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 Accounting

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A: Concept of Contribution MarginThe contribution margin is the amount remaining from sales revenue…

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

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A: (a) Calculate Gross Profit  Gross Profit is calculated using the formula:  Gross Profit=Sales−Cost…

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A: Step 1: Understanding the Gross Profit Percentage FormulaThe Gross Profit Percentage (GP%) is…

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A: Step 1: Formula Under variable costing, the fixed production costs are period costs. Only the…

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A: Step 1:The profit margin is the ratio of net income and sales; it is calculated by dividing the net…

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A: Concept of Stockholders' EquityStockholders' equity represents the ownership interest in a company…

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A: Assuming no Manufacturing Overheads, thus $0 is taken Part (a): Calculation of the Total…

Q: Use the following data: Nov. 30, 2011 Nov. 30, 2012 Nov. 30, 2013 Sales $ 35,00,000 $ 40,00,000 $…

A: Step 1: Definition of Gross ProfitGross profit is the difference between total sales revenue and the…

Q: What is the budgeted manufacturing fixed overhead rate?

A: Step 1: Definition of Budgeted Manufacturing Fixed Overhead RateThe Budgeted Manufacturing Fixed…

Q: hi expert please help me general accounting

A: To calculate Days' Sales in Receivables, we use the formula:   Days' Sales in Receivables=Net Sales…

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…

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A: The accounting equation states:  Assets=Liabilities+Equity Where equity consists of Contributed…

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A: Concept of Accounts ReceivableAccounts receivable refers to the money that a business is owed by its…

Q: Accurate answer

A: Explanation of Gross Profit: Gross profit is the difference between total sales revenue and the cost…

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

A: Explanation of Average Collection Period:Average Collection Period (ACP) measures the average number…

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A: Concept of Price-Sales RatioThe price-sales ratio (P/S ratio) is a financial metric that compares a…

Q: provide c0rrect answer general accounting

A: Step 1: Definition of Under- or Over-Applied Manufacturing OverheadUnder- or over-applied overhead…

Q: What was the overall fixed manufacturing overhead budget variance for the month?

A: Explanation of Fixed Overhead Budget Variance: Fixed overhead budget variance measures the…

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A: Step 1: Determine the monthly interest rate.5.5% / 12 months = 0.4583% Step 2: Interest for April =…

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A: To calculate how much of the $5,170 payment is applied to the principal, we need to first determine…

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A: Step 1: Define Manufacturing Overhead AllocationWhen the standard manufacturing overhead cost is…

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A: Concept of Total Manufacturing CostTotal Manufacturing Cost represents the total expenses incurred…

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A: Concept of Selling Price per UnitThe selling price per unit refers to the amount a company charges…

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A: Explanation of Manufacturing Overhead:Manufacturing overhead includes all indirect costs associated…

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A: Debt-Equity Ratio: This ratio measures the proportion of debt relative to equity. It is calculated…

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A: To determine the **net income**, we use the formula:Net Income=Total Revenue−Total ExpensesGiven…

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A: Concept of Stockholders' EquityThe Stockholders' Equity represents the owners' residual interest in…

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A: Step 1: Information givenDirect Materials = $16,100Direct Labor = $13,000Number of units = 1,450Step…

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A: Explanation of Net Income:Net income represents the company's profit after deducting all operating…

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A: Explanation of Predetermined Overhead Rate: The predetermined overhead rate is a cost allocation…

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A: Concept of Predetermined Overhead RateThe Predetermined Overhead Rate (POR) is a calculated rate…

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A: To calculate the after-tax income from the special project, follow these steps: 1. Determine the…

Q: What is the unit product cost under absorption costing?

A: To calculate the unit product cost under absorption costing, we need to include direct materials,…

Q: general accounting

A: Step 1: Definition of Cash Collected from CustomersCash collected from customers represents the…

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A: Step 1: Define ManufacturingWhen raw materials are changed into the finished product by the business…

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A: To determine the ending total asset balance, we use the asset turnover ratio formula: Asset Turnover…

Q: I want answer

A: Explanation of Contribution Margin (CM): Contribution margin is the difference between total sales…

Q: What is the direct materials price variance?

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

Q: None

A: Step 1: Definition of Projected Benefit Obligation (PBO)Projected Benefit Obligation (PBO)…

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A: Step 1: Formula Cost of goods sold = Beginning inventory + Net purchases - Ending inventory  Step 2:…

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A: My approach involved calculating the total revenue needed to cover fixed costs and achieve the…

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A: Given:Sales = 58,000ExpensesRent = 7,200Salary = 14,400Insurance = 840Depreciation = 900Total…

Q: What is the annual future cash flow for this investment on these financial accounting question?

A: Step 1: Define Annual Future Cash FlowAnnual future cash flow represents the expected cash inflows…

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A: To calculate the Enterprise Value (EV) of Crimson Tech Inc., we use the following formula:Enterprise…

Q: general accounting

A: Step 1: Definition of Days' Sales in ReceivablesThe days' sales in receivables, also known as the…

Q: Find Cost account answer

A: Standard costs are predetermined estimates of the costs of producing goods or services, and they are…

Q: Carter Industries has stockholders' equity of $350,000 and total liabilities of $215,000. What is…

A: Explanation of Stockholders' Equity: Stockholders' equity represents the owners' claim after all…