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3 years ago

20 POINTS! Accounting Help!!! <3

Business

1 answer:

hichkok12 [17]3 years ago

3 0

I believe the correct answer is B. Corporations. I am sorry if I am mistaken

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On December 31, 2017, Ainsworth, Inc., had 720 million shares of common stock outstanding. Thirty one million shares of 7%, $100

Oksana_A [137]

Answer:

Reported net loss $ (195)

Add: Cumulative preference dividend (31*$100*7%) $ (217)

Total loss $ (412)

Calculation of weighted average number of shares

Common stock outstanding on 12/31/17 (720*105%) 756.00

Treasury stock (-30*105%*8/12) (21.00)

Issuance (12*4/12) 4.00

Weighted average number of shares 739.00

Numerator / Denominator = Net loss per share

$ (412) / 739.00 = $ (0.56)

Calculation of Net Income

Reported net loss $ (195)

Add : loss from discontinuing operation $ 510

Income from continuing operation $ 315

Cumulative preference dividend $ (217)

Net Income $ 98

Numerator / Denominator = Net loss per share

$ 98 / 739.00 = $ 0.13

Comparative income statement 2018 2017

Earning(Loss) per common share:

Income from $ 0.13 $0.71 ($540/(720*105%))

continuing operation = $ 0.71

Loss from discontinued $ (0.69)

operation

Net Income (Loss) $ (0.56) $ 0.71

4 0

3 years ago

Im 19 year old and i am a driver can i carry passengers in my car. I live in California

Viefleur [7K]

Yes you can. The hand book says a minor and minors are under 18. I hope I helped you.

5 0

3 years ago

Tache Corporation uses the weighted-average method in its process costing system. The first processing department, the Welding D

leonid [27]

Answer: c. $1.994

Explanation:

Cost per Equivalent Unit of Production (EUP) for Conversion = Total Conversion costs/ EUP

Total Conversion cost

= Conversion cost for beginning work in process inventory + Conversion cost incurred in the month

= 7,840 + 203,300

= $211,140

EUP = Units completed + Percentage of ending Units completed with regards to conversion

= 92,900 + (90% * 14,450)

= 105,905 units

Cost per Equivalent Unit of Production (EUP) for Conversion = 211,140 / 105,905

= $1.9936

= $1.994

8 0

3 years ago

Abarrier along the open sides of stairways and platforms that prevent falling is

kotykmax [81]

Stair rails is a barrier along the open sides of stairways and platforms that prevent falling is

4 0

3 years ago

The ABC Corporation is considering introducing a new product, which will require buying new equipment for a monthly payment of $

scZoUnD [109]

Answer:

5500 units per month must be sold to earn the required profit

Explanation:

The target profit is the amount of profit that a business wants to earn. To calculate the target profit, we can use the break even analysis and include the factor for target profit under its formula and calculate the units and the dollar sales needed to earn the target profit.

In this case, the target profit is $50000 per month.

The break even in units = Fixed cost / contribution margin per unit

Contribution margin per unit = selling price per unit - variable cost per unit

To calculate units required for target profit, we will add the target profit to the fixed cost and divide by the contribution margin per unit

Target profit units = (fixed cost + target profit) / Contribution margin per unit

So,

Contribution margin per unit = 20 - 10 = $10 per unit

Target profit units = (5000 + 50000) / 10

Target profit units = 5500 units per month

7 0

3 years ago