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Ivenika [448]
3 years ago
7

Mayan Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company has no preferred

stock. The company's earnings per share is:
Business
1 answer:
Sindrei [870]3 years ago
6 0

Answer:

The company's earnings per share is $ 4.

Explanation:

EPS earning per share is an indicator widely used by investor of stock market in order to determine market value of their investment. EPS is directlty proportional to stock price.

EPS is calculated by dividing net income with outstanding common shares.

EPS = Net income/ outstanding common shares

EPS = 34,000/8,500 = $ 4

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Read 2 more answers
Janson Corporation Co.'s trial balance included the following account balances at December 31, 2021: Accounts receivable $14,000
11111nata11111 [884]

Answer:

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Explanation:

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The computation of the total current assets is shown below:

= Accounts receivable + Inventory + Prepaid insurance + Short term investment

= $14,000 + $40,000 + $3,650 + $30,800

= $88,450

The amount of prepaid insurance which is given in the question is for two years. We have to compute for one year so we divide the total amount by number of years

= $7,300 ÷ 2 years

= $3,650

6 0
3 years ago
Jallouk Corporation has two different bonds currently outstanding. Bond M has a face value of $50,000 and matures in 20 years. T
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Answer

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The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
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