In 2013, ABC Corporation had total earnings of $200 million and 40 million shares of the corporation's stock were outstanding. If the price-earnings ratio for ABC is 20, then what is the price of a share of its stock?
a. $5
b. $10
c. $80
d. $100
d
Economics
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Not having to pay for a good leads to:
A. oversupply. B. overconsumption. C. underconsumption. D. irrational consumption.
Economics
If P equals $10, Q equals 2 million, and M equal $4 million, what is the velocity of money?
a. 5 b. $800,000 c. $6 million d. $204 million
Economics
If your cell phone bill is $40 when you use up to 300 minutes per month or $80 when you use between 300 and 400 minutes per month, the marginal cost of the 301st minute is:
A. $40. B. $80. C. $0.27. D. $0.13.
Economics
If interest rates are positive, one dollar today is worth
A. nothing. B. more than a dollar a year from now. C. the same as a dollar a year from now. D. less than a dollar a year from now.
Economics