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: Accurate question
A: Step 1:In Accounting when the size of business is small and transactions are less in numbers then…
Q: Hi expert please give me answer general accounting question
A: To calculate the Cost of Goods Sold (COGS), we use the formula: COGS = Beginning Inventory +…
Q: Expert please provide answer
A: Approach to solving the question: In order to get the shareholder's equity we need to add all the…
Q: Not use ai solution given correct answer general Accounting question
A: Step 1: DefinitionOverhead allocation is a method used to assign a portion of total overhead…
Q: Need your advice in this general accounting problem
A: Explanation of Prime Costs: Prime costs represent the sum of direct materials and direct labor costs…
Q: Solve this accounting problem
A: Explanation of Return on Equity (ROE): Return on Equity is a financial ratio that measures how…
Q: The same impact on profit
A: To determine how much additional sales would be required to achieve the same impact on profit as the…
Q: Give me Answer
A: Approach to solving the question:Freeform Detailed explanation: In decision-making, relevant costs…
Q: General accounting
A: To calculate the net income, we use the formula for changes in owner's equity: Ending Equity =…
Q: I need a expert not AI Step Amount Category Inventory 1. Beginning Balance, January 1…
A: 1.The table shows that the variable factory overhead is listed separately in Step 7. Variable…
Q: NO WRONG SOLUTION
A: A purchase commitment is a firm order to buy. This means that when a company makes a purchase…
Q: Montain top harware by kirk lynch i need help with the purchase journal on page 9 please. Only…
A: I understand you're working on the "Mountain Top Hardware Practice Set" by Dr. Kirk Lynch and need…
Q: Sub: financial accounting
A: Consolidation in financial reporting refers to the process by which a parent company combines its…
Q: Sub: financial accounting
A: Explanation of Variance: This is a statistical measure that quantifies how far numbers in a dataset…
Q: Given answer financial accounting question
A: Step 1: Define Stockholders' EquityStockholders' equity is the account categorization for equity…
Q: Solve this cost accounting question
A: Biological assets are measured at:(1) Fair value less costs to sellThis is in accordance with…
Q: What is the expected return on this stock? General accounting
A: Expected Return=Risk-Free Rate+β×Market Risk PremiumGiven:Risk-Free Rate (Rf) = 2.4% = 0.024Beta…
Q: I need this question answer general Accounting
A: Step 1: Define Earnings Per ShareThe earnings per share show the income generated by the company for…
Q: The Aakash Company forecasts that total overhead for the current year will be $17,000,000 and total…
A: To calculate the predetermined overhead rate, we use the formula: Predetermined Overhead Rate =…
Q: financial accounting question
A: Step 1: DefinitionsDirect Materials Price Variance: The difference between the actual cost and the…
Q: What will be its return on equity??
A: To calculate the **Return on Equity (ROE)** for Midwest Packaging after implementing the new…
Q: General accounting
A: Step 1: Definition of Net IncomeNet income is the profit a business earns after deducting all…
Q: Quick answer of this accounting questions
A: To calculate the gross margin percentage, we first need to determine the net sales and then use the…
Q: General accounting questions
A: To calculate the capital gains yield, we use the formula: Capital Gains Yield =((Selling Price…
Q: Bowie sporting good manufacturer sleeping bags
A: Explanation of Materials Price Variance:Materials Price Variance measures the difference between the…
Q: Need this accounting answer
A: The correct answer is:d. None of the above accounts is an asset. ExplanationTo identify asset…
Q: Need help with this financial accounting question
A: The current assets section of the balance sheet lists those assets expected to be converted into…
Q: 1.4.67 financial accounting
A: Explanation of Fixed Costs:Fixed Costs are expenses that remain constant regardless of the company's…
Q: General accounting
A: Step 1: Definition of Asset Turnover RatioThe asset turnover ratio measures how efficiently a…
Q: Use margin ratio approach
A: Explanation of Contribution Margin Ratio:The Contribution Margin Ratio is the percentage of sales…
Q: Please solve this question general Accounting
A: Step 1:Definition:Accounts Receivable Balance: The amount of credit sales that a company has not yet…
Q: What is the company's return on equity on these financial accounting question?
A: Step 1: Formulas Equity = Assets - LiabilitiesNet income = Profit margin x SalesReturn on equity =…
Q: Financial accounting
A: Step 1: Information providedCurrent assets = $7,300Net fixed assets = $28,200Current liabilities =…
Q: Manufacturing overhead was
A: Step 1:First calculate the predetermined overhead rate: Predetermined overhead rate = Budgeted total…
Q: Financial accounting
A: Debt-to-Equity Ratio=Total Debt/Equity Rearranging to solve for Total Debt:Total…
Q: Expert provide answers of this cost accounting question
A: Explanation of Target Cost:Target cost refers to the maximum amount a company can spend to produce a…
Q: Determine net income?
A: Step 1: Define ROEROE is the return on equity, which is estimated by dividing the net income over…
Q: I want answer
A: Explanation of Owner's Equity:Owner's equity represents the owner's financial interest in a…
Q: If you give me wrong answer of this financial accounting question I will give you unhelpful rate
A: Step 1: Define Sales ReturnsSales returns refer to the portion of sales that a company expects to be…
Q: None
A: Step 1: Definition of Standard Hours AllowedStandard Hours Allowed refers to the total number of…
Q: Financial Accounting
A: Step 1: Information providedBeginning assets (June 1) = $50,000Beginning liabilities (June 1) =…
Q: Given correct answer general Accounting question
A: Step 1: Define Owner's Equity and Net IncomeOwner's Equity: It represents the owner's claim on the…
Q: Please solve this question general accounting
A: Step 1: Definition of Receivables Turnover RatioThe receivables turnover ratio measures how…
Q: Give true solution for this general accounting question
A: To determine the factory overhead allocated per unit for fabric chairs using the single plant-wide…
Q: A firm has a return on equity of 22 percent. The total asset turnover is 2.9 and the profit margin…
A: Calculate the net income using the formula for Return on Equity (ROE):ROE=Net Income/Total Equity…
Q: How much must it charge per unit if 5000 units are sold ? General accounting
A: Step 1: Definition of Sales RevenueSales revenue is the total income generated from selling goods or…
Q: How much is the total materials variance??
A: Step 1: Definition of Total Materials VarianceThe total materials variance is the difference between…
Q: None
A: Step 1: Definition of Total Direct Materials Cost VarianceThe Total Direct Materials Cost Variance…
Q: Right Answer
A: To solve this break-even analysis problem, we use the following formula:Break-even units =Fixed…
Q: You believe the expected return on ABC is 16.20%, and that the variance of ABC's returns is 0.6400.…
A: Understanding the Coefficient of Variation (CV)The coefficient of variation (CV) is a statistical…
Need answer
Step by step
Solved in 2 steps
- What is the profit margin?You have the following data for a company. What is the return on assets (ROA)? Return on equity = 15%; Earnings before taxes = $150,000; Total asset turnover = 1.8; Profit margin = 10.5%; Tax rate = 30%.If Rooters, Inc., has an equity multiplier of 1.90, total asset turnover of 1.20, and a profit margin of 8 percent, what is its ROE?
- A firm has a ROE of 16.875%, asset turnover of 2.5, and an equity multiplier of 1.5. If the firm has sales revenue of $10,000, what is the net income?Calculate vintages return on equity and units?consider a company with ROE of 14.5% and a profit margin of 6.5%. if the total asset turnover is 1.8 what is the firm's debt equity ratio