On December 31, 2012, Rippey Corporation reported total revenue of $3,750,000 and total expenses of $2,125,000. Rippey had 50,000 shares of stocks outstanding. Also, as of January 1, 2012, Rippey had issued stock options that allowed employees to receive 15,000 shares of stock for free at a time of their choosing in the future. As of December 31, none of these stock options had been exercised.
Definitions:
Assembly Line
A manufacturing process in which parts are added to a product in a sequential manner to create a finished product more efficiently.
Laborious Method
A method or process that requires a significant amount of effort and hard work.
Cognitive Aptitude
A measure of an individual's ability to learn, adapt, solve problems, and understand concepts.
Emotional Intelligence
The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.
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