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iiWavyArthur
04.10.2021 •
Business
if a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is
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Ответ:
(A) $3.9
(B) 3.84 times
(C) $0.71
(D) 9.57 times
Explanation:
(A). The computation of earning per share is shown below:
= (Net income - preference dividend) ÷ (average of outstanding shares)
where,
Average of outstanding shares = (Beginning balance of outstanding shares + ending balance of outstanding shares) ÷ 2
The other items value will remain the same
Now put these values to the above formula
So, the value would equal to
= ($128,300 - $3,500) ÷ {(26,300 shares +37,700 shares ) ÷ 2}
= $124,800 ÷ 32,000 shares
= $3.9
(B). The computation of price earning ratio is shown below:
= Market price of stock ÷ Earning per share
= $15 ÷ $3.9
= 3.84 times
(C). The computation of the payout ratio is shown below:
= Dividend per share ÷ Earning per share
where,
Dividend per share = (Annual dividend ÷ average number of outstanding shares)
= $22,700 ÷ {(26,300 shares +37,700 shares ) ÷ 2}
= $22,700 ÷ 32,000 shares
= $0.71
(D) The computation of times interest earned is shown below:
= Earning before interest and tax ÷ interest expense
= $128,300 ÷ $13,400
= 9.57 times