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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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Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports th
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Answer:

The income statement, statement of stockholders' equity, and balance sheet for Longhorn Corporation is given below.

<u><em>The income statement</em></u>

Sales Revenue                   $ 67,700

COGS                                 ($ 53,400)

Delivery expenses              ($ 2,600)

Salary expenses                 ($ 5,500)

Net profit                             $ 6,200

<u><em></em></u>

<u><em>Balance Sheet</em></u>

Asset

Cash                                  $ 1,200

Equipment                        $ 29,000

Building                             $ 40,000

Supplies                             $ 3,400

Total Assets                      $ 73,600

Equity

Common Stock                $ 44,000

Retain earning                  $ 24,400

(18,200 + 6,200)

Liability

Account Payable              $ 4,400

Salaries payable                $ 8,00

Total Liabilities                 $ 73,600

<u><em>Statement of Stockholders</em></u>

Opening common Stock           $ 40,000

Addition                                       $  4,000

Closing common Stock              $  44,000

Retain earning Opening            $ 18,200

Net profit                                     $ 6,200

Retain profit Closing                   $ 24,400

Total Equity                                 $ 68,400

4 0
3 years ago
Harold receives a life annuity from his qualified pension that pays him $5,000 remainder of his cost of the annuity. Which of th
arlik [135]

Answer:

The correct option for Harold to do after he has received the cost of the annuity is to include the entire amount of each annuity payment in gross income

Explanation:

As the cost of the annuity has been received by  Harold and whatever he is receiving afterwards is the income. Thus he will include the complete value in the gross income and the taxes will be calculated accordingly.

4 0
3 years ago
Electricity is caused by the flow or net movement of
Mazyrski [523]
I think the answer is electrons but I am not positive, sorry if it's wrong, but i hope this helps :)
5 0
3 years ago
When pitch was considering bringing the king back or not, it likely considered the communication model. Product awareness of the
algol [13]

When the pitch was considering bringing the king back or not, it likely considered the communication model. Product awareness of the king would fall into the B.<u>message</u> stage of the communication model.

Watching the news on the tv is the best instance of Berlo's S-M-C-R version of the conversation. The news presenter is the supply of the information and he or she conveys the message to the audience. The information is the message, the television — the channel, and the target audience are the receivers of the message.

A few of the models of verbal exchange are the transactional method, in which moves show up concurrently, and the constructivist version, which makes a specialty of shared meaning.

In the simple verbal exchange model, the sender encodes the message and transmits the message via communication channels like verbal (face-to-face, over the phone, video calls) and nonverbal (newspapers, letters) for sending the message.

The question is incomplete. Please read below to find the missing content.

When Pitch was considering bringing The King back or​ not, it likely considered the communication model. Product awareness of The King would fall into the​ _________ stage of the communication model.

A.source

B.message

C.medium

D.feedback

E.receiver

Learn more about the communication here: brainly.com/question/26152499

#SPJ4

6 0
2 years ago
Explain why the supermarket industry is an oligopoly
Misha Larkins [42]

Answer and explanation:

An oligopoly is when the market is controlled by a small group of two or more companies. Oligopoly firms may consent to market collusion, and build obstacles to new trade entry. If the businesses do not, they will be forced to lower their prices and open the markets to new and smaller firms.

<em>Supermarkets are oligopolies because in every market there are a few companies offering the same products just like them with small differentiation between one and another, providing those goods to relatively similar prices. </em>

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