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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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Natasha_Volkova [10]

Answer: c. 78,000 equivalent units.

Explanation:

Equivalent units for conversion is calculated as:

= Units completed and transferred out + Equivalent ending work in process

Units completed and transferred out:

= Units started into production - Ending units

= 90,000 - 20,000

= 70,000 units

Equivalent ending work in process = 40% * 20,000 work in process units

= 8,000 units

Equivalent units for conversion = 70,000 + 8,000

= 78,000 units

7 0
3 years ago
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Answer:

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3 years ago
Trade Associations provide all of the following except
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Wrigley introduced a new flavor of Orbit brand sugar-free chewing gum, mint mojito, and its introductory price was low so that i
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In this example, Wrigley used the Penetration pricing.

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Read more about this here

<em>brainly.com/question/3521758</em>

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