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:

Need For Affiliation

An individual's desire to build relationships and feel part of a group, important for understanding motivation and behavior in social settings.

Acquired Needs Theory

A motivational theory that suggests people's preferences and priorities in needs are developed over time based on life experiences.

Need For Achievement

A psychological trait characterized by a strong desire to accomplish difficult tasks, achieve high standards, and meet personal goals.

Over-Reward Inequity

Occurs when an individual perceives that they are receiving more rewards (pay, recognition, benefits) in comparison to others for the same amount of effort or contribution.