On January 1, 2014, Samuel Company Had 21,000 Shares of Common

question 72

Multiple Choice

On January 1, 2014, Samuel Company had 21,000 shares of common stock outstanding and issued an additional 4,500 shares on May 1. The company declared and paid a cash dividend of $45,000 and earned $375,000 net income. The earnings per share for the year was

• A) $15.63
• B) $13.75
• C) $17.86
• D) $12.50

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Definitions:

Continuous Random Variable

A variable that can take on an infinite number of values in a continuum.

Exam

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Red Shaded Region

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Continuous Random Variables

Continuous random variables are quantities that can assume an infinite number of values within a given range, often corresponding to measurements.