Peak Performance Sporting Goods Company Has Reported Net Income After

question 130

Multiple Choice

Peak Performance Sporting Goods Company has reported net income after taxes = $3,750,000, with 18,250,000 shares outstanding. Basic Earning per Share for Peak Performance =

• A) approximately $.21/share.
• B) approximately $20.50/share.
• C) approximately $4.87/share.
• D) approximately - $2.00/share.

---

Definitions:

Break-even

The point at which total costs and total revenues are equal, meaning that there is no net loss or gain.

Unit Sales

The quantity of product units sold by a business during a specific period, often used to gauge performance.

Selling Price

The amount a buyer pays to acquire a product or service, potentially including discounts, allowances, and added taxes.

Fixed Expense

Costs that do not change with the level of production or business activity, such as rent or salaries.