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Contact [7]
3 years ago
6

Mayan Company had net income of $33,580. The weighted-average common shares outstanding were 9,200. The company declared a $3,90

0 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:
Business
1 answer:
aleksandrvk [35]3 years ago
5 0

Answer:

3.23 per share

Explanation:

Given that,

Net income = $33,580

Preferred dividends = $3,900

Weighted-average common shares outstanding = 9,200

Therefore,

Earnings per share :

= (Net income - Preferred dividends) ÷ outstanding common shares

= ($33,580 - $3,900) ÷ 9,200

= 29,680 ÷ 9,200

= $3.23 per share

Hence, the company's earnings per share is $3.23 per share.

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Cerrena [4.2K]

Answer:

Organizational culture

Explanation:

Organizational culture refers to the values, beliefs and ways of interactions shared by people belonging to a particular organization. Ways people dress and their interaction varies from an organization to another. This eventually become a part of organizational culture that is followed by people throughout the organization.

An example of organizational culture is the kind of interaction between employees and client. Some follow formal chain of communication such as e-mails and fax while some follow informal means through text messages, chats and telephonic conversations.

7 0
3 years ago
The demand rate for raw material A is normally distributed with an average of 300 pints per day. The standard deviation of daily
andrew11 [14]

Answer:

the standard deviation of demand during the 4-day lead time is 30

Explanation:

the computation of the standard deviation of demand during the 4-day lead time is given below;

= Sqrt(Lead time) × Std deviation daily demand

= Sqrt(4) × 15

=2  × 15

= 30

Hence, the standard deviation of demand during the 4-day lead time is 30

4 0
3 years ago
Dry gulch farms hires elliot to repair its irrigation system on site on a certain date for $2,500, but elliot does not show up a
OLEGan [10]
The answer is "nominal damages".

Nominal damages alludes to a harm or damage grant that is issued by a court when a legitimate wrong has happened, yet where there was no real budgetary misfortune because of that lawful wrong. Regularly, when an nominal damage grant is utilized, the offended party will be granted $1 or $2. This may appear to be senseless, however nominal damages fill an essential need.
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4 years ago
Once a business owner proves that a franchise is successful, his or her franchise will automatically be renewed True or False?
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The answer is False:)
5 0
3 years ago
Read 2 more answers
a. What is the price​ (expressed as a percentage of the face​ value) of a​ one-year, zero-coupon corporate bond with a AAA​ rati
VikaD [51]

Answer and Explanation:

a. The computation of price (expressed as a percentage of the face​ value) is shown below:-

Price = Face value ÷ (1 + Yield to maturity)^Number of the compounding period

= $1,000 ÷ (1 + 0.0323)^1

= $1,000 ÷ 1.0323

= $968.71

Price expected as a percentage to a face value = Price ÷ Face value × 100

= $968.71 ÷ $1,000 × 100

= 96.87%

b. The computation of credit spread of AAA-rated corporate​ bonds is shown below:-

Credit spread = Yield of AAA-rated corporate bond - Yield of treasury bond

= 3.23% - 3.15%

= 0.08%

c. The computation of credit spread on B-rated corporate bonds is shown below:-

Credit spread = Yield of B-rated corporate bond - Yeld of treasury bond

= 4.94% - 3.15%

= 1.79%

d. The credit rating for a bond changes with its respective credit risk change. That implies the bond 's rating would be lower the lower risk, and likewise.  

The investor is demanding higher returns on risky bonds for additional risk-taking. Hence the credit spread is widening as the rating of bonds falls with an increase in the risk.

8 0
3 years ago
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