Mangey Corp

question 10

Essay

Mangey Corp. had the following activity related to its common shares for the year ending December 31, 2020. In addition, the company issued 3,000, $ 2, cumulative preferred shares for $ 300,000, however,
dividends were not declared during 2020.
Instructions
a) Calculate the weighted average number of shares.
b) Calculate basic EPS.
c) Calculate full diluted EPS.

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Definitions:

Bad Debts

Money owed to a company that is unlikely to be paid by the debtor, often resulting in a write-off for the company.

Just-In-Time

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs.

Inventory Systems

are methodologies and procedures used by businesses to track, manage, and plan for current and future inventory and stock levels.

Working Capital Accounts

Accounts related to the short-term financial operations of a business, such as cash, inventory, and accounts payable and receivable.