Platinum Company Reports Net Income of $520,000 for 2009 and Declared

question 108

Multiple Choice

Platinum Company reports net income of $520,000 for 2009 and declared a cash dividend of $1 per share on each of its 100,000 shares of common stock outstanding. What are earnings per share for 2009?

• A) $5.20 per share.
• B) $1.00 per share.
• C) $1.20 per share.
• D) $4.80 per share.

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Definitions:

Additional Calls

refer to follow-up or subsequent sales calls made after an initial contact, often to further persuade or finalize a deal.

Total Cost

The complete cost of acquisition, ownership, and operation of a product or service over its useful life.

Demand Equals Supply

An economic condition where the quantity of a product or service demanded by consumers is equal to the quantity supplied by producers.

Partnering/Consultative Selling

A sales approach that focuses on building a long-term relationship with the customer, where the seller acts as an advisor or partner rather than merely a vendor.