For Last Year, Casper Corporation Reported Net Income of $625,000

question 32

Multiple Choice

For last year, Casper Corporation reported net income of $625,000, and paid $175,000 in dividends for the 300,000 preferred shares issued.The weighted average of common shares was 1,000,000 shares.Roxy's basic earnings per share was

• A)$0.63.
• B)$0.33.
• C)$0.45.
• D)$0.15.

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Definitions:

Introverted

A personality trait characterized by a preference for solitary activities and environments, where energy is derived from internal rather than external sources.

Extroverted

A personality trait characterized by sociability, talkativeness, assertiveness, and high levels of emotional expressiveness.

Tchebysheff's Theorem

A statistical theorem stating that for any distribution, a minimum proportion of observations lies within any given number of standard deviations from the mean.

Standard Deviations

A measure of the dispersion or variation in a distribution, indicating how spread out the values are from the mean.