Perlman Company Had 100,000 Shares of Common Stock and 20,000

question 135

Multiple Choice

Perlman Company had 100,000 shares of common stock and 20,000 shares of preferred stock at the end of the year just completed.Preferred shareholders received dividends totalling $140,000.Common shareholders received dividends totalling $210,000.If the dividend payout ratio for the year was 70%,then the net income for the year was:

• A) $147,000.
• B) $287,000.
• C) $300,000.
• D) $440,000.

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Definitions:

Implementation Intentions

Strategies formed by individuals to associate specific situational cues with goal-directed behaviors, thereby enhancing the likelihood of achieving their goals.

Reciprocal Determinism

A social cognitive theory concept suggesting that a person's behavior, personal factors, and the environment continuously interact with and influence each other.

Stage Theories

Theoretical perspectives in psychology that describe human development and behavior as occurring in distinct stages, each building upon the last.

Continuum Theories

Models that describe phenomena as existing on a dynamic scale rather than being divided into discrete categories.