For Calendar 2014, Budapest Corp

question 116

Multiple Choice

For calendar 2014, Budapest Corp.reported net income of $29,280 and earnings per share of $2.46.There were 12,000 common shares outstanding during 2014.On Dec 31, 2014, the market price for Budapest's common shares was $32.To the nearest whole number, what is Budapest's price earnings ratio at Dec 31, 2014?

• A)13
• B)32
• C)375
• D)915

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Definitions:

Maslow's Hierarchy

A theory of human motivation that suggests people are motivated to fulfill basic needs before moving on to other, more advanced needs, culminating in self-actualization.

Affiliation Motive

The drive to build and maintain positive interpersonal relationships and to be part of a group.

McClelland's Model

A psychological theory of motivation that asserts people are motivated by three primary needs: achievement, affiliation, and power.

Personal Relationships

Interpersonal connections formed between individuals based on shared interests, emotions, and other social commitments.