George's Hamburgers issued 5â%, â10-year bonds payable at 85 on Decemberâ 31, 2016. At Decemberâ 31, 2018, George reported the bonds payable asâ follows:
Long-term Liabilities:
Bonds Payable $300,000
Less: Discount on Bonds Payable 36,000 $264,000
George's pays semiannual interest each June 30 and December 31.â(Assume bonds payable are amortized using theâ straight-line amortizationâ method.)
Requirement 1. Answer the following questions about
George's bondsâ payable:
a. What is the maturity value of theâbonds?â____
b. What is the carrying amount of the bonds at Decemberâ 31, 2018â?
____
c. What is the semiannual cash interest payment on theâ bonds?
â_____
d. How much interest expense should the company record eachâ year?
â_____
Requirement 2. Record the Juneâ 30, 2018â, semiannual interest payment and amortization of the discount.â(Record debitsâ first, then credits. Select the explanation on the last line of the journal entryâ table.)

Answers

Answer 1

Answer:

1. The maturity value is $300,000

2. The carrying amount of the bonds is at December​ 31, 2018 is $264,000

3.  Semiannual cash interest payment on the bond = $300,000 * 5% * 1/2 = $7,500

4. Discount on BP = $300,000 * 15% = $45,000

Straight line method amortization = $45,000 / ( 10*2 = 20) = $2,250

Interest Expenses = $7,500 + $2,250 = $9,750

Journal Entry                          Debit          Credit

Interest Expenses                 $9,750  

Discount on Bond Payable                      $2,250

Cash                                                           $7,500


Related Questions

Consider two spices, cumin and paprika, to be substitutes, a decrease in the supply of paprika, should cause an increase in the price of

Answers

Answer:

an increase in the price of both

Explanation:

A decrease in the supply of paprika would cause an increase in the price of both substitute goods. When the supply of paprika falls, the demand will be greater than what is available for sale and this would cause the sellers to raise it's price afterall it is now scarce.

Also as a substitute good, more people would begin to switch to buying cummin which would raise the demand for cummin. This increase in demand for cummin would then cause the price of cummin to go up.

Andrews Corp. ended the year carrying $153,576,000 worth of inventory. Had they sold their entire inventory at their current prices, how much more revenue would it have brought to Andrews Corp.?

Answers

Answer: $153,576,000

Explanation:

At year end, all the costs of inventory have been accounted for and incurred by the company. The inventory left therefore has no costs attached to it.

If Andrews Corp had been able to sell the inventory they had at year end, they would therefore not have incurred any new costs for doing so. The revenue they would have gotten would be equal to the worth of the inventory as is which was $153,576,000.

When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securities, is prohibited from:

Answers

Complete Question:

When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securities, is prohibited from:

Group of answer choices

A. showing past performance

B. using a paid testimonial

C. using illustrative performance charts

D. using the term "investment counsel"

Answer:

B. using a paid testimonial.

Explanation:

When preparing an advertisement, an investment adviser whose principal business is rendering advice to customers about securities, is prohibited from using a paid testimonial by the Securities and Exchange Commission Act.

A paid testimonial can be defined as a written or verbal statement made by an individual for the affirmation of good quality, performance and value of a product such as a stock.

Generally, a paid testimonial endorses an investment adviser but may not be a true reflection of his or her performance in stocks trading and that would negatively impact the customers.

An agent has successfully negotiated a sales contract. Because he is the listing agent, multiple listing service (MLS) rules require him to A) notify the MLS of the status change. B) give a copy of the signed contract to the MLS. C) pay additional MLS fees because of the negotiated contract. D) give a copy of the signed agreement to the broker.

Answers

Answer: A) notify the MLS of the status change

Explanation:

The Multiple Listing Service (MLS) is a platform that serves to connect Real Estate professionals and the properties they are trying to sell that way they can each market the other's properties and increase the reach of the listing.

As the listing agent of a property, the agent was the one who posted the listing on the MLS and so when the property is sold, the agent should contact the MLS and let it know that the property has been sold so that they may take appropriate action.

Pepper Company reports a $120,000 increase in inventory and a $40,000 increase in accounts payable during the year. Cost of Goods Sold for the year was $1,200,000. The cash payments made to suppliers were:

Answers

Answer:

The cash payments made to suppliers were $1,280,000

Explanation:

Cash Payment made to the supplier can be calculated using the following formula

Cash Payment made to suppliers = Cost of Goods Sold + Increase in Inventory - Increase in account payable

By Placing values in the formula

Cash Payment made to suppliers = $1,200,000 + $120,000 - $40,000

ash Payment made to suppliers = $1,280,000

Classify each of the ofllowing as either a policy instrument or an intermediate target, and explain why?

a. The ten-year Treasury bond rate
b. The monetary base
c. Ml
d. The fed funds rate

Answers

Answer: The answers are given below

Explanation:

An intermediate target is a variable this isn't controlled directly under the central bank, but one that has a quick response to policy actions. e.g money supply.

A policy instrument is a tool used to manipulate a variable in the economy and achieve a desired objective. e.g. tax rates, interest rates, subsidies etc.

a. The ten-year Treasury bond rate

It is an intermediate target because isn't controlled directly under the central bank but can be linked to an activity in the economy.

b. The monetary base

This is a policy instrument because used to manipulate a variable in the economy and achieve a desired objective.

c. Ml

This is an intermediate target as it cannot be affected directly by the Federal tools.

d. The fed funds rate

This is a policy instrument as it can be affected directly by Fed tools.

Pearl Corporation issues $380,000 of 9% bonds, due in 10 years, with interest payable semi-annually. At the time of issue, the market rate for such bonds is 10%. Compute the issue price of the bonds.

Answers

Answer:

the issue price of the bonds is $356,321.80.

Explanation:

The issue price of the bonds, PV can be determined using a Financial Calculator as follows :

Pmt = ($380,000 × 9%) ÷ 2 = $17,100

n = 10 × 2 = 20

P/yr = 2

YTM = 10%

Fv = $380,000

PV = ?

The issue price of the bonds, PV is $356,321.80

Which of the following is not one of the primary strategy options for competing in the markets of foreign countries?
A) Multi country or localized strategies
B) Forming alliances and partnerships with local companies in every country market where the company opts to compete, so as to facilitate use of an act global, think local strategic approach
C) Global strategies- where a company employs a think global, act global approach to crafting its strategy for competing in all country markets where it has a presence
D) Franchising and licensing strategies
E) Maintaining a national (one -country) production base and exporting goods to foreign markets

Answers

Answer:

B) Forming alliances and partnerships with local companies in every country market where the company opts to compete, so as to facilitate use of an act global, think local strategic approach

Explanation:

This is usually not the first or primary strategy that may be employed by a company. For example, a new company that has a lower market reach may not consider going to forming alliances and partnerships with local companies in every country market because of its limited finances.

However, a bigger company like Coca-cola wanting to compete may use this strategy.

Mia has an outside basis of $50,000 in the Brimstone Partnership, including her share of liabilities of $25,000. In a liquidating distribution, she receives cash of $10,000 and inventory worth $8,000 (inside basis to Brimstone of $20,000). What is Mia's recognized gain or loss on the liquidation and basis in the property received

Answers

Answer:

$0 gain or loss

Cash basis $10,000

Inventory $15,000

Explanation:

Calculation for Mia’s recognized gain or loss on the liquidation and basis in the property received

First step is for us to calculate for the outside adjusted basis

Using this formula

Outside adjusted basis=Outside basis - Liabilities

Let plug in the formula

Outside adjusted basis=$50,000 - $25,000

Outside adjusted basis= $25,000

Second step is to calculate for theGain or loss

Using this formula

Gain/Loss=Outside adjusted basis- Cash received - Inside basis

Let plug in the formula

Gain/Loss =$25,000 -$10,000 -$20,000

Gain/Loss = ($5,000)

Based on the above calculation for Mia Gain/loss in which Mia had ($5,000) this means there is $0 gain or loss

Third step is to calculate for the Inventory

Using this formula

Inventory = Cash + Gain/Loss

Let plug in the formula

Inventory =$10,000 + $5,000

Inventory = $15,000

In summary Mai will have $0 gain or loss, the Cash basis amount will be $10,000 while the Inventory amount will be $15,000

One common problem with the current ratio is that it is susceptible to "window dressing." If prior to the end of the accounting period Saxon Company has a current ratio of 1.5 and management wishes to boost its current ratio it may decide to:___________
a. purchase short-term investments with cash.
b. purchase more inventory with cash.
c. pay off accounts payable prior to year-end.
d. purchase more inventory on account.

Answers

Answer:

c. pay off accounts payable prior to year-end.

Explanation:

The current ratio refers to the relationship between the current assets and the current liabilities

The formula to compute is as follows

Current ratio = Current assets ÷ current liabilities

It is a liquidity ratio that represents the liquidity of the company

Now for improving the current ratio first the company pay off the account payable before the year ending as it automatically reduced the balance of account payable

Hence, the correct option is c.

Arnell Industries has $35 million in permanent debt outstanding. The firm will pay interest only on this debt. Arnell's marginal tax rate is expected to be 30% for the foreseeable future. a. Suppose Arnell pays interest of 9% per year on its debt. What is its annual interest tax shield? b. What is the present value of the interest tax shield, assuming its risk is the same as the loan? c. Suppose instead the interest rate on the debt were 7%. What is the present value of the interest tax shield in this case?

Answers

Answer:

a. Annual Interest tax shield = Debt * Interest * Tax Rate

Annual Interest tax shield = $35 million *9% *30%

Annual Interest tax shield = $0.945 million

b. PV of tax shield = $35 million *9% *30% / 9%

PV of tax shield = $10.50  million

c. PV of tax shield at 7% = 35million *7% *30% / 7%

PV of tax shield at 7% = $10.50 million

Which of the following would be included in a property management report?a) Delinquent Tenant Reportb) Tenant Screening Reportsc) Schedule E Reportd) ACH Settlemente) Vendor Ledgerf) Rent Roll

Answers

Answer:

Rent roll ( F )

Explanation:

In most case none of the options mentioned above is included in a property management report prepared for the owner of a property by the property management company unless the property is been managed by a private landlord directly.

A rent roll is sometimes been provided in the property management report because it provides vital information to the property owner should in case he wants to sell off his property. otherwise all reports are mostly handled by the management company.

Negative factors that are internal would be which of the following?

Weakness

Opportunity

Threat

Strength

Answers

Answer:

Weakness

Explanation:

The most highlighted negative internal factor is weakness. Inner strength stands to be the positive internal factor. When financial, physical, and human resources fall short or decrease there arises a complexity in any business organization that later becomes the reason for weakness. Weaknesses prove to provide an adverse effect on the firms and business organizations. They pull the productivity and hampers the processes.

Answer:

Weakness

Explanation:

The only other thing that's negative is a threat, but threats happen in the real world, while weakness is something someone feels on the inside.

The economy is generally better off when monopolies are broken up. Why is it hard for governments to do this

Answers

Answer:

• Monopolies often have laws to protect them.

• Monopolists have a lot of money to fend off antitrust lawsuits.

• Sometimes keeping it intact is the best option.

Explanation:

A monopolist is an individual or a company that controls every market for a certain product or service. It should be noted that a monopolist has a great power, enjoy economies of scale and influences price.

It is hard for government to break up monopoly because they have a huge amount of money and some are protected by the law.

Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Determine the cost assigned to ending inventory using LIFO.

Answers

Date Activities Units Acquired at Cost Units Sold at Retail

May 1 Beginning Inventory 150 units at $10.00  

5 Purchase 220 units at $12.00  

10 Sales  140 units at $20.00

15 Purchase 100 units at $13.00  

24 Sales  90 units at $21.0

Answer:

Value of closing inventory =$1290

Explanation:

Under the LIFO inventory system units of inventory are priced using the price of the most recent batch purchased and this continues in turn.

The value of closing inventory = Total cost of inventory available for sales - cost of goods sold

The cost of inventory sold would be determined as follows:

140 units  :140 × $12=1,680

90 units : 90× $13 = 1,170

Total cost of goods = 1,680 + 1,170  = 2,850

Total cost of inventory available for sales would be equal to :

(150  × $10.00) +  (220  ×$12.00) = 4,140

The value of closing inventory = Total cost of inventory available for sales - cost of goods sold

4,140  - 2,850 = $1290

Value of closing inventory =$1290

If the firm is using a fixed-period lot size of two periods, what is the order size for the first order

Answers

Answer:

The question is incomplete. The complete question is ---

Bunny Helpers, Inc., has just received an order for 100 Deluxe Easter Baskets, which must be ready for delivery at the start of week 6. An MRP planner has prepared the following table showing product structure, lead times (orders are lot-for-lot), and quantities on hand:

Each Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs; additionally one bottle of Alka-Seltzer is included for those who overindulge.

If the firm is using a fixed-period lot size of two periods, what is the order size for the first order?

280

120

200

160

150

The answer is 150.

Explanation:

For any organization, a lot size or order size is the amount or quantity of products to be made by them. It is the amount amount choosing to make or order.

MRP can be applied to the services when it is mostly focused on service components and material which is the part of that service process.

In the context, Bunny Helpers, have received an order for 100 basket of Deluxe Easter which is to be delivered at the starting  of the week.

Hence, for two periods of a lot size, the first order size should be 150 according to the MRP.

Although debt financing is usually the cheapest component of capital, it cannot be used in excess because

Answers

Answer:

C. the financial risk of the firm may increase and thus drive up the cost of all sources of financing.

Explanation:

As we know that debt financing is the cheapest source of capital but it could not be used in excess as it rises the financial risk in terms of high interest payments made to the debt holders

Also at the time of recession, the firm is not able to earn properly so it would be very difficult to make the fixed payments i.e. interest and principal payments

Also the weighted average cost of capital also rises in the case when there is an excess of debt financing

Hence, the option c is correct

"A customer buys 100 shares of ABC at $90, depositing the Regulation T requirement. She holds the position for two months, during which $100 of interest is charged on the debit balance. What is the adjusted debit balance at the end of the two month period?"

Answers

Answer:

$4,600

Explanation:

Calculation for the adjusted debit balance at the end of the two month period

Using this formula

Adjusted debit balance = (Number of shares × Shares amount ÷ Numbers of months) + Interest amount

Let plug in the formula

Adjusted debit balance= (100 shares ×$90÷2 months) +$100

Adjusted debit balance = ($9,000÷ 2 months) +$100

Adjusted debit balance=$4,500+$100

Adjusted debit balance=$4,600

Therefore the adjusted debit balance at the end of the two month period will be $4,600

When an ice cream shop was founded, it made 31 different flavors of ice cream. If you had a choice of having a single flavor of ice cream in a cone, a cup, or a sundae, how many different desserts could you have?

Answers

You could have 93 different desserts

A person could have 93 different desserts from the ice-cream shop that have 31 different flavors of ice cream. It is calculated by multiplying the total number of ice-cream flavors with the choices of containers available.

What is a dessert?

A meal's final course is usually dessert. The course comprises of sweet treats like candies and perhaps a drink like dessert wine or liqueur. There isn't a customary dessert dish to end a dinner in various parts of the world, including most of China, much of West Africa, and much of Greece.

Let's suppose, each ice cream (I) is formed by 1 ice-cream flavor, and 1 container.

There are:

31 flavors (f)3 kind of containers (c): cone, cup or sundae

We can find all the possible combinations using the following expression.

I = f × c

I = 31 × 3

I =93

Therefore, there can be 93 possible ice cream combinations.

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find the maximum profit and number of untis that must be produced and sold in order to yield the maximum profit

Answers

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Find the maximum profit and the number of units that must be produced and sold in order to yield the maximum profit. Assume that​ revenue, Upper R left parenthesis x right parenthesisR(x)​, and​ cost, Upper C left parenthesis x right parenthesisC(x)​, are in thousands of​ dollars, and x is in thousands of unitsR(x)=6x-2x^2 , C(x)=x^3-3x^2+4x+1The production level for the maximum profit is about ____ units.

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Answer:

The production level for the maximum profit is about 1215 units.

Explanation:

The given income is R(x)= 6x-2x2 and the given cost is C(x)= x3-3x2+4x+1 where x is the quantity of units created and sold.

At that point the benefit work is P(x) = R(x)- C(x) = (6x-2x2) – (x3-3x2+4x+1) = - x3+x2+2x - 1.

The benefit will be most extreme when dP/dx is 0 and d2P/dx2 is negative. Here, dP/dx = - 3x2+2x+2 and d2P/dx2 = - 6x+2 .

On utilizing the quadratic recipe, on the off chance that dP/dx = 0, at that point x = [ - 2 ± √{ 22-4*(- 3)*2]/2*(- 3) = [-2 ± √(4+24)]/(- 6) = (2± √ 28)/6 = (1 ± √7)/3 . Since x can't be negative, consequently x = (1 + √7)/3 = 1.215250437 , state 1.215 ( on adjusting to the closest thousandth).

Likewise, d2P/dx2 is negative when x = 1.215, at that point .

Subsequently, the benefit will be greatest when 1215 units are created and sold.

The creation level for the greatest benefit is around 1215 units.

Sperazza Corporation produces large commercial doors for warehouses and other facilities. In the most recent month, the company budgeted production of 6,200 doors. Actual production was 6,600 doors. According to standards, each door requires 6.4 machine-hours. The actual machine-hours for the month were 43,490 machine-hours. The standard supplies cost is $2.20 per machine-hour. The actual supplies cost for the month was $87,415. Supplies cost is an element of variable manufacturing overhead. The variable overhead efficiency variance for supplies cost is:

Answers

Answer:

Variable overhead efficiency variance= $2,310 unfavorable

Explanation:

Giving the following information:

Actual production was 6,600 doors.

According to standards, each door requires 6.4 machine-hours.

The actual machine-hours for the month were 43,490 machine-hours.

The standard supplies cost is $2.20 per machine-hour.

To calculate the variable overhead efficiency variance, we need to use the following formula:

Variable overhead efficiency variance= (Standard Quantity - Actual Quantity)*Standard rate

Standard quantity= 6.4*6,600= 42,440

Variable overhead efficiency variance= (42,440 - 43,490)*2.2

Variable overhead efficiency variance= $2,310 unfavorable

Creative Sound Systems sold investments, land, and its own common stock for $31 million, $15.1 million, and $40.2 million, respectively. Creative Sound Systems also purchased treasury stock, equipment, and a patent for $21.1 million, $25.1 million, and $12.1 million, respectively. What amount should the company report as net cash flows from investing activities

Answers

Answer:

Net cash provided from Investing activities is 8,900,000

Explanation:

Statement of cash flows from investing activities

                                                        Amount$

Sale of investment                        31,000,000

Sale of land                                    15,100,000

Purchase of equipment               -25,100,000

Purchase of patents                     -12,100,000

Net cash provided from              8,900,000

Investing activities

On decemeber 1, 2018 shamrock company receieved $3600 from destiny, Inc. for rent of an office owned by shamrock company. The payment covers the period from December 1, 2018 through February 28, 2019. Shamrock Company recorded this as Deferred Rent Revenue when it was received on December 1. The adjusting entry on December 31 would include a:_________

a. debit to Rent Revenue of $4,800.
b. credit to Rent Revenue of $3,200.
c. debit to Deferred Rent Revenue of $4,800.
d. credit to Deferred Rent Revenue of $3,200.

Answers

Answer:

Credit to Rent revenue of $1,200.

Explanation:

Date        Account Titles and explanation   Debit     Credit

Dec 31 Deferred Rent Revenue                  $1,200

                Rent Revenue                                               $1,200

Thus, answer is Credit to Rent revenue of $1,200.

Workings

December - February = 3 month

Deferred Rent Revenue = $3,600 * 1 month / 3 month = $1,200

Erickson Inc. is considering a capital budgeting project that has an expected return of 25% and a standard deviation of 30%. What is the project's coefficient of variation

Answers

Answer:

The project's coefficient of variation is 1.2

Explanation:

Coefficient of variation is the measure of variability relative to the mean.

Coefficient of variation = Standard Deviation / Average Return

Coefficient of variation = 0.30 / 0.25

Coefficient of variation = 1.2

Therefore, coefficient of variation is 1.2

An estimate of an asset's value to the company, calculated by discounting the future cash flows from the investment at the project's required rate of return and then subtracting the initial amount of the investment, is known as:

Answers

Answer: Net present value

Explanation:

The net present value are series of cash flows made by an economic agent that occurs at different times and it is based on the discount rate as it denotes time value of money.

It is the estimate of an asset's value to the company, calculated by discounting the future cash flows from the investment at the project's required rate of return and then subtracting the initial amount of the investment.

​Mercer, Inc. provides the following data for​ 2019: Net Sales Revenue Cost of Goods Sold The gross profit as a percentage of net sales is​ ________. (Round your answer to two decimal​ places.)

Answers

The question is incomplete as it is missing the figures. The complete question is,

Mercer, Inc. provides the following data for​ 2019:

Net Sales Revenue 598000

Cost of Goods Sold 350000

The gross profit as a percentage of net sales is​ ________. (Round your answer to two decimal​ places.)

Answer:

Gross profit as a percentage of net sales = 0.4147 or 41.47%

Explanation:

The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.

Gross profit = Net Sales - Cost of goods sold

Gross Profit = 598000 - 350000   = $248000

The gross profit as a percentage of net sales is,

Gross profit as a percentage of net sales = Gross profit / Net Sales

Gross profit as a percentage of net sales = 248000 / 598000

Gross profit as a percentage of net sales = 0.4147 or 41.47%

Suppose you bought a bond with an annual coupon rate of 4.6 percent one year ago for $930. The bond sells for $955 today.
a. Assuming a $1,000 face value, what was your total dollar return on this investment over the past year?
b. What was your total nominal rate of return on this investment over the past year?

Answers

Answer:

a. $71

b. 7.63%

Explanation:

a) The total dollar return is = Increase in Price + the coupon payment

Total dollar return = $955 – 930 + 46

Total dollar return = $71

b) The total percentage return of the bond is =  Total dollar return / Previous Bond Price

R = [($955 – 930) + 46] / $930

R = 0.0763

R = 7.63%

The amortization of flotation costs reduces taxes and thus provides an annual cash flow. What will the net increase or decrease in the annual flotation cost tax savings be if refunding takes place

Answers

New York Waste (NYW) is considering refunding a $50,000,000, annual payment, 14% coupon, 30-year bond issue that was issued 5 years ago. It has been amortizing $3 million of flotation costs on these bonds over their 30-year life. The company could sell a new issue of 25-year bonds at an annual interest rate of 11.67% in today's market. A call premium of 14% would be required to retire the old bonds, and flotation costs on the new issue would amount to $3 million. NYW's marginal tax rate is 40%. The new bonds would be issued when the old bonds are called.The amortization of flotation costs reduces taxes and thus provides an annual cash flow.

a) What will the net increase or decrease in the annual flotation cost tax savings be if refunding takes place?

a. $6,480 b. $7,200 c. $8,000 d. $8,800 e. $9,680

Answer:

C. $8,000

Explanation:

Given the following parameters

Amount: $50,000,000,

Call premium %: 14%

Old rate: 14.00%

Tax rate: 40%

Original life: 30

New rate: 11.67%

Years ago issued: 5

New life: 25

Original flotation cost: $3,000,000

New flotation cost: $3,000,000

Years remaining on old bond: 25

Then we solve for old new annual amortization tax effects:

Flotation costs benefit, new: ($3,000,000/25)(0.4) = $48,000

Flotation costs lost, old: ($3,000,000/30)(0.4) = $40,000

Net annual amortization tax effects = New flotation cost - Old floatation cost

=> $48,000 - $40,000 = $8,000

Hence, the right answer is $8,000

perline, inc., has balance sheet equity of $6.2 million.At the same time, the income statement shows net income of $948600. The company paid dividends of $493272 and has 100000 shares of stock outstanding. If the benchmark PE ratio is 26, what is the target stock price in one year?

Answers

Answer:

The target stock price in one year is $264.75

Explanation:

We first calculate the ROE as below

ROE= Earnings / Book value of Equity

ROE= $948,600 / $6,200,000

ROE= 0.153

The payout ratio is:

b=  Dividend / Net income

b = $493,272 / $948,600

b = 0.52

So the sustainable growth rate is:

g = ROE * (1-b)

g = 0.153 * (1-0.52)

g = 0.153 * 0.48

g = 0.07344

The earning in the first year are

EPS1 = $948,600 / 100,000  * (1 + 0.07344)

EPS1 = $9.486 * 1.07344

EPS1 = $10.1827

According to the benchmark PE ratio, the target stock price in one year is  

Price = EPS1 * 26

Price = $10.1827 * 26

Price = $264.75

Let's assume that you're starting a new fishing business (not Cod as they are fished out in New England). Discuss the potential customers for this product/service. Remember you could be doing this anywhere in the world. 2. Based on the nature of the product/service, recommend at least 3 possible social media to use in marketing the product/service. Describe your recommendations and discuss the advantages and disadvantages of each. 3. How would you ensure long-term sustainability in your new endeavor

Answers

Explanation:

1. The fishing business is a striving business anywhere in the world as many people depend on fish for its various uses. The potential customers for this product/service include;

individuals who purchase for foodpharmaceutical corporations: fish oil are known for their medicinal value are used as ingredients in certain drugs.

 2. Based on the nature of the product/service, the 3 possible social media to use in marketing the product/service:

video platforms (not named because of Brainly's guidelines)

PROs> This allows for more engaging ads, where you actually track key performance metrics of those who showed interest in video ads.

CONS> It usually comes at a higher cost

chat platforms

PROs> It allows easy feedback

CONs> It doesn't allow key performance metrics to tracked effectively.

influencer platforms.

3. To ensure long-term sustainability in our new endeavor emphasis would be placed on reducing operating cost structure.

1. The fishing industry is thriving all around the world, as many people rely on fish for a variety of purposes.

Customers that could be interested in this product or service include:Individuals who buy for food pharmaceutical companies: fish oil is utilized as a component in several medications because of its therapeutic potential.

2. The three probable social media to employ in marketing the services or products, depending on the nature of the good or service:

Platforms for video.

PROS ; This enables you to create more engaging advertising by tracking important performance data of individuals who have shown interest in video ads.

CONS ; It is typically more expensive.

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https://brainly.com/question/25215762?referrer=searchResults

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