Acme Inc. has Liabilities of $64,048 and Stockholders' Equity of $67,378. What is the value of Assets?
Q: Calculate return on equity on these general accounting question
A: To calculate the Return on Equity (ROE), we use the formula:ROE = Net Income /…
Q: Need help with this accounting question
A: Step 1: Define EquityEquity represents the residual interest in the assets of a company after…
Q: Kindly help me with accounting questions
A: Step 1: Definition of P/E RatioThe Price-to-Earnings (P/E) Ratio is a valuation metric that measures…
Q: Give me Answer
A: Approach to solving the question:Freeform Detailed explanation: To calculate the net profit for the…
Q: MCQ
A: Concept of Intangible Assets:Intangible assets are non-physical resources that provide long-term…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Total AssetsTotal assets are the resources owned by a company and are equal to…
Q: Hello tutor provide solution this general accounting question
A: Step 1: Define Return on Equity (ROE)Return on Equity (ROE) is a financial performance metric that…
Q: Solve this question general Accounting
A: Step 1: Define Gross MarginThe gross profit of a company can be calculated by detecting the cost of…
Q: What is the monthly cost for 38 minutes of calls? General accounting
A: Step 1: Define Mixed CostsMixed costs are those costs that have features of both fixed costs and…
Q: General accounting
A: Step 1: Definition of Straight-Line DepreciationStraight-line depreciation is a method of allocating…
Q: Units the price is ?????
A:
Q: Do fast answer of this accounting questions
A: Step 1: Define Full Costing MethodFull costing or the Absorption costing is a method in which all…
Q: Apex Foods Ltd. had 2020 net loss of... Please answer the accounting question
A: Step 1: Define Profit MarginProfit margin measures the percentage of sales revenue that translates…
Q: Calculate the contribution margin per unit, in total, and as a ratio.
A: Step 1: Key InformationSelling Price per Unit: $90Variable Cost per Unit: $50Fixed Costs: $2,500 per…
Q: Can you please answer this accounting question?
A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) measures how…
Q: Subject: Financial Accounting A company has the following information: 1) Net sales: $2,54,000 2)…
A: Step 1: Formula Earnings per share = Net income/Outstanding shares Step 2: Net income Net income =…
Q: Hi teacher please help me this question general accounting
A: Step 1: Define Gross MarginIn accounting, the gross margin indicates the difference between the…
Q: How much is Stephen's disposable income?? General accounting
A: Step 1: Define PayrollWhen an employee is hired by a company, the company is required by law to make…
Q: What is ROA?
A: We are required to compute for the return on assets.Return on assets (ROA) is a profitability ratio…
Q: Which of the following account
A: Explanation: In accounting, there are three types of accounts - Real accounts; Personal accounts;…
Q: Willis Company had an operating profit of $75,000 using variable costing and an operating profit of…
A: The difference between operating profit under variable costing and absorption costing arises because…
Q: What is net income under absorption costing???
A: Detailed explanation:Net Income using Variable Costing $ 908,000Less Change in Inventory :…
Q: All of the following describe a liability except _.
A: a. Investments by ownersInvestment by owners relate to equity rather than liabilities. These are the…
Q: Solve degree of operating leverage accounting questions
A: Step 1: Definition of Degree of Operating LeverageThe degree of operating leverage (DOL) measures…
Q: Which of the following is a current liability? (a) Notes Payable (due in 2 years) (b) Bonds Payable…
A: Option a: This option is incorrect because Notes Payable (due in 2 years) is not a current liability…
Q: I need this question answer general Accounting
A: Step 1: Define Gross ProfitThe gross profit is explained in accounting and finance as the income a…
Q: General accounting
A: Given Information:Sales Price (per unit): $127Manufacturing Costs:Fixed Overhead (monthly):…
Q: What is the profit margin ratio?
A: The question requires the determination of the profit margin ratio.Profit margin is a common measure…
Q: 2. Financial Accounting: On January 1, a company lends a corporate customer $178,000 at 7.25%…
A: Explanation of Interest Revenue:Interest revenue is the income earned from lending money or other…
Q: Provide This general account answer.
A: To determine the level of volume (output) where the firm would prefer Process B to Process A, we…
Q: What would be the cash from operating activities on these general accounting question?
A: Step 1: Define Cash from Operating ActivitiesCash from operating activities is calculated using the…
Q: Calculate operating cash flow accounting questions
A: Step 1: Definition of Operating Cash Flow (OCF)Operating Cash Flow (OCF) is the cash generated from…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Factory OverheadsFactory Overheads are indirect costs incurred during…
Q: What is the total stockholder's equity for this general accounting question?
A: Step 1: Calculate Total Assets Step 2: Calculate Total Liabilities Step 3: Calculate Stockholders'…
Q: Provide answer general Accounting question
A: Step 1: Define Return on equityThe return on equity is a method used to determine a firm's equity…
Q: Calculate the answer of the Problem
A: Calculation of Gross ProfitGross Profit = Net Sales - Cost of goods sold =…
Q: Hii tutor please answer me this financial accounting question
A: Explanation of Debt-to-Equity Ratio:The debt-to-equity ratio is a fundamental financial metric that…
Q: Please need help with this accounting problem
A: Step 1: Define Key RatiosProfit Margin is the ratio of net income to sales. It measures how much…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Days Sales in Receivables (DSR)Days Sales in Receivables (DSR) measures how…
Q: Please solve this accounting problem
A: Step 1: Define Bond Issuance and Interest PaymentA bond issuance refers to the process by which a…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Gross ProfitGross profit is the difference between the selling price and the…
Q: Marlow Company produces hand tools. The production budget for the next four months is as follows:…
A: Explanation: In the given case, we are required to calculate the ending inventory for the month of…
Q: What were the liabilities at December 31 on these general accounting question?
A: Step 1: Define LiabilitiesLiabilities are obligations or debts that a company owes to external…
Q: The status and garden decorations in the warehouse belonging to Woodman's Flowers and Gift are…
A: The correct answer is:d. Assets. Detailed Explanation:The statues and garden decorations in the…
Q: Calculate the return on assets for the period
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a financial ratio that…
Q: If a company has sales revenue of $120,000, cost of goods sold of $70,000, and operating expenses of…
A: Concept of Sales Revenue:Sales revenue refers to the total amount of money a company earns from…
Q: Accounting Problem: The markup on a new diamond ring should be 28% based on the selling price. If…
A: Step 1: Selling price = Cost/Cost ratioSelling price = Cost/(Sales ratio - Markup ratio) Step 2:…
Q: Office Mart has assets equal to dollar 123,000 and liabilities equal to dollar 53,000 at year-end.…
A: To calculate the total equity of Office Mart at year-end, you can use the accounting equation:Assets…
Q: Which of the following is false? a. A company can have a transaction that affects only the left side…
A: The correct answer is:b. In each accounting transaction, total debits to assets must be equal to…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Direct Labor Efficiency VarianceThe Direct Labor Efficiency Variance measures…
Answer? ? General Accounting question
Step by step
Solved in 2 steps
- What is the value of total assets?What is the amount of the net fixed assets on these general accounting question?Scare Train, Inc. has the following balance sheet statement items: current liabilities of $779,470; net fixed and other assets of $1,329,896; total assets of $3,237,746; and long-term debt of $621,991. What is the amount of the firm's net working capital?
- If total liabilities amount to P400,000 which 1⁄3 of the total assets, what is the amount of the residual interest of the business?A company has $1343 in inventory, $4782 in net fixed assets, $634 in account receivable, $278 in cash, and $586 in accounts payable and $5377 in equity. What are the company's long term debt?ABC has the following current assets: cash, $102 million; receivables, $94 million; inventory, $182 million; other current assets, $18 million. ABC also has the following liabilities: accounts payable, $98 million; long-term debt, $23 million. Based on these amounts, what is the acid-test ratio ? Numeric Response:?????????
- Calculate the following for Co. XYZ: a. Current ratio b. Debt ratio Assets: Cash and marketable securities $400,000 Accounts receivable 1,415,000 Inventories 1,847,500 Prepaid expenses 24,000 Total current assets $3,686,500 Fixed assets 2,800,000 Less: accumulated depreciation 1,087,500 Net fixed assets $1,712,500 Total assets $5,399,000 Liabilities: Accounts payable $600,000 Notes payable 875,000 Accrued taxes Total current liabilities $1,567,000 Long-term debt 900,000 Owner's equity Total liabilities and owner's equity Co. XYZ Income Statement: Net sales (all credit) $6,375,000 Less: Cost of goods sold 4,375,000 Selling and administrative expense 1,000,500 Depreciation expense 135,000 Interest expense Earnings before taxes $765,000 Income taxes Net income Common stock dividends $230,000 Change in retained earningsSelected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne EnterprisesCurrent assets:Cash and cash equivalents $ 2,494 $ 541Current investments 125Net receivables 1,395 217Inventory 10,710 8,600Other current assets 773 301Total current assets $15,372 $9,784Current liabilitiesCurrent debt $ 1,321 $ 47Accounts payable 8,871 5,327Other current liabilities 1,270 2,334Total current…Southern Style Realty has total assets of $485,390, net fixed assets of $250,000, current liabilities of $23,456, and long-term liabilities of $148,000. What is the total debt ratio? Can you provide the formula?