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2 days ago

Dove, Inc., had additions to retained earnings for the year just ended of $643,000. The firm paid out $40,000 in cash dividends,

and it has ending total equity of $7.38 million. a. If the company currently has 750,000 shares of common stock outstanding, what are earnings per share? Dividends per share? What is book value per share? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) b. If the stock currently sells for $30.80 per share, what is the market-to-book ratio? The price-earnings ratio? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) c. If total sales were $10.68 million, what is the price-sales ratio? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

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When the price of a bar of chocolate is $1.00, the quantity demanded is 100,000 bars. When the price rises to $1.50, the quantit

arsen [3447]

Answer:

a. -1.25

b. -1.25

Explanation:

Price elasticity measures how demand varies with price fluctuations.

The formula is:

= % change in Quantity / % change in Price

a. If the price moves from $1.00 to $1.50, the elasticity of demand will be:

% change in Quantity calculated using the midpoint method;

$=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{60,000 - 100,000}{\frac{100,000 + 60,000}{2}} \\\\= -0.5$

% Change in Price calculated with the midpoint formula

$=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.5 - 1.00}{\frac{1.00 + 1.50}{2} } \\\\= 0.4$

= -0.5/0.4

=-1.25

b. If the price decreases from $1.50 to $1.00, the elasticity of demand is:

% change in Quantity calculated using the midpoint formula;

$=\frac{Q2 - Q1}{\frac{Q1 + Q2}{2} } \\\\= \frac{100,000 - 60,000}{\frac{100,000 + 60,000}{2}} \\\\= 0.5$

% Change in Price calculated using the midpoint formula

$=\frac{P2 - P1}{\frac{P1 + P2}{2} } \\\\= \frac{1.00 - 1.50}{\frac{1.00 + 1.50}{2} } \\\\= -0.4$

= 0.5/-0.4

= -1.25

7 0

2 months ago

Cost of beginning work in process inventory is $250,000; costs incurred this period include an additional $500,000 and cost of e

Nady [3600]

Answer:

The cost of goods manufactured equals 650,000.

Explanation:

Based on the following details:

Beginning inventory= $250,000

Cost accumulated during the period= $500,000

Ending work in process inventory= $100,000.

To find the cost of goods manufactured, apply this formula:

cost of goods manufactured= beginning WIP + cost incurred - Ending WIP

cost of goods manufactured= 250,000 + 500,000 - 100,000

cost of goods manufactured= 650,000

4 0

3 months ago

Lucas is in first grade and works hard to print his alphabet letters on the lines on his notebook paper. in which direction is t

soldi70 [3635]

<span>Lucas's motor skills are evolving from his midline toward his outer limbs. This process resembles crossing the midline, where a child masters bilateral skills enabling them to perform actions like touching an elbow, crossing both ankles, or having Lucas read from left to right.</span>

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3 months ago