Shamrock Company Had Net Income of $30,000

question 104

Multiple Choice

Shamrock Company had net income of $30,000.On January 1,there were 8,000 shares of common stock outstanding.On April 1,the company issued an additional 2,000 shares of common stock.The company declared a $2,700 dividend on its noncumulative,nonparticipating preferred stock.There were no other stock transactions.The company has an earnings per share of:

• A)$2.87
• B)$2.73
• C)$3.41
• D)$3.16
• E)$3.75

Understand how learning-by-doing leads to economies of scale.

Recognize the implications of wage rate changes on cost curves.

Grasp long-run cost behaviors, distinguishing between variable, fixed, and total costs.

Understand the historical significance and impact of the Interstate Commerce Commission.

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Definitions:

Suprachiasmatic Nucleus

A region in the brain located in the hypothalamus, responsible for regulating circadian rhythms through its control over sleep-wake cycles.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, relatively inhibited sensory activity, reduced muscle activity, and inhibition of nearly all voluntary muscles during rapid eye movement (REM) stages.

Light

A form of electromagnetic radiation visible to the human eye, responsible for the sense of sight.

Waking Consciousness

A state of consciousness during which an individual is alert and aware of their thoughts, feelings, and perceptions from the external world.