For 2021, the annual earnings for Thompson Computer Company were $5,800,000.
The corporation has 6,006,500 shares of common stock outstanding and pays an annual dividend of $0.34 per share. The closing price for a share of common
stock was $27 last night. Calculate the following. (Round all answers to two decimal places if necessary.)
1 current Yield
2 earnings per share
3 price-earning (PE) ratio

Answers

Answer 1

1. The current yield is calculated by market price per share is 1.26% 2. Earnings per share (EPS) is calculated by dividing the company's annual earnings by the number of outstanding shares.  0.97 3. The price-earnings (PE) ratio is calculated by dividing the current market price per share by the earnings per share.  27.84

1. The current yield is calculated by dividing the annual dividend per share by the current market price per share.

Annual dividend per share = $0.34
Current market price per share = $27

Current yield = ($0.34/$27) x 100% = 1.26%

2. Earnings per share (EPS) is calculated by dividing the company's annual earnings by the number of outstanding shares.

Annual earnings = $5,800,000
Number of outstanding shares = 6,006,500

EPS = $5,800,000/6,006,500 = $0.97

3. The price-earnings (PE) ratio is calculated by dividing the current market price per share by the earnings per share.

Current market price per share = $27
Earnings per share = $0.97

PE ratio = $27/$0.97 = 27.84
We need to calculate the current yield, earnings per share, and price-earning (PE) ratio for Thompson Computer Company for 2021.

1. Current Yield:
To calculate the current yield, you can use the following formula:
Current Yield = (Annual Dividend per Share / Closing Stock Price) * 100

Current Yield = ($0.34 / $27) * 100
Current Yield = 0.01259 * 100
Current Yield = 1.26% (rounded to two decimal places)

2. Earnings per Share:
To calculate the earnings per share, you can use the following formula:
Earnings per Share = Total Earnings / Number of Outstanding Shares

Earnings per Share = $5,800,000 / 6,006,500
Earnings per Share = $0.97 (rounded to two decimal places)

3. Price-Earning (PE) Ratio:
To calculate the price-earning (PE) ratio, you can use the following formula:
PE Ratio = Closing Stock Price / Earnings per Share

PE Ratio = $27 / $0.97
PE Ratio = 27.84 (rounded to two decimal places)

Your answer: The current yield for Thompson Computer Company for 2021 is 1.26%, the earnings per share are $0.97, and the price-earning (PE) ratio is 27.84.

To know more about market price per share, visit

https://brainly.com/question/30324507

#SPJ11


Related Questions

An 1-9 form is also called a Wage and Tax Statement.
O True
O False

Answers

Answer:

False

Explanation:

Form I-9 is the Employment Eligibility Verification.

Form W-2 is the Wage and Tax Statement.

False, 1-9 form is not Wage and Tax Statement. W-2 form is called Wage and Tax Statement.

Tax statements are statements that will be sent to each UK taxpayer each year detailing their Income Tax and National Insurance payments. It was set to be released in 2014.

Ben Gummer proposed annual tax statements in 2012, with the goal of showing itemized spending by department in proportion to the amount the taxpayer paid in the previous year.

While welcoming it in principle, Labor MP Chris Bryant opposed it because the figures were estimates rather than actual figures. Gummer's proposal was well received by the press in the UK and The Wall Street Journal in the US. It was included in the 2012 budget & because of introduction in 2014, with George Osborne calling it "an excellent idea".

Learn more about Income Tax

https://brainly.com/question/21595302

A major cause of the 2008 economic collapse was Group of answer choices the Contract with America. Bush's expansion of affirmative action programs. the war in Iraq. the collapse of the housing market.

Answers

Answer:

the collapse of the housing market.

Explanation:

The cause of the 2008 financial crisis was the deregulation of the financial sector which allowed banks to invest in real estate.

The resulting bubble in real estate prices led to the 2008 financial crisis.

Use the sentence to answer the question The store ran out of paper quickly because supplies were limited Which part of the sentence is a dependent clause? (point) .ran out of paper quickly .The store ran out of paper .supplies were limited .because supplies were limited

Answers

The dependent clause because the supply was restricted in the phrase caused the store to rapidly run out of paper. Here option D is the correct answer.

The dependent clause in the sentence is "because supplies were limited." This clause begins with the subordinating conjunction "because," which indicates that it is dependent on the main clause and cannot stand alone as a complete sentence.

In this sentence, the dependent clause explains the reason why the store ran out of paper quickly. It provides additional information that helps to clarify the main clause. Without the dependent clause, the sentence would simply state that the store ran out of paper quickly, without any explanation as to why this happened.

It's important to recognize the difference between dependent and independent clauses, as it can affect the structure and meaning of a sentence. Dependent clauses rely on independent clauses to make sense and cannot stand alone as complete sentences. Independent clauses, on the other hand, can stand alone as complete sentences and express a complete thought. Understanding the difference between these types of clauses can help you to write more effectively and communicate your ideas clearly.

To learn more about dependent clauses

https://brainly.com/question/1838303

#SPJ4

Complete question:

Use the sentence to answer the question The store ran out of paper quickly because supplies were limited Which part of the sentence is a dependent clause? (point)

A - ran out of paper quickly

B - the store ran out of paper

C - supplies were limited

D - because supplies were limited

Nora has heard that opening a lot of credit card accounts is a good way to build credit. She currently has five cards, but is sometimes forgetful in paying her bills on time and usually has a balance on each card. Her favourite store is offering a $50 coupon on her next purchase, with the promise of more coupons in the future, if she opens a credit card. She decides to open the store credit card to get the discounts.

How would Nora use the decision making steps in this scenario?

Is this a good or bad debt move? Why?

Answers

This is a bad move. You should work on getting a high credit score on one card not multiple.

Define the term lifestyle and explain the kind of lifestyle you would like in your future. Then, discuss how work affects
lifestyle.

Answers

Answer:

the way in which a person or group lives.

Explanation:

ME working out alot and bieng very fit and It wouldnt effect my lifestyle it would actually help me cause i would live longer and be healthy

The term lifestyle refers to the habits and practices that define the life of a person, which also involves his/her work.

What is lifestyle?

Lifestyle can be defined as the set of attitudes and patterns used in a routine and define the life of an individual.

Lifestyle can affect work because it is directly associated with the health and well-being of an individual.

In conclusion, the term lifestyle refers to the habits and practices that define the life of a person, which also involves his/her work.

Learn more on lifestyle here:

https://brainly.com/question/1471307

#SPJ2

Calculate the range of potential annual returns if you invested 10% in bonds and 90% in stocks. How does this compare with the range of potential annual returns if you invested 10% in stocks and 90% bonds?

Answers

Answer:

From the graph, if you invest 10% in bonds and 90% in stocks,  the range of potential return is given as +49.8% to -39.0% with a average of 9.9% whereas if investment is  made by 10% in stocks and 90% in bonds, then the range of annual returns would become +31.2% to -8.2% with a average of 6%.  Therefore, as the investment in stocks increases the average annual returns also increase.

Explanation:

Hope this helps!

If people are finite-lived, Ricardian equivalence can fail because lifetime wealth will change for those currently alive. people cannot predict the future. this implies taxes must be distorting. there is intragenerational redistribution.

Answers

True. Ricardian equivalence can fail due to finite lifespans, uncertainty about the future, distorting taxes, and intragenerational redistribution.

Ricardian equivalence is an economic theory that suggests that changes in government borrowing and debt levels have no effect on consumer behavior. However, it can fail in certain circumstances. Finite lifespans mean that individuals cannot predict the future accurately, leading to changes in lifetime wealth for those currently alive.

Uncertainty about the future undermines the assumption that individuals will save or adjust their consumption based on expected future taxes. Distorting taxes, such as progressive income tax, can create intertemporal and intragenerational redistribution, influencing individual consumption decisions.

These factors challenge the validity of Ricardian equivalence and suggest that taxation policies can have real effects on consumer behavior and resource allocation.

Learn more about Income tax here: brainly.com/question/15058781

#SPJ11

which of these options for saving money offers the lost liquidity?

Answers

The option of saving money that offers the most liquidity is a piggy bank. (option C)

What is liquidity?

Liquidity can be described as the ease with which an asset can easily be converted to cash. Paper currency and coins is the most liquid assets. Real estate is illiquid because it takes a long time for a real estate asset (e.g a house) to be sold and proceeds converted to cash.

Liquid assets earn less returns when compared with assets that are less liquid. This is because illiquid assets earn an illiquidity premium. An illiquidity premium compensates holders for holding an illiquid asset.

Money in a piggy bank is already in cash or coins and there is no need to convert it to cash again. Also, money in a piggybank is more accessible than the other options.

To learn more about liquidity, please check: https://brainly.com/question/15691477

#SPJ1

which of these options for saving money offers the lost liquidity?

Answer: Savings bonds

Explanation:

Ben started a business on 1 January 2015 using rented premises. At 31 December 2015 Ben owed $1400 for rent. The rent charge to the Income Statement for the year ended 31 December 2015 was $6000. How much was paid for rent during the year?

Answers

Answer:

4600

Explanation:

Rent expense is 6000 but he still owed 1400 of that. So he paid 4600 (6000-1400)

What facts does Kielburger give to support his claim that the cost of sending every child to school by 2010 is relatively small

Answers

Kielburger's argument is that the cost of sending every child to school by 2010 is relatively small when compared to the potential benefits for both individuals and society as a whole.

Kielburger gives several facts to support his claim that the cost of sending every child to school by 2010 is relatively small. First, he states that it would cost approximately $10 billion per year to provide basic education for all children worldwide, which he argues is a relatively small amount compared to the trillions of dollars spent on other global issues such as military spending and bailouts for financial institutions. Second, Kielburger points out that some developing countries have already made significant progress in increasing access to education despite limited resources. For example, he notes that Ethiopia has doubled its primary school enrollment in the last decade with a budget of just $2.3 billion per year. Finally, Kielburger argues that investing in education is not only a moral imperative but also an economic one. He cites research showing that each additional year of education can increase a person's earning potential by up to 10%, which can lead to higher economic growth and reduced poverty in the long term.

Learn more about potential here

https://brainly.com/question/24142403

#SPJ11

How to make poultry farm?

Answers

Answer:

How to make a poultry farm

Explanation:

Steps:Choose the type of poultry bird to rearSelect a suitable farm location or siteProvide good housing/shelter for the birdsFeeding and medication of the poultry birdsMarketing and sales of the poultry birds

Necessary poultry equipments

FeederWater potLaying nestsHeater/incubatorFencingEgg handling nests

What changes is the new CEO Martin planning to bring into Idle Time’s management practices?

Answers

In order to answer the question you need to add the choices so I can solve it properly.

Explanation:

depository institutions primarily engaged in the business of making short-term loans to businesses for inventory financing and other working capital needs are more commonly referred to as

Answers

Depository institutions primarily engaged in the business of making short-term loans to businesses for inventory financing and other working capital needs are more commonly referred to as commercial banks.

What are commercial banks?

Commercial banks are financial institutions that provide services such as checking and savings accounts, loans, and credit cards to businesses and individuals. These banks are for-profit institutions that are regulated by state and federal governments. Commercial banks use the money deposited by customers to make loans and invest in securities. They also provide other services such as safe deposit boxes and wire transfers.

Commercial banks serve mainly businesses and provide businesses with the required amount of loans both for the short term and long term. Businesses can require loans for various purposes and for that the urgent need for cashflow is provided by commercial banks.

It can be concluded that depository institutions primarily engaged in the business of making short-term loans to businesses for inventory financing and other working capital needs are more commonly referred to as commercial banks.

To know more about commercial banks, check this link:

https://brainly.com/question/27916421

#SPJ4

Market failure associated with the free-rider problem is a result of.

Answers

Market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

What is market failure?

Market failure refers to a situation when there's an inefficient distribution of resources in the market.

Market failure occurs when the free market does not distribute resources efficiently. This leads to rational outcomes for the group as a whole.

Hence, market failure associated with the free-rider problem is a result of benefits that accrue to those who don't pay.

Learn more about market failure here : https://brainly.com/question/368647

Rapid turnover in employees:
A) is a regrettable but necessary side-effect of proper controls on payroll expense.
B) is desirable, as it helps weed out "deadwood."
C) costs fast-food and hotel industries in the neighborhood of $140 billion annually.
D) is simply unavoidable in the food-service industry.​

Answers

Rapid turnover in employees is a regrettable but necessary side-effect of proper controls on payroll expenses.

What is employee turnover?

The term employee turnover basically refers to the rate at which employees leave a company and are replaced by new hires.

Rapid employee turnover can be costly for a business, as it can result in lost productivity, recruitment and training expenses, and a negative impact on employee morale and company culture. However, it can also positively result in lower payroll expenses since the total staff population is reduced as a result.

Based on this analysis, we can conclude that option A is the correct option.

You can learn more about employee turnover here https://brainly.com/question/2309682

#SPJ1

What will you call an employee who prioritizes her own goals rather than the team’s goal?

Answers

Answer:

Selfish, self-centred, self-seeking, self-serving, tactless, greedy.

If a product costs £80 to manufacture and a 15% mark-up is added, the price at which the product will be sold is:​

Answers

Answer:

92£

Explanation:

80 * 1.15 = 92

what is an activity or material intended to induce salespeople to sell a product or consumers to buy it?

Answers

Sales promotion is an activity or material intended to induce salespeople to sell a product or consumers to buy it.

Sales promotions: what are they?

Increasing sales, fostering client loyalty, or raising brand exposure are all goals of a sales promotion. For customers to purchase your goods or interact with your brand, you typically need to give a discount or some other kind of incentive.

Why is sales promotion crucial?

A promotion's ability to differentiate a company from its rivals is its main benefit. Without competition, there would never be a need for any business to run promotions. Customers will continue to do business with you only if you continue to outperform your rivals.

To know more about sales promotion visit:

https://brainly.com/question/13975307

#SPJ4

how to get all one hundreds on report card

Answers

Answer:

well thats easy all you have to do is get a good grade on every single assignment in every class

Explanation:

which is very hard

Answer:

To do your work and stop asking how to get around it on Brainly. Please don't cheat, your teacher can see past that, especially when you copy verbatium like I bet you do.

Explanation:

In which countries do people prefer discussing business during meals?​

Answers

Hehs donee estable menudo

A contractor must decide between two jobs. One job is a bathroom renovation in a residential home. The other is the construction of a
new detached garage. What is a potential opportunity cost if the contractor decides to do the bathroom?
A. the cost of materials and labor for the garage job
B. the net profit of installing the garage
C. the cost of materials and labor for the bathroom
D. the net profit of remodeling the bathroom

Answers

Answer:

B: The net profit of installing the garage.

Explanation:

The opportunity cost is the next best thing that you could be doing but chose to give up in order to do something else. For example, if I chose to spend the day studying for a test, I won't have as much time to watch cat videos, hang out with my friends, or work on the website I'm coding. Since I love coding more than anything in the world, the time I could've spent coding is the opportunity cost of choosing to study.

A and C can be safely eliminated because they are describing the business expenses of the contractor, not what they could be missing out on if they choose to renovate the bathroom. In this case, D wouldn't make any sense since they wouldn't be missing out on any profits from the bathroom project at all. Therefore, the correct answer is B. The contractor can't be in two places at once, and by choosing the bathroom, they're passing up the opportunity to work on the garage and any resulting profits.

Answer:

The net profit of installing the garage.

Explanation:

You are an American, working for a US hospital. The hospital sells services to a French hospital. Given a depreciation of the Euro, your French subsidiary (the one that receives the revenues from the French Hospital) received a lesser income last year, although a clause in your contract stipulates adjustment payment in US dollars. Therefore, your subsidiary has a balance sheet loss, although your consolidated global result is positive. This type of foreign exchange risk is known as:

Answers

Answer:

translation exposure

Explanation:

Translation exposure is also known as translation risk. In this type of risk, the value of a company's assets, equities, income, or liabilities change due to changes in the exchange rate,

French subsidiary received a lesser income last year, although payment will be adjusted in US dollars as per the contract.

Due to this, the subsidiary has a balance sheet loss, although the consolidated global result is positive.

This type of foreign exchange risk is known as translation exposure.

Under what circumstance would a country have a comparative advantage in
the production of a certain good?
A. It has a lower opportunity cost for production of that good.
B. It has a more highly skilled work force.
C. It has well-developed industrial capacities.
D. It uses an assembly line to produce that good.
Ap3x

Answers

Answer:  [A]   It has a lower opportunity cost for production of that good.

Explanation:  It has a lower opportunity cost for production of that good. Comparative advantage comes when a country gives up less than others to engage in a particular type of production.

Answer:

It has a lower opportunity cost for production of that good.

Explanation:

Under what circumstance would a country have a comparative advantage inthe production of a certain good?A.

If mason wants to consider his short-term and long-term goals, which questions should he ask? check all that apply. will other kids think my new bike is cool? do i want the bike this month, or should i wait and buy it during the summer? will buying the bike keep me from reaching another goal, like buying a car? do i really need the bike, or can i get by with my old one for a while longer? how many of my friends have new bikes?

Answers

Should I buy the bike this month, or put off the purchase until the summer when prices are often lower?

Will purchasing the bike prevent me from accomplishing another objective, such as purchasing a car?

Do I truly need the bike, or can I get by with my old one for a little longer?

This is further explained below.

What are long-term goals,?

Generally, You may think of what you intend to achieve in the far future as a long-term objective. Time and careful preparation are needed for achieving long-term objectives. They are not activities that you will be able to do this week or even this year. Long-term objectives are often seen as being attained in a period of at least many years.

In conclusion, Do I want to buy the bike this month, or should I wait until the summer to make the purchase?

Will purchasing the bike prevent me from accomplishing another objective, such as getting a new car?

Do I really need a new bicycle, or can I get by with the one I've had for a little longer?

Read more about long-term goals

https://brainly.com/question/7787473

#SPJ1

Paige is thinking about discontinuing a software program her company
makes that is no longer profitable. The main advantage she sees is that the
company will save money by not creating more of that software and be able
to spend it on a product that could be more profitable. What is the main
disadvantage of discontinuing the product?
A. Her company's costs will rise if it discontinues a product.
B. Discontinuing software will narrow her company's product mix.
C. Her company may still need to provide customer service to
existing customers.
D. Software is in the growth stage of the product life cycle.
SUBMIT

Answers

Answer:

C. Her company may still need to provide customer service to existing customers.

Explanation:

on

a p e x

After discontinuing a software program she has to provide service to the user of the software. Hence option C  is correct .

What is Customer service ?

Customer service refers to the help and guidance a business offers to consumers who purchase or utilize its goods or services.

Every industry has distinct standards for customer service, but ultimately, the goal of a well-performed service is to boost profits. Employees "who can modify themselves to the personality of the customer" are critical to the perceived effectiveness of customer service encounters.

Customer  is typically used to publicity how well customer service is performing. For some businesses, providing excellent customer service is one of their goodwill that sets them apart from competitors.

The major drawback of discontinuing a product is that you run the risk of losing the customers who used it since they can't locate it anymore and develop a negative image of the firm because they can't utilize the product.

Learn more about Customer service here

https://brainly.com/question/13540066

# SPJ 5


Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions

Answers

The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.

"Gross pay" mean?

Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.

Calculate my gross pay?

Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.

To know more about Gross Payment visit:

https://brainly.com/question/30099743

#SPJ1

Help me guys please! I have to submit it today :((

Answers

Answer:

oh no!

Explanation:

SOWWYYYY!!!

A __________ breach of contract discharges the nonbreaching party’s duties and permits that party to sue for damages or __________ the contract and seek __________.

Answers

A material breach of contract discharges the non breaching party’s duties and permits that party to sue for damages or revoke  the contract and seek a temporary injunction.

A material breach allowed by the contract cannot even come close to being a breach, much less a significant breach, according to contract law. Additionally, the duties sum was not paid. You would have the right to sue if you ordered a computer online and only received the monitor because that would constitute a serious non breaching of the contract. There are numerous ways a contract might be broken, however the following are the most typical: Content Breach Impertinent Breach.

To learn more about  non breaching, click here.

https://brainly.com/question/14454694

#SPJ1

You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this billing period. You made a payment of $150. Your APR is 16.5%. Using the adjusted balance method, what is your new balance?​

Answers

Answer:

The new monthly balance will be $618.235.

Explanation:

Since you have a credit card account with a previous balance of $ 635, and you added two additional purchases for $ 75 and $ 50 during this billing period, and then you made a payment of $ 150 and your APR is 16.5%, to determine what is your new balance using the adjusted balance method, the following calculation must be performed:

(635 + 75 + 50 - 150) x (1 + 0.165 / 12) = X

610 x 1,0135 = X

618.235 = X

Thus, the new monthly balance will be $618.235.

Using the adjusted balance method, your new credit card balance is $618.39.

What is the Adjusted Balance Method

The adjusted balance method for calculating your finance charge uses the previous balance from the end of your last billing cycle and subtracts any payments and credits made during the current billing cycle..

Data and Calculations:

Previous balance = $635

Additional purchases = $125 ($75 + $50)

Payment = $150

APR = 16.5%

Finance charge = $8.39 ($635 - $150 - $125) x 16.5%/12

Adjusted balance = $618.39 ($635 - $150 + $125 + $8.39

Thus, using the adjusted balance method, the new balance on the credit card is $618.39.

Learn more about the adjusted balance method at https://brainly.com/question/11355738 and https://brainly.com/question/9816383

Gas prices averaged $4.22 per gallon in january and $3.89 per gallon in february. what was the percent decrease of the average gas price from january to february?

Answers

i got 7.81991% decrease
Other Questions
How many feet does a No. 2 pencil last? The school store has 1500 pencils in stock and sells an average of 50 pencils per day. The manager reorders when the number of pencils in stock is 500. The manager will have to reorder in ___________ days Please help me!!!!!!!!!!!!!!! How could theProclamation of 1763calm the fightingbetween colonistsand NativeAmericans? what effect does opioid binding have on other neurotransmitters? How did Obama builds an argument to persuade their audience g which product is favored under initially controlled conditions. Which product is favored under thermodynamically controlled condition A fish was 7 feet below sea level anddescended 12 feet. The expression-7 - 12 represents this situation.Find 7 12 to determine the location ofthe fish compared to sea level. What are the 5 basic types of accounts? jamarcus, a full-time student, earned $2,950 this year from a summer job. he had no other income this year and will have zero federal income tax liability this year. his employer withheld $531 of federal income tax from his summer pay. is jamarcus required to file a tax return? should jamarcus file a tax return?multiple choice Who is Beowulf's wife? In context, the authors use of the word preposterously (paragraph 5, sentence 2) suggests that he considers his opponents views to be A. unintentionally funny B. laughably insignificant C. greatly overstated D. seemingly unethical E. generally incoherent help pls due in morning (12:49 AM) (01-06-23)g(x) = -2x^3 -4/3x; find g(3/2) Neuroendocrine theory explains aging as a functional loss in neurons and their associated hormones. As an example, as we age, the body produces lower levels of human growth hormones which can result in _____________________ and/or _________________________.gray, brittle hairweakened, loosened teethlean body mass shrinkages, increase in fatty tissueweakened, loosened fingernails Why do fats have higher caloric value than other organic molecules? In this country, the party is typically done in the afternoon. There is a cake, goodies, and typical dishes. There are fireworks at the celebration. What country is the text referring to? if the government is aware that sociological conditions create criminality, does this mean that the government has a greater imperative to stop sociological conditions of criminality? use scholarly resources to support your explanations. Why is Friedrich Hayek important to Economics? why do San Francisco and Norfolk have such different seasonal temperatures? How are connotations created?over time, depending on how those words are useddepending on the denotation of a wordby a group of expert etymologistsdetermined by a sample group of people