Carbondale Enterprises had 200,000 shares of common stock issued and outstanding at December 31 . 2013 . On July 1 . 2014, Carbondale issued a 1 . percent stock dividend. Unexercised stock options to purchase 40,000 shares of common stock (adjusted for the 2014 stock dividend) at $20 per share were outstanding at the beginning and end of 2014 . The market price of Carbondale's common stock (which
was not affected by the stock dividend) was $25 per share during 2014 . Net income for the year ended December 31 . 2014, was $1,100,000 . What should be Carbondale's 2014 diluted earnings per common share, rounded to the nearest penny?
a. $5.00
b. $5.05
c. $4.82
d. $4.23
C
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At year-end, a trial balance showed total credits exceeding total debits by $4,950. This difference could have been caused by:
A. An error in the general journal where a $4,950 increase in Accounts Payable was recorded as a decrease in Accounts Payable. B. The balance of $5,500 in the Office Equipment account being entered on the trial balance as a debit of $550. C. An error in the general journal where a $4,950 increase in Accounts Receivable was recorded as an increase in Cash. D. A net income of $4,950. E. The balance of $49,500 in Accounts Payable being entered in the trial balance as $4,950.
Which of the following would constitute as an example of negligence per se?
A. Mellissa not checking if the new pair of jeans she bought was already defective B. Stella receiving a consignment of books that were damaged during shipment C. Matt buying a refrigerator that did not meet statutory safety requirements D. Shelton hurting himself with a drill because of a faulty lever
Which of the following statements with regard to offshoring is FALSE?
a. It is a complex process. b. It can cause quality control problems. c. It offers enormous cost advantages. d. It expedites lead times.
Exemplifying the phenomenon of ________, companies like GE have committed significant resources to developing products that meet the needs of developing nations, products that deliver adequate functionality at a fraction of the cost. Interestingly, these products have subsequently found considerable success in value segments in wealthy countries as well.
A. the optimization of value-chain activity locations B. total wage costs and indirect costs C. reverse innovation D. risk reduction