At December 31, 2015, Albrecht Corporation had outstanding 368,000 shares of common stock and 6,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2016, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2016. For the year ended December 31, 2016, Albrecht reported a net loss of $1,743,000. Calculate Albrecht's net loss per share for the year ended December 31, 2016.

Net loss per share is -$4.80

Explanation:

The net loss per share is the total loss in the year divided by the weighted average number of common stock in the year.

Total net loss=net loss-preferred stock dividend

preferred stock dividend=$100*6,000*9.5%=$ 57,000.00  

total net loss=-$1,743,000-$57,000=-$1,800,000

weighted average number of common stock=368,000*5/12+(368,000+12,000)*7/12=375,000 shares

net loss per share=-$1,800,000/375,000=-$4.80

explanation:

maybesome of this can : think of the many ways that the hydrosphere and the atmosphere connect. evaporation from the hydrosphere provides the medium for cloud and rain formation in the atmosphere. the atmosphere brings back rainwater to the hydrosphere.

in what way do the geosphere and hydrosphere connect? water provides the moisture and medium for weathering and erosion of rocks on in the geosphere. the geosphere, in turn, provides the platform for ice melts and water bodies to flow back into the oceans.

the atmosphere provides the geosphere with heat and energy needed for rock breakdown and erosion. the geosphere, in turn, reflects the sun's energy back into the atmosphere.

the biosphere receives gases, heat, and sunlight (energy) from the atmosphere. it receives water from the hydrosphere and a living medium from the geosphere.