Carter Industries Had Net Income of $250 000 for the Year

question 256

Short Answer

Carter Industries had net income of $250 000 for the year. They had 50 000 shares of preferred stock and 200 000 shares of common stock outstanding. What is earnings per share?

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Definitions:

Alternative-Choice

A technique in decision making or sales that narrows options to two possibilities, pushing for a commitment.

Flexible Goggles

Eyewear designed with adaptable and bendable materials, commonly used for protective purposes in sports or industrial settings.

Assumptive Close

A closing technique where the salesperson assumes that the prospect has already decided to buy and moves forward with the next steps as if the decision has been made.

Prospect

A potential customer or client who has shown interest in a company's product or service.