The following information pertains to Jet Corp. outstanding stock for Year 1:
Common stock, $5 par value
Shares outstanding, 1/1/01 20,000
A 2-for-1 stock split, 4/1/Year 1 20,000
Shares issued, 7/1/Year 1 10,000
Preferred stock, $10 par value,
5% cumulative Shares outstanding
1/1/Year 1 4,000
What is the number of shares Jet should use to calculate Year 1 earnings per share?
a. 40,000
b. 45,000
c. 50,000
d. 54,000

Carmen’s beauty salon has estimated monthly financing requirements for the next six months as follows: january $ 9,000 april $ 9,000 february 3,000 may 10,000 march 4,000 june 5,000 short-term financing will be utilized for the next six months. projected annual interest rates are: january 9 % april 16 % february 10 may 12 march 13 june 12 what long-term interest rate would represent a break-even point between using short-term financing and long-term financing?