Company X Has Net Sales Revenue of $780,000,cost of Goods

question 109

Multiple Choice

Company X has net sales revenue of $780,000,cost of goods sold of $343,200 and all other expenses of $327,600 for the current year.At the beginning of the year,503,000 shares of common stock were outstanding,and,at the end of the year,537,000 shares of common stock were outstanding.The basic EPS for the company is:

• A)$1.50.
• B)$0.84.
• C)$0.21.
• D)$0.87.

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Definitions:

Product Safety Standards

Regulations established to ensure that products meet minimal safety criteria to protect consumers.

Equal Credit Opportunity Act

A United States law that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction, on the basis of race, color, religion, national origin, sex, marital status, or age.

Extension Of Credit

An agreement to allow a purchaser to pay for goods or services at a future date, typically involving interest fees.

Fair Credit Reporting Act

A U.S. federal law designed to ensure the accuracy, fairness, and privacy of consumer information contained in the files of consumer reporting agencies.