Daniel Corporation Had Net Income for 2018 of $75,000

question 18

Multiple Choice

Daniel Corporation had net income for 2018 of $75,000.Daniel had 6000 shares of common stock outstanding at the beginning of the year and 22,000 shares of common stock outstanding at the end of the year.There were 8000 shares of preferred stock outstanding all year.During 2018,Daniel declared and paid preferred dividends of $26,000.On December 31,2018,the market price of Daniel's common stock is $45 per share and the market price of its preferred stock is $73 per share.What is Daniel's price/earnings ratio at December 31,2018? (Round any intermediate calculations and your final answer to the nearest cent.)

• A) 12.86
• B) 20.86
• C) 13.20
• D) 13.63

Recognize the role of vitamins and ions in blood coagulation.

Understand the conditions affecting blood clot formation and dissolution.

Learn about the genetic and antigenic basis of blood groups and their implications for transfusions.

Distinguish between different types of anemia and their causes.

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Definitions:

Machine-Hours

The total hours that machines are in operation during a specific period used as a measure for allocating costs or determining efficiency.

Job-Order Costing System

A costing method used to calculate the costs associated with individual jobs or orders, tracking direct labor, direct materials, and manufacturing overhead per job.

Predetermined Overhead Rate

It is a rate used to allocate estimated overhead costs to cost objects based on a chosen activity base, calculated before the period begins.

Machine-Hours

A measure of the amount of time a machine is used during the production process.