Last year, Rec Room Sports reported earnings per share of $9.10 when its stock price was $282.10. This year, its earnings increased by 20 percent. If the P/E ratio remains constant, what is likely to be the price of the Stock? (Round your answer to 2 decimal places.)

Answers

Answer 1

Answer:

The correct answer is "$338.52".

Explanation:

The given values are:

Market price,

= $282.10

Earning per share,

= $9.10

Earning increased,

= 20%

As we know,

⇒  [tex]PE \ ratio=\frac{Market \ price}{Earning \ per \ share}[/tex]

On substituting the given values, we get

⇒                  [tex]=\frac{282.10}{9.10}[/tex]

⇒                  [tex]=31[/tex]

Current year earnings,

=  [tex]9.10\times 120 \ percent[/tex]

=  [tex]10.92 \ per \ share[/tex]

Thus,

⇒ [tex]31=\frac{Market \ price}{10.92}[/tex]

⇒ [tex]Market \ price = 31\times 10.92[/tex]

⇒                        [tex]=338.52[/tex] ($)


Related Questions

which is am example of labeling

Answers

Answer: A reduced price tag

Explanation:

An overcurrent condition may result
from?
A) an overload
B) a short-circuit
C) a ground-fault
D) all of these

Answers

Answer:

A.an overload circuit

Explanation:

i hope that help

What are some similarities and differences between Home Depot, Target, and Petsmart?

Answers

Answer:

They all are stores and having customers and sell products but a difference is they sell different things like pet food and wood power tools

how to calculate cost of sales and gross profit​

Answers

Answer:Answer:Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales)

Describe the poverty trends in India for the period 1993 to 2012.

Answers

Answer:

There was a substantial decrease in poverty in India from about 55% in 1973 to 36% in 1993.

The proportion of people below the poverty line further came down to about 26% in 2000.

If the current trend continues then people below poverty line may come below 20% in the next few years.

Although the percentage of people below the poverty line is decreasing from 1973 the number of people living below the poverty line remain the same(about 320 million(

The latest estimate indicates a significant reduction in the number of poor to about 260 million.

what is the difference between the preservation and installment​

Answers

Answer:

Credit sales are typically of shorter duration and installment sales spread payments out over longer periods of time

Explanation:

please mark my answer as brainlist

Answer:

Explanation: An installment agreement requires the buyer of real estate to pay the seller the purchase price in installments over time; the buyer takes immediate possession of the property but the seller retains legal title as security until the buyer pays in full. An installment agreement can be a low-cost, flexible alternative to a traditional mortgage loan.

what would wages look like if there was no minimum wage?

Answers

Answer:

if changed now they'd probably stay the same

Explanation:

people aren't going to buy anything if they don't have enough money to even feed themselves so if wages were lowered, especially minimum wage, that would be pretty bad lol

Which best lists the qualifications common to someone working in Facility and Mobile Equipment Maintenance?

A) knowledge of engines, identifying and fixing problems, customer service skills, and ability to use tools and technical equipment
B) standing for long periods in uncomfortable environments, critical thinking skills, knowledge of laws and regulations, and safety knowledge
C)constantly watching for hazards, ability to deal with delays, work long hours and travel, and responsibility for others
D) identifies ways to improve a process, independence, knowledge of product supply chain, and negotiation skills

Answers

Answer:

A). Knowledge of engines, identifying and fixing problems, customer service skills, and the ability to use tools and technical equipment.

Explanation:

Facility and Mobile Equipment maintenance services primarily deal with the maintenance, mending, and servicing of the transportation expertise for cars or aircraft. Thus, the individuals working with such a company would possess a very deep and precise knowledge of the engines which assists them in upkeeping the machines without any flaw. They also deal with repairing and thus, they also possess the ability to identify and fix the problems which hinder the machine to work smoothly. Customer service skills are a must as then only they could interact with the customer to discuss the problems occurring in their machines and provide quality assistance to them. Proficiency in the use of tools and equipment aids them to fix the technical errors of aircraft or cars. Thus, option A is the correct answer.

Answer:

a

Explanation:

just did the question

Do you follow celebrity news (People Magazine, TMZ, US Weekly, E! Television or E!Online) or gossip news sites? If you don’t, consider what you know about the paparazzi and tabloids. According to what you now know about journalistic ethics, do they follow the guidelines? Why or why not?

Answers

Answer: I personally don’t really follow celebrity news because there is to much information and some of the journalists follow the guidelines because they want to do there job right if they don’t want to do there job right then they won’t even bother to follow the guidelines rules so I think there would be a 50 50 percent Chance that half would follow the guidelines rules and the other half would not follow the guidelines rules

Explanation:

Answer: I do not follow any specifically, I know that paparazzi follow celebrities around and sort of stalk them. They are overly interested in famous people's lives. Tabloids are sort of like a newspaper but with more information of drama and celeberties. They should focus on keeping the stories correct, and paying more attention they would have more reliable stories.

Which strategy best helps a famous brand company reach consumers?


selling at trade shows
sending out mailings in small towns
advertising nationally
marketing selectively

Answers

Answer:

C.) advertising nationally

Explanation:

This is the correct answer. The person above may only have a 3-star rating, but they are correct.

The correct answer is C.) advertising nationally This is the correct answer.  when The person above may only have a 3-star rating, also but they are correct.When National advertising is any advertising that is placed by a company, organization, or individual that is operated on a national or regional (multi-state) basis.

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Why do you think that it costs 20% more to feed one person alone than one person in a family?

Answers

Answer:

★ Sometimes if you buy things that are bulky it's cheaper, while making also bigger meals that you share amoungst people

Explanation:

Hope you have a great day :)

I have 1 F and 2 D's in my business class, Language arts, and science, because I have to study for another school which takes up a lot of my homework time. (Online School) Please help (┬┬﹏┬┬)

Answers

Answer:

I'm not sure how to help other than to tell you that you've got this! I am an AP and a dual-enrollment student, so I completely understand.

A local bank’s advertising reads: "Give us $50,000 today, and we’ll pay you $800 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?1.92%1.60%2.56%2.24%

Answers

Answer:

The correct response is Option b (1.60%).

Explanation:

According to the question,

Initial investment,

= $50,000

Perpetual annual cash flows,

= $800

Now,

The interest rate will be:

= [tex]\frac{Perpetual \ annul \ cash \ flows}{Initial \ investment}[/tex]

On substituting the given values, we get

= [tex]\frac{800}{50,000}[/tex]

= [tex]0.016[/tex]

i.e.,

= [tex]1.60 \ percent[/tex]

Which technologies have made global communication instant and more effective? Choose three answers.

social media
wireless devices
smart phones
automobiles
printed newspapers

Answers

The technologies that made global communication instant and more effective were social media, wireless devices, and smart phones.

The speed of communication made possible by technological developments has increased the social and economic interaction between countries, making the development of globalization possible.

Through instant communication through means that use the internet, it is possible for people to communicate from anywhere in the world quickly and cheaply.

Therefore, the effects of new communication technologies made possible business in other countries and the formation of multicultural environments.

Learn more here:

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Answer: a b c

Explanation:

just took the unit

LETS DEBATE AB ABORTION.

Answers

I’m pro choice but respect everyone’s opinion:)

Answer:

i dont like the idea of them but if  you must get one to survive then do it

Explanation:

What are three things you will need each month to balance your checking account?

Answers

Answer:

Explanation:

Balancing your account means adding up all of your debits and credits (deposits and withdrawals), then adding the result to your statement's starting balance. The result will be your current account balance. Still, balancing your checking account is a good practice.

what are the components of micro environment​

Answers

Explanation:

the factors or elements in a firm's immediate environment which affect its performance and decision-making; these elements include the firm's suppliers, competitors, marketing intermediaries, customers and publics.

hope this helped :)

An example of this operating expense is checkout counters.

1) Advertising
2) Fixtures
4) Rent
5) Equipment

Answers

Im pretty sure its 2) Fixtures

Sorry if its wrong

Answer:

On EDGE it's A. Fixtures

Explanation:

The answers are listed wrong here for the edge question but it is fixtures for either.

On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 8% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?

Question 1 options:

$46,789.33


$217,245.21


$98,514.57


$312.589.66


$187,518.64


$209,987.33


Question 2 (4 points)
Saved
On Jordan's 20th birthday he decides to invest 10,000 that he has saved. He will not be adding any money to the initial investment. He projects that the investment will earn 10% per year. Based on these assumptions, how much money should Jordan expect to have when he turns 60?

Question 2 options:

$452,592.56


$278,582.56


$427,986.56


$438,478.56


$397,567.56


$301,578.66


Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9% over the next 30 years. How much will she have at the end of the 30 years?

Question 3 options:

$689,364.25


$254,369.25


$674,689.33


356,543.89


$701,055.34


$722,066.88


Shakeria wants to start investing. She decides to put $1,000 in her investment account and then decides to add $5,200 (which is one hundred dollars per week) into the account at the end of each year. She expects her investments to earn an average of 9%, and is investing over the term of 40 years. How much will she have at the end of the 40 years?

Question 4 options:

1,238,547.66


1.788,398.13


1,897,384.66


1,254,642.98


2,121,361.87



Randolph has $20,000. He invests his money and expects to earn 9% on the investment. Approximately how many years will it take for his investment to become $80,000? Use the rule of 72 to figure this out.

Question 5 options:

30


18


8


16


12


24

Question 6 (4 points)
Use the rule of 72 to determine the following investment result. Amaya has $10,000. She expects to earn 7.2% on her investments portfolio. How long will it take forher investment to double?

Question 6 options:

10 years


9 years


8 years


7 years


11 years


7.2 years


Question 7 (4 points)
Which of the following inestments would be considered the most liquid?

Question 7 options:

Real Estate


A one year CD


A standard savings account


A 401k


Question 8 (4 points)
Which type of account would most financial advisors prefer for you to keep your reserve fund? Choose the best answer.

Question 8 options:

403b


529


401k


savings account


checking account


Question 9 (4 points)
Saved
Jair invested his money and earned 12% over the last year. Over the same duration, the inflation rate was 4%. What is his real rate of return.

Question 9 options:

4%


8%


12%


16%


Question 10 (4 points)
Makeria bought an investment for $300 and sold it two years later for $360. What was her ROI in Dollars?

Question 10 options:

$360


$60


.20


$300


Question 11 (4 points)
Makeria bought an investment for $300. Two years later she sold it for $360, what was her total ROI as a percentage?

Question 11 options:

20%


10%


360%


300%


Question 12 (4 points)
Makeria Invested $300 and then sold her investment 2 years late for a total of $360. What was her average annual ROI? (choose the closest answer)

Question 12 options:

20%


10%


360%


300%

Answers

46,789.33 I think it’s the answer

1. Which of the following is the money or other resources needed to pay for a part or
parts of the company?
A. Investment
B. Purchasing cost
C. Grant
D. Finance

Answers

Answer:

A. Investment

Explanation:

The money that you need to pay to purchase and acquire a part of a company is an investment. This investment can be used, for example, to buy stock. A stock is a title of ownership of a company for the percentage of the company that the stock represents. If I own 100 stocks that represent 1% of a company, then, I own 1% of that company. In other words, my investment (my money) is worth 1% of said company.

Preliminary interviews are only required for the highest paying positions.

True or False?

Answers

False, because there’s lots that r like that

Warren peace bookstore issues a note with no stated interest rate in exchange for a building. in accounting for the transaction:

Answers

Answer:

the options are missing, so I looked for them.  

the options are:

The note is recorded at its face amount unless the fair value of the building is readily available. The building should be depreciated over the note’s term to maturity. Both the note and building are recorded at the fair value of the note or the fair value of the building, whichever is more clearly determinable. If fair values of the note and building are unavailable, the note should be recorded at its face amount.

The correct answer is:

4. If fair values of the note and building are unavailable, the note should be recorded at its face amount.

10. Which type of utility do you believe has the greatest impact on price? Explain

Answers

Answer: Place utility

Explanation:

The type of utility that is believed to have the greatest impact on price is the place utility. Place utility simomy means making of goods available to the customers when they're needed.

The place or location where customers but their products is vital to customers as they put values on products based on the place utility. This can be seen as companies make sure that their products are easily accessible to their customers.

The economic survey 2018 suggest that the psychological biases can be used in the realm of tax compliance. It is in favour of using religious norms such "dying in debt is a sin" to improve tax compliance. Identify the related dimensions of business environment. Answer (a) Legal and social dimension (b) Social, and economic dimension (c) Technological and political dimension (d) Political and economic dimension

Answers

Answer:

(b) Social, and economic dimension

Explanation:

The dimensions of a business environment refers to the various factors that must be taken into consideration so as to have a sustainable business in a particular environment. These factors include the economic, legal, social, technological and political policies guiding a particular environment. If these factors are disregarded, the business can easily crumble.

In the question above, social factors that involve the incorporation of norms, values, beliefs, traditions, impact, and social trends ensures the smooth running of the business.

In the economic dimension, economic policies and systems that include taxes, interest rates, unemployment rate, stock market indices, etc. play a key role in the success of the business.

Research cultural business communication etiquette for a country outside of the USA, and list 5 tips for successful cultural communication and etiquette in a business setting. Include the name of your country, the 5 tips (bulleted statements) and the website URL of your research used.

Answers

Answer:

wow

Explanation:

Adams Manufacturing allocates overhead to production on the basis of direct labor costs. At the beginning of the year, Adams estimated total overhead of
$322,500; materials of $405,000 and direct labor of $215,000. During the year Adams incurred $413,000 in materials costs, $414,800 in overhead costs and
$219,000 in direct labor costs. Compute the predetermined overhead rate.

Answers

Answer:

150%

Explanation:

Computation of the predetermined overhead rate

Using this formula

Predetermined overhead rate=Estimated overhead/Estimated direct labor cost

Let plug in the formula

Predetermined overhead rate=$322,500/ $215,000

Predetermined overhead rate=1.5*100

Predetermined overhead rate=150%

Therefore Predetermined overhead rate will be 150%

What is one way in which bonds do not generate income for investors?


Bonds appreciate in value.
Bonds pay interest.
Bonds pay a specified amount at maturity.
Bonds pay dividends.

Answers

Answer:

D. Bonds pay dividends

Explanation:

Just finished the test :)

The way in which bonds do not generate income for investors is that Bonds pay dividends.

What is a bond?

A bond is known to be a kind of loan that is often obtained from any investor.

The borrower who is said to borrow he money often uses it for different kinds of purpose and the investor receives interest in form of dividend.

Learn more about bond from

https://brainly.com/question/25596583

insurance is the way a person or business is protected from :
losing interest
losing money
losing value
losing investments

Answers

Answer:

losing money

Explanation:

Helps save you from the out of pocket expense if something bad were to happen.

For example if your roof was damaged by a natural disaster it could cost thousnads of dollars out of a persons pocket.

Insurance will pay the cost to repair it allowing you to be protected from losing money.

A 60-year old customer has a 401(k) account with your firm that has $280,000, mainly invested in growth mutual funds. The customer has an elderly widowed aunt who has died, and he estate attorney has contacted him, notifying him that he has been left $100,000 as an inheritance

Answers

Answer:

Money market instruments is the best place for the investment.

Explanation:

Money market instruments are securities that provide businesses, banks, and the government with large amounts of low-cost capital for a short period of  time, less than a year. Most of the money market instruments such as treasury bills, commercial papers, certificate of deposits etc provide fixed returns so this money market instrument is considered the best for investing money for good profit.

The opposite of 'always' is
(i)
(ii) never
ever
(iii) frequent (iv) often
Ans.​

Answers

the opposite of always is

never ever

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