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NEW QUESTION: 1
On January 1, 2000 the Meery Lunch Co. had 509,000 shares of common stock outstanding. During
2 000 it had the following transactions that affected the common stock account.
February 1 Issued 133,000 shares
*
March 1 Issued 10% stock dividend
*
May 1 Acquired 114,000 shares of treasury stock
*
June 1 Issued a 3-1 stock split
*
October 1 Reissued 79,000 shares of treasury stock
*
Determine the weighted average number of shares outstanding as of December 31, 2000 and then assume that Meery Lunch Co earned net income of 3,456,000 during 2000. In addition it had 111,000 shares of 9%, $100 par non convertible, noncumulative preferred stock outstanding for the entire year.
Because of liquidity considerations however the company did not declare and pay any dividends in 2000.
Compute earnings per share for the year 2000.
A. 2.27
B. 1.87
C. 2.96
Answer: B
Explanation:
Jan 1 - Feb 1: 509,000 * 1.1 * 3 * 1/12 = 139,975 Feb 1 - May 1: (509,000 + 133,000) * 1.1 * 3
* 3/12 = 529,650 May 1 - Oct 1: (642,000 * 1.1 * 3 - 114,000 * 3) * 5/12 = 740,250 (1,679,700 + 79,000) * 3
/ 12 = 439,675 Total: 1,849,550 EPS= Net Income/ Weighted average shares = 3,456,000 / 1,849,550 =
1 .87

NEW QUESTION: 2
Universal Containers is deploying Field Service Lightning in Europe, where pricing varies by country.
What Price Book structure is recommended?
A. Utilize a custom Price Book with pricing rules applied.
B. Utilize a standard Price Book specific to each country.
C. Utilize the standard Price Book with pricing rules applied.
D. Utilize a custom Price Book specific to each country.
Answer: D

NEW QUESTION: 3
A Process Data Mapping activity that is configured to be performed on behalf of the Workflow Supervisor assigns a value to an attribute of a package in a workflow. The activity fails to execute, and the resulting error implies the user has insufficient permissions to execute the required action. According to EMC best practices, how should this issue be resolved?
A. Modify the Access Control List that has been applied to the package, granting the user who started the workflow Write permit.
B. Update the permissions of the user who started the workflow to grant them Superuser privilege.
C. Set the Performer of the activity to be another user who should have permission to update the package.
D. Set the Performer of the activity to be the Repository Owner.
Answer: D

NEW QUESTION: 4
Your source material requires the following:
One applicant may own multiple businesses. Each business may have any number of sales leaders, with each of those sales leaders only working for one business and each having their gross sales recorded.
Which two statements are true?
A. It is possible to determine the highest gross sales.
B. As with all entities, the policy model will require the creation of at least one sales leader.
C. The relationship to the entity containing the sales leaders should be named "the applicant's sales leaders".
D. The policy model should contain an entity named "the business" in a many-to-one relationship with the applicant.
E. The entity representing the business should have a many-to-many relationship with another entity representing its sales leaders.
Answer: B,D