Ahmad is an entrepreneur and owner of the company. He thinks whether should he continue his activity and hired you as an analyst in order to carry out a general business analysis. He gave you the general data of from his draftbook: Initial capital 550000 AZN. Salaries for hired employees 11000 AZN. Rented office for company 2000 AZN. Communal services 1000 AZN. Goods obtained 110000 AZN. Sales were 70% of inventory with Trade surcharge of 45 %. 40% of cash were received. Profit Tax 20%. All expenses were paid. write income statement
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Part 2: Explanation:Step 1: Determine Matthew's maximum contribution to his 401(k) account:Matthew's…
Q: provide answer all of three
A: 1. To find the gain or loss on disposal of the fixed asset, we first need to calculate the book…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: Step 1: Purchase and Sale of Treasury Stocka. Purchase: 87,500 shares bought back at $8 per share…
Q: Domestic
A: Step 1: To prepare the statement of cash flows for Weaver Company, we'll use the indirect method.…
Q: Manji
A: Answer well explained above
Q: Coconuts N More produces two joint products, Coconut Milk and Coconut Meat. The company uses the…
A: Allocation of Joint Cost In the production process, when 2 products are produced, the joint cost is…
Q: Please do not give solution in image format thanku
A: The objective of the question is to calculate the cash flow from operations for Company A using the…
Q: 2 0/1 point Operating profit is £1,000,000, Interest if £50,000, Tax is £100,000, Preference…
A: Approach to solving the question:1. Identify the components affecting earnings: Operating profit,…
Q: termining Net Income from Net Cash Flow from Operating Activities Determining net income from net…
A: Step 1:Computation of the total adjustments to convert net income to a cash basis:Adjustments to…
Q: please fill out the table
A: The analysis for Stone Incorporated's first production department is correct. Here's a breakdown of…
Q: Manji
A: Approach to solving the question: Identify Relevant Information:Begin by identifying the key…
Q: Last year, Janet had a taxable income of $54,000 from her salary and investment assets. She owns 3…
A: Step 1: Calculate the effect of this year's passive activities on Janet's incomePassive Activity 1…
Q: am.111..
A: Recording compensation expense for performance-based stock options involves several considerations.…
Q: A U.S. corporation owning 100 percent of a Dutch corporation will be eligible for a foreign tax…
A: The objective of the question is to determine whether a U.S. corporation that owns 100 percent of a…
Q: The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of…
A: Parks Construction Inc. - Stockholders' Equity Transactions (with Debits and Credits) a. Issuance of…
Q: Discussion Question: The average tax rate is calculated by dividing the total tax payable by the…
A: ii. Explanation of how depreciation acts as a tax shield:Depreciation is a crucial accounting…
Q: Data table Cost of the machine Increased annual contribution margin Life of the machine Required…
A: In the above answer, the net present value (NPV) calculation indicates a positive value of…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Interest accrued refers to the interest that has been incurred on a loan or other financial…
Q: Give it correctly please and typed
A: Apportioning Service Department Costs with Detailed ExplanationUnderstanding the Problem:Imagine a…
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: 1. Prepare a schedule of cash payments for Jan-Mar. Read the problem carefully and take note of the…
Q: Alpesh
A: Step 1: Direct materials price variance Direct materials price variance = (AQ x AP) - (AQ x…
Q: On October 26, you plan to purchase a $1,500 computer by using one of your two credit cards. The…
A: Here are some additional points to consider:The Silver Card charges interest based on the entire…
Q: During 2023, Jill, age 39, participated in a 401k plan which provides for maximum employee…
A: The objective of the question is to calculate the maximum tax-deferred contribution that Jill can…
Q: Gordon Corporation adopts acceptable accounting for its defined benefit pension plan on January 1,…
A: Information Needed:Discount rate (assumed): This is typically close to the settlement rate but can…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Step 1: Sales value at split-off point Sales Value:A = $29/pound x 14,800 pounds = $429,200B =…
Q: As the chief financial officer of Adirondack Designs, you have the following information: Next…
A: a. Calculate Total funds raised from selling new shares:Total funds raised = 1.3 million shares *…
Q: Provide Answer with calculation
A: Step 1: As per given data, the total Assets for the year ended December 31, 2011 are calculated as…
Q: During 2023, Pencho is a self-employed therapist, and his net earned income is $170,000 from his…
A: Step 1: Calculate Deduction for Self-Employment TaxPencho must pay self-employment tax on his net…
Q: Format of a cash receipt journal
A: The objective of the question is to understand how to format a Cash Receipts Journal (CRJ) for Mr.…
Q: am. 115.
A: Step 1: Step 2: Step 3: Step 4:
Q: Standard Product CostsDeerfield Company manufactures product M in its factory. Production of M…
A: Given information, Quantity of pounds required per unit = 2 Cost per pound = $12Number of direct…
Q: None
A: When a company borrows money, it incurs interest expense on the borrowed amount. Interest expense…
Q: Jack Ltd is a market leader in the manufacture of apple juice. They operate a reorder level system…
A: Finally, on the inventory management of green apples at Jack Ltd.: The reorder level, which…
Q: Skywalker Ltd uses a periodic inventory system to track its droid inventory. The following…
A: The objective of the question is to calculate the gross profit, ending inventory, cost of goods…
Q: Wildhorse Company is considering a long-term investment project called ZIP. ZIP will require an…
A: Part 2: ExplanationStep 1: Calculate the net cash flows for each year. Year 1: Cash inflow =…
Q: "In the realm of accounting and taxation, which critical process involves the meticulous…
A: The Correct option is : c) Tax planning and compliance Tax planning and compliance is a critical…
Q: Provide Correct Answer without AI
A: Step 1: About Recording an Asset Disposal:The journal entry to recognize the disposal of a long-term…
Q: The dollar amounts in the last three columns are the taxes owed under the three different tax…
A: To determine which of the three tax systems is regressive, we need to understand the concept of…
Q:
A: Part 2: Explanation:1. Value of the Company:Step 1: Calculate the terminal value (Vt) using the…
Q: Am. 122.
A: The objective of the question is to prepare a production budget for Funny Face Company for the year…
Q: The Sweete Shoppe produces a variety of sweet treats. Several treats can be sold at split-off or…
A: To find the net increase or decrease in profits of processing Caramel Chip further, we need to…
Q: Please correct answer and don't use hend raiting and step by step solutions
A: To find the price of a call option with the same exercise price, we can use put-call parity, which…
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Jake's Roof Repair Activity Variances For the month ended May 31 Particulars Working Planning…
Q: ! Required information Problem 10-10AB (Algo) Effective Interest: Amortization of bond LO P5 [The…
A: ( If you have any queries please feel free to ask me). Thank you.
Q: Which of the following is least likely to be a continuous activity that an auditor would be expected…
A: The objective of the question is to identify which of the given activities is least likely to be…
Q: An employee works 51 hours (51 - 40 were overtime hours) during a workweek in December of 2023. He…
A: The objective of the question is to calculate the taxable income for federal income tax withholding,…
Q: Give me step by step solution and explanation..
A: Given that:Alexa uses the condo for 8 personal daysAlexa rented out the condo for 179 daysProperty…
Q: provide correct answer
A: Given information, Net credit sales = $1,100,800Cost of goods sold = $712,000Beginning net accounts…
Q: Through the classifieds of the Miami Herald Rhonda Brennan found her first job after graduating from…
A: To calculate Rhonda's take-home pay for her first check, we need to determine her gross pay,…
Q: Required information [The following information applies to the questions displayed below.] The…
A: Journal Entries for Sun County Tax Custodial FundTransaction 1: Record Current-Year Tax LeviesThis…
Step by step
Solved in 2 steps
- Ramsworth Ltd. is a wholesale business and you have recently been employed within the position of a credit-based controller within the company. You have just obtained a summary of Ramsworth Ltd’s most recent draft income statement and statement of financial position as follows: Income statement for the year ended 31 December 2020 £000 Sales Revenue 8,649 Cost of Sales (5,106) Gross Profit 3,543 Other Operating Expenses (998) Operating Profit 2,545 Interest (265) Profit before Taxation 2,280 Taxation (570) Profit for the year 1,710 Statement of Financial Position as at 31 December 2020 £000 Non-current assets at cost 6,284 Accumulated depreciation (2,943) 3,341 Current assets Inventories 2,648 Trade receivables 1,428 4,076 Total assets Equity 7,417 Ordinary share capital 2,100 Revenue reserves 2,384 4,484…Assume that you are purchasing an investment and have decided to invest in a company in the digital phone business. You have narrowed the choice to Digitized Corp. and Very Network, Inc. and have assembled the following data. LOADING... (Click to view the income statement data.) Data Table Selected income statement data for the current year: Digitized Very Network Net Sales Revenue (all on credit) $418,290 $494,940 Cost of Goods Sold 210,000 256,000 Interest Expense 0 15,000 Net Income 62,000 70,000 (Click to view the balance sheet and market price data.) Data Table Selected balance sheet and market price data at the end of the current year: Digitized Very Network Current Assets: Cash $24,000 $21,000 Short-term Investments 42,000 19,000 Accounts Receivables, Net 36,000 46,000 Merchandise Inventory 67,000 98,000 Prepaid Expenses 22,000 18,000 Total…A certain company is offered for sale, You expressed interest in buying the firm. A document showing that the company made a profit P 20,000,000 in the previous year was handed to you. If you have the money, will you now make a decision? Explain your answer.
- Kate is considering expanding and bringing in several employees. To do this she will need a larger facility and to purchase more equipment. Which means additional financing. Answer this: look at the financial statements as if you were a banker considering her for a loan comment on your findings and use calculations to support your answer.Rick's ROA?You are the new CFO of Risk Surfing Ltd, which has current assets of $ 7 920, net fixed assets of $17 700, current liabilities of $4 580 and long term debts of $5 890. Required:a.Calculate owners’ equity and build a balance sheet for the company? b.How much is net working capital of the company? c.Calculate the return on assets of the company given that Return on Equity is 30%? d.What is the PE of the company if total number of ordinary sharesoutstanding is 2000 and market price of each share is $12?
- Charles Schwab Corporation (SCHW) is one of the more innovative brokerage and financial service companies in the United States. The company recently provided information about its major business segments as follows (in millions): InvestorServices AdvisorServices Revenues $5,411 $2,067 Operating income 2,031 962 Depreciation 180 54 Investor Services(in millions) Advisor Services(in millions) Estimated contribution margin 2211 1016 d. If Schwab decided to sell its “Advisor Services” accounts to another company, estimate how much operating income would decline under the following assumptions. Assume the fixed costs that serve Advisor investors would not be sold but would be used by the other sector: ____________ Assume the fixed assets were “sold”: ________________Calculate the gross profit of a company?Please give me answer
- Suppose that Ken-Z Art Gallery has annual sales... Please need solution this accounting questionCalculate Total Net Assets(Total Assets) Extract of Balance sheet items as at 31 December 2020 OR Equipment 20000 Goodwill 4500 Creditors 1000 Land 35000 Account 3500 receivables Сapital 11500 Closing Stock 15000 3000 MC Loan Bank overdraft 3200 Cash 2500 Mortagage loan 7500 Machinery 1650 Trade payables 5700 Accumulated Depreciation (Equipment) 1000 Short term Investments 2200 Trade marks 6000 Drawings 1000 Retained Earnings 9150 Prepaid Expenses 2300Rick’s Travel Service has asked you to help piece together financial information on the firm for the most current year. Managers give you the following information: sales are $7.5 million, total debt is $3.00 million, debt ratio is 55 percent, and ROE is 17.2 percent. Using the above information, calculate Rick’s ROA. (Round your answer to 2 decimal places.) ROA _________ %