« previous next »

Author Question: Suppose you own stock in Beach Front Resort Inc which had earnings of 2.10 per share last year. If ... (Read 84 times)

madam-professor

  • Hero Member
  • *****
  • Posts: 584
on: Jun 24, 2018
Suppose you own stock in Beach Front Resort Inc which had earnings of 2.10 per share last year. If yesterday's closing price was 58.80, what is the price-earnings ratio of the stock? (Round to the nearest whole number)
 A) 4
  B) 0.04
  C) 2.8
  D) 28

Question 2

Webster Digital received a promissory note of 8,000 for 9 months at 7 simple interest from one of its customers. After 4 months, the note was discounted at Bank of Aventura at a discount rate of 10. What are the proceeds Webster Digital will receive from the discounted note? (Round to the nearest cent)
 A) 10,587.99
  B) 8,069.17
  C) 12,110.00
  D) 9,000.00


briseldagonzales

  • Sr. Member
  • ****
  • Posts: 303
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar History of the number of observed sunspots during the last 250 years, which shows the ~11-year solar
Medical assistant working in a front office area of a medical office. Medical assistant working in a front office area of a medical office.
During my research in India, I interviewed this 8-year-old girl. Mahashury is a bonded laborer who ... During my research in India, I interviewed this 8-year-old girl. Mahashury is a bonded laborer who ...
Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ... Tai chi stance with front foot pointing straight ahead and back foot at 45° angle, heels in line, ...
No payments were made on a $2,598 loan during its three-year term. What was the annually ... No payments were made on a $2,598 loan during its three-year term. What was the annually ...
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Introduction to Epilepsy

For a complete list of videos, visit our video library