The balance sheet for bearing industries inc. at the end of the current fiscal year indicated the following:
bonds payable, 7% (issued in 2006, due in 2026): $1,200,000 preferred $5 stock, $50 par: 82,000
common stock, $14 par: 298,480
income before income tax was $134,400, and income taxes were $19,600, for the current year. cash dividends paid on common stock during the current year totaled $28,782. the common stock was selling for $45 per share at the end of the year.

determine each of the following:
round answers to one decimal place, except for dollar amounts which should be rounded to the nearest whole cent. use the rounded answers for subsequent requirements, if required.

a. number of times bond interest charges are earned times
b. number of times preferred dividends are earned times
c. earnings per share on common stock
d. price-earnings ratio
e. dividends per share of common stock
f. dividend yield

Suppose that two firms produce differentiated products and compete in prices. as in class, the two firms are located at two ends of a line one mile apart. consumers are evenly distributed along the line. the firms have identical marginal cost, $60. firm b produces a product with value $110 to consumers. firm a (located at 0 on the unit line) produces a higher quality product with value $120 to consumers. the cost of travel are directly related to the distance a consumer travels to purchase a good. if a consumerhas to travel a mile to purchase a good, the incur a cost of $20. if they have to travel x fraction of a mile, they incur a cost of $20x. (a) write down the expressions for how much a consumer at location d would value the products sold by firms a and b, if they set prices p_{a} and p_{b} ? (b) based on your expressions in (a), how much will be demanded from each firm if prices p_{a} and p_{b} are set? (c) what are the nash equilibrium prices?

Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery

Scoresby co. uses 6 machine hours and 2 direct labor hours to produce product x. it uses 8 machine hours and 16 direct labor hours to produce product y. scoresby's assembly and finishing departments have factory overhead rates of $240 per machine hour and $160 per direct labor hour, respectively. how much overhead cost will be charged to the two products? a. product x = $1,440; product y = $2,560 b. product x = $1,760; product y = $4,480 c. product x = $3,200; product y = $9,600 d. product x = $800; product y = $800