Sperle Corporation Has Provided the Following Data Concerning Its Stockholders

question 270

Multiple Choice

Sperle Corporation has provided the following data concerning its stockholders' equity accounts:
Net income for Year 2 was $30,400. Dividends on common stock during Year 2 totaled $6,400. The market price of common stock at the end of Year 2 was $3.08 per share.
-The company's earnings per share for Year 2 is closest to:

• A) $8.18 per share
• B) $0.38 per share
• C) $0.54 per share
• D) $0.68 per share

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Definitions:

Decentralization

Decentralization refers to the process of distributing or dispersing functions, powers, people, or things away from a central location or authority.

Job Descriptions

Detailed explanations of the roles, tasks, duties, responsibilities, and scope of a particular job.

Coordination Through Standardization

The process of ensuring that organizational tasks and procedures are uniform, facilitating synchronization across different parts of an organization.

Coordinating Mechanism

Techniques and processes used to align and manage tasks, resources, and people within an organization.