This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Suppose you own stock in National Advertising which had earnings of 2.50 per share last year. If ... (Read 57 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Jun 24, 2018
Suppose you own stock in National Advertising which had earnings of 2.50 per share last year. If yesterday's closing price was 41.50, what is the price-earnings ratio of the stock? (Round to the nearest whole number)
 A) 6:1
  B) 1:17
  C) 4:1
  D) 17:1

Question 2

Innovative Engineering received a promissory note of 15,500 at 11 simple interest for 15 months from one of its customers. After 3 months, Union Bank discounted the note at a discount rate of 13. Calculate the proceeds that Innovative Engineering will receive from the discounted note. (Round to the nearest cent)
 A) 18,855.17
  B) 16,495.62
  C) 15,339.19
  D) 12,456.22


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

succesfull

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

C


neverstopbelieb

  • Member
  • Posts: 534
Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen- On May 15, 1916, after deliberating for one hour, an all-white jury in Waco, Texas, found seventeen-
How to create a table of values displaying commission and earnings (Question 2) How to create a table of values displaying commission and earnings (Question 2)
ADHD (Stock photo) ADHD (Stock photo)
Video: System organization - PPM system types (Somatic, Autonomic & Enteric) and Reflex arc types

For a complete list of videos, visit our video library