If the average PE ratio for the construction industry is 15 and earnings per share for Lincoln Builders is $2.35, what is the current price of Lincoln's stock?
A) $17.35
B) $6.38
C) $35.25
D) $0.16
E) $17.63
C
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In a short essay, define standardization and include a discussion of beta coefficient and standardized regression coefficient to support your answer
What will be an ideal response?
Which of these laws came about as a response to the 1960s grassroots movement known as consumerism?
A. FTC Act B. Consumer Product Safety Act C. Robinson-Patman Act D. Clayton Act E. Digital Millennium Copyright Act
Vinall Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:?Budgeted selling price per unit$85?Budgeted unit sales (all on credit):?? July9,400? August11,700? September10,300? October11,200?Raw materials requirement per unit of output2 pounds?Raw materials cost$2.00 per pound?Direct labor requirement per unit of output2.1 direct labor-hours?Direct labor wage rate$25.00 per direct labor-hourCredit sales are collected: 30% in the month of the sale 70% in the following monthRaw materials purchases are paid: 20% in the month of purchase 80% in the following monthThe ending finished goods inventory should equal 20% of the following month's sales. The ending raw
materials inventory should equal 20% of the following month's raw materials production needs.Required: a. What are the budgeted sales for August?b. What are the expected cash collections for August?c. According to the production budget, how many units should be produced in August?d. If 20,960 pounds of raw materials are needed for production in September, how many pounds of raw materials should be purchased in August?e. What is the estimated cost of raw materials purchases for August?f. If the cost of raw material purchases in July is $40,688, then in August what are the total estimated cash disbursements for raw materials purchases?g. What is the total estimated direct labor cost for August assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? What will be an ideal response?
Joe borrowed $10,000 at 10% per year and promised to pay it back in equal annual installments at
the end of each of the next 5 years. Joe's payment will be $2,100 [($10,000/5 ) + ($10,000 × 10%)]. Indicate whether the statement is true or false