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almond37 [142]
4 years ago
14

Parsley Corporation had 250,000 shares of common stock and 5,000 shares of 8%, $100 par, preferred stock outstanding on December

31, 2017. The preferred stock is cumulative, nonconvertible preferred stock. On June 1, 2018, Parsley sold 36,000 shares of common stock for cash. No cash dividends were declared for 2018. Parsley reported a net loss of $320,000 for the year ended December 31, 2018.Calculate Parsley's loss per share for the year ended December 31, 2016. (Round your answer to 2 decimal places.)
Business
1 answer:
lianna [129]4 years ago
7 0

Answer:

Explanation:

Calculation of total loss:

Net loss 320,000

Preferred dividend [5000*8%*100] 40,000

Total loss 360,000

Calculation of shares:

Common shares 250,000

Additional common stock [36,000*7/12] 21,000

Total shares 271,000

Loss per share = 360,000/271,000 = $1.328

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Answer:

$2,320

Explanation:

Calculation to determine what amount of salaries earned but unpaid at the end of the accounting period is:

Ending salaries earned but unpaid=$2,900-$580

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Therefore the amount of salaries earned but unpaid at the end of the accounting period is: $2,320

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Many consumers correlate price with quality, thinking that the higher the price, the better the quality. For these consumers, al
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Answer:

c) A heuristic

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3 years ago
The payroll department provides services for several plants in the city of yee haw junction. the payroll department's budget is
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Answer:

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= $100,000 ÷ 4,000

= $25 × 1,000

= $25,000.

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"No" would be the correct choice.

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