« 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 156 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?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

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?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Cheetah front and hind feet, as illustrated in Pocock's The Fauna of British India, including C Cheetah front and hind feet, as illustrated in Pocock's The Fauna of British India, including C
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
Women who are monozygotic twins and have the same genes are more similar in their marital happiness Women who are monozygotic twins and have the same genes are more similar in their marital happiness
Effleurage to leg and around hip joint. Slide palms over the front of the leg as a connecting and ... Effleurage to leg and around hip joint. Slide palms over the front of the leg as a connecting and ...
Formation of an Occluded Front Formation of an Occluded Front
Research that has examined babies' ability to recognize themselves develops in the 2 year Research that has examined babies' ability to recognize themselves develops in the 2 year
Video: Rods and Cones Animation

For a complete list of videos, visit our video library