Suppose you own stock in Beach Front Resort Inc which had earnings of $2.10 per share last year. If yesterday's closing price was $58.80, what is the price-earnings ratio of the stock? (Round to the nearest whole number)
A) 4
B) 0.04
C) 2.8
D) 28
D
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An adjusting entry that increases an asset and increases a revenue is known as a(n):
A. Deferred revenue. B. Accrued revenue. C. Depreciation. D. Deferred expense. E. Accrued expense.
______ is defined as the ability to understand and influence others for the good of the organization.
A. Political skill B. Leadership inversion C. Politics D. Visibility
Registration under the Lanham Act provides important advantages to a trademark owner that has used the trademark in interstate or foreign commerce, but it does not
A. guarantee protection under the Trademark Law Revision Act. B. confer ownership. C. provide reciprocity with foreign firms allowing their trademarks to be honored here. D. prevent other firms from obtaining similar trademarks for significant improvements on the original product. E. allow a trademark to be used for more than 83 years.
If the opportunity cost rate is 8 percent, compounded annually, what is the present value of $8,200 due to be received in 12 years?
A. $3,068 B. $3,256 C. $3,552 D. $3,688 E. $3,854