A Corporation Has Net Income of $365,000 for the Current

question 9

Multiple Choice

A corporation has net income of $365,000 for the current year. It paid its required preferred dividend of $17,500 and had no other stock transactions during the year. The average number of common shares outstanding during the year was 69,500. What is the earnings per share?

• A) $5.84
• B) $5.00
• C) $4.37
• D) $1.00

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Definitions:

Leader Match

The compatibility and fit between a leader's style and the preferences or needs of their followers or organization.

Task Structure

The degree to which job assignments are organized and defined, including clear roles, goals, and procedures.

Profit Motive

is the primary incentive for businesses to operate, focusing on generating financial gain as the main objective of their activities.

Personalized Charismatics

Leaders who possess an innate charm and appeal that inspire loyalty and enthusiasm, often blending personal qualities with leadership abilities.