Managers should be aware of which of the following to be most effective Quizlet
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finance On December 31, 2015, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and$75,000 to common and preferred shareholders, respectively, on December 15, 2016. On February 28, 2016, Dow sold 60,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow’s net income for the year ended December 31, 2016, was $2,100,000. The income tax rate is 40%. Required: Compute Dow’s earnings per share for the year ended December 31, 2016. Verified answer Recommended textbook solutions
Other Quizlet setsWhich of the following best describes the controlling function identified by Henri Fayol? B.Activities must be accomplished in a predetermined order—planning, organizing, leading, and controlling, with controlling always occurring last in the process. C.When managers control, they determine what tasks are to be done, who is to do them, how the tasks are to be grouped, who reports to whom, and where decisions are to be made. D.To ensure goals are met and work is completed as it should be, managers monitor and evaluate performance. Actual performance is compared with the set goals. E.A manager's job is to work with and through people to accomplish goals. This is known as the control function. |
