1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Setler [38]
3 years ago
6

Mayan Company had net income of $33,480. The weighted-average common shares outstanding were 9,300. The company declared a $4,00

0 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:
Business
1 answer:
bearhunter [10]3 years ago
7 0

 Answer:

EPS = $3.17

Explanation:

<em>Earnings per share(EPS) is the total earnings attributable to ordinary shareholders divided by the number of units of common stock. </em>

EPS= Earnings attributable to ordinary shareholders/number of ordinary shares

Earnings attributable to ordinary shareholders= Net income after tax - preference dividend  

Earnings attributable to ordinary shareholders = net income - preference divi dend

Earnings = 33,480 - 4000 = 29,480

EPS = 29,480/9,300 =3.169

EPS = $3.17

You might be interested in
What is the IRR for a project that costs $100,000 and provides annual cash inflows of $30,000 for 6 years starting one year from
ahrayia [7]

Answer:

A) 19.91%

Explanation:

Net present value of cash flow at 19.91% can be calculated as follows

- 100000 + 30000/1.1991 + 30000/ (1.1991)² + 30000/(1.1991)³ + 30000/ (1.1991)⁴ +30000/(1.1991)⁵ + 30000/ (1.1991)⁶

= -100000 + 25018 +20864 +17400 +14511 +12101 +10092

= 0 ( approx )

So  the IRR for the  project is 19.91 % .

8 0
3 years ago
Cagney and Lacey enter into a written contract to open "Tried and True," a store specializing in used guns recovered from murder
emmasim [6.3K]

Answer:

3. No, due to unilateral mistake

Explanation:

Lacey and Cagney both had agreed to wok for 30 hours per week and the agreement is in written format since it is enforceable. Both of them are sharing 50% profits so both will have to share the duties equally. When Lacey makes an excuse and is working for 20 hours per week only Cagney can sues her and she is in a probability to win against her. Lacey should have informed Cagney about the vacation from school scenario before signing the contract.

6 0
3 years ago
The Sisyphean Company's common stock is currently trading for $25.00 per share. The stock is expected to pay a $2.50 dividend at
nalin [4]

Answer:

4%

Explanation:

The Gordon constant growth dividend model =

Value = dividend / cost of capital - growth rate

Subsisting with the values given in the question gives :

25 = 2.5/0.14 - g

To solve for g,

1. multiply both sides by 0.14 - g

25(0.14 -g) = 2.5

2. divide both sides by 25

0.14 - g = 0.10

g = 0.04 = 4%

6 0
3 years ago
Data​ _______ refers to the​ collection, storage,​ retrieval, and management of data in an​ organization's electronic files.
Mademuasel [1]
<span>This is called data warehousing. This is a core element of business intelligence. Data warehouses store both the current and historical data in one place. The data warehouses can be used to create analytical reports for knowledge workers throughout the enterprise.</span>
4 0
2 years ago
Sales of hot dogs at the corner of 24th and Lex. follow the following patterns: 40% of the days, 80 are sold; 50% of the days, 9
Korvikt [17]

Answer: 90%

Explanation:

Cycle Service Level refers to the expected probability by which a manufacturer meets the demand for a particular product and is not being stockout.

In this case,

40% of the days, 80 are sold;

50% of the days, 90 are sold

10% of the days; 100 are sold.

Since the vendor plans to stock 90 each day, then the vendor will meet demand during 40% of the days, when 80 are sold; and during 50% of the days, when 90 are sold.

Therefore, the expected CSL is the vendor targeting will be:

= 40% + 50%

= 90%

5 0
2 years ago
Other questions:
  • Union Local School District has a bond outstanding with a coupon rate of 2.8 percent paid semiannually and 16 years to maturity.
    12·1 answer
  • You have just signed a contract to purchase your dream house. The price is $140,000 and you have applied for a $110,000, 30-year
    6·1 answer
  • A sporting goods store purchased $10,150 worth of ski boots in October. The store had $4,350 of ski boots in inventory at the be
    9·1 answer
  • An investor wishes to save for her retirement. She arranges to have $250 per month withdrawn from her account to be invested int
    15·1 answer
  • Minter is a small software technology firm. To create equal opportunities in the workplace, the management of Minter wants to hi
    10·1 answer
  • Senay is considering attending a movie with a ticket price of $35. She estimates that the cost of driving to the movie and parki
    10·1 answer
  • Instances where' silence is golden ' is applicable
    5·1 answer
  • Predetermined Overhead Rate, Overhead Variances, Journal Entries Craig Company uses a predetermined overhead rate to assign over
    8·1 answer
  • Burning one gallon of gasoline in a car releases approximately 20 pounds of CO2 into the atmosphere. One average person drives 6
    5·1 answer
  • Do you think the Slushiest From the movie home is copyrighted by the Back to the future delorian. And doesnt the tesla cybertruc
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!