A Company Has Net Income of $2,800,000

question 155

Multiple Choice

A company has net income of $2,800,000.It also has 400,000 weighted-average common shares outstanding and a price-earnings ratio of 20.What is the market value per share of this company's stock?

• A)$2.85
• B)$140
• C)$20,000
• D)$.35
• E)$2,857.14

Understand the contractual liability implications for disclosed, partially disclosed, and undisclosed principals.

Identify the rules regarding the delegation of authority by an agent.

Comprehend the effect of the principal's death on the agent's authority as per the Third Restatement.

Understand the requirements for giving actual notice to terminate an agent's authority.

---

Definitions:

Sociocultural Approach

The view that social and cultural factors may be just as powerful as evolutionary and physiological factors in affecting behavior and mental processing and that these factors must be understood when interpreting the behavior of others.

Systems Theory

An interdisciplinary study of systems in general, with the aim of elucidating principles that can be applied to all types of systems at all nesting levels in all fields of research.

Neuroscience

The scientific study of the nervous system, aimed at understanding the biological basis of behavior, thought, and emotion.

Eclectic

Deriving ideas, style, or taste from a broad and diverse range of sources, often resulting in a unique and comprehensive approach.