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lawyer [7]
3 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]3 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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"The rule of 70" refers to a significant relationship between the percentage growth rate and its doubling time:Simply divide the number 70 by the percentage growth rate to estimate the doubling time for a constant growing quantity.

How is the time it takes for a nation's population to double?

To sort out what amount of time it would require for a populace to twofold at a solitary pace of development, we can utilize a straightforward recipe known as the Standard of 70.Simply divide 70 by the annual growth rate to determine the doubling time in years.

The number of years required for a nation's economy to double in size is equal to 70 divided by the percent growth rate. For instance, if an economy expands by 1% annually, it will take 70 / 1 = 70 years for the economy to double in size.

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1 year ago
The vital function of _____ involves transforming data into useful information for decision makers.
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The answer is : information technology department

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4 0
4 years ago
For the current year, Hodges Department Store reported the following data:
Ostrovityanka [42]

Using the lower-of-cost-or-market rule, what is the cost of goods sold for Hodges is: C. $989,020.

<h3>Cost of good sold</h3>

Using this formula

Cost of goods sold=Goods available for sale-Inventory balance

Where:

Goods available for sale=$1,074,450

Inventory balance=$85,430

Let plug in the formula

Cost of good sold=$1,074,450-$85,430

Cost of good sold=$989,020

Inconclusion Using the lower-of-cost-or-market rule, what is the cost of goods sold for Hodges is: C. $989,020.

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5 0
2 years ago
Suppose General Electric paid its line workers $12 per hour in 2015 when the Consumer Price Index was 100. Suppose that deflatio
Elena-2011 [213]

Answer:

(a) N = 10.08

(b) N = 10.89

(c) 19.05

Explanation:

(a)

Real\ wage=\frac{Nominal\ wage}{CPI\ in\ the\ given\ year}\times CPI\ in\ the\ base\ year

12=\frac{N}{84}\times 100

N = 10.08

(b)

Real\ wage=\frac{Nominal\ wage}{CPI\ in\ the\ given\ year}\times CPI\ in\ the\ base\ year

12\times1.08=\frac{N}{84}\times 100

N = 10.89

One thing to observe here is that percentage increase in the real wage is always equal to the percentage increase in nominal wage. Same can be verified with different values.

(c) It's given that the real wage is kept at $ 12 which was the same in the last year as well.

So % increase would be zero.

However, if that $ 12 is considered as a Nominal wage in the current year,then,

Percentage increase=\frac{12-10.08}{10.08}\times100

=\frac{192}{10.08}

= 19.05

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A fully global organization might set up a ________ with a foreign company to create a new, independent company that produces a
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