Pina Corporation is preparing the comparative financial
statements for the annual report to its shareholders for fiscal
years ended May 31, 2020, and May 31, 2021. The income from
operations for the fiscal year ended May 31, 2020, was $1,818,000
and income from continuing operations for the fiscal year ended May
31, 2021, was $2,424,000. In both years, the company incurred a 10%
interest expense on $2,424,000 of debt, an obligation that requires
interest-only payments for 5 years. The company experienced a loss
from discontinued operations of $575,000 on February 2021. The
company uses a 20% effective tax rate for income taxes.
The capital structure of Pina Corporation on June 1, 2019,
consisted of 1,037,000 shares of common stock outstanding and
19,100 shares of $50 par value, 6%, cumulative preferred stock.
There were no preferred dividends in arrears, and the company had
not issued any convertible securities, options, or warrants.
On October 1, 2019, Pina sold an additional 511,000 shares of the
common stock at $20 per share. Pina distributed a 20% stock
dividend on the common shares outstanding on January 1, 2020. On
December 1, 2020, Pina was able to sell an additional 785,000
shares of the common stock at $22 per share. These were the only
common stock transactions that occurred during the two fiscal
years.
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is incorrect.
Identify whether the capital structure at Pina Corporation is a
simple or complex capital structure.
Simple Capital
StructureComplex Capital Structure
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.
Determine the weighted-average number of shares that Pina Corporation would use in calculating earnings per share for the fiscal year ended:
| Weighted-average number of shares | ||||
| (1) | May 31, 2020 | |||
| (2) | May 31, 2021 |
New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.
Prepare, in good form, a comparative income statement, beginning with income from operations, for Pina Corporation for the fiscal years ended May 31, 2020, and May 31, 2021. This statement will be included in Pina’s annual report and should display the appropriate earnings per share presentations. (Round earnings per share to 2 decimal places, e.g. $1.55.)
|
PINA CORPORATION |
||
|
2020 |
2021 |
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DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
$ |
$ |
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
||
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
||
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
||
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DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
||
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
||
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
$ |
$ |
| Earnings per share: | ||
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
$ |
$ |
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
||
|
DividendsExpensesExtraordinary LossIncome Before Extraordinary LossIncome Before TaxesInterest ExpenseIncome From Continuing OperationsIncome From OperationsIncome TaxesLoss From Discontinued OperationsNet Income / (Loss)Retained Earnings, June 1Retained Earnings, May 31RevenuesTotal ExpensesTotal Revenues |
$ |
$ |
In: Accounting
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In: Accounting
how you calculate: how many stages for 100 interview, at snowball sampling?
In: Statistics and Probability
2. Describe how an organization would set up a structured interview system.
In: Operations Management
Need huge list of interview questions and answers for java selenium Web-driver.
In: Computer Science
Case Study 2: Employee Selection at Deloitte Australia
Deloitte is the brand name used for Deloitte Touche Tohmatsu Limited, a UK private company with more than 263,900 professionals worldwide in the service areas of audit, tax, consulting, financial advisory, risk management, and related services. The firm operates in more than 150 countries and had revenues in fiscal year 2018 of $43.2 billion. Deloitte is one of the “Big Four” accounting firms and the largest professional services firm in the world.
Deloitte Australia is recognized as the number one employer-of-choice for graduates by Gradconnection. Workplace Gender Equality Agency has recognized the firm as am employer-of-choice for women. Deloitte Australia is the only professional services firm on the Australia Center for Corporate Social Responsibility’s Top Ten list. Further, the firm has invested more than $20 million in their communities through pro bono work and donations, as well as through volunteer work.
Deloitte Australia, like the rest of Deloitte, is a highly progressive company that is often on the leading edge of human resource practices. The firm provides information on the company website that can serve as a guide for prospective employees. The website includes information about the company’s recruitment and selection processes for both new college graduates and experienced hires.
The application process for college students starts with completing an online application process. Applicants can also read information about Deloitte and about the members of the recruitment team on the website. Recruitment team members review applications, make an assessment of fit with skills, and determine if there is a match to key selection criteria. The company tries to contact applicants in seven days with a decision about continuation in the selection process.
The selection process includes multiple steps. The process starts with a first interview, usually by phone with a member of the recruitment team. The process continues with interviews with members of the relevant service team. The number of these interviews varies across service areas. The process ends with an in-depth interview addressing technical and motivational fit with the role, team and company. A Deloitte partner from the service line participates in the final interview.
The selection process for some roles may also include psychometric or skills-based tests. Other roles require an assessment in the form of a case study. These assessments take place either online or face-to-face, and within two weeks of the rest of the interviews.
Finally, if the firm is interested in making an offer, they will conduct a pre-employment check of references and work rights with the Australian Government Department of Immigration and Border Protection (DIBP).
Questions
In: Operations Management
Suppose that for all Miami University STA 261 students, the average distance that they live from campus is 12.2 miles with a standard deviation of 8.0 miles. A random sample of 49 Miami university STA 261 students was taken, and the sample average distance that they live from campus was calculated.
a. what is the shape of the population distribution? Briefly explain your response
b. What is the probability that a randomly selected MU STA 261 student lives at least 10 miles from campus?
c. What is the probability that the sample average will have a value of at least 10 miles?
In: Statistics and Probability
Assume you are planning to interview shoppers in a shopping mall about their views on increased food prices and what the Government should do about them.
[5 Marks]
[10 Marks]
In: Accounting
Discuss the differences, if any, in the way you would conduct a final interview with a 10-year corporate controller accused of embezzling funds and a new cashier accused of stealing cash. Include a comparison of 3 questions you would ask each of the suspects during this phase of the interview process. Include in your discussion the differences or similarities in the questions you selected and explain why you would ask those particular questions to those particular individuals.
In: Accounting
Discuss the differences, if any, in the way you would conduct a final interview with a 10-year corporate controller accused of embezzling funds and a new cashier accused of stealing cash. Include a comparison of 3 questions you would ask each of the suspects during this phase of the interview process. Include in your discussion the differences or similarities in the questions you selected and explain why you would ask those particular questions to those particular individuals.
In: Accounting