A firm has a return on equity of 22 percent. The total asset turnover is 2.9 and the profit margin is 5 percent. The total equity is $7,500. What is the amount of the net income?

Q: General Accounting question

A: The required rate of return can be calculated using the Capital Asset Pricing Model (CAPM). The CAPM…

Q: Accurate answer

A: Step 1: Calculate the asset's book valueBook Value = Cost - Accumulated DepreciationBook Value =…

Q: A company has a significant amount of inventory that has become obsolete. Discuss the accounting…

A: Definitions Related to the Question:1. Obsolete Inventory: Obsolete inventory refers to items that…

Q: Abc

A: To calculate the required return on Paccar's stock, we can use the Dividend Discount Model (DDM) for…

Q: Can you please solve this financial accounting question?

A: Step 1: Define Total ReturnTotal Return measures the overall gain or loss from an investment over a…

Q: Get solve this general accounting problem and give correct answer

A: To solve this, we need to use both the quick ratio and the current ratio formulas. Current Ratio…

Q: I want to this question answer general Accounting

A: Step 1: DefinitionsDirect Labor: The labor directly involved in producing a product, such as…

Q: Stockholders equity at the end of the year??

A: Explanation of Total Assets:Total assets represent everything a company owns that has value,…

Q: How much is the total materials variance??

A: Step 1: Definition of Total Materials VarianceThe total materials variance is the difference between…

Q: Hello teacher please help me this question

A: Step 1: Definition of Balance SheetA balance sheet is a financial statement that shows a company's…

Q: Find the total monthly fixed cost? General accounting

A: Compute the variable component of the cost of goods sold and the selling expenses. Then use it to…

Q: Please given correct answer general accounting

A: Step 1: Definition of Bad Debt ExpenseThe bad debt expense represents the portion of a company's…

Q: Financial Accounting

A: Step 1:The proper sequence of the current assets lists the assets in the order of liquidity, with…

Q: Compute the company's receivables turnover ratio? General accounting

A: Receivables turnover ratio = Net credit sales / Average accounts receivable Average accounts…

Q: A new product, an automated crepe maker, is being introduced at Knutt Corporation. At a selling…

A: Step 1:Calculate the revenue as follows:Revenue = Units sold * Selling price                = 85000…

Q: Do fast answer of this accounting questions

A: To determine the net realizable value (NRV) of Park's accounts receivable as of December 31, 2024,…

Q: Ans

A: Calculations:1.Net Income:EBT = EBIT - Interest ChargesEBT = $1,296,000 - $396,000EBT = $900,000Net…

Q: General accounting MCQ

A: To determine the net income for the year, we use the accounting equation for changes in owner's…

Q: Hii ticher please provide correct answer general Accounting

A: Step 1: DefinitionCost Reconciliation Report: A report that ensures all production costs during a…

Q: provide correct general account answer goive

A: To calculate the cost of units transferred out of the department, we use the cost reconciliation…

Q: Need answer

A: Explanation of Assets: Assets are economic resources owned or controlled by a business that are…

Q: Financial Accounting Question

A: Step 1: Identify the formulaStep 2: Identify the given valuesStep 3: Substitute the values into the…

Q: General accounting

A: Step 1: Definition of Debtors (Accounts Receivable)Debtors are customers to whom a company has made…

Q: What is the average collection period in days on these financial accounting question?

A: Step 1: Define Average Collection PeriodThe Average Collection Period (ACP) is the average number of…

Q: The department is most likely responsible to incur a "direct material price variance." A) Production…

A: The correct answer is:B) Purchasing Explanation:A direct material price variance occurs when the…

Q: The stockholders equity at the end of the year?

A: To calculate stockholders' equity at the end of the year, we use the following formula:…

Q: Please need answer this general accounting question not use ai

A: Step 1: Definition of Gain or Loss on Asset SaleThe gain or loss on the sale of an asset is the…

Q: Financial accounting question

A: Step 1: Define Absorption CostingAbsorption costing or full costing is a product costing method that…

Q: General accounting

A: Given:Beginning work in process inventory = $35,000Ending work in process inventory = $40,000Costs…

Q: Ans

A: Step 1: Definition of Receivables Turnover RatioThe receivables turnover ratio measures how…

Q: None

A: Step 1: Definition of Total Direct Materials Cost VarianceThe Total Direct Materials Cost Variance…

Q: Ans

A: Step 1: Define Net IncomeThe net income of a firm can be calculated by using the traditional income…

Q: solve asap. accounting.

A: Cost of the manufactured product = Direct materials + Direct labor + Factory overheadCost of the…

Q: The absorption costing unit product cost is solve this question general Accounting

A: Step 1: Absorption costing Under absorption costing, the product cost consists the following:Product…

Q: Annapolis Company completes Job #601 which has a standard of 650 labor hours at a standard rate of…

A: Step 1: Understand the Labor Efficiency (Quantity) Variance FormulaThe formula to calculate the…

Q: Don't want wrong answer

A: To compute the estimated inventory on May 31 using the gross profit method, we follow these steps:…

Q: Financial accounting

A: Explanation of Total Assets:Total assets refer to the combined value of everything a company owns…

Q: What is subtracted from sales to arrive at net sales? a. Sales returns and allowances b. Sales…

A: Net sales are calculated by subtracting sales returns and allowances and sales discounts from gross…

Q: Please expert provide answer

A: To calculate the predetermined overhead rate, use the following formula: Predetermined Overhead Rate…

Q: Explain the concept of comprehensive income. How does comprehensive income differ from net income?…

A: Definitions Related to the Question1. Comprehensive IncomeComprehensive income represents the total…

Q: financial account

A: Step 1: Understand the Formula for Gross ProfitThe formula to calculate Gross Profit is: Gross…

Q: I want to correct answer general accounting question

A: Step 1: Calculation of Average Accounts ReceivablesNet Accounts Receivables for 2021 = $562,500Net…

Q: John wick Company has total assets of $162,000. It has a profit margin of 6.5 percent on sales of…

A: Net Income = Profit Margin * Sales= 0.065 * $230,000= $14,950 Equity = Total Assets / Equity…

Q: General accounting question

A: To calculate the equivalent taxable yield, use the formula:Equivalent Taxable Yield=Tax-Free…

Q: Julia earned P300,000 in rendering services. His total expenses are 30%. His net income is? a.…

A: Explanation of Revenue:Revenue refers to the total income earned by a business from its core…

Q: A company is considering whether to adopt a new accounting software system. Discuss the potential…

A: New accounting software implementation may provide considerable benefits to the company. Most of the…

Q: Need help with this accounting questions

A: Step 1: Definition of Net Accounts ReceivableNet accounts receivable is the total accounts…

Q: GENERAL ACCOUNTING

A: Explanation of Net Sales: Net sales represents the total revenue from sales after deducting sales…

Q: Solve this general accounting question

A: Step 1: Define MarginThe margin measures the percentage of net operating income generated from total…

Q: Get correct answer general accounting question

A: Given:Beginning Total Assets = $600,000Ending Total Assets = $750,000Return on Assets (ROA) = 18%…