Barber Industries Reported Net Sales of $92,000, Net Income of $32,000

question 27

Multiple Choice

Barber Industries reported net sales of $92,000, net income of $32,000, dividends paid to preferred stockholders of $7,000, and dividends paid to common stockholders of $10,000.The average number of shares outstanding is 5,000.What is the earnings per share?

• A)$18.40
• B)$16.40
• C)$6.40
• D)$5.00

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Definitions:

Attribution Theory

A theory focused on how people interpret events and how this relates to their thinking and behavior, specifically how they attribute causes to events and other people's actions.

External Causes

Factors outside an individual that influence events or behaviors, such as environmental conditions or actions from other people.

Internal Causes

Factors or reasons originating within an individual or entity that lead to a specific outcome or behavior.

External Factors

Elements outside an organization or individual's control that can impact their performance, decision-making, and strategies.