Mayan Company Had Net Income of $132,000

question 173

Multiple Choice

Mayan Company had net income of $132,000.The weighted-average common shares outstanding were 80,000.The company declared a $27,000 dividend on its noncumulative,nonparticipating preferred stock.There were no other stock transactions.The company's earnings per share is:

• A)$1.65.
• B)$1.99.
• C)$1.31.
• D)$0.34.
• E)$4.89.

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Definitions:

B2C

Business-to-Consumer, a sales model in which products or services are sold directly from a company to the end consumer.

C2B

C2B, or Consumer-to-Business, refers to transactions where individuals offer products or services to businesses, reversing the traditional business-to-consumer model.

B2B

Business-to-Business, a model that involves transactions between businesses, such as between a manufacturer and a wholesaler, or a wholesaler and a retailer.

C2C

Customer to Customer, a business model where customers trade with each other, typically facilitated by a third-party platform.