Dividing the net income for the year by the average number of common shares outstanding during the year (if only common stock is outstanding) is the calculation for the
a. return on stockholders' equity.
b. return on assets.
c. earnings per share.
d. book value per share.
c
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Which of the following statements holds true for an everyday low-pricing (EDLP) strategy?
A. Slow-selling merchandise can be sold by discounting the price. B. The use of EDLP increases the need for advertising. C. Customers need to wait for items to go on sale. D. It allows retailers to charge higher prices to customers who are not price sensitive. E. EDLP retailers do not have to incur the labor costs of changing price tags.
Assume that a salesperson has asked a prospect to buy three cases of Easter candy and the prospect responds with a stalling objection. The salesperson should then:
A. present the benefits of purchasing now. B. agree and leave. C. use a trial close. D. close again and test the reaction. E. restart the presentation.
All of the following are components of express contracts except:
a. the terms are stated in writing and often in great detail. b. the terms and conditions of the contract must be inferred from the contracting parties' behavior toward one another. c. the terms of the contract are explicitly stated. d. the judge and/ or the jury is asked only to interpret the terms according to their plain meaning.
The present value of an ordinary annuity of $350 each year for five years, assuming an opportunity cost of 4 percent, is ________
A) $288 B) $1,896 C) $1,750 D) $1,558