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lawyer [7]
2 years ago
10

McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common shares outstanding at January

1 and sold 36 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $47 per share. Calculate McDonnell-Myer's earnings per share for the year. (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Business
1 answer:
Nutka1998 [239]2 years ago
3 0

Answer:

the earning per share is $1.43 per share

Explanation:

The computation of the earning per share is shown below:

= Net income ÷ weighted no of shares

= $741 million ÷ (544 million shares - 36 million × 10 ÷ 12 + 6 million × 8 ÷ 12)

= $741 million ÷ (544 - 30 + 4)

= $1.43 per share

Hence, the earning per share is $1.43 per share

The same should be considered and relevant

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7 0
3 years ago
A coffee distributor needs to mix a(n) Costa Rican coffee blend that normally sells for $9.50 per pound with a Kenya coffee blen
snow_tiger [21]

Answer:

5,11 pounds of Costa Rican coffee and 64,89 pounds of Kenya coffee

Explanation:

First, we need to know the proportion of every coffee in the mix trying with different percentages until getting the result of $13,49  

 

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($9,50*7,3%)+($13,80*92,7%)=$13,49  

 

So, the percentage of Costa Rican coffee is 7,3% and Kenya coffee is 92,7%  

And we can get the pounds required to get 70 pounds  

 

70*7,3%=5,11

 

70*92,7%=64,89

   

We need 5,11 pounds of Costa Rican coffee and 64,89 pounds of Kenyan coffee to create 70 pounds of mixed coffee that can sell for $13,49 per pound  

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3 years ago
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