At the Start of the Year, Ajax Corporation Had 300,000

question 9

Multiple Choice

At the start of the year, Ajax Corporation had 300,000 shares outstanding. On May 1, 30,000 shares were issued. On September 1, another 50,000 shares were issued. Calculate the weighted average shares outstanding.

• A) 336,667
• B) 340,000
• C) 346,667
• D) 350,000
• E) 367,667

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Definitions:

Chargeout Rates

The rates that a company charges for its services, often used in professional services industries to bill clients.

Profit Margin

A financial metric used to evaluate the profitability of a business, calculated as net income divided by revenue.

Mass Service

A type of service delivery designed to manage and serve large numbers of customers efficiently, often seen in sectors like banking and fast food.

Front Office Orientation

The focus on the part of a business that engages directly with customers, including marketing, sales, and service departments.