Please solve the following qestions with detailed explanations...

16. 17. 18. 19. 20. 3M Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000 in 2023. The weighted average number of shares outstanding in 2023 was 50,000 shares. 3M Corporation's common stock is selling for $40 per share on the New York Stock Exchange. The price-earnings ratio (PIE) is: a. 2 times. b. 8 times. c. 10 times. d. 5 times. A mixed cost contains a. a variable element and a fixed element. b. both selling and administrative costs. c. both retailing and manufacturing costs. d. both operating and nonoperating costs. All of the financial statements are for a period of time except the a. income statement. b. owner's equity statement. c. balance sheet. d. statement of cash flows. A company has total fixed costs of $180,000 and a contribution margin ratio of 20%. The total sales necessary to break even are a. $720,000. b. $900,000. c. $225,000. d. $216,000. Budgeting is usually most closely associated with which management function? a. b. c. d. Planning. Directing. Motivating. Controlling.