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

Q: General accounting question

A: Step 1: Define Direct Labor Cost Budget estimates the total labor expenses incurred for production.…

Q: Solve this financial accounting problem

A: Step 1: Introduction to stockholders' equityStockholders' equity refers to the residual value of the…

Q: Solve this financial accounting problem

A: Step 1: Calculation of total common stock issuedTotal common stock issued = Number of shares issued…

Q: Sub. General Account

A: Step 1: Definition of Direct Materials Efficiency (Quantity) VarianceThe direct materials efficiency…

Q: Mala Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the…

A: Concept of Predetermined Overhead RateThe predetermined overhead rate is a cost allocation method…

Q: Mala Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the…

A: Step 1: Introduction factory overheadFactory overheads are defined as indirect costs that are not…

Q: Ans please

A: A. Raw Materials Purchase Price VarianceThis variance measures how much the actual cost of raw…

Q: Sunny Industries reports its accounts receivable on the balance sheet. The gross receivable balance…

A: Explanation of Accounts Receivable: Accounts receivable represents the money owed to a company by…

Q: what will be its return on equity? general accounting

A: Provided Variables:EBIT = $1,296,000Interest Expense = $396,000Sales = $12,000,000Total Asset…

Q: need help this questions

A: Step 1: Definition of Standard CostingStandard costing is a cost control method used to estimate and…

Q: Acp Distributors purchased a cooling system for its storage warehouse at a cost of $92,500. The…

A: Detailed explanation:Given:Cost of Cooling System $ 92500Residual Value $ 7000Estimated Useful Life…

Q: What is the direct materials price variance?

A: Step 1: Definition of Direct Materials Price VarianceThe Direct Materials Price Variance measures…

Q: Provide answer

A: Step 1: Define Manufacturing CostsThe total manufacturing costs of a job usually consist of direct…

Q: Need answer the general accounting question

A: Step 1:Return on equity (ROE) is the ratio of net income to the owner's equity. It can be calculated…

Q: Calculate the amount of gross profit

A: Explanation of Perpetual Inventory System: A perpetual inventory system continuously tracks…

Q: What is the effect on net income?

A: Compute the tax on discontinued operation gain.Tax on discontinued operation gain = Operation gain x…

Q: General accounting question

A: Step 1: Method of comparablesAccording to comparables method, expected stock price is computed using…

Q: What are the company's fixed expenses?

A: Explanation of Contribution Margin Ratio: The contribution margin ratio is the percentage of each…

Q: provide correct answer general accounting

A: Step 1: Definition of Job Order Costing SystemA job order costing system is used by businesses that…

Q: Need answer

A: Step 1: Calculate the earnings per share (EPS) using the P/E ratioP/E ratio = Market value per share…

Q: VR Corporation makes a product whose direct labor standard are 1.3 hours per unit and $14 per hour.…

A: Concept of Standard Direct Labor CostStandard Direct Labor Cost represents the estimated or…

Q: Your plant produces 134 snowmobiles per month. Direct costs are $2,540 per snowmobile. The monthly…

A: Step 1:First, calculate the overhead cost per snowmobile: Overhead cost per snowmobile = Monthly…

Q: General Accounting

A: Step 1: Define Receivables Turnover RatioThe Receivables Turnover Ratio measures how efficiently a…

Q: Need answer

A: Step 1: Given Value for Calculation Current Year Net Income = cni = $90Current Year Total Assets =…

Q: What are the direct materials price variance?

A: Step 1: Define Materials VarianceA firm's total materials cost variance can be bifurcated into…

Q: need help this questions

A: Step 1: Definition of Stockholders' EquityStockholders' equity represents the residual interest in…

Q: How much gross profit was realized from this sale ?

A: Step 1: Definition of Gross ProfitThe profit made after the deduction of production and selling cost…

Q: Ans. General Account

A: Step 1: Definition of Gross Profit PercentageThe gross profit percentage (gross margin) measures the…

Q: Provide answer

A: Explanation of Revenue: Revenue represents the total amount of money earned by Cat Enterprises from…

Q: Cullen Beatty plans to start a consulting business-Cullen Consulting Services. In preparation to do…

A: Step 1:The balance sheet is a financial account used to show the company's final position at the…

Q: What will its net income be?

A: Explanation of Net Income:Net income is the final profit a company earns after subtracting all…

Q: What are its after tax earnings? Accounting

A: Calculation of InterestInterest = Loan Amount x Coupon Rate              = $2,000 x 8%…

Q: The Bubba Company uses the gross profit method to estimate inventory and cost of goods sold for…

A: Step 1: Understanding the Gross Profit MethodThe gross profit method estimates ending inventory…

Q: What should the unit price is?

A: The question requires the selling price per unit to achieve a desired profit. A "selling price with…

Q: Answer this MCQ

A: Step 1: We calculate the tax on the discontinued operation gain.Tax = Discontinued operation gain x…

Q: Financial Accounting Question

A: Step 1: Define Return on Common Stockholders' Equity (ROE)Return on Common Stockholders' Equity…

Q: Can you please solve this general accounting problem?

A: Step 1: Define Operating IncomeOperating Income is a company's profit from core business operations,…

Q: hello teacher please solve questions

A: Step 1: Definition of High-Low MethodThe high-low method is a cost estimation technique used to…

Q: Under variable costing,total period costs are

A: Explanation of Variable Costing:Variable costing is a costing method where only variable production…

Q: Windsor Manufacturing planned to use $90 of material per unit but actually used $88 of material per…

A: Explanation of Sales Volume Variance: This measures the difference between actual and budgeted sales…

Q: What was the amount of net income for the year?

A: Explanation of Net Income:Net income is the amount of profit a company earns after deducting all its…

Q: ??

A: Step 1:First, calculate the variable direct labor cost per machine hour: Variable direct labor cost…

Q: Find out the value of goodwill

A: Explanation of Goodwill:Goodwill is an intangible asset that represents the excess value of a…

Q: accounting question

A: Step 1: DefinitionUtilization measures how effectively a system uses its design capacity and is…

Q: What are the direct materials price variance

A: Concept of Standard PriceThe standard price refers to the predetermined or budgeted cost of direct…

Q: What is siftons assets turnover for 2015?

A: Step 1: Define Return on AssetsThe assets deployed on the production of finished goods (plant,…

Q: What are its after tax earnings? General accounting question

A: To calculate after-tax earnings (Net Income), we follow these steps:  Identify Given Data EBIT…

Q: Hendrix Corporation had annual sales of $75 million, which occurred evenly throughout the 365 days…

A: Step 1: Formula Days Sales Outstanding = Average accounts receivable/Net credit sales x 365 days…

Q: Give me Answer

A: The question asks you to calculate the total number of cleaning supply units that Silver Star Cinema…

Q: What is the capital gain yield? General accounting

A: The capital gains yield can be calculated using the dividend discount model (DDM) for a stock with…