Answer:
a good decision requires that we recognize both viewpoints
Explanation:
Based on this information it can be said that an economist would most likely state that a good decision requires that we recognize both viewpoints. That is because every decision will affect everyone, but some individuals will be affected positively while others will be affected negatively. Therefore trying to recognize the viewpoint of both sides will allow for decisions that are as fair as possible to both sides.
Morrison Foods has decided to introduce a new line of turkey products to the American consumer. Turkey steaks resemble beefsteak in taste and are leaner and healthier for a variety of reasons. However, the company is concerned that the product will not be accepted in America. If Morrison Foods follows a strategy of ________, they are more likely to have a successful introduction of the new product.
Answer:
Cultural congruence
Explanation:
Cultural congruence refers to the process that leads towards an efficient interaction between the producers and the consumers. This process is modeled upon the phenomena of evolving and growing cultural significance. The amalgamation and interaction between the provider and the consumers lead to the quality of the service provided.
The given excerpt brings towards the use of the strategy of cultural congruence. The company Morrison Foods took the step of introducing Turkey products to American consumers. Improving the quality of the product and the mode of communication and care may help the company establish a good relation and customers in America.
A couple visits Orlando and has dinner at the A Land Remembered restaurant at Rosen Shingle Creek Resort. They spend $100 and leave a nice 20% tip for the waitperson. The waitperson gets the tip added to his/her weekly wage, which s/he uses to pay his/her rent, food, and transportation expenses. The restaurant owner uses part of the $100 to purchase supplies; pay utilities, insurance, and taxes; and covers part of his/her payroll. The food vendor pays his/her suppliers and employees, and on and on this goes. What is this process called
Answer:
Multiplier effect
Explanation:
Multiplier effect is an economic term for a phenomenon where increased spending results in increase in national spending and consumption that is greater than the initial amount spent.
It is when an increase in an economic factor causes an increase in many other economic variables.
In the given scenario the couple spend $100 and leave a nice 20% tip for the waitperson. The waitperson gets the tip added to his/her weekly wage, which s/he uses to pay his/her rent, food, and transportation expenses. The restaurant owner uses part of the $100 to purchase supplies; pay utilities, insurance, and taxes; and covers part of his/her payroll. The vendor also pays his suppliers.
This extended effect of the $100 spent on other economic variables is called the multiplier effect.
The marginal physical product of labor is Group of answer choices the slope of the total output curve at the relevant point. the negative of the slope of the total output curve at the relevant point. the slope of the line connecting the origin with the relevant point on the total output curve. the negative of the slope of the line connecting the origin with the relevant point on the total output curve.
Answer:
The slope of the total output curve at the relevant point.
Explanation:
A marginal physical product can be defined as the extra output which is being generated by using an extra input. This ultimately implies that, marginal physical product of labor refers to the change in the level of output that is generated from using an additional unit of labor.
Mathematically, marginal physical product of labor is given by the formula;
Marginal physical product of labor = ΔY/ΔL
Where, ΔY is the change in total physical output.
ΔL is the change in labor.
In the short run, when the number of workers are increased it would result in a diminishing marginal product with respect to the law of diminishing marginal returns.
The marginal physical product of labor is the slope of the total output curve at the relevant point.
For instance, if brainly producing 50 answers decides to employ one more tutor and is then able to produce 55 answers, the marginal physical product of labor is simply 5.
A portfolio manager generates a 10% rate of return on a "small cap" portfolio, compared to an 8% rate of return on the benchmark portfolio and a 6% rate of return on the Standard and Poor's 500 index over the same period. The active rate of return on the portfolio is:
Answer:
2%
Explanation:
Data provided in the question
Generated rate of return = 10%
The rate of return on the portfolio = 8%
The rate of return on the index = 6%
Based on the above information, the active rate of return is
= Generate rate of return - the rate of return on the portfolio
= 10% - 8%
= 2%
It shows the difference between the benchmarked portfolio and the generated rate of return and the same is applied
In the classical model with fixed output, the supply and demand for goods and services are balanced by: Group of answer choices the interest rate. government spending. taxes. fiscal policy.
Answer:
The interest rate.
Explanation:
The classical model is the economic theory which was developed before the emergence of the Keynesian economic theory (John Maynard Keynes). The classical model of economics postulated that the economy is self regulating, prices for goods and wages are flexible, supply of goods and services gives rise to its own demand and that investment is equal to savings. Some of the classical economists are Adam Smith, David Ricardo, Jean-Baptiste Say, and Thomas Malthus.
In the classical model with fixed output, the supply and demand for goods and services are balanced by the interest rate. This simply means that, when the level of production or quantity of output is fixed, the supply and demand for goods and services are directly affected by the interest rate. Under the classical model with fixed output, the interest rate is flexible and as such it adjusts to the number of goods supplied and demanded by the consumers.
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A competitive firm sells its output for $60 per unit. Assume that labor is the only input that varies for the firm. The marginal product of the 10th worker is 20 units of output per day; the marginal product of the 11th worker is 16 units of output per day. The firm pays its workers a wage of $150 per day. For the 11th worker, the value of the marginal product of labor is
Answer:
$600
Explanation:
The computation of the value of the marginal product of labor is shown below:-
Value of marginal product of labor (MRPL) of the 10th worker = MRP Price = Maximum retailing price
= 10 × $60
= $600
Therefore for computing the marginal product of labor we simply applied the above formula and we ignore all other values as they are not relevant.
Marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. She believes she'll have her best return on investment by narrowing her Google Search campaign audience. Which two Google Search campaign settings can be configured to reach more specific customers? (Choose two.)
The available options are:
A. Web browser
B. Budget
C. Budget type
D. Location
E. Device type
Answer:
Device type
Location
Explanation:
Understanding that the campaign type on chooses determine where users see ads, therefore, it is imperative that one can customize plenty of features to make sure one engage the most meaningful audiences, wherever they are.
Hence, with Device Targeting: one can easily reach various customers on any device, including desktops, tablets, and smartphones.
While the configuration of Location and Language, helps the campaign’s ads to show the customers in particular locations, or show customers who’ve chosen one selected language as their browser’s language setting.
Therefore, Configuration of Location and Device type setting can help her specifically define her Google Search campaign audience. Such that, the setting can be set up to meet more specific customers to get best return on investment.
Marta will choose the device type and location settings that can be configured to reach more specific customers. Thus, option D and E are correct.
Given that the campaign type one selects determines where consumers see advertising, it is essential to be able to customise a wide range of elements to ensure that one engages the most relevant audiences, wherever they may be.
As a result, Device Targeting makes it simple to target a variety of clients on PCs, tablets, and smartphones. While the selection of Location and Language assists in showing the campaign's advertising to consumers in certain places or to customers who have picked a particular language as their browser's default language.
Therefore, she may more precisely identify the audience for her G..gle Search ad by configuring the Location and Device type settings. In order to maximise return on investment, the environment can be configured to cater to more particular clients.
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Your question seems to be incomplete, but most probably the complete question was:
Marta's online store sells accessories for a widely used smartphone, and her current customer base shares a number of relevant characteristics. She believes she'll have her best return on investment by narrowing her G..gle Search campaign audience. Which two G....e Search campaign settings can be configured to reach more specific customers?
A. Web browser
B. Budget
C. Budget type
D. Location
E. Device type
Morgan and Dana are partners. The partnership capital for Morgan is $50,000 and for Dana is $60,000. Townsend is admitted as a new partner by investing $40,000 cash. Townsend is given a 25% interest in return for her investment. The amount of the bonus to the old partners is
Answer:
$2,500
Explanation:
Given the following:
Old partners :
Morgan's partnership capital = $50,000
Dana's partnership capital = $60,000
New partner :
Townsend's partnership capital = $40,000
Total partnership capital :
Old partner + new partner
$(50,000+60,000+40,000) = $150,000
Townsend's investment return :
25% of total partnership investment
0.25 × $150,000 = $37,500
Bonus to old old partners:
Townsend's investment capital - Townsend's return
$(40,000 - 37,500) = $2,500
Bonus to old partners = $2,500
Emil Company expects that its asset will be more useful during early years of its life than during later years. In addition, the company estimates that repair costs will increase over time. Which method(s) may help equalize total expenses recognized over the service life of this asset
Answer: sum of the years digits
double decling balance
Explanation:
Sum-of-the-years'-digits is a method that is used in calculating the depreciation of an asset's depreciation.
In this method, the expected life of the asset is taken and then added together
to each year's digit.
For example, if an asset was believed that it would last for four years, then it should be noted that the sum of the years' digits would then be gotten by adding: 4 + 3 + 2 + 1 = 10.
Q2. 90% of flights depart on time. 80% of flights arrive on time. 75% of flights depart on time and arrive on time. Are the events, departing on time and arriving on time, independent?
Answer:
Events departing on time and arriving on time are NOT independent.
Explanation:
If two events A and B are independent, then
P(A and B) = P(A) * P(B)
Here
A = flights depart on time
B = flights arrive on time
P(A) = 0.90
P(B) = 0.80
If A and B are independent, then
P(A and B) = P(A) * P(B) = 0.9 * 0.8 = 0.72
Since
the observed value of P(A and B) is 0.75,
assuming that there are no observation errors, we conclude that the two events A and B are not independent.
Icy Mocha Company estimates its factory overhead costs to be $35,000 and machine hours to be 5,000 for the year. If the actual hours worked on Jobs 333 and Jobs 334 total 4,980 and actual factory overhead costs are $34,700, what is the amount of either over- or underapplied factory overhead
Answer:
$160 overapplied
Explanation:
Icy Mocha company estimates it's factory overhead costs to be $35,000 and machine hours to be 5,000 for a period of one year.
The actual number of hours worked on job 333 and 334 equals a total of 4,980
The actual factory overhead costs are $34,700
The first step is to calculate the predetermined overhead rate
= Overhead costs/machine hours
= $35,000/5,000
= $7
The amount of either over or underapplied factory costs can be calculated as follows
= predetermined overhead rate×actual number of hours worked
= $7×4,980
= $34,860
The amount is then subtracted from the actual overhead costs
= $34,700-$34860
= -$160
= $160 overapplied
Hence the amount of overapplied factory overhead is $160
What type of interest group seeks the betterment of society as a whole or the reform of the political, social, or economic system in ways that do not directly affect their members pocketbooks
Answer:
The correct answer will be "Non-economic interest groups ".
Explanation:
Such special interests as well as define the classifications of non-monetary or economic interest groups but mostly their serving congressional districts. Citizen organizations are structured around the purposeful rewards that are reasons to facilitate a causation one specializes throughout.This is indeed a party that aims to change almost everything in the community or overhaul the democratic, social structure in a way that still does not ultimately affect the campaign coffers of the participants.What nonprofit organization distributes knowledge related to health care for the purpose of improving health to governmental agencies, the public, business, and health care professionals?
Options:
a. Institute for Safe Medication Practices.
b. Institute of Medicine.
c. National Committee for Quality Assurance.
d.The Joint Commission.
Answer:
b. Institute of Medicine.
Explanation:
Interestingly, according to information found on its website, the The Institute of Medicine (IOM) is an independent, nonprofit organization that provides advice to decision makers and the public, which includes distributes information related to health care for the purpose of improving health to governmental agencies, the public, business, and healthcare professionals.
Economists are: Select one: a. concerned with developing theories and interested in solving problems. b. interested in solving problems but not concerned with developing theories. c. reluctant to predict changes in variables such as prices, employment, and spending. d. always in agreement on the best way to implement policy decisions.
Answer:
a. concerned with developing theories and interested in solving problems.
Explanation:
The term economists refer to the person who studies, theorizes, analyzes, and develops concepts in the discipline of economics. Economists have the excellence and work in the field of academia, in the government sector and private sectors. They are experts whose opinions and researches help in the building up of the policies related to the economic terms of the market. They theorize the concepts and researchers on the market trends to help in the growth of the economy respectively.
When output is 20, fixed costs are $100 and variable costs are $400. When output rises to 21, fixed costs are $100 and variable costs are $450. This implies that the marginal cost of the last unit of output equals:
Answer:
The marginal cost of last unit is 50 dollars
Explanation:
Given output = 20
Fixed cost = $100
Variable costs = $400
Now find the total cost (TC) of production when the output is 20. So TC = fixed costs + variable costs.
Total cost at 20 units = 100 + 400 = 500
Now output rises to 21 units with fixed cost $100 and variable cost $450.
Now total cost at 21 units = fixed costs + variable costs.
= 100 + 450 = 550.
Now find the marginal cost of last units.
The marginal cost of lat unit = total cost of 21 units – the total cost of 20 units.
= 550-500
= $50
An employee can exclude from gross income the value of meals provided by his or her employer whenever: a.The meals are provided for the convenience of the employee. b.The meal is not extravagant. c.There are no places to eat near the work location. d.The meals are provided on the employer's premises for the employer's convenience. e.None of these choices are correct.
Answer:
am not a business student but I think d is the answer
The program that sought to streamline production and boost profits by systematically controlling costs and work practices was called Group of answer choices the school of freedom. Fordism. scientific management. the assembly line.
Answer:
The program that sought to streamline production and boost profits by systematically controlling costs and work practices was called scientific management.
Explanation:
Scientific management is the term for a method of planning production developed during industrialization. It states that industrial products must be characterized by scientifically designed methods, and that all thought work is moved from the workshop floor to various planning departments. According to Frederick Taylor (the creator of this system), the best management is one that is based on the right science, otherwise production can become inefficient, which in turn leads to financial loss. The main goal of management in companies is to ensure optimal prosperity for both employer and employee. The streamlining of mass production in the 20th century, such as assembly line production in industry, was strongly influenced by Taylor's thinking.
Conscious marketing: Group of answer choices is often grafted on to traditional business model, usually as a separate department or part of PR. is independent of corporate purpose or culture. sees limited overlap between the business and society, and between business and the planet. recognizes that business is a subset of society, and that society is a subset of the planet. reflects a mechanistic view of business.
Answer:
recognizes that business is a subset of society, and that society is a subset of the planet.
Explanation:
Conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet.
This ultimately implies that, conscious marketing encourages or jeer various organizations to engage in social responsibilities such as ethical and social activities.
Basically, an organization that engage in conscious marketing is very much concerned with having a sustainable and long-term brand’s performance by being authentic, ethical, transparent, and honest with its customers, in order to create a win-win relationships for both parties. The conscious marketing involves the following stakeholders;
1. Employees.
2. Society.
3. Consumers.
4. Market place.
Since conscious marketing recognizes that business is a subset of society, and that society is a subset of the planet, it makes organization to have conscience in serving all their stakeholders rather than just focusing on making sales and profits.
Generally, when an organization engage in conscious marketing it helps them to improve their brand equity and thus, increasing their sales and profits.
Conscious marketing is recognizing that business is a subset of society, and that society is a subset of the planet. Thus, option (d) is correct.
By trying to involve customers more directly in the purchasing process and tailoring marketing and sales activities based on the fundamental values and objectives of the consumer base, conscious marketing varies from conventional marketing strategies.
It puts the needs of the client first and gives them the power to choose the products that are ideal for their lifestyle and well-being. Transparency, fair expectations, and a focus on a brand's social impact are all characteristics of conscious marketing.
As a result, the significance of the conscious marketing are the aforementioned. Therefore, option (d) is correct.
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Your question is incomplete, but most probably the full question was.
Conscious marketing:
A. is often grafted on to the traditional business model, usually as a separate department or part of PR.
B. is independent of corporate purpose or culture.
C. sees limited overlap between the business and society, and between business and the planet.
D. recognizes that business is a subset of society, and that society is a subset of the planet.
E. reflects a mechanistic view of business.
A single branch of Simpson Shoes has been operating since 1917. They recently ran their first online ad and after its launch the owner wanted to see the ad online. Where should the owner search to find his Local Inventory ad?
The question is incomplete:
A single branch of Simpson Shoes has been operating since 1917. They recently ran their first online ad and after its launch the owner wanted to see the ad online. Where should the owner search to find his Local Inventory ad?
-When he is nearby Simpson Shoes using Google Maps to navigate.
-In the sidebar during a search for Simpson Shoes shop hours.
-On a billboard near the entrance to Simpson Shoes shop.
-When he is nearby Simpson Shoes searching online for an in-stock style
Answer:
-When he is nearby Simpson Shoes searching online for an in-stock style
Explanation:
Local inventory ads are online ads that appear on Google where companies can show the information about a store and its inventory to potential customers that are located close to a specific store. According to that, the answer is that the owner should search when he is nearby Simpson Shoes searching online for an in-stock style to find his local inventory ad as the ad would be displayed to people searching on Google that are close to the store.
Th other options are not right because this ad won't appear in Google Maps. Also, the owner won't be able to see it in the sidebar during a search for Simpson Shoes shop hours as he would have to be near the store. Moreove, this is an online ad and it is not possible to see it on a billboard.
Antoine is giving a speech about the national mall in washington,
d.c. and plans to highlight three key locations. first, he plans to talk about the capitol building, which is located on the east end of the mall. second, he plans to talk about the washington monument, which is located in the middle of the mall. finally, he plans to talk about the lincoln memorial, which is located on the west end of the mall. which pattern of organization is antoine using
Answer:
Spatial
Explanation:
The pattern of organization that antoine was using is SPATIAL PATTERNS OF ORGANISATION.
Spatial pattern of organization is the type of patterns that help to arranges or organized information according to how they exists in relation to another which is why SPATIAL pattern is useful in a situation where a writer wishes or desire to create a great mental picture of something which has several parts differentiated by physical location during a speech just as in the case of Antoine in which
he first plans to talk about the capitol building, located on the east end of the mall. The second location he plans to talk about was the washington monument, located in the middle of the mall while the third location he plans to talk about was the lincoln memorial, located on the west end of the mall. This shown that Antonie was using SPATIAL pattern of organisational when he was planning on how to give the speech reason been that the speech Antonie intended to speak about based on three locations was plan ,organized and arranged based on how the location fit together in physical space.
A salesperson obtains several listings by going door-to-door in a neighborhood and warning residents that property values will drop once members of minority groups begin moving into the neighborhood. This would be considered:
Answer:
Blockbusting
Explanation:
Blockbusting is defined as a practice where agents persuade owners to sell properties at a lower price by creating fears that people of another race or class will enter the area and property prices will drop.
The properties are sold afterwards for higher prices, therefore the agent makes profit.
This is a tactic used in the United States by real estate agents to convince white people sell property at a cheap price by creating fear of minorities entering the neighbourhood
Mike remembers his grandfather telling him, "If you can find something you like to do, and somebody is willing to pay you to do it, that's the secret to a great life." The way Mike saw it, this was his chance. For the past five years, he's been splitting his time between school and working at a local tree farm. The owner recently announced he was ready to retire. As Mike began creating a business plan, he contemplated what the business might be worth. How much will he need to buy this business
Options:
For starters, Mike
A. needs to understand that it's difficult to buy an existing business, rather than start your own. The key will be to meet with the company's accountant, and explain your interest. The accountant will have all the answers.
B. will want to determine the assessed value of the acreage that the business owns, and then bid competitively.
C. should speak with the current owner and determine the total value of assets (what the business owns), its earning potential, and its unique advantage.
D. needs to find a government database that outlines what nursery businesses are worth, on average, across the country.
Answer:
C. should speak with the current owner and determine the total value of assets (what the business owns), its earning potential, and its unique advantage.
Explanation:
It is somewhat inaccurate to say "it's difficult to buy an existing business", because there are several advantages of doing , such as already established market etc.
Mike's speaking to the current owner not the company's accountant may provide more information than what is known by the company accountant.
Having proper knowledge about the earning potentials and unique advantages of the company would enable Mike know what the business he is about to venture into is really worth.
If the price of money (e.g., interest rates and equity capital costs) increases due to an increase in anticipated inflation, the risk-free rate will also increase. If there is no change in investors' risk aversion, then the market risk premium (rM - rRF) will remain constant. Also, if there is no change in stocks' betas, then the required rate of return on each stock as measured by the CAPM will increase by the same amount as the increase in expected inflation.
a) true
b) false
When a production possibilities frontier is bowed out it shows... Group of answer choices that there is no transaction cost going from one good to the next. an example of increasing opportunity cost. that resources are perfectly shiftable from the production of one good to another. All of these answers are correct.
Answer:
that resources are perfectly shiftable from the production of one good to another.
Explanation:
Production possibilities frontier defines that is a graph showing all the different production combinations of two products which can be manufactured using present resources and technology. The production possibilities frontier incorporates scarcity, option and trade-off principles.
In other term Production possibilities frontier Indicates the cumulative production mixture of different products or services that an economy can achieve by making optimal use of all available resources.
I am considering buying a new sports car like a Ford Mustang. Another sports car that would not likely compete head-to-head like the Audi R8, which is at a significantly higher price point, best represents which type of competition? radio_button_unchecked Brand competition radio_button_unchecked Industry competition radio_button_unchecked Generic competition radio_button_unchecked Form competition SUBMIT
Answer:
Brand Competition
Explanation:
Brand Competition arises when two or more different companies offer a similar product, under a different brand. The products are similar, but not fully substitutes: they can be distinguished in some way: quality, features, price, and so on.
In this case, what makes the Ford Mustang and the Audi R8 is the price. The Ford brand is significantly cheaper than the Audi brand, which might give Ford the upper hand in market share. However, this is not always the case because the Audi car could have the upper hand when it comes to quality, and obtain more marke share because of that.
Among technology adopters, these customers serve as a gatekeeper to the rest of the technology life cycle and their endorsement is needed for an innovation to get a fair hearing in the organization. However, they do not have access to the resources needed to move an organization toward a large-scale commitment to the new technology. This describes:
Answer:
technology enthusiasts
Explanation:
A technology enthusiast is a person who just loves the technology and liked to play with the new gadgets
In the given situation, since it is mentioned that the customers treated as a gatekeeper for the remaining technology life cycle but at the same time they do not have access for the resources that are needed in the organization for large scale commitment to moving out the new technology
So this describes the technology enthusiasts
Carl, a partner at Bacrabs, an advertising agency, plans to open a branch of the agency in his hometown. He understands that the human resource (HR) requirements of the new branch would differ from that of its main office because of the differences in the nature and volume of work. Hence, he decides to examine what needs to be done in each position in the new branch according to the nature and volume of work. In the context of HR planning, which of the following concepts does this scenario best illustrate?
A. Internal recruitment
B. Management development
C. Employee selection
D. Job analysis
Answer:
D.
Explanation:
In Human Resource management, the term Job Analysis refers to process of analyzing and collecting the information of requirement and responsibility of a job. One of the duty of an HRM is to analyze the responsibilty that a job would require. It helps in identifying and studying the nature of a job and the right person to fill that position.
In Job analysis scenario, HRM is able to form what level of experience would a person need to have for the job, and necessary skills and knowledge that's required. HR in Job analysis is able to differ from the nature and volume of work.
So, the correct answer would be option D in the given scenario. It is because Carl is examining and analyzing the nature of new branch that would be different from its main office.
Type your response in the box. As you read this paragraph, think about the various traits of money. On her way to work, Cara stops by her local coffee shop for tea and oatmeal to go. She pays cash and receives change. She then remembers that she needs to get gas. She fills up her car’s tank, and charges it to her credit card. When her shift is over, she goes to the ATM to deposit her paycheck in her savings account. She stops home to change clothes before she goes to the gym. Not wanting to take her purse to the gym, she folds up a $5 bill and puts it in her pocket with her driver’s license. When she pays for water and a banana at the gym, the clerk laughs at how old Cara’s $5 bill is. Cara replies that it’s good that all money looks the same over the past few years. List five ways this scenario references money????? can someone help me please please.
Answer:
Here are some possible answers:
She buys items with cash.
She gets change.
She uses a credit card.
She deposits a paycheck in the bank.
She folds up cash.
She hears that her cash looks old.
She says that it looks the same as newer bills.
Explanation:
PLATO
Answer:
She buys stuff with cash, she gets change, she uses a credit card, she deposits a paycheck in the bank, and she folds up cash
Explanation:
Hope this helps! <3
The market capitalization rate on the stock of Aberdeen Wholesale Company is 14%. Its expected ROE is 15%, and its expected EPS is $6. If the firm's plowback ratio is 60%, its P/E ratio will be _________.
Answer:
8
Explanation:
Data provided in the question:
The market capitalization rate on the stock = 14%
Expected ROE = 15%
Expected EPS = $56
Firm's plowback ratio = 60%
Based on the above information
The computation of the P/E ratio is shown below
But before that, we need to do the following calculations
As we know that
Payout ratio = (1 - plowback ratio )
= (1 - 0.6 )
= 0.4
Now
Growth rate = ROE × Retention ratio
= 0.15 × 0.60
= 9%
And,
Dividend for next period i.e D1 is
= EPS × Payout ratio
= $6 × 0.4
= $2 .4
So,
Current price = D1 ÷ ( Market capitalization rate - Growth rate )
= $2.4 ÷ ( 0.14 - 0.09 )
= $48
And, finally
P/E ratio is
= (Current price) ÷ (EPS)
= $48 ÷ $6
= 8