A multivalued determinant is a field or group of fields that determines multiple values of

Clay Corporation manufactures two styles of lamps—a Bedford Lamp and a Lowell Lamp

The following per unit data are available: Bedford Lamp Lowell Lamp Sales price $27 $35 Variable costs $17 $22 Machine hours required for one lamp 2 4 Total fixed costs are $30,000, and Clay can sell a maximum of 10,000 units of each style of lamp annually. Machine hour capacity is 25,000 hours per year. What is the contribution margin per machine hour for the Bedford Lamp? (Round your answer to the nearest cent.) A) $5.00 per machine hour B) $3.25 per machine hour C) $13.50 per machine hour D) $17.50 per machine hour

GFM, Inc. earned $4 a share last year and it is expected to earn $5 a share next year. Assuming a P/E ratio of 10, the price of the company's stock should be

A) $40 a share. B) $50 a share. C) $90 a share. D) $0.50 a share.