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Ymorist [56]
3 years ago
12

Mayan company had net income of $33,250. the weighted-average common shares outstanding were 9,500. the company sold 4,500 share

s before the end of the year. there were no other stock transactions. the company's earnings per share is:
Business
2 answers:
mylen [45]3 years ago
5 0

The company’s earnings per share would still be based on the common shares outstanding of 9,500. This is because the 4,500 selling transaction is not yet accounted for that last accounting period. Therefore,

Earnings per share = $33,250 / 9,500 shares

Earnings per share = $3.5 per share

Ganezh [65]3 years ago
5 0

Answer : The company's earnings per share is, 3.50

Explanation :

As we are given that:

Net income = $33,250

Share outstanding  = 9500

Earning per share = \frac{\text{Net income}}{\text{Share outstanding}}

Earning per share = \frac{33250}{9500}

Earning per share  = 3.50 per share

Thus, the company's earnings per share is, 3.50

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Read 2 more answers
Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Proces
lesya692 [45]

Answer:

Material EUP = 5000

Conversion Costs EUP = 51,200

Explanation:

Under weighted average method

Beginning Work in Process Inventory            10,000

Units Started                                                 <u>  = 40,000</u>

Units to account for                                           <u>50,000</u>

<em><u>In the Work In Process for Conversion Costs</u></em>

Beginning Work In Process (10,000*20 %)   = 2000 were complete

Work done on beginning inventory = 10,000- 2,000= 8,000

Units Started                                                   = 40,000

Add Ending Inventory (8000*40%)                 <u> 3200</u>

Units to account for =                                     <u>51,200</u>

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