A Company Had the Following During the Year: Cost of Goods

question 84

Multiple Choice

A company had the following during the year: cost of goods sold = $120,000, investment income = $1,800, sales = $235,000, operating expense = $53,000, interest expense = $4,800, dividends = $8,400, tax rate = 35 percent, and 20,000 shares outstanding. What was the dividend per share?

• A) $0.37
• B) $0.53
• C) $0.42
• D) $0.47
• E) $0.39

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Definitions:

Bad Dog

A colloquial expression often used to describe a dog's undesirable behavior.

Social Learning

A theory that explains how people learn new behaviors, attitudes, and skills by observing the actions of others.

Instrumental Learning

Learning based on the consequences of behavior, often described through the law of effect, where behaviors followed by favorable outcomes are more likely to recur.

Operant Conditioning

A method of learning that employs rewards and punishments for behavior.