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Home Question Bank Economics Archive 2024 December 13

Economics Questions from Dec 13,2024

Browse the Economics Q&A Archive for Dec 13,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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A small company is started up that makes blankets. The company sells a total of 4,000 shares at \( \$ 20 \) each to raise money to start the business. At the end of the year, the company makes \( \$ 28,000 \) in profits and pays out \( \$ 8,000 \) in dividends Complete parts (a) through (f) below. (e) What is the dividend in dollars per share? The dividend per share is \( \$ 2.00 \) (Simplify your answer. Do not include the \( \$ \) symbol in your answer. Round to two decimal places as needed.) (f) What is the dividend as a percentage of the share price? The dividend per share is \( \square \% \) of the share price. (Simplify your answer. Round to one decimal place as needed.) A small company is started up that makes blankets. The company sells a total 4,000 shares at \( \$ 20 \) each to raise money to start the business. At the end of the year, the company makes \( \$ 28,000 \) in profits and pays out \( \$ 8,000 \) in dividenc Complete parts (a) through (f) below. (d) What is the PE ratio? The PE ratio is 2.857 . (Simplify your answer. Round to three decimal places as needed.) (e) What is the dividend in dollars per share? The dividend per share is \( \$ \square \) (Simplify your answer. Do not include the \( \$ \) symbol in your answer. Round to two decimal places as needed.) Part 4 of 6 A small company is started up that makes blankets. The company sells a total of 4,000 shares at \( \$ 20 \) each to raise money to start the business. At the end of the year, the company makes \( \$ 28,000 \) in profits and pays out \( \$ 8,000 \) in dividends. Complete parts (a) through (f) below. (c) What is the earnings per share? The earnings per share is \( \$ 7.00 \). (Simplify your answer. Do not include the \( \$ \) symbol in your answer. Round to two decimal places as needed.) (d) What is the PE ratio? The PE ratio is \( \square \). (Simplify your answer. Round to three decimal places as needed.) A small company is started up that makes blankets. The company sells a total of 4,000 shares at \( \$ 20 \) each to raise money to start the business. At the end of the year, the company makes \( \$ 28,000 \) in profits and pays out \( \$ 8,000 \) in dividends. Complete parts (a) through (f) below. (a) What is the market capitalization of the company? The market capitalization is \( \$ \square \). (Simplify your answer. Do not include the \( \$ \) symbol in your answer.) Ward's Jewellers sells engagement rings for \( \$ 2350.00 \) each less 20\%. Its competitors across town offer the same ring for \( \$ 2390.00 \) less \( 19 \%, 12 \% \). Wha additional rate of discount must Ward's offer to meet the competitor's price? Suppose that on January 1 you have a balance of \( \$ 3200 \) on a credit card whose APR is \( 17 \% \), which you want to pay off in 1 year. Assume that you make no additional charges to the card after January 1. a. Calculate your monthly payments. b. When the card is paid off, how much will you have paid since January 1? c. What percentage of your total payment from, part (b) is interest? a. The monthly payment is \( \$ \square \). (Do not round until the final answer. Then round to the nearest cent as needed.) Time left Your gross annual pay is \( \$ 19,163 \). Employment insurance premiums are deducted at a rate of \( 2.25 \% \) and Canada Pension Plan premiums are \( 3.75 \% \) based total earnings. You pay income taxes at a rate of \( 17 \% \) on all amounts over \( \$ 8131 \). What is your Net Pay for the year? Select one: Suppose that \( \$ 3,500 \) is invested in a \( 3- \) year CD with an APY of \( 2.6 \% \). Recall that this means the money must be left with the bank for 3 years, and they will guarantee an annual rate of return of \( 2.6 \% \) with compounding interest. Complete parts (a) through (c) below. (b) How much is the investment worth after 2 years? After 2 years, the investment is worth \( \$ 3684.37 \) (Simplify your answer. Round to two decimal places as needed.) (c) How much is the investment worth after 5 years? After 5 years, the investment is worth \( \$ \square \) (Simplify your answer. Round to two decimal places as needed.) Determine the equivalent single rate of discount for the following series of discounts. Discount of \( 17.25 \%, 14.7 \% \) and \( 16.37 \% \). Select one: \( 40.969 \% \) \( 43.084 \% \) \( 42.838 \% \) \( 41.162 \% \) \( 41.223 \% \) Suppose that \( \$ 3,500 \) is invested in a \( 3-y e a r \) CD with an APY of \( 2.6 \% \). Recall that this means the money must be left with the bank for 3 years, and they will guarantee an annual rate of return of \( 2.6 \% \) with compounding interest. Complete parts (a) through (c) below. (a) What is the corresponding APR? The corresponding APR is \( 2.6 \% \). (Simplify your answer. Round to three decimal places as needed.) (b) How much is the investment worth after 2 years? After 2 years, the investment is worth \( \$ \square \) (Simplify your answer. Round to two decimal places as needed.)
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