At December 31,2014 and 2013,Rollins Corp

question 57

Multiple Choice

At December 31,2014 and 2013,Rollins Corp.had 200,000 shares of common stock and 20,000 shares of 5 percent,$100 par value cumulative preferred stock outstanding.No dividends were declared on either the preferred or common stock in 2013 or 2014.Net income for 2014 was $1,000,000.For 2014,basic earnings per common share amounted to

• A) $5.00.
• B) $4.75.
• C) $4.50.
• D) $4.00.

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Definitions:

Immigration

The action of coming to live permanently in a foreign country.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity demanded by consumers at those prices.

Consumer Income

Refers to the total earnings received by consumers, including wages, salaries, benefits, and any other income sources, influencing their purchasing power and spending behaviors.

Price Increase

A situation where the cost of goods or services rises over a period of time.