reno revolvers has an eps of $1.30, a free cash flow per share of $3.20, and a price/free cash flow ratio of 8.0. what is its p/e ratio? do not round intermediate calculations. round your answer to two decimal places

Problem 6-57 (Algo): Predetermined Rates and Product Profitability: Two Stage Cost Allocation (LO 6-3, 4, 5): Social Media, Inc. (SMI) has two services for users, Toor! and Tix. For the following year, SMI expects the following results:
   
   
The company is considering using a two-stage cost allocation system and wants to assess the effects on reported product profits. The company is considering using engineering hours and users as the allocation base. Additional information follows:

A. Compute the predetermined overhead rate used to apply the two administrative costs pools to the two services assuming SMI uses the proposed two-stage cost system to allocate administrative costs.

For the engineering-hour related administrative cost, the predetermined overhead rate is $199,280 / 18,800 engineering hours = $10.56 per engineering hour.

For the user-related administrative cost, the predetermined overhead rate is $1,304,720 / 37,600 users = $34.81 per user.

B. Based on the rates computed in requirement (a), what is the profit for each service?

For Toor!, the profit is $2,000,000 - ($10.56 x 10,400 engineering hours) - ($34.81 x 15,500 users) = $425,410.

For Tix, the profit is $2,080,000 - ($10.56 x 8,400 engineering hours) - ($34.81 x 22,100 users) = $573,670.

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A family spend 6500 for food last year and spent 6695 this year. By how much did the cost of living increase is 3%. Thus, option (c) is correct.

We must determine the percentage increase in the expense of living from last year to this year in order to fix the issue.  

The cost of living is new value = 6,695

The cost of living is old value = 6,500

To calculate the percentage increase:

Percentage increase = (new value - old value) / old value x 100%

Percentage increase = (6,695 - 6,500) / 6,500 x 100%

Percentage increase = 195 / 6500

Percentage increase = 0.33 or 3%

The cost of living increased by 3% from last year to this year. Therefore, option (c) is correct.

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Your question is incomplete, but most probably the full question was.

A family spent $6,500 for food last year and spent $6,695 this year. By how much did the cost of living increase?

A) 65%

B) 0.98%

C) 3%

D) 1.5%

E) 5%

The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.

Substitution refers to the practice of utilizing a less costly alternative if a commodity appears to be overly expensive or beyond the consumer's budget.

The economic principle of substitution refers to the idea that people will substitute goods or services that are more cost-effective or efficient. This economic principle is used in situations where similar commodities can be used in place of one another.

When there are two or more competing goods with similar attributes, the cheaper one is more likely to be purchased.

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On January 1, Price Co. called its $800,000, 8% bonds with a carrying value of $790,000. The call price is $788,000. The bonds originally were issued to yield 9%. On the call date, the company should recognize $2,000 gain.

Therefore, the correct option is option C: a $2,000 gain.Option C is correct because the carrying value of the bonds is $790,000. The call price is $788,000; hence, the company would save $2,000 if it calls its bonds on January 1. When the company pays the bondholders the call price of $788,000, the bonds are retired.

Because the carrying value of the bonds is $790,000, the company must record a gain of $2,000 (the difference between the carrying value and the call price) when the bonds are retired. Therefore, on the call date, the company should recognize a $2,000 gain.

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When Jason bought a car and went to register it with the state department of motor vehicles, he needed to show proof of insurance. The kind of insurance that Jason needed to have is liability insurance.

Liability insurance is a type of insurance policy that provides protection to a business or individual against the risk of being sued or held legally responsible for damage or injury caused to others. It is a type of insurance coverage that protects against claims arising from bodily injury, property damage, or other types of damages.

The liability insurance covers the cost of legal defense and any settlement or judgment that the court may award to the victim or claimant. The liability insurance is usually required by law in most states before an individual can legally operate a motor vehicle.

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The price elasticity of demand for Apple iPhones is 1, meaning that the percentage change in quantity demanded equals the percentage change in price.

If the price elasticity of demand for Apple iPhones is 1, it means that the percentage change in quantity demanded is equal to the percentage change in price. This is known as unitary elasticity.

However, this does not necessarily mean that the price elasticity of demand for Apple iPhones is exactly 1. It could be slightly higher or lower than 1, which would indicate whether the demand is relatively elastic or inelastic.

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(D) Reinforcing your position is not part of the four essential strategies for persuasive messages.

What is the three-step writing process?

The three-step writing process is a systematic approach that is used to plan, draft, and finalize written documents. The process involves the following three steps: Planning and preparation Drafting and writing Revising and editing.

What are the four essential strategies for persuasive messages?

The four essential strategies for persuasive messages are as follows: Analyzing the audience: It involves understanding the needs, preferences, values, and attitudes of the target audience. This will help the writer to frame their arguments in a way that will resonate with the readers.Balancing emotional and logical appeals: Persuasive messages should appeal to both the emotions and logic of the readers. Emotional appeals involve using language that evokes feelings, while logical appeals involve using reason and evidence to support a claim.Anticipating objections: Writers should anticipate objections or counterarguments that the reader may have and address them in the message. This helps to build credibility and address any concerns that the reader may have.

Framing your arguments: This involves using language that presents your arguments in a way that will resonate with the reader. This strategy involves using language that appeals to the values, beliefs, and attitudes of the reader. Reinforcing your position is not part of the four essential strategies for persuasive messages.

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No, it is not unusual for a marketing employee to feel that doing her job is more about reading email than creating advertising campaigns. In today’s digital world, much of marketing is focused on email marketing.

Email marketing involves creating campaigns, writing and editing emails, creating strategies to reach target audiences, and ensuring that messages are delivered to the right audiences. Additionally, email campaigns need to be tracked, analyzed, and optimized to ensure they are effective.

As a result, a marketing employee may find themselves spending more time reading emails and assessing data than they do creating campaigns. It is also important to note that there are many other components to marketing, including traditional advertising, public relations, event management, and more.

Ultimately, it is not unusual for a marketing employee to spend a great deal of their time reading and responding to emails in order to create effective campaigns.

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The given statement is true because the primary function of financial accounting is to provide relevant financial information to parties external to business enterprises.

Financial accounting is the process of compiling financial statements that are intended to be used by decision-makers outside the organization, such as investors, regulators, and the general public. The primary goal of financial accounting is to provide information that is useful to these external users in making informed decisions about the organization's performance, liquidity, and potential for success.

Financial accounting is concerned with providing information to parties outside the company who have a vested interest in its financial health, such as shareholders, lenders, creditors, and regulators. It is critical for businesses to provide reliable, relevant, and timely financial information to these stakeholders because it can have a significant impact on their decisions.

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The influence held by households varies in the product market, labor market, and financial market as follows:

Product market:

Households are one of the primary consumers in the product market, and their choices have a significant impact on the market. The product market is a two-sided market, with producers on one side and consumers on the other.

Households are a critical component of the consumer side, and their decisions on which goods and services to buy and how much to spend have a significant impact on the market.

Labor market:

In the labor market, households are the supply side. They offer their labor services in exchange for pay. The supply of labor is influenced by a variety of factors, including education, skills, and location.

A household's decision to work or not is influenced by many factors, including wages, job availability, and working conditions.

Financial market:

In the financial market, households are on the demand side. Households are the primary source of savings and investment funds. Financial markets allow households to invest in companies and participate in economic growth while also providing an avenue for them to borrow money when they require it.

Financial markets have a significant impact on the economy, and households are one of the key players.

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Type in the number of the correct answer.(1) length of credit history (2) payment history (3) years at current job(4) types of credit used," the correct answer is (3) years at current job.

When answering questions on the platform Brainly, it is important to always be factually accurate, professional, and friendly. Answers should be concise and not provide extraneous amounts of detail. Typos or irrelevant parts of the question should be ignored, and the following terms should be used in the answer to address the specific question:For the question

"Which of the following does NOT affect your FICO score? The length of credit history, payment history, and types of credit used all affect an individual's FICO score.In regards to the second question, Jim has an annual income of $180,000 and Apple bank has a maximum front end DTI limit of 28%.

To determine the most Jim will be allowed to spend on monthly principal, interest, taxes, and insurance, the following steps should be taken:1. Determine Jim's monthly income: Divide his annual income by 12: $180,000/12 = $15,0002. Determine the maximum allowed monthly payment: Multiply Jim's monthly income by the maximum front end DTI limit: $15,000 x 0.28 = $4,200Therefore, the most Jim will be allowed to spend on monthly principal, interest, taxes, and insurance is $4,200.

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The products that are unknown to the potential buyer or a known product the buyer does not actively seek are called "unsought products".

Unsought products are consumer products that are not yet known or known to the customer but not looked for. These products include luxury products such as expensive perfumes, high-end watches, etc. Additionally, unsought goods may include products that may be unknown to customers or may be avoided, such as certain products for medical conditions. Potential buyers of unsought products may require special marketing methods.

If the item is a new product, the marketing plan may need to educate customers about the product's uses and benefits. If the item is a product that some people do not know about, such as life insurance or an advanced medical procedure, the marketing strategy may be to encourage people to use or purchase the product as a way to improve their lives.

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The account's worth would not reach $99,000 for 5 years. Investment is typically described as the "commitment of resources to gain subsequent rewards".

Future Value: What Is It?

Future value is the value of a present asset at some time in the future based on an anticipated rate of growth (FV). The future value is important to investors and financial planners because they use it to estimate how much an investment made now will be worth in the future.

Given:

P = $70000

R= 6.8%

SV = $99000

Compounded Daily for

A = P

99000 = 70000

= 1.414

= 1.414

= 1.414

also, n = 5 years

Hence, it would need 5 years for the account's value to reach $99,000.

An investment is a "commitment of money to obtain more money later" if money is involved.

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The given statement "redistribution involve a centralized authority collecting goods and services and redistributing them" is True.

This means that the authority in charge collects resources from some people or organizations and then redistributes them to other people or organizations, typically to promote social welfare.

This redistribution is typically done in a way that is fair, equitable, and promotes equality among those who receive the resources. The centralized authority has the power to decide who receives the resources and how the resources are distributed.

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The changes to a company's contribution income statement will always lower the break-even point A. Sales price increases by 10%.

A break-even point is the point at which a company's total revenues equal its total costs, meaning that the company is not making a profit but is also not losing money. To lower the break-even point, either the company's revenues need to increase or its costs need to decrease. When the sales price increases by 10%, the company's contribution margin per unit (the difference between the sales price and the variable cost per unit) also increases.

With a higher contribution margin, fewer units need to be sold to cover the fixed costs, thus lowering the break-even point in terms of both units and dollars. In contrast, when the sales price decreases by 5% (option B), the contribution margin per unit decreases, and more units need to be sold to cover the fixed costs, increasing the break-even point.  

Regarding option C, the combined effect of a 10% increase in variable costs and a 5% decrease in fixed costs on the break-even point cannot be determined without knowing the exact figures. It depends on the initial values and their proportion to each other.

In option D, the 5% decrease in variable costs would increase the contribution margin per unit. However, the 10% increase in fixed costs would offset this benefit, and more units would need to be sold to cover the higher fixed costs. As a result, the break-even point might not necessarily decrease in this case.

Therefore, the only option that will always lower the break-even point is when the A. sales price increases by 10%.

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At the company level, this is the main goal of strategic management gaining an advantage over competitors

Allocating resources—making a plan for how the company will budget resources to take advantage of its competitive advantage and accomplish organizational objectives—is the main objective of strategic management.

Business-level strategies look at how companies contend in a certain sector. Executives of companies decide whether to base their competitive advantage on pricing or differentiation, and whether to focus their activities on a wide or confined market. These decisions determine the firms' resulting strategy.

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Answer: Its C

Explanation:

I took the quiz and got it right

An impact of the National Grange can be, it d. limits on the amount of land farmers could plant each year.

The National Grange of the Order of Patrons of Husbandry had an impact on farmers by limiting the amount of land farmers could plant each year. This was done to conserve the soil and promote sustainable agriculture.

Additionally, the National Grange had an impact on railroad companies by limiting the price they could charge farmers for transporting goods. These measures were created to help farmers maintain their livelihoods.

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As per the budget, the tax on the items is $0.715.

First of all, we need to calculate the tax on the total amount of the items. Tax is basically a percentage of the total cost that is paid to the government. In this case, the tax is 6.5%. To calculate the tax, we need to multiply the total cost by 6.5% or 0.065. So, let's add up the cost of all the items:

Notebook: $1.50

Pack of paper: $2.00

Set of dividers: $3.00

Two pens: $1.00 each, so $2.00 in total

Five pencils: $0.50 each, so $2.50 in total

The total cost of all the items is $11.00. Now we need to calculate the tax on this amount. We can do this by multiplying $11.00 by 6.5% or 0.065:

Tax = $11.00 x 0.065 = $0.715

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On the cash budget, what is subtracted from total cash available to find the cash excess or deficiency the cash payments are subtracted from the cash receipts to determine the amount of cash remaining. A cash budget is a financial management tool that projects cash inflows and outflows over a specific period.

The cash budget outlines the amount of cash available, how much cash will be used, and the amount of cash that will remain at the end of a specific period. Cash receipts are money received by a company from its operations, investments, or financing activities.

The cash payments are the payments that are made by a company, including the cost of goods sold, employee salaries and wages, rent, utilities, and other expenses. A cash excess occurs when the company has more cash than it needs to meet its obligations, whereas a cash deficiency occurs when a company does not have enough cash to meet its obligations.

A cash budget helps a company to plan its cash flows and ensure that it has enough cash to meet its obligations. To calculate the cash excess or deficiency, the following formula is used:

Cash excess or deficiency = Total cash receipts - Total cash payments If the result is positive, it is called a cash excess, whereas if it is negative, it is called a cash deficiency.

A cash excess means that the company has more cash than it needs to meet its obligations and may choose to invest the extra cash or use it to pay off debt. A cash deficiency means that the company does not have enough cash to meet its obligations and may have to borrow money or sell assets to raise cash.

Therefore, a cash budget is an essential tool for financial planning and helps a company to manage its cash flows effectively.

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If a firm's total debt ratio is greater than 0.5, then it means that its total liabilities are quite high compared to its total assets.

The total debt or liability here is the obligation that must be paid by the company in cash within a certain period of time. These liabilities are divided into three categories based on the time of repayment, namely long-term liabilities, current liabilities and other liabilities.

The total debt ratio is calculated by dividing total liabilities by total assets. Additionally, if the total debt ratio is greater than 0.5, then it means that the firm's debt-equity ratio exceeds 1.0, as the debt-equity ratio is calculated by dividing total liabilities by total equity. This means that the firm has more long-term debt than equity, and has too few total assets.

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The change in the asset turnover ratio from 2.0 to 1.8 indicates an unfavorable trend in using assets to generate sales. The correct option is c.

Asset turnover is a financial ratio that compares the total amount of company revenue to the total amount of assets in use. Asset turnover is used to assess the productivity of a company's assets. The formula for asset turnover is as follows: Sales / Total Assets = Asset Turnover. This ratio measures the efficiency of a company's use of its assets to generate revenue. It is calculated by dividing a company's total sales by its total assets. A decrease in the asset turnover ratio suggests that the company is less efficient at using its assets to generate sales, meaning fewer sales per asset.

In this case, the decrease in the asset turnover ratio indicates that the company is becoming less effective at using its assets to produce sales. While it is possible that this could be due to a decrease in sales, it is more likely that the decrease is due to an increase in the company's assets. This means that the company has increased its assets, but is not able to generate enough sales to make up for the increase.

Overall, the decrease in the asset turnover ratio is indicative of an unfavorable trend in the company's ability to use its assets to generate sales. It suggests that the company needs to better manage its assets in order to generate more sales. Hence, the correct option is c.

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The statement "risks can be avoided by countering the threats facing an asset or by eliminating the exposure of an asset" is true.

Risks can be avoided by implementing proper security measures. It can be done by countering the threats that the asset is facing or by eliminating the asset's exposure. The countermeasures employed by organizations aim to prevent or minimize the risks associated with their assets.

Some of the common countermeasures include:

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The phrase "the receiving business was closed and delivery has been rescheduled for the next business day" means that the intended recipient of a delivery was not able to receive the package or shipment due to the closure of their business on the expected delivery date. As a result, the delivery has been postponed and scheduled for the following business day when the receiving business is expected to be open and able to accept the delivery.

Since he lives in South Carolina with his family, Ray is considered a Non-Resident Owner.

A Non-Resident Owner is an individual or entity who owns real estate property in a state but does not live in or have a physical presence in that state. The Non-Resident Owner typically hires a third party, such as a property manager, to manage their property. In this case, Ray has hired Jess to manage the property for him.

A property manager is a professional who manages a rental property on behalf of a landlord. Their duties may include collecting rent, handling maintenance and repair requests, responding to tenant inquiries, keeping track of tenant occupancy, and inspecting the property. In this case, Jess is responsible for all these tasks on behalf of Ray.

Ray will also need to be familiar with any local ordinances or regulations pertaining to his property. Additionally, Ray must keep up to date with any changes in tax laws and regulations as they pertain to rental property.

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The expected percent return of the portfolio is 8.4%, and the standard deviation is 13.42%.

To answer this question, we need to know the expected percent returns and standard deviations of stock 1 and stock 2, as well as the correlation between the two stocks. Let's assume that we have this information:

To calculate the expected percent return and standard deviation of the portfolio, we can use the following formulas:

Expected percent return of portfolio = w1 × r1 + w2 × r2

Standard deviation of portfolio = sqrt(w1^2 × s1^2 + w2^2 × s2^2 + 2 × w1 × w2 × s1 × s2 × p)

Where:

Plugging in the numbers, we get:

Expected percent return of portfolio = 0.7 × 8% + 0.3 × 12% = 8.4%

Standard deviation of portfolio = sqrt((0.7^2 × 12%^2) + (0.3^2 × 18%^2) + (2 × 0.7 × 0.3 × 12% × 18% × 0.6)) = 13.42%

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Unskilled labor was the group most likely to be hurt by the North American Free Trade Agreement (NAFTA). the correct answer is ''unskilled labor.''

Since Free Trade Agreement reduced trade barriers between the US, Canada, and Mexico, it made it easier for companies to move factories to Mexico where wages and other labor costs were lower. As a result, jobs that were previously held by unskilled labor in the US were now available to workers in Mexico.

This shift in jobs led to a decrease in wages and a rise in unemployment for unskilled labor in the US. This had a particularly damaging effect on low-income and minority communities that relied heavily on those jobs.

In conclusion, the correct answer is ''unskilled labor.''

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On-premises systems are locally installed and configured information systems that are time-intensive to manage but reduce costs overall.An on-premises system is an IT infrastructure that is installed and configured locally, rather than in the cloud.

An on-premises system is hosted and operated by an organization and is managed by an IT team within the company. The IT team is responsible for managing the infrastructure, including the server, data center, network, and storage.An on-premises system is time-consuming to maintain, but it is less expensive than a cloud-based system. The infrastructure is owned by the organization and is therefore more secure than cloud-based systems.

An on-premises system provides greater control over the infrastructure, enabling organizations to customize and configure the system to their exact needs. On-premises systems are commonly used in large enterprises where data security is a top priority. They are also used by companies that have limited bandwidth or unreliable internet connections. On-premises systems provide a high level of reliability and uptime, and they are often used to host mission-critical applications.

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The present value of the promised gift will be higher if you graduate a year earlier.

Assuming a discount rate remains constant, the present value of the promised gift will increase if you graduate a year earlier because the time period for discounting the future value of money will decrease.

To calculate the present value of the gift in both scenarios, we can use the formula:

PV = FV / (1 + r)ⁿ

Where PV is the present value, FV is the future value, r is the discount rate, and n is the number of years.

If you graduate in three years:

PV = $5,000 / (1 + r)³

If you graduate in two years:

PV = $5,000 / (1 + r)²

Since the denominator in the second equation is smaller than the denominator in the first equation, the present value of the gift will be larger if you graduate a year earlier.

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The current trend of empowering employees and reducing levels of management suggests that management development will become increasingly important in the next ten years.

With fewer levels of management, the managers that are employed will have to have a higher level of competency, and be able to take on larger roles and more responsibilities.

Management development programs can provide the necessary skills and knowledge to equip managers with the ability to take on these responsibilities and achieve their goals.

Furthermore, with changes in the global economy, managers will have to be able to adapt quickly to new strategies and processes. Management development programs can help prepare managers to effectively lead their teams through challenging times, and provide the support needed to ensure that the organization meets its objectives.

Finally, it is essential that managers remain up-to-date with the latest developments in their field, and management development programs can help managers to stay abreast of these changes.

In conclusion, the current trend toward empowerment and fewer levels of management means that management development will be an important factor in the next ten years.

With fewer managers to fill larger roles, it is essential that they have the right skills and knowledge to lead their teams effectively. Management development programs can equip managers with the necessary tools to lead in the changing global economy.

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The type of bias experienced by decision makers when they increase their commitment to a project despite negative information about it is called the "sunk cost bias".

This bias occurs when decision makers make choices based on past investments, rather than on the potential return of their future investments.

Essentially, this bias occurs when decision makers are committed to a project regardless of the costs that they have already invested, because they do not want to believe that their past investments were a waste.

This bias causes decision makers to continue investing in a project even when it is no longer beneficial or rational to do so. In order to avoid this bias, decision makers must be aware of their investment costs and their potential returns when making decisions.

They should also be willing to abandon projects when they are no longer beneficial and not let their past investments cloud their judgment.

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