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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

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Answer: Negligence of duties

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As a board member it's one of his primary duty to keep abreast of the firm performance. Not been aware for a year on the excuse of not been informed and not seeking to find out personally shows a negligence of duties.

7 0
3 years ago
What does it mean to do time analysis which is one of the principles referred to ?
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Kim Jordan says that she believes that "to whom much is given, much is expected." This statement speaks of her personal convicti
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Instrumental values.

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6 0
3 years ago
The video mentions how firms compete on price point, store design, and the product itself. These are all elements of a firmâs:__
vladimir2022 [97]

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Explanation:

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8 0
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Answer:

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8 0
3 years ago
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