1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Roland has developed and patented an inexpensive and organic way to enhance the fertility of clay soils without the addition of
igor_vitrenko [27]

Answer:

Answer is option b, i.e. Passion for his invention.

Explanation:

Roland has almost all the qualities of a successful entrepreneur which includes an innovative mindset, ability to identify new opportunities, but he lacks in being passionate about what he desires to achieve. To start something new and follow one's dream one has to be passionate enough to be consistent and patient. Passion without patience is merely a dream which cannot be realized in true form. Hence, instead of quitting on what Roland had started, he should have searched for some more ideas to influence various agriculture companies.

3 0
4 years ago
Department stores are most likely characterized by ________. Group of answer choices wide varieties of product lines predatory p
AURORKA [14]

Answer:

brands specialty

Explanation:

4 0
3 years ago
Revenues and expenses are transferred to the​ ________ account before their final transfer into the retained earnings account.
slamgirl [31]
<span>D is the correct answer. Income summary is a sort of "catch-all" account that holds both revenues and expenses before recording them as retained earnings. These will then be rectified at the end of the manual accounting period. If there is a net profit or loss for the business, it will be reflected during the accounting period in the income summary.</span>
6 0
3 years ago
PMI members have determined that ________ are the values that drive ethical conduct for the project management profession. hones
AlexFokin [52]

Answer:

honesty, responsibility, respect and fairness.

Explanation:

Project management can be defined as a strategic process which typically involves planning, execution and completion of a project at a specific period of time, through the use of knowledge, skills and experience.

In project management, an important factor that plays a significant role in the daily behavior and interaction between all project managers and their client is ethics.

Hence, project Management Institute (PMI) members have determined that honesty, responsibility, respect and fairness are the values that drive ethical conduct for the project management profession.

<em>Generally, all parties such as clients, employees, taxpayers, stakeholders and vendors have rest of mind as a result of the code of ethics (honesty, responsibility, respect and fairness) that are binding on project management professionals</em>.

8 0
3 years ago
The Gomez Trust is required to distribute $80,000 annually, split equally between its two income beneficiaries, Lara and Byron.
Maru [420]

Answer:

A.$30,000

B.$30,000

C.First-tier of $30,000 to both beneficiarie

Explanation:

Gomez Trust

a. (1/2×DNI $60,000)

=$30,000

b.$30,000

c.First-tier of $30,000 to both beneficiarie in which First-tier distributions can be said to be those distributions which are often composed of trust accounting income that is required to be distributed currently.

Hence there are no second-tier distributions because the tier system only accounts for the annual DNI amounts, and all of the $60,000 DNI are been distributed on the first tier.

6 0
4 years ago
Other questions:
  • How many hours a week can a surgeon work in Australia??​
    15·2 answers
  • Which behaviors might lead someone to have a low credit score?
    8·2 answers
  • A customer touch point for abacus airlines would be an item such as ________. a mechanic's ability to service the airplanes the
    12·1 answer
  • _____is the function of coordinating the diverse activities and human resources of a company to produce a smooth-running operati
    7·1 answer
  • (Table: Cherry Farm) Use Table: Cherry Farm. If Hank and Helen have one of 100 farms in the perfectly competitive cherry industr
    15·1 answer
  • Which of the following statements is false?
    11·1 answer
  • On March 31, Dower Publishing discounted a $30,000 note at a local bank. The note was dated February 28 and required the payment
    9·1 answer
  • Dewey, Cheatum, and Howe is a car company that makes four models, a hybrid sport utility, a sports car, a four-door sedan, and a
    10·2 answers
  • Joan Wilder receives a phone call from a salesman who tries to sell her an insurance policy by scaring her about her high risk o
    15·1 answer
  • An agent is aggrieved by an action of the administrator summarily suspending that person's registration. the agent can:
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!