A company reported net income of $78,000 and had 15,000 common shares outstanding throughout the current year. At year-end, the price per share of the company's stock was $49.40. What is the company's year-end price-earnings ratio?
What will be an ideal response?
| Earnings per share = $78,000/15,000 shares = $5.20 per share |
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Your favorite magazine, Fun with Present Value, offers you four different subscription deals for the next four years. It has guaranteed its current and future subscription rates, as shown below. Which will you take, if your annual rate of discount is 6 percent and you want to get the magazine for four years?
A. A one-year subscription for $24, followed by a one-year renewal each year for $24 each year. B. A two-year subscription for $45, followed by a two-year renewal for $48. C. A three-year subscription for $72, followed by a one-year renewal for $24. D. A four-year subscription for $89.
Whether a law is substantive or procedural is one way that laws are categorized
a. True b. False
In an ideal world, which of the following would be used to evaluate firm performance?
A) accounting assets and profits B) book value of assets C) market value of assets D) corporate retained earnings from the day of incorporation
A whole range of public and private organizations market beliefs that are meant to change how people think or act. This is referred to as _____.
A. peoplemarketing B. placemarketing C. eventmarketing D. ideamarketing