383.52 to the nearest tenth

A good indicator of the value of a company is the ratio of the price of its stock to its yearly earnings expressed as dividends.

gulaghasi [49]

Answer:

4.92 cents

Step-by-step explanation:

The Price to Earnings or P/E is the ratio of the price of its stock to its yearly earnings expressed as dividends.

The price of a stock is $36 and it's earnings are $3.00

This means the price to earnings ratio,

P/E = 36/3 = 6

Let us express this ratio as percentage. This becomes

36/3 ×100 = 1200%

This means the ratio of price to earnings = 1200%

For an increase of 20%, the ratio of price to earnings will be = 1200 + 20 = 1220%.

Let x be the the value of earnings that would increase the ratio by 20%

36/3 × 100 = 1200%

36/x × 100 = 1220℅

3600/x = 1220

x = 3600/1220 = $2.9508

The amount by which the earnings must decrease in order that the P/E ratio increases by 20% will be

$3 - $2.9508 = $0.0492.

Converting to cents, we multiply by 100. It becomes

0.0492×100 = 4.92 cents

3 0

2 years ago

Jeremy has two pieces of what one is 90 inches and the other is 72 inches he want to cut the pieces of wood in the smaller piece

shusha [124]

The gcf of 90 and 72 is 18, so i divided both of them by 18 and i got 4 and 5, in total he would 9 pieces of wood

5 0

2 years ago

The annual interest rate of Marta's savings account is 7.2% in a simple interest is calculated quarterly. What is the periodic i

kkurt [141]

1. You have the following information:

-The annual interest rate is 7.2%.
- The simple interest is calculated quarterly.

2. Then, to solve this exercise and calculate the periodic interest rate of Marta's Account, you only have to divide the annual interest rate (7.2%) by 1/4 year. So, you have:

=(7.2%)(1/4)
=(7.2%)/4
=1.8%

What is the periodic interest rate of Marta's Account?

The answer is: 1.8%

7 0

2 years ago

Tiffany buys a basket of watermelons on sale for \$9$9dollar sign, 9 before tax. The sales tax is 9\%9%9, percent. What is the t

vladimir2022 [97]

Given that the basket of watermelons sells for $9 before tax and the tax rate is 9%.

The tax on the basket of watermelons is given by

$\frac{9\%}{100\%} \times\$9=0.09\times\$9 \\ \\ =\$0.81$

Therefore, the total price Tiffany pays for the basket of watermelons is $9 + $0.81 = $9.81

8 0

2 years ago

Read 3 more answers

Suppose you are an expert on the fashion industry and wish to gather information to compare the amount earned per month by model

Ann [662]

Answer:

(1) The degrees of freedom for unequal variance test is (14, 11).

(2) The decision rule for the 0.01 significance level is;

If the value of our test statistics is less than the critical values of F at 0.01 level of significance, then we have insufficient evidence to reject our null hypothesis.

If the value of our test statistics is more than the critical values of F at 0.01 level of significance, then we have sufficient evidence to reject our null hypothesis.

(3) The value of the test statistic is 0.3796.

Step-by-step explanation:

We are given that you are an expert on the fashion industry and wish to gather information to compare the amount earned per month by models featuring Liz Claiborne's attire with those of Calvin Klein.

The following is the amount ($000) earned per month by a sample of 15 Claiborne models;

$3.5, $5.1, $5.2, $3.6, $5.0, $3.4, $5.3, $6.5, $4.8, $6.3, $5.8, $4.5, $6.3, $4.9, $4.2 .

The following is the amount ($000) earned by a sample of 12 Klein models;

$4.1, $2.5, $1.2, $3.5, $5.1, $2.3, $6.1, $1.2, $1.5, $1.3, $1.8, $2.1.

(1) As we know that for the unequal variance test, we use F-test. The degrees of freedom for the F-test is given by;

$\text{F}_(_n__1-1, n_2-1_)$

Here, $n_1$ = sample of 15 Claiborne models

$n_2$ = sample of 12 Klein models

So, the degrees of freedom = ( $n_1-1, n_2-1$ ) = (15 - 1, 12 - 1) = (14, 11)

(2) The decision rule for 0.01 significance level is given by;

If the value of our test statistics is less than the critical values of F at 0.01 level of significance, then we have insufficient evidence to reject our null hypothesis.

If the value of our test statistics is more than the critical values of F at 0.01 level of significance, then we have sufficient evidence to reject our null hypothesis.

(3) The test statistics that will be used here is F-test which is given by;

T.S. = $\frac{s_1^{2} }{s_2^{2} } \times \frac{\sigma_2^{2} }{\sigma_1^{2} }$ ~ $\text{F}_(_n__1-1, n_2-1_)$

where, $s_1^{2}$ = sample variance of the Claiborne models data = $\frac{\sum (X_i-\bar X)^{2} }{n_1-1}$ = 1.007

$s_2^{2}$ = sample variance of the Klein models data = $\frac{\sum (X_i-\bar X)^{2} }{n_2-1}$ = 2.653

So, the test statistics = $\frac{1.007}{2.653 } \times 1$ ~ $\text{F}_(_1_4,_1_1_)$

= 0.3796

Hence, the value of the test statistic is 0.3796.

3 0

2 years ago