ACCOUNTING PRINCIPLES 222 5/16 >C<
ACCOUNTING PRINCIPLES 222 5/16 >C<
2nd Edition
ISBN: 9781323461525
Author: Horngren
Publisher: PEARSON C
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Chapter 17, Problem E17.26E
To determine

Concept Introduction

Earnings per Share: Earnings per Share (EPS) is a financial profitability ratio that measures the amount of net income available to common stockholders earned on one share. It is calculated by dividing net income available to common stockholders by the average (or weighted average) number of shares outstanding during a period.

To Compute:

Falconi’s earnings per share for 2016, starting with income from continuing operations.

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Financial Accounting
During its first year, Pine Corp. reported a $22 per-unit profit under absorption costing but would have reported $20,000 less profit under variable costing. Suppose production exceeded sales by 600 units, and an average contribution margin of 65% was maintained. a) What is the fixed cost per unit? b) What is the sales price per unit? c) What is the variable cost per unit? d) What is the unit sales volume if total profit under absorption costing was $220,000?
Variable costs as a percentage of sales for Orchard Co. are 75%, current sales are $800,000, and fixed costs are $140,000. What is the number of sales required to achieve a $70,000 net income?

Chapter 17 Solutions

ACCOUNTING PRINCIPLES 222 5/16 >C<

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