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________ Serves as a Guide to the Future, Laying Out

question 82

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________ serves as a guide to the future, laying out how a company's products and services, processes, and policies must evolve and what new technologies must be developed to get there.


Definitions:

Preferred Dividends

Preferred dividends are payments made to holders of preferred shares in a company, typically at a fixed rate, and have priority over common stock dividends in terms of distribution.

Earnings per Share

A company's profit divided by its number of common outstanding shares.

Weighted-average Shares

A calculation used in financial reporting that adjusts the number of outstanding shares for their time outstanding during the calculation period.

Retained Earnings

Earnings accumulated by a company thus far, after subtracting any dividends or distributions made to shareholders.

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