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avanturin [10]
3 years ago
12

At December 31, 2020, Albrecht Corporation had outstanding 373,000 shares of common stock and 8,000 shares of 9.5%, $100 par val

ue cumulative, nonconvertible preferred stock. On May 31, 2021, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2021. For the year ended December 31, 2021, Albrecht reported a net loss of $1,862,000. calcilated the Albert's net loos per share for the year end december 31 2021.
Business
1 answer:
egoroff_w [7]3 years ago
6 0

Answer:

-$4.9 per share

Explanation:

Albrecht Corporation.

Net Loss per Share:

= - $1,862,000/ [($373,000*5/12)+($385,000*7/12)]

=-$1,862,000/$155,417+$224,573

=-$1,862,000/$380,000

=-$4.9 per share

Therefore Albrecht net loss per share for the year end december 31 2021 will be -$4.9 per share

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Suppose that the market price for a bottle of vitamins is $2.54 and that at that price the total market quantity demanded is 105
Mars2501 [29]

Answer:please refer to the explanation section

Explanation:

The question is incomplete, The amount that each firm must produce is not given or the Quantity/demand equation that each firm faces is not given. We use a firm's quantity/demand equation to calculate how much each firm should produce and then work out the number of firms that should exist in the industry.

let us assume quantity produced by each firm is given by this equation;

Q = 1900 + 15000Price

We need to plug the Price of $2.54 per unit Vitamin Bottle to the quantity equation. Q = 1900 + 15000(2.54) = 40 000

each firm must produce 40 000 units

Number of firms that should exist = Total Market Quantity/Firms Quantity Number of firms that should exist = 1055 560 000/40 000

Number of firms that should exist = 26389

When the price is $2.54, with each firm Producing 40000 units, 26389 firms should exist in the market to cover the total Market Quantity of 1055 560 000.

The question may provide you with the Quantity that each firm must produce, in that case you simple divide total market quantity by the firm's quantity to find number of firm that should exist.

When you are given quantity equations you use the price to work out quantity produced by each firm and then Divide the Market Quantity by Firm's quantity to find number of firms that should exist

6 0
3 years ago
If the United States could produce five televisions per hour of labor and China could produce three televisions per hour of labo
IRISSAK [1]

Answer:

US specialisation in TV can be stated on the basis of Absolute Advantage, not comparative advantage.

Explanation:

Absolute Advantage is when a country can produce more output per input of a commodity, than other country.

Comparative Advantage is when a country can produce a good at lower opportunity cost (in terms of other sacrifised)

China can produce more (ie 5 units television) per hour employed, compared to US able to produce lesser (3 units) in the same time. So, on the basis of Absolute Advantage, it can be stated that US should specialise in TV production.

However, since other good's details have not been given. So, we cannot attain the relative opportunity costs. Hence, specialisation on the basis of comparative advantage can't be stated.

7 0
3 years ago
A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
ankoles [38]

Answer:

Correct option is A

“The flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing” is the correct option  

Explanation

It is a curve which shows various combination for the amount of two goods among which they can be produced with in the given available resources. Thus, it shows that the maximum amount of output is produced with the help of given resource.  

4 0
3 years ago
Read 2 more answers
Equipment costing $16000 is purchased by paying $4000 cash and signing a note payable for the remainder. The journal entry shoul
grigory [225]

Answer:

c. credit to notes payable

Explanation:

Based on the information given we were told that the Equipment which cost the amount of $16000 was purchased by paying the amount of $4000 as cash which means that if the company sign a NOTE PAYABLE for the remainder. The journal entry should include a: CREDIT TO NOTES PAYABLE

5 0
3 years ago
One common problem with the current ratio is that it is susceptible to "window dressing." If prior to the end of the accounting
kaheart [24]

Answer:

c. pay off accounts payable prior to year-end.

Explanation:

The current ratio refers to the relationship between the current assets and the current liabilities

The formula to compute is as follows

Current ratio = Current assets ÷ current liabilities

It is a liquidity ratio that represents the liquidity of the company

Now for improving the current ratio first the company pay off the account payable before the year ending as it automatically reduced the balance of account payable

Hence, the correct option is c.

7 0
3 years ago
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