# In June 2007 General Motors (GM) posted a price-earnings ratio of 9.84. Ifthe price of the stock at that time was \$36 per share, which of the followingmust have been true?a. GMâs earnings per share was 3.66.b. GMâs coupon payment was \$35 per year.c. GMâs dividend yield for the year was 26%.d. GMâs revenues that month were \$366 million.

General Motors (GM)

If  the price of the stock at that time was \$36 per share, the true statement is:

a. GM's earnings per share was 3.66.

Explanation:

a) Data and Calculations:

Price-earnings ratio = 9.84

Market price of stock at that time = \$36 per share

Earnings per share = Market price per share/Price-earnings ratio

= \$36/9.84 = 3.659

= \$3.66

Check:

Price-earnings ratio = Market price per share/Earnings per share

= 9.84 (\$36/\$3.66)

## Related Questions

Sheridan Company signed a three-month, zero-interest-bearing note on November 1, 2020 for the purchase of \$497000 of inventory. The face value of the note was \$509000. Sheridan used a "Discount of Note Payable" account to initially record the note. Assuming that the discount will be amortized equally over the 3-month period and that there was no adjusting entry made for November, the adjusting entry made at December 31, 2020 will include aa. debit to Discount on Note Payable.b. debit to Interest Expense .c. credit to Discount on Note Payable.d. credit to Interest Expense.

Explanation:

The journal entry to record the note payable at discount

Cash A/c Dr \$497,000

Discount on Note payable A/c  Dr \$12,000

To Note Payable A/c \$509,000

(Being the note payable is recorded at discount)

Now we know that the discount is for 3 months but we have to calculated for 2 months only i.e from November 1 to December 31

So, the discount would be

= \$12,000 × 2 months ÷ 3 months

= \$8,000

And the journal entry is

Interest Expense A/c Dr \$8,000

To Discount on Note payable A/c \$8,000

(Being the interest expense is recorded)

Workplace technology is relied upon by businesses to increase _____________. Employee turnover Philanthropy Efficiency and effectiveness Malfunction and futility

Workplace technology is relied upon by businesses to increase _____________.

Efficiency and effectiveness

Explanation:

Workplace technology including the use of computer systems, internet, and other communication and information devices has propelled manufacturing and eased communication.  Technology has exponentially improved the rate of production and speed at which business occurs. Technology in the workplace has helped factory and administrative workers to become more efficient than ever before with the automation of the many processes.   As efficiency is increased, so has effectiveness in the production of desired results been improved tremendously.  For instance, a process or set of processes that used to take hours now can take only minutes.

Assume there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to conversion costs. Under the weighted-average method, the number of equivalent units of production with respect to conversion costs would be: A) the same as the units completed. B) less than the units completed. C) the same as the units started during the period. D) less than the units started during the period.

The equivalent units of production for conversion costs under the weighted-average method would be less than the units started during the period, given that the ending work in process inventory is only 70% complete in terms of conversion costs. Therefore, the answer is D) less than the units started during the period.

### Explanation:

The subject in question relates to cost accounting, dealing with the concept of equivalent units of production. To calculate the equivalent units of production for conversion costs using the weighted-average method, you consider both the work completed during the current period and the work in process at the ending of the period. Since there is no beginning inventory, you focus solely on the units started and completed during the period and the state of the ending work in process inventory. The resulting equivalent units of production for conversion costs would be less than the units started during the period. Thus, the answer should be D) less than the units started during the period, considering that the work in process at the end of the period is only 70% complete with respect to conversion costs.

brainly.com/question/34561269

#SPJ6

Under the weighted-average method, the number of equivalent units of production with respect to conversion costs would be less than the units started during the period. This is because the ending work in process inventory is only 70% complete with respect to conversion costs, and therefore, cannot be considered a full unit.

### Explanation:

Under the weighted-average method, the equivalent units of production are usually determined for each cost component. In your case, we're considering conversion costs.

So if there was no beginning work in process inventory and the ending work in process inventory is 70% complete with respect to conversion costs, we can determine the equivalent units of production. Barring any other factors, the equivalent units of production for conversion costs would be calculated as the sum of the units completed and the equivalent units in ending work in process inventory.

Formula: Equivalent Units = Units completed + Units in ending work in process inventory (multiplied by the percentage of completion with respect to conversion costs)

Therefore, the number of equivalent units of production with respect to conversion costs under the weighted-average method would be less than the units started during the period because the units in ending work in process are not fully complete. They are only 70% complete with respect to conversion costs, and cannot be considered as a full unit.

brainly.com/question/24130824

#SPJ2

When small describes how his customers choose to purchase his clothes (by evaluating that his brand is environmentally conscientious, whereas most other brands are not), which condition of exchange is being met?

The condition of exchange that is being met when Small describes how his customers choose to purchase his clothes (by evaluating that his brand is environmentally conscientious, whereas most other brands are not) is that each party believes it is appropriate or desirable to deal with the other party.

The operations manager at a chemical company that produces insecticide for use in commercial applications is attempting to set a safety stock level for a key ingredient that is used in their most powerful product. She believes that demand during lead time for this ingredient is normally distributed based on past data. In addition, she believes that future use is accurately depicted by these historical demand-duringlead-time data (in gallons): 55, 75, 75, 70, 80, 60, 50, 70, 60, and 85. She estimates the standard deviation of demand during the lead time to be 8.5 gallons. a. What is the average demand during the lead time for this key ingredient?
b. What is the safety stock they need to provide a 95% service level?
c. What is the order point the company should use?

a) Average demand during the lead time = Sum of all the historical demand during lead time / Number of periods

= (55+75+75+70+80+60+50+70+60+85) / 10

= 680 / 10

= 68 gallons

At 95% service level,value of Z = 1.65

Safety stock = Z(\sigmadL) = 1.65(8.5) = 14.03 gallons

c) Reorder point = Average demand during the lead time + Safety stock

= 68 + 14.03

= 82.03 gallons

An economist has conducted extensive research and has found that jones cola is a substitute for tucker cola. ceteris paribus, the price of jones cola increases. the impact on the demand curve for tucker cola is a(n):