Downtown Development, Inc

question 96

Multiple Choice

Downtown Development, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $700,000, interest expense = $100,000, and taxes = $168,000. Downtown has no preferred stock outstanding and 50,000 shares of common stock outstanding. What are its 2018 earnings per share?

• A) $14.00
• B) $12.00
• C) $10.64
• D) $8.64

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Definitions:

Charles Derber

An American sociologist and author known for his work on social problems, corporate power, and the dynamics of capitalism.

Social Interaction

Refers to the process by which individuals act and react in relation to others, involving communication, interpretation, and behavioral response.

Impression Management

The process through which individuals attempt to influence the perceptions of other people about a person, object, or event by regulating and controlling information in social interaction.

Prescriptive Norms

Social rules that dictate what behavior is expected or appropriate within a community or society.