash fund has $65 in coins and currency plus $382 in receipts at the end of the month. The entry to replenish the petty cash fund will include:
A. A debit to Cash for $382. B. A credit to Cash for $385. C. A credit to Cash Over and Short for $3. D. A debit to Cash for $450. E. A debit to Petty Cash for $385.
During an inflationary period, ________ is higher in LIFO than in FIFO
a. the ending inventory b. the cost of goods available for sale c. total assets d. the cost of goods sold
When a firm wants to inventory demand via a reservation system and has insufficient capacity it should lower prices selectively
Indicate whether the statement is true or false
Answer the following statement(s) true (T) or false (F)
1. The final stage in the OD model is concerned with ending engagements, or the process of separating from and exiting the client’s environment. 2. The end of the OD process is when the ownership of the change remains with the consultant. 3. Too much stability can be harmful, as can too much change. 4. While evaluation is among the final stages of the OD engagement, it is frequently omitted. 5. Evaluation does not always need to be viewed as an ending of an engagement but rather as a transition to a new beginning.