Which of the following is not characteristic of a TPS employee?
A) knowledgeable
B) strict job classifications
C) know more about their job than anyone else
D) empowered
E) All of the above characterize a TPS employee.
B
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Answer the following statement true (T) or false (F)
Refer to the income statement above. Assuming that Luther has no convertible bonds outstanding, then for the year ending December 31, 2006 Luther's diluted earnings per share are closest to ________
Luther Corporation Consolidated Income Statement Year ended December 31 (in $millions) 2006 2005 Total sales 610.1 578.3 Cost of sales -500.2 -481.9 Gross profit 109.9 96.4 Selling, general, and administrative expenses -40.5 -39.0 Research and development -24.6 -22.8 Depreciation and amortization -3.6 -3.3 Operating income 41.2 31.3 Other income -- -- Earnings before interest and taxes (EBIT) 41.2 31.3 Interest income (expense) -25.1 -15.8 Pretax income 16.1 15.5 Taxes -5.5 -5.3 Net income 10.6 10.2 Price per share $16 $15 Sharing outstanding (millions) 10.0 8.1 Stock options outstanding (millions) 0.3 0.2 Stockholders' Equity 126.6 63.6 Total Liabilities and Stockholders' Equity 533.1 386.7 A) $1.03 B) $0.51 C) $0.82 D) $1.23
Using the information below, calculate gross profit for the period:
A) $774,000.
B) $769,000.
C) $530,000.
D) $535,000.
E) $448,000.