Traxx Corporation Reports Net Income for 2014 of $460,000

question 56

Multiple Choice

Traxx Corporation reports net income for 2014 of $460,000. Traxx Corporation had 10,000 shares of $10 preferred shares outstanding for all of 2014. Traxx Corporation also had 50,000 common shares issued at $10 outstanding for all of 2014. Earnings per share is:

• A) $6.00
• B) $6.67
• C) $7.20
• D) $8.00

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Definitions:

Large Data Sets

Large Data Sets refer to collections of data that are so voluminous and complex that traditional data processing application software is inadequate to deal with them.

Thin Clients

A type of computer that relies heavily on another computer (a server) to perform most of its processing tasks, allowing for a more cost-effective computing solution.

Fat Clients

Computing devices in client-server architecture that perform bulk of data processing operations themselves, rather than rely on a server.

Network Fails

Refers to instances when a network encounters errors or problems that prevent it from functioning correctly.