Answer:
Price per share of MGDI's stock is $78
Explanation:
Earnings per share=Total earnings/Shares of common stock outstanding
=(13/2)=$6.5
PE ratio=Stock price/Earnings per share
Stock price=$6.5*12
=$78.
Answer:
a. 244,662,000
b. 155,654,000
c. 63.62%
d. 7.92%
Explanation:
a. the adult population
Adult population = Number of employed + Number of unemployed + Number of people not included in labor force
= 143,322,000 + 12,332,000 + 89,008,000
= 244,662,000
b. the labor force
Labor force = Number of employed + Number of unemployed
= 143,322,000 + 12,332,000
= 155,654,000
c. the labor-force participation rate
Labor-force participation rate = Labor force ÷ Adult population × 100
= 155,654,000 ÷ 244,662,000 × 100
= 63.62%
d. the unemployment rate
Unemployment rate = Number of unemployed ÷ Labor force × 100
= 12,332,000 ÷ 155,654,000 × 100
= 7.92%
The Bureau of Labour Statistics announced is:
A. The adult population = Employed + Unemployed + Not in the labour force
The adult population = 143,322,000 + 12,332,000 + 89,008,000
The adult population = 244,662,000
B. The labour force = Employed + Unemployed
The labour force = 143,322,000 + 12,332,000
The labour force = 155,654,000
C. The labor-force participation rate = (Labour force / Adult population) × 100
The labor-force participation rate = 155,654,000 ÷ 244,662,000 × 100
The labor-force participation rate = 63.62%
D. The unemployment rate = Number of unemployed ÷ Labour force × 100
The unemployment rate = 12,332,000 ÷ 155,654,000 × 100
The unemployment rate = 7.92%
Therefore, a. 244,662,000, b. 155,654,000, c. 63.62%, d. 7.92%
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Question:
Early in 2020, Cullumber Equipment Company sold 500 Rollomatics at $6,300 each. During 2020, Cullumber spent $20,000 servicing the 2-year assurance warranties that accompany the Rollomatic. All applicable transactions are on a cash basis.
a. Prepare 2020 entries for Cullumber.
Assume that Cullumber estimates the total cost of servicing the warranties in the second year will be $34,000.
b. Prepare 2017 entries for Coronado assuming that the warranties are not an integral part of the sale (a service-type warranty).
Assume that of the sales total, $51,000 relates to sales of warranty contracts.
Coronado estimates the total cost of servicing the warranties will be $50,000 for 2 years.
Estimate revenues to be recognized on a straight-line basis.
Answer:
a.
Cash -------------------------------------_-_---------$3,150,000
Sales (to record sales of rollomatics) ----------------------------- $3,150,000
Warranty Expenses ------------------------ $20,000
Cash (Warranty Cost Incurred)------ -_-------------------_-----------. $20,000
Warranty Expenses -----_----- $14,000
Estimated Liabilities under Warranty (to accrue estimated warranty cost) -------- $14,000
b.
Cash ---- -----------_------------------------------- $3,150,000
Sales --------------------_------------------------------------------$3,099,000
Unearned Warranty Revenue ----------------------------- $51,000
(To record the sale of Rollomatics
Warranty Expenses ------------------------ $20,000
Cash (Warranty Cost Incurred)------ -_-------------------_-----------. $20,000
Unearned Warranty Revenue ------------------------ $25,000
Warranty Revenue (To recognise revenue earned)------ -_-------------------_-----------. $25,000
Answer:
The answer is True
Explanation:
Answer:
137,000
Explanation:
Jan Feb March
Units produced 94000 80000
Raw materials 26,000
Raw materials 213800 239800 295800
Ratio of raw material to a product is 2:1
Ending inventory = 30% of next month production
Represent budgeted production in February by F
239800=2F + (80000*2*30%)-(2F*30%)
239800 = 2F +48000 =0.6F
239800-48000=2F-0.6F
191800=1.4F
F= 191800/1.4 =137000
Answer:
Direct material= $340
Explanation:
Giving the following information:
Direct labor $540
Beginning work in process inventory $330
Ending work in process inventory $420
Cost of goods manufactured $1620
Manufacturing overhead $830
To calculate the direct material used in production, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
1,620= 330 + DM + 540 + 830 - 420
Direct material= $340
Answer:
4.1 years
Explanation:
The payback period is the time it takes the project to recover the initial investment required to carry it out.
We are not given any information about the actual yearly revenues and costs, but you give the average net cash flow per year, so we can use that amount to calculate the payback period:
the payback period = total investment / net cash flow = $11,500,000 / $2,779,548 = 4.137 ≈ 4.1 years