On January 1, 2016, Bennett Corporation had 20,000 shares of common shares outstanding. During the year, it sold another 2,600 shares on July 1 and reacquired 600 shares on November 1. The corporation earned $337,600 net income. The company also has 15,000 shares of $10 par value, 6%, cumulative preferred stock on which no dividends have been declared for the last two years. What is the basic earnings per share for the year?
A) $15.92
B) $15.65
C) $15.50
D) $15.08
C
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Which one of the following items must be disclosed for all reportable operating segments in the notes to financial statements?(I.) Revenue from external customers.(II.) Total Segment Assets(III.) Revenues from foreign customers, identified by country.
A. I, II, and III B. I and II only C. II and III only D. I and III only E. There is no requirement of information to disclose for operating segments.
Technology enthusiasts are also known as:
a. geeks b. early adopters c. innovators d. technovators e. risk-takers
John operates a small repair business and is in desperate need of a certain type of building material. He obtains the material from a large corporation, but is charged a grossly unreasonable price and is forced to buy other material he does not need. In view of the buyer's unequal bargaining power and unreasonable terms of the contract, this may be a case of:
a. in pari delicto. b. partial illegality. c. substantive unconscionability. d. procedural unconscionability.
When researchers divide the population of interest in a study into groups and then arbitrarily choose participants from each group, they are using
A. quota sampling. B. selective surveying. C. random sampling. D. stratified sampling. E. researcher samples.