Problem Facts Information related to the Sosa Company for the year 2020:

Common Stock- As of the end of 2020, Sosa had 240,000 shares of common stock outstanding. The shares are due to the following common stock transactions:

january 1, 2020 – 100,000 shares of common stock outstanding

April 1, 2020 – issued an additional 50,000 shares for cash

July 1, 2020 - issued a 2 for 1 stock split

September 1, 2020 – purchased 60,000 shares for treasury stock

Preferred Stock- As of the end of 2020, Sosa had 30,000 shares of 6%, $10 par value, cumulative, convertible preferred stock outstanding. The stock had been outstanding all year and the conversion ratio was each share of preferred stock is convertible into 3 shares of common stock.

Bonds Payable-As of the end of 2020, Sosa had $800,000, 7% bonds payable outstanding. The bonds had been outstanding for the entire year and each $1,000 bond was convertible into 10 shares of common stock.

Options-Sosa also had 10,000 common stock options outstanding all year. Each option allowed the holder to purchase 1 share of Sosa’s common stock for $45. During 2020, the average market price of Sosa’s common stock was $48 per share.

Additional Information Sosa’s 2020 net income was $580,000, and the company’s income tax rate was 34%.

REQUIRED

1. Compute the weighted average number of common shares Sosa will use to compute basic earnings per share.

2. Compute 2020 basic earnings per share

3. Identify which of the potentially dilutive securities (preferred stock, bonds, options) are dilutive (support must be shown to receive credit for this question)

4. Compute diluted earnings per share

please show work, thank you!!!

DataSpan, Inc., automated its plant at the start of the current year and installed a flexible manufacturing system. The company is also evaluating its suppliers and moving toward Lean Production. Many adjustment problems have been encountered, including problems relating to performance measurement. After much study, the company has decided to use the performance measures below, and it has gathered data relating to these measures for the first four months of operations.

Management has asked for your help in computing throughput time, delivery cycle time, and MCE. The following average times have been logged over the last four months:

Required:

1-a. Compute the throughput time for each month. (Round your answers to 1 decimal place.)

1-b. Compute the manufacturing cycle efficiency (MCE) for each month. (Round your answers to 1 decimal place.)

1-c. Compute the delivery cycle time for each month. (Round your answers to 1 decimal place.)

3-a. Refer to the move time, process time, and so forth, given for month 4. Assume that in month 5 the move time, process time, and so forth, are the same as in month 4, except that through the use of Lean Production the company is able to completely eliminate the queue time during production. Compute the new throughput time and MCE. (Round your answers to 1 decimal place.)

3-b. Refer to the move time, process time, and so forth, given for month 4. Assume in month 6 that the move time, process time, and so forth, are again the same as in month 4, except that the company is able to completely eliminate both the queue time during production and the inspection time. Compute the new throughput time and MCE. (Round your answers to 1 decimal place.)

Note: This problem is for the 2018 tax year.

On November 1, 2008, Janet Morton and Kim Wong formed Pet Kingdom, Inc., to sell pets and pet supplies. Pertinent information regarding Pet Kingdom is summarized as follows:

• Pet Kingdom's business address is 1010 Northwest Parkway, Dallas, TX 75225; its telephone number is (214) 555-2211; and its e-mail address is [email protected].
• The employer identification number is 11-1111112, and the principal business activity code is 453910.
• Janet and Kim each own 50% of the common stock; Janet is president and Kim is vice president of the company. No other class of stock is authorized.
• Both Janet and Kim are full-time employees of Pet Kingdom. Janet's Social Security number is 123-45-6788, and Kim's Social Security number is 123-45-6787.
• Pet Kingdom is an accrual method, calendar year taxpayer. Inventories are determined using FIFO and the lower of cost or market method. Pet Kingdom uses the straight-line method of depreciation for book purposes and accelerated depreciation (MACRS) for tax purposes.
• During 2018, the corporation distributed cash dividends of $250,000.

Pet Kingdom's financial statements for 2018 are shown below.

Required:

During 2018, Pet Kingdom made estimated tax payments of $56,000 each quarter to the IRS. Prepare a Form 1120 for Pet Kingdom for tax year 2018.

• If an amount box does not require an entry or the answer is zero, enter "0".
• Enter all amounts as positive numbers, unless otherwise instructed.
• If required, round amounts to the nearest dollar.
• Make realistic assumptions about any missing data.

How do you compute schedule M - 3 part 2 - 3?

1. The SAT Math scores for a recent year are distributed according to the normal distribution with mean equal to 506 and standard deviation of 115

A. Determine the range of typical test scores, we consider 2 standard deviation as typical scores.

B. Determine the probability that a student scored higher than 700

C. Determine the probability that a student scored between 450 and 700

D. Determine the probability that a random sample 30 students, that their mean test score is between 450 and 700.

A 40 year old complains of slow gait and a hand tremor of a few months duration. HPI. His wife also describes postural instability, drooling of saliva and generalized rigidity. PE. "Mask-like facies; mild involuntary pill-rolling tremor at rest; gait-short stepped and shuffling. Deep tendon reflex is normal. Plantar responses bilaterally flexed. On gross pathology, there is absence pigment in the substantia nigra. Micro pathology shows presence of Lewy bodies with decreased neurons in the substantia nigra.

Please provide a short term care plan for this patient

Bob deposits $11000 at the beginning of each year for six years in a fund earning an effective annual rate of 6.7%. The interest from this fund can only be reinvested at an effective annual rate of 2.1%. Find the accumulated value of Bob’s investment at the end of thirteen years. Round your answer to the nearest cent.

A 49 year old man with a history of heart problems complains of chest pressure and shortness of breath. You should assist him in taking his nitroglycerin if he?

A 48 year old patient complains of difficulty breathing, patients history reveals an acute myocardial infarction 8 months ago, vital signs are 144/86, 110, and 24, auscultation reveals crackles in the lung bases. You should suspect?

A patient complains of substernal chest pain with radiating pain to his back and jaw, the pain is not relieved with rest, you should?

During the primary assessment, A 57 year old female says she has chest pain and points to her Epigastric area. What should you do ?

An orientated 78 year old female with pale, moist skin is complaining of indigestion. vital signs are BP 180/90, P116 & irregular, R24 and regular. You should suspect ?

Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,900. The machine's useful life is estimated at 10 years, or 389,000 units of product, with a $7,000 salvage value. During its second year, the machine produces 32,900 units of product.

1.Determine the machine’s second-year depreciation using the double-declining-balance method

2，Determine the machine’s second-year depreciation and year end book value under the straight-line method.

3.Determine the machine’s second-year depreciation using the units-of-production method.

An asset was purchased for $118,000 on January 1, Year 1, and originally estimated to have a useful life of 8 years with a residual value of $10,500. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $2,600. Calculate the third-year depreciation expense using the revised amounts and straight-line method. Round your answer to the nearest dollar.

$22,631

$23,131

$22,131

$21,131

Elegant Constructions is a construction company which was established in the year 2020. Ms. Adeela is the founder of the company. The company is involved in the construction of excellent quality buildings which had aesthetic elevations and appearance. Elegant Constructions Company became popular in Rustaq region in the Sultanate of Oman. Like all other companies, this new company also should get their financial statements audited. The financial statements and all other operations of the company was checked and verified by Ms. Zeenat, the head of Marketing Department who is very knowledgeable and has more 15 years of experience. The shareholders of the company and the audit committee decided to appoint Smart Audit Services as the auditors for the company.
Answer the following questions:

Identify the type of assurance engagement between Elegant Constructions and Smart Audit Services and Justify by explaining.   

‘Auditing and assurance are parts of the same process of verifying the information on the company’s accounting records for accuracy and compliance with the accounting standards and principles’- Explain.

C. Differentiate the audit services of Ms. Zeenat, the head of Marketing Department and Smart Audit Services, the auditors of the company.