On January 1, a company has 700,000 shares of issued and outstanding common stock. On March 1, the company repurchases 60,000 shares. On June 1, it effects a 2-for-1 stock split. On November 1, it issues 240,000 shares. The company has a net income for the year of $2,720,000. Required:
What is the basic earnings per share of common stock for the year (rounded to the nearest cent)?

Basic EPS = 1.8

Explanation:

March 1 outstanding shares = 700,000 - 60,000= 640,000

June 1 outstanding shares = 640,000 × 2 = 1,280,000

November 1 outstanding shares = 1,280,000  + 240,000 =1,520,000

Net income = $2,720,000.

Basic earnings per shares (EPS) =

income available to ordinary shareholders/Number of shares outstanding

=$2,720,000/1,520,000 units = 1.789

Basic EPS = 1.8

i think the answer to your question is b. directive

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.