A business has a profit margin of 4.5% and an equity multiplier of 1.8. Its sales are $250 million, and it has total assets of $100 million. What is its ROE?

Q: What would the net income be if the company used variable costing?

A: Step 1: Define Variable CostingVariable costing is a method that is used to prepare an income…

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A: Step 1: Definition of Depreciation and Amortization ExpenseDepreciation and amortization expense…

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A: Step 1: Definition of After-Tax Cash Flow from Asset SaleThe after-tax cash flow from an asset sale…

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A: Explanation of Assets:Assets are resources owned by a company that have economic value and are…

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A: Step 1: Definition of Equivalent UnitsEquivalent Units refer to the number of completed units that…

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A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) is a…

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A: Step 1: Define Financial RatiosIn management accounting, financial ratios are tools that can be used…

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A: Step 1: Definition of Equivalent Units for Conversion CostsEquivalent Units for Conversion Costs are…

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A: Gross profit is calculated by subtracting the cost of goods sold (COGS) from the total sales: Gross…

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A: Step 1: Define Material VarianceDirect Material Cost Variance is the difference between the standard…

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A: Step 1: Define Trading ProfitTrading profit is the first computation of the profit and loss account.…

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A: Step 1: Define Cost Of Common EquityThe cost of common equity is one of the main financing cost…

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A: Step 1: Definition of Inventory ShrinkageInventory shrinkage refers to the difference between the…

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A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…

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A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) measures a company's…

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A: Step 1: Definition of Partnership Distributions and Basis AdjustmentsIn a partnership, each…

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A: Step 1: Introduction to earnings per shareEarnings per share (EPS) is a financial metric that…

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A: Calculation for Adjusted book balance: Balance as per our Cash Account:Book balance = $7,800Add the…

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A: Step 1: Define Gross Profit PercentageThe gross profit percentage is an important financial ratio…

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A: Step 1: Definition of Total Asset Turnover RatioThe Total Asset Turnover Ratio measures how…

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A: Lower-of-Cost-or-Market Valuation for Sadowski Inventory The lower-of-cost-or-market (LCM) rule…

Q: On June 1, the Fitting department had 430 units in inventory. The department transferred 7,100 units…

A: Explanation of Beginning InventoryBeginning inventory refers to the number of units or stock present…

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A: Step 1: Define Return on AssetReturn on asset is calculated by dividing the net income by the…

Q: Total manufacturing costs are $170,000 when 20,000 packages are produced. Of this amount, total…

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Q: Mona reported $70,000 in net profit for the year using absorption costing. The company had no units…

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A: Computation of the company's return on investment: Company′s return on investment=(Net income /…

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A: Step 1: Define Additional FinancingThe business entities are always progressive and tends to have…

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A: 1. Net Income Net income is calculated using the formula:Net Income = Sales × Profit Margin…

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A: The gain or loss on sale is calculated as follows: Gain (loss) on sale = Sale value - Book value…

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A: Explanation of Bond Face Value:The bond face value is the nominal value of the bond that is paid to…

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A: Step 1: Formula for Unit Product Cost under Absorption Costing             Unit Product Cost…

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A: Step 1: Definition of Unit Cost for Inventory Valuation under Variable CostingUnit Cost under…

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A: To calculate the gross profit for the Rails Division, the formula is: Gross Profit = Sales - Cost of…

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A: The operating leverage is a measure of how sensitive net operating income (NOI) is to changes in…

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A: The profitability index (PI) is calculated using the following formula: PI=Initial InvestmentPresent…

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A: To address the problem, we will calculate the break-even volume and the degree of operating leverage…