Alaska Industries had net income of $50,000, net sales of $350,000, and total assets of $250,000. What are Alaska Industries' profit margin and total asset turnover?
Q: ABC Corp has fixed costs of $200,000, and variable costs as a percentage of sales are 70%. If the…
A: Step 1: Definition of Required Sales for Target Net IncomeThe required sales level refers to the…
Q: Problem No. 1 On January 1, 2025, Manuel Cruz and Sherimae Diasalo agreed to form a partnership that…
A: Debit Cash P1,000,000 and Accounts Receivable P70,000. Credit Cruz, Capital P1,070,000. This entry…
Q: Step by step answer
A: Concept of Variable CostsVariable costs are expenses that change in direct proportion to the level…
Q: What is the company's operating margin
A: Gross profit = Net Sales*Gross profit marginGross profit = 12 billion * 60%Gross profit = $7.2…
Q: Need assi
A: 1. Understand the TerminologyDividend per share (DPS): The amount paid out to shareholders for each…
Q: ?!
A: Explanation of Return on Assets (ROA): Return on Assets is a financial ratio that indicates how…
Q: Please help me
A: Concept of Acquisition CostThe acquisition cost is the total amount a company pays to acquire…
Q: If data is unclear in image or image blurr then comment.
A: 1. Contribution Margin per Machine HourSelling Price per Unit = $55.00Variable Cost per Unit =…
Q: which one is OK ?
A: The correct answer is:a. Just-in-time Inventory Control.Explanation: Just in time (JIT) inventory…
Q: Suppose Harbor view Hotel has annual fixed costs applicable to its rooms of $2.5 million for its…
A: Concept of Fixed CostsFixed costs are business expenses that remain constant regardless of the level…
Q: Hi expert please give me answer general accounting question
A: Step 1: Definition of Period Costs Period costs are expenses that are not directly associated with…
Q: Equipment costing $15200 is purchased by paying $3800 cash and signing a note payable for the…
A: The company is purchasing equipment worth $15200. It is paying $3800 in cash and the remaining…
Q: Determine the standard direct materials cost
A: Explanation of Standard Direct Materials Cost: Standard direct materials cost represents the…
Q: Financial Accounting
A: Step 1: Define Net Operating Income (NOI)Net Operating Income (NOI) is calculated as the difference…
Q: Can you please help me by providing clear neat organized answers. Thank you!
A: Step 1:Condensed Income statements are the summary of the income statement in which each account is…
Q: Mercury Corp. has no debt outstanding and a total market value of $350,000. Earnings before interest…
A: To calculate the return on equity (ROE) under each economic scenario before any debt is issued, we…
Q: Give me answer please
A: Approach to solving the question:Freeform Detailed explanation: Operating leverage tells us how much…
Q: Need help
A: Explanation of Work in Process Inventory:Work in Process (WIP) inventory consists of units that have…
Q: need help this question
A: 2. PEG (Price/Earnings to Growth) Ratio:The PEG ratio adjusts the P/E ratio for the growth rate and…
Q: Techie Gear sells smartphones. In June 2022, it sold 500 smartphones at an average price of $800…
A: Step 1: Definition of Sales Price Variance & Sales Volume VarianceSales Price VarianceSales…
Q: Choice???
A: Let's calculate the Price-to-Earnings (P/E) ratio and Market-to-Book (M/B) ratio using the given…
Q: Please provide correct answer general accounting question
A: Step 1: Define Sales Price VarianceSales Price Variance measures the impact of a difference between…
Q: Please see an attachment for details general accounting question
A: Step 1: Define After-Tax ReturnThe After-Tax Return is the actual return an investor receives after…
Q: Compute the fixed overhead volume variance
A: Explanation of Fixed Overhead Rate:The fixed overhead rate is the predetermined cost assigned to…
Q: Blue Wave Enterprises had revenues of $420,000, expenses of $275,000, and dividends of $60,000. When…
A: Explanation of Retained Earnings: Retained earnings represents the cumulative net income of a…
Q: What is the direct labor efficiency variance?
A: Step 1: Definition of Direct Labor Efficiency VarianceDirect labor efficiency variance measures the…
Q: Do fast answer of this accounting questions
A: Calculation of Material Price VarianceMaterials Price Variance = (Standard Price - Actual Price) ×…
Q: Falcon Corp. data for the year 2021 is presented below: . Credit sales during the year: $4,500,000 •…
A: Step 1: Recall the formula for the net realizable value of accounts receivable.= gross accounts…
Q: Home Insert Share Formulas Data Review View Help Draw 910 " Calibri (Body) 11 AABU DAVA = Wrap Merge…
A: Consolidation Worksheet Adjustments for QuickPort and NetSpeed (Assuming QuickPort owns 100% of…
Q: Provide Financial Account Solution
A: Step 1: Definition of Cash Flows from Operating ActivitiesCash flows from operating activities…
Q: Financial Accounting Question get correct answer
A: Step 1: Definition of Cash Conversion CycleThe cash conversion cycle (CCC) is the time required for…
Q: can you help me with this General accounting question
A: Step 1: Define Sustainable Growth Rate (SGR)The Sustainable Growth Rate (SGR) represents the maximum…
Q: Hello tutor please provide correct answer of this general accounting question
A: Step 1: Define Operating Cash Flow (OCF)Operating Cash Flow (OCF) is the cash generated from a…
Q: correct solution i need
A: Okay, let's tackle these two problems step by step. Starting with the first one about Charlotte…
Q: What is Hamilton's gross profit percentage?
A: Step 1: Determine the gross profit.= net sales - cost of goods sold= 190,000 - 97,000= 93,000 Step…
Q: What is the depreciation cost
A: Explanation of Depreciable Cost:The Depreciable Cost of an asset is the portion of its total cost…
Q: Hi expert please given correct answer with accounting question
A: To compute the total return percentage, use the formula: Total Return(%)=(Initial PriceCapital…
Q: i need correct answer accounting question
A: Calculate the profit:Profit = Amount collected - Purchase priceProfit = $335,000 - $320,000 =…
Q: Quick answer
A: Here is the step-by-step solution for computing the Price-to-Earnings (P/E) ratio and the…
Q: A company reports total liabilities of $2,100 and stockholders' equity of $1,600. What is the amount…
A: Explanation of Total Assets:Total assets represent all the economic resources owned by a company…
Q: Everett Corporation started the year with long-term debt of $85,000, which represents the principal…
A: To determine the value of the ending long-term debt, we follow these steps:1. Starting long-term…
Q: Define research methodology in the context of accounting theory and discuss theimportance of…
A: Definition of Research Methodology in Accounting TheoryResearch methodology in accounting theory…
Q: Not use ai solution please
A: Step 1: Definition of Net IncomeNet Income is the company's total earnings after deducting all…
Q: Hii expert please provide answer general accounting question
A: Step 1: Define NOPAT (Net Operating Profit After Taxes)NOPAT represents the company's operating…
Q: Accounting answer
A: Step 1: Definition of ROA and ROEReturn on Assets (ROA) measures how efficiently a company utilizes…
Q: Need answer
A: Step 1:First, calculate the average assets of Grouper for 2017: Average assets = (Total assets 2016…
Q: ???!!
A: The standard overhead rate is determined using the estimated overhead cost and the estimated direct…
Q: What is the total period cost?
A: Step 1: DefinitionsConcept of Period Costs - Period costs are expenses that are not directly tied to…
Q: Financial Accounting Question
A: Step 1: Definition of Share PriceThe Share Price of a company is determined by dividing the…
Q: What is the return on investment of this financial accounting question?
A: Step 1:The return on investment shows the percentage of operating income generated by using the…
Whar are the profit margin and total asset turnover of this accounting question?
Step by step
Solved in 2 steps
- What is the company's gross profit??Chamberlain & Co. has income from operations of $232,800, invested assets of $970,000, and sales of $3,880,000. Use the Dupont formula to compute the return on investment and show a) the profit margin b) the investment turnover, and c) the return on investment.Calculate the sales margin, asset turnover, and ROA for the companies below: Average Capital Assets Company A B Net Income Sales 350,000 5,500,000 12,000,000 .06 845,000 9,350,000 13,500,000 Sales Margin 1 Asset Turnover 2.9 1.44 Note: Please write the sales Margin and ROI as a percentage or as a decimal rounded to two places behind the decimal point. ROI 6,500,000 4,150,000
- What is the net income of this firm??Local Co. has sales of $10.3 million and cost of sales of $6.1 million. Its selling, general and administrative expenses are $460000 and its research and development is $1.1 million. It has annual depreciation charges of $1.1 million and a tax rate of 25% . a. What is Local's gross margin? b. What is Local's operating margin? c. What is Local's net profit margin? d. If Local Co. had an increase in selling expenses of $270000, how would that affect each of its margins?What is the net income?