A company has net working capital of $750, net fixed assets of $3,250, sales of $8,000, and current liabilities of $1,200. How many dollars worth of sales are generated from every $1 in total assets?
Q: Hello can u help me with this problem
A: Explanation of SalesSales refer to the total revenue generated from the goods or services sold by a…
Q: When should alternative measurement bases supplement cost?
A: Historical cost provides a reliable and verifiable basis for measuring assets and liabilities, but…
Q: Which is correct?
A: Explanation of Off-Market Swaps: These are derivative contracts where the terms are set at rates…
Q: Kindly help me with accounting questions
A: Gross profit is calculated by subtracting the cost of goods sold (COGS) from the total sales: Gross…
Q: Find the following value solve this question financial accounting
A: Step 1: Define Future ValueFuture value and present value are two common factors that should be…
Q: Answer? ? This question
A: To solve this problem, we use the formula for compound interest:A=P(1+r/n)^nt Where:A is the final…
Q: Summit industries has the following accounts solve this accounting questions
A: Step 1:The intangible assets section of the balance sheet is shown under the non-current assets…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Adjusted Book BalanceThe adjusted book balance is the reconciled cash balance…
Q: I need this question answer general Accounting
A: Step 1: Define High Low MethodIf the cost related to the highest activity period and the lowest…
Q: Adam, Azim and Akbar were equal partners in a firm. Each partner contributed capital of RO 15,000,…
A: Ledger Accounts: Adams Capital AccountParticularsDebitCreditBalance b/d 15,000Interest on Capital…
Q: ABC ended the year with an inventory of $822,000. During the year, the firm purchased $5,258,000 of…
A: To calculate the beginning inventory for ABC Company, we use the basic inventory equation:…
Q: Need Answer of this one with correct option that one given
A: Step 1: Definition of Gross Profit and Operating ExpensesGross profit is the difference between net…
Q: Do fast answer of this accounting questions
A: Step 1: Definition of Owner's EquityOwner's Equity: This is the residual interest in the assets of a…
Q: Ruan Shipping Co. follows the practice of pricing its inventory at the lower-of-cost-or-market, on…
A: For each item, we need to compare the Cost and Market Value (lower of Cost to and Est.) to determine…
Q: What is the fair value of an investment that pays solve this question general Accounting
A: To calculate the fair value of the investment, you can use the formula for the present value of a…
Q: Hii expert please provide correct answer general Accounting
A: Step 1: Define PensionA pension can be defined as a fund created by the employer in which a periodic…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Net IncomeNet Income: Net income is the excess of revenues over expenses…
Q: Note: This option is incorrect $417,000. Please check the correct option
A: To calculate gross profit, use the formula:Gross Profit = Sales - Cost of Goods Sold…
Q: Hii expert please given answer
A: Step 1: Define Gross ProfitA company's gross profit is a line item on its income statement and it is…
Q: Answer??
A: Calculate the inventory loss under IFRS, we apply the lower of cost or net realizable value (NRV)…
Q: Provide correct option general accounting
A: To calculate the accrued interest recorded for the note, we use the simple interest formula:Interest…
Q: Need answer the financial accounting question
A: Step 1: Define Effective Interest RateThe effective interest rate can be a useful tool to analyze…
Q: Hii expert please given answer
A: To calculate the future value (FV) of the deposit, we use the formula for compound interest: FV…
Q: I want to correct answer general accounting
A: Beginning Capital:Total Assets = $75,000Total Liabilities = $45,000Beginning Capital = Total Assets…
Q: Financial Accounting
A: Step 1: Define Net Income and Return on Assets (ROA)Net Income: The profit earned after accounting…
Q: General Account Subject
A: According to the lower of cost or net realizable value (NRV) rule, inventory is valued at the lower…
Q: Need help with this accounting questions
A: Step 1: Define Selling PriceThe selling price for one unit of a product is usually ascertained by…
Q: Solve this question financial accounting
A: Step 1: Define Share BuybackIn a share repurchase, the firm purchases the shares of its current…
Q: What role should the precautionary principle play in the development and application of accounting…
A: Key DefinitionsPrecautionary Principle: A risk management approach that advocates taking preventive…
Q: On the basis of the following data, determine the value of the inventory at the lower of cost or…
A: To calculate the inventory at the lower of cost or market for each commodity, follow these…
Q: Calculate the selling price solution this question
A: To calculate the selling price with a 20% markup on the selling price and a profit of R5,800, we can…
Q: Please provide this question solution general accounting
A: The direct labor efficiency variance is calculated using the formula: Direct Labor Efficiency…
Q: I need solution
A: To calculate the total cost accounted for, use the following formula: Total Cost Accounted For =…
Q: Need Answer of this Accounting Question
A: Step 1: Understand the ProblemWe need to calculate the equity premium, which represents the…
Q: Do fast answer of this accounting questions
A: To calculate Skyway's current EPS and P/E ratio, we use the following formulas: 1. Earnings Per…
Q: General accounting
A: Step 1: Define Factory OverheadThese are expenses incurred in the production process that cannot be…
Q: A fhas a debt to asset solve this question general Accounting
A: The Return on Equity (ROE) is calculated using the formula: ROE = (Net Income / Equity) × 100 Step…
Q: I need answer of this question solution general accounting
A: Explanation: The cost to be allocated to product Y based on material receipts will be calculated…
Q: Calculate the plantwide factory overhead rate ? General accounting
A: Step 1:The plantwide overhead rate is the single overhead rate that is used to allocate the…
Q: Parker manufacturing has two production solve this accounting questions
A: Step 1:First calculate the allocation rate per employee: Allocation rate per employee = Total…
Q: Need help with this accounting questions
A: Step 1: Definition of Predetermined Overhead Rate and Overhead VarianceThe predetermined overhead…
Q: Poonam has a standard of 1.5 pounds of materials per unit, at S6 per pound. In producing 2,000…
A: Explanation of Standard Quantity: Standard quantity is the predetermined amount of materials that…
Q: Subject:- General Account
A: To determine the proper balance in the Allowance to Reduce Inventory to Net Realizable Value (NRV)…
Q: Compute the manufacturing overhead rate for the year of this accounting question?
A: To calculate the predetermined overhead rate, you divide the total estimated overhead costs by the…
Q: I need to correct answer general accounting question
A: To calculate the total equivalent units for direct materials, we use the weighted average method…
Q: What is maple grove trading's gross profit of this accounting question?
A: Step 1: Define Gross ProfitGross profit is the excess of net sales over the cost of goods sold…
Q: Please provide this question solution general accounting
A: The gain or loss on sale is calculated as follows: Gain (loss) on sale = Sale value - Book value…
Q: Provide answer financial accounting
A: Step 1: Define Profit MarginThe profit margin is defined in economics and accounting as the amount…
Q: Please given correct answer general accounting
A: Step 1: Define Net IncomeThe net income is a measure of the profitability of an enterprise. It is…
Q: Please given correct answer general Accounting
A: Step 1: Define Predetermined Overhead Rate (POHR)The Predetermined Overhead Rate (POHR) is…
Don't use


Step by step
Solved in 2 steps

- During the current year, Sokowski Manufacturing earned income of $350,000 from total sales of $5,500,000 and average capital assets of $12,000, 000. What is the sales margin?A firm has net working capital of $980, net fixed assets of $4,418, sales of $9,250, and current liabilities of $1,340. How many dollars worth of sales are generated from every $1 in total assets? Need Answer general AccountingTotal assets? General accounting
- The Blue Jay Corporation has annual sales of $5,200, total debt of $1,500, total equity of $2,800, and a profit margin of 8 percent. What is the return on assets?Please I need this general account question answerA firm has $680 In inventory, 52,140 in fixed assets, $210 In accounts receivables, $250 in accounts payable, and $80 in cash. What is the amount of the net working capital?
- Current assets are $94,700. Accounts payable is $36,200, net income is $12,400 and sales are $110,800. What is the net working capital turnover rate?Calculate the net income for a company given the following information: Sales revenue = $100,000, Cost of goods sold = $40,000, Operating expenses = $20,000, Interest expense = $5,000, and Income tax rate = 25%.The average total assets of Party Favors, Inc. amount to $110,000. The firm's total receivables are $7,000, representing 25 days' sales. The firm's profit margin is 8 percent. Use a 365-day year and round your answers to two decimals. A) What is Party Favor's asset turnover ratio? B) What is its ROA?
- What is the return on assets for this general accounting question?I need answer of this accounting questionsMason Corporation had $1,164,000 in invested assets, sales of $1,240,000, income from operations amounting to $243,000, and a desired minimum return of 12%. Round your answer to two decimal places. The investment turnover for Mason Corporation is a.1.07 b.0.85 c.1.28 d.1.60