A business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin?
Q: Bella's Florist purchased a delivery truck for $25,000. The company was given a $3,000 cash discount…
A: Total cost of the truck = Purchase price - Cash discount + Sales taxTotal cost of the truck = 25,000…
Q: Provide correct answer general Accounting question
A: Step 1: Define Cash Flows from Financing ActivitiesThe Cash Flows from Financing Activities section…
Q: What is the depreciation base of the machine?
A: Explanation of Depreciable Base:The depreciable base is the portion of an asset's cost that can be…
Q: help this answer.
A: Step 1: Definition of Required Sales Volume CalculationIn cost-volume-profit (CVP) analysis, the…
Q: What is the total equity for horizon supplies at year end? General accounting
A: Step 1: Recall the accounting equation.The basic accounting equation states that...Total Assets =…
Q: Need correct answer general accounting question
A: Step 1: Define Compound InterestCompound interest is the interest calculated on both the initial…
Q: I want to this question answer general Accounting
A: Cost of goods sold = Beginning finished goods inventory + Cost of goods manufactured - Ending…
Q: Need help this question solution
A: Step 1: Definition of Direct Labor Variance Direct labor variance is the difference between standard…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Allowance for Doubtful AccountsAllowance for Doubtful Accounts is a contra…
Q: What is the total equity for horizon supplies at year end?
A: Let's use the basic accounting equation, Total Assets = Total Liabilities + Total EquityTotal Assets…
Q: need this subjects solutions
A: To calculate the Return on Assets (ROA), we use the formula: ROA =(Net Income / Total Assets) × 100…
Q: What is the average cost per snowmobile
A: Step 1: Definition of Average Cost Per UnitThe average cost per unit is the total cost incurred for…
Q: The company's total assets are?
A: Explanation of Common Stock: Common stock represents ownership shares in a company that are issued…
Q: expert solve this questions. NO AI use please. General Account
A: Step 1: Definition of Retained EarningsRetained earnings represent the accumulated net income of a…
Q: I need thus answer of this general Accounting question
A: Step 1:Given,Principal amount: $10,000Annual interest rate: 8%Tenure: 6 months Step 2:Computation of…
Q: Correct answer please
A: Step 1: Definition of Variable CostingUnder variable costing, the fixed manufacturing overhead cost…
Q: Ans ? Financial Accounting question
A: Step 1: Define Net IncomeNet income is the company's total earnings after deducting all expenses,…
Q: normal capacity for horizon manufacturing?
A: Total budgeted overhead expense at normal capacity for Horizon Manufacturing is calculated as the…
Q: Provide answer
A: New contribution margin = Old contribution margin + Increase in contribution marginNew contribution…
Q: Need help with this question solution general accounting
A: Step 1: Calculation of Average Common EquityBeginning Common Equity (January 1, 2024) =…
Q: answer? ? Financial accounting
A: Formula:Required Return = (Next Dividend / Current Stock Price) + Dividend Growth…
Q: What was the inventory turnover ratio for this financial accounting question?
A: Step 1: Definition of Inventory Turnover RatioThe Inventory Turnover Ratio measures how efficiently…
Q: Correct answer please
A: The Return on Investment (ROI) can be calculated using the DuPont formula:ROI=Profit Margin*Asset…
Q: The Blue Jay Corporation has annual sales of $5,200, total debt of $1,500, total equity of $2,800,…
A: Understanding the Problem We are given the following financial data for Blue Jay Corporation:Annual…
Q: Provide solution please
A: Step 1: Definition of Direct Labor CostDirect labor cost represents the total wages paid to workers…
Q: Net sales total $525,000. Beginning and ending accounts receivable are $42,000 and $46,000,…
A: Concept of Net Sales: Net sales represent the total revenue generated from the sale of goods or…
Q: How much cash did horizon enterprises collect from its customers during the year of this financial…
A: Step 1: Introduction to accounts receivableAccounts receivable refers to the customers who have…
Q: The Carter Corporation's next expected dividend, D1, is $2.75; its growth rate is 5.5 percent, and…
A: 1. CONCEPT OF FLOTATION COSTS- Flotation costs are expenses incurred when issuing new securities…
Q: provide correct answer
A: To determine the net income reported by Ashley's Accessory Shop for the year, we can use the…
Q: need help this questions
A: Step 1: Definition of Standard Manufacturing Overhead RateThe Standard Manufacturing Overhead Rate…
Q: Solve this Accounting problem
A: Explanation of Credit Terms (2/15, net 40): This notation represents the payment conditions offered…
Q: General accounting
A: Step 1: Definition of Total Asset TurnoverTotal Asset Turnover Ratio measures how efficiently a…
Q: Number of barrel completed... please given answer
A: Step 1: Definition of Work-in-Process (WIP) Inventory Work-in-Process inventory represents partially…
Q: What is the correct option a b c d e ?? General Accounting
A: Present Value of perpetuity = Cash Flow/Interest Rate Interest Rate = Cash Flow/Present Value…
Q: Bradley Industries applies manufacturing overhead on the basis of direct labor-hours. At the…
A: Explanation of Direct Labor Hours: Direct labor hours represent the time workers spend directly…
Q: provide correct answer is.
A: Step 1: Definition of Budgeted Overhead CostBudgeted Overhead Cost represents the total estimated…
Q: Correct answer please
A: Step 1: Definition of Absorption Costing Net Operating IncomeAbsorption Costing is a method of…
Q: Please given step by step answer general Accounting question
A: Step 1: Define External FinancingExternal financing refers to the process of raising capital from…
Q: 4 POINT
A: Explanation of Joint Costs:Joint costs refer to the total production costs incurred before products…
Q: Solve this problem financial accounting question
A: Step 1: Define Lower-of-Cost-or-Net Realizable Value (LCNRV)The Lower-of-Cost-or-Net Realizable…
Q: Wilson owned equipment with an estimated life of 10 years when the equipment was acquired for an…
A: First, we need to calculate the gain on the sale of the equipment by Wilson to Simon. The gain on…
Q: What is the weighted average cost of capital on these financial accounting question?
A: Step 1: Define Weighted Average Cost of Capital (WACC)The Weighted Average Cost of Capital (WACC) is…
Q: Hello tutor please provide this question solution general accounting
A: DSO = Accounts receivable / Average daily sales30 days = Accounts receivable / 15,000Accounts…
Q: What was the Cash flow to shareholders
A: Step 1: Given Value for Calculation Net Income = ni = $3450Retention Ratio = r = 50%Selling Price of…
Q: 4 POINTS
A: Explanation of Predetermined Overhead Rate: This is a calculated rate established at the beginning…
Q: Problem related general Accounting
A: Cash Flow to Shareholders is the net amount of cash a company distributes to its shareholders.…
Q: Asking this problem to right expert. solve it.
A: Step 1: Formulas Carrying amount = Original cost - Amortization*Amortization from 7/1/2017 to…
Q: Wrong ANSWER WILL GET UNHELPFUL RATE
A: Step 1: Computation of over-applied or under-applied overheadApplied Overhead = Predetermined…
Q: sset turnover ratio.
A: Average total assets = (Beginning total assets + Ending total assets)/2Average total assets =…
Q: What is the firm's net profit margin?
A: To calculate the net profit margin, use the formula: Net Profit Margin =(Net Profit / Net Sales) ×…
Subject: Accounting
Step by step
Solved in 2 steps
- A business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin? Answer to below QuestionA business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin?A business improves its gross profit margin from 20% to 22%. What was the gross profit if revenues of $1.5 million were made at the improved margin? Need help
- What is its profit margin? General accountingCan you explain the correct approach to solve this general accounting question?If a company has a profit margin of 10%, this means that:A) For every $1 of sales, the company earns $0.10 in profit.B) The company has $0.10 in expenses for every $1 of sales.C) The company’s revenue exceeds its expenses by 10%.D) The company’s assets exceed its liabilities by 10%.explain.
- I need help with this general accounting question using the proper accounting approach.What is its profit margin?A company has the following income statement. What is its net operating profit after taxes (NOPAT)? Round it to a whole dollar. Will need to find EBIT first. Sales $ 1,050 Costs 600 Depreciation 170 EBIT $ ? Interest expense 50 EBT $ ? Taxes (24%) ? Net income $ ?