Answer:
$1.7; 44 times
Explanation:
a) EPS(20X1):
= Earnings after taxes / Number of shares
= $340,000 / 200,000
= $1.7
P/E ratio(20X1):
= Price / EPS
= $74.80 / $1.7
= 44 times
EPS(20X2):
= Earnings after taxes / Number of shares
= $378,000 / 200,000
= $1.89
P/E ratio(20X2):
= Price / EPS
= $83.00 / $1.89
= 43.92 times
Answer:
Price elasticity of demand = Change in Quantity/ Change in Price
Using midpoint formula;
Change in Quantity ;
Change in Price;
Price elasticity of demand = -0.342/0.118
= -2.90
Demand is elastic, so decreasing ticket prices will increase revenue.
When the elasticity is larger than 1 it means that a 1% change in price will change demand by more than 1%. In this case, a a decrease of price by 1% will bring 2.9% increase in customers.
Answer:
Option A is correct one.
Competing
Explanation:
When one person seeks to satisfy his or her own interests regardless of the impact on the other parties to the conflict, that person is using the conflict-handling intention of <u>Competing.</u>
When one person seeks to satisfy his or her interests regardless of the impact on the other parties to the conflict, he is competing. The competition involves authoritative and assertive behaviours.
Answer:
maximum sum of $891.00
Explanation:
given data
Face Value = $1,000
Annual Coupon Rate = 9.50%
Time to Maturity = 15 years
yield to maturity = 11%
to find out
maximum price you should be willing to pay for the bond
solution
we know that Semiannual Coupon Rate will be = 4.75%
so semiannual Coupon will be = Semiannual Coupon Rate × Face Value
semiannual Coupon = 4.75% × $1,000
Semiannual Coupon = $47.50
and Semiannual Period will be for 15 year = 30
and Semiannual yield to maturity will be here YTM = 5.50%
so
Current Price will be here
Current Price = Semiannual Coupon × 
+ 
...................1
put here value
Current Price = $47.50 × 
+ 
Current Price = $891.00
so pay a maximum sum of $891.00
Answer:
Interest expense to be recorded on Dec 31 2018= $8425
Explanation:
Lets first understand what adjusting entry is? Adjusting entries are entries passed at the reporting date in order to comply to the accruals concept of accounting. Accruals concept requires entities to record revenue and expenses in the period that they occur and should not wait until they are received or paid respectively. Revenues and expenses should be matched for the period and recorded.
Now that we have understood adjusting entry, lets calculate interest expense that should be recorded on December 31 2018. So Arch Services records interest payment on a semi-annul basis (i.e every 6 months). Now the bonds are issued on November (i.e two months to the reporting date), considering the accruals concept Arch Services will have to record interest for two months.
The interest expense is calculated as follows:
Annual Interest= $337000×15%
Annual Interest= $50550
Lets convert it into monthly basis as follows:
Monthly interest expense= $4212.5
Interest for two months would be = $4212.5×2
Interest expense to be recorded on Dec 31 2018= $8425
