Last year Huge TV Corp had net income equaling $5 million. At the end of the year, the corporation had 4 million shares of stock outstanding. The company's earnings per share were ________
A) $1.25
B) $0.80
C) $1 million
D) $5 million
E) $20 million
A
Explanation: A) The portion of a company's profit allocated to the stockholders on a per-share basis is determined by calculating earnings per share. The general formula for earnings per share is calculated as net income/outstanding shares.
You might also like to view...
Whenever possible, effective business writers choose positive wording to communicate their messages, even in negative situations
Indicate whether the statement is true or false.
Carmela resents authority. Her reaction to authority efforts would be described as ______.
A. codependent B. counterdependent C. dependent D. interdependent
While watching TV one evening, your stomach growls. You see an ad for Jimmy John's. You walk to Jimmy John's and buy a sandwich, which tastes great. In terms of behavioral learning, walking to the sandwich shop and buying a sandwich is a ________.
A. prompt B. drive C. reinforcement D. response E. cue
Loren Company recently purchased materials from a new supplier at a very attractive price. The materials were found to be of poor quality, and the company's laborers struggled significantly as they shaped the materials into finished product.In a desperation move to make up for some of the time lost, the manufacturing supervisor brought in more-senior employees from another part of the plant.Which of the following variances would have a high probability of arising from this situation?
A. Material price variance, favorable. B. Labor efficiency variance, unfavorable. C. Material quantity variance, unfavorable. D. Labor rate variance, unfavorable. E. All of the answers are correct.