Salary administration programs appear to be most effective if they operate under

In 2001, Genentech had 535.3 million average common shares outstanding, actual shares outstanding at year-end of 528.3 million and reported earnings per share of $.28. Genentech's reported net income in 2001 equals

A. $149.9 million. B. $147.9 million. C. $148.9 million.

Which of the following best defines short-swing profits?

A) profits that are made by an insider by selling shares of the corporation prior to the public disclosure of unfavorable information B) profits that are made by an insider by personally purchasing shares of the corporation prior to public release of favorable information C) profits that are made by a statutory insider on trades involving equity securities of their corporation that occur within six months of each other D) profits that are made by a tippee by personally purchasing shares of the corporation prior to or post public release of favorable information