Apex Corporation aims to achieve a gross profit margin of 42%. If projected net sales for 2026 are $9.5 million, how much gross profit will be necessary? A) $3.99 million B) $4.2 million C) $3.5 million D) $5.51 million
Q: What is the total cost of work in process
A: The total cost of work in process for the year is also the total cost of goods put into…
Q: provide answer
A: The DuPont formula for Return on Equity (ROE) is: ROE=Net Profit Margin×Total Asset…
Q: What is the total value of its inventory and prepaid expenses for this financial accounting…
A: Step 1: Define Quick RatioThe Quick Ratio, also known as the Acid-Test Ratio, is a liquidity ratio…
Q: need correct ans ?Financial Accounting
A: Step 1: Define Net IncomeNet Income is the total earnings of a company after considering revenues,…
Q: Solve this General accounting problem
A: Explanation of Return on Assets (ROA):The Return on Assets (ROA) is a financial ratio that measures…
Q: Provide correct answer this financial accounting question not use ai
A: Step 1: Define Gross ProfitGross profit represents the difference between sales revenue and the cost…
Q: ?? Problem
A: Question 1: Integrated Control FrameworksThe question asks what distinguishes integrated control…
Q: Answer? ? Financial accounting question
A: Step 1: Calculation of capital gain per shareCapital gain per share = Current price - Purchase…
Q: Compute the production cost per unit?
A: Explanation of Absorption Costing: Absorption costing is a product costing method that assigns all…
Q: Please help me with of this question answer general accounting
A: Step 1: Define Avoidable CostsAvoidable costs are expenses that can be eliminated if a particular…
Q: Don't use ai solution given correct answer general accounting question
A: Step 1: Define Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL) measures a…
Q: Please give solution
A: Question 1: Cross-Dimensional Analysis vs. Single-Focus ReviewCorrect Answer: a) Interrelated…
Q: Calculate the earnings per share for the year on these financial accounting question
A: Step 1: Define Earnings Per Share (EPS)Earnings Per Share (EPS) is a key financial metric that…
Q: Give me Ans financial accounting question
A: Step 1:The accrued interest is the amount that is due but not yet paid or received. In the given…
Q: What is the real risk free rate of this financial accounting question?
A: Step 1: Definition of Real Risk-Free RateThe Real Risk-Free Rate (RRFR) is the return on an…
Q: Doverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the…
A: Concept of Total Asset TurnoverTotal asset turnover is a financial ratio that measures a company's…
Q: I want to this question answer financial accounting
A: Step 1: Define Applied Manufacturing OverheadApplied Manufacturing Overhead is the estimated…
Q: financial account
A: To find Everest Corp.'s debt-equity ratio, we use the DuPont Identity, which breaks down Return on…
Q: Crawford Industries
A: Concept of High-Low Method: The high-low method is a cost estimation technique that uses the highest…
Q: Can you help me with general accounting questions
A: Step 1: Define Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the total cost incurred…
Q: I don't need ai answer general accounting question
A: Step 1:First calculate the total cost to produce and sell 8,000 skies: Formula table: Result of the…
Q: Sub. General accounting
A: Step 1: Definition of Return on Assets (ROA)The Return on Assets (ROA) is a financial metric that…
Q: A company produces a single product, with a selling price of $12 and a variable cost of $7. Fixed…
A: Explanation of Break-Even and Target Profit Analysis:Break-even and target profit analysis is a…
Q: Financial accounting 2
A: Step 1: Price-to-Earnings (P/E) Ratio formula.P/E = stock price / earnings per share Step 2:…
Q: hello teacher please solve questions
A: Total Revenue − Total Cost = Profit Where:Total Revenue = Selling Price per Unit × Number of Units…
Q: Simba Inc. has a price-to-earnings (P/E) ratio of 15.3-to-1. Glendale Corp. has recently reported…
A: The comparable multiples approach estimates the price per share using the P/E ratio formula: Price…
Q: Maharaj Garage & Car Supplies sells a variety of automobile cleaning gadgets including a variety…
A: First, we need to prepare a perpetual inventory record using the First In, First Out (FIFO) method.…
Q: No wrong solution
A:
Q: How many units were completed during the month?
A: Explanation of Weighted Average Process Costing: This is a costing method used in manufacturing…
Q: ??!
A: Step 1: First calculate the owners equity at the beginning of 2014: Owners equity, beginning =…
Q: Need help with this question solution general accounting
A: Step 1: Definition of Total Production CostsTotal production costs refer to the sum of all costs…
Q: hello teacher please help me.
A: Step 1: Definition of Absorption CostingAbsorption costing is an accounting method where all…
Q: Waiting for your solution general Accounting question
A: Step 1: Define Goodwill ImpairmentGoodwill impairment occurs when the carrying amount of goodwill…
Q: Nashville Company reported the cost of goods sold of $750,000 last year and $780,000 this year.…
A: Explanation of Average Accounts Payable: Average Accounts Payable represents the typical amount owed…
Q: Please need help with this financial accounting question
A: Step 1: Definition of Tax ExpenseTax expense represents the total amount a company owes in taxes…
Q: Need correct answer general accounting
A: Step 1: Define Required Rate of ReturnThe Required Rate of Return (r) represents the minimum return…
Q: Please give me correct answer this financial accounting question
A: Step 1:Computation of the average common stockholders' equity for 2022: Average common stockholders'…
Q: What is the average collection period for accounts receivable in days on these general accounting…
A: Step 1: Define Average Collection PeriodThe Average Collection Period measures how many days, on…
Q: none
A: Step 1: Definition of Fixed Manufacturing OverheadFixed manufacturing overhead refers to production…
Q: Hello teacher give me answer
A: Step 1: Definition of Predetermined Overhead Rate and Over/Under-Applied OverheadPredetermined…
Q: Financial Accounting
A: Concept of Capital GainCapital Gain refers to the profit earned when an asset, such as a stock, real…
Q: Give me correct answer this financial accounting question
A: Step 1: Define Holding Period Return (HPR)Holding Period Return (HPR) measures the total return on…
Q: What is the cost per equivalent unit?
A: Explanation of Process Costing System: A process costing system is an accounting methodology used…
Q: quick answer of this accounting questions
A: Step 1: Definition of MarkupMarkup refers to the percentage increase applied to the cost price of a…
Q: What percentage will the opereting income increase? Please solve this question
A: Step 1: Given Value for Calculation Contribution Margin = cm = $15,200Operating Income = oi =…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Direct Labor Price VarianceDirect Labor Price Variance (also known as the…
Q: I don't know answer please help me this question solution
A: Step 1: Definition of Absorption CostingAbsorption costing is a costing method that includes all…
Q: Wiggles Right forecasted sales of $5,000 in October, $4,000 in November, and $4,000 in December. All…
A: Explanation of Sales Forecast: Sales forecast is a projection of future revenue that a business…
Q: general accounting
A: Step-by-Step Solution Step 1: Understand the Concept of Capital Gains Yield Capital Gains Yield…
Q: Ans
A: Step 1: Definition of Direct Labor VarianceDirect Labor Rate Variance measures the difference…
Can you help me with accounting questions
Step by step
Solved in 2 steps
- Lanigan Logistics needs to evaluate its financial needs for 2024. It is believed that the relationship between sales and balance sheet items will remain constant when compared to 2023 figures. In 2023 LL expects sales of £4 million with net income of £0.5 million and a 50% dividend payout ratio. Sales for 2024 are forecast at £5 million with net income constant at £0.5 million. Based on the projected balance sheet below, estimate the company's external funding requirements for 2024. Lorenzo Logistics Balance Sheet 2023 Assets Current Assets £410,000 Net Fixed Assets 1,150,000 Total £1,560,000 Liabilities and Equity Accounts Payable £450.000 Long Term Debt 350,000 Total Liabilities £800.000 Common Stock £100,000 Additional Paid in Capital 210,000 Retained Earnings 450,000 Total Equity £760,000 Total £1,560,000Sheridan Bucket Co., a manufacturer of rain barrels, had the following data for 2021: Sales quantity Unit selling price Unit variable costs Fixed costs 2,200 barrels $75 per barrel $45 per barrel $18,480Based on the investor expectations of earning at least 12%, should this projected below be completed? Year 0 1 2 3 4 5 6 Cash Flow (133,000) 37,000 42,750 44,000 46,500 82,500 77,000 Please explain why or why not the company should move forward with this endeavor.
- on the pro forma income statement sales are expected to increase by 23%. If the net margin is expected to increase by 18% and net profit last year was 100 million, what is the net profit projected to be? A) 118 million. B)123 million. C )158 million D) 141 millionABC Corp - had sales of $375million in 2023 and you expect sales to grow at a 3% in 2024, 2% in 2025 and 1% in 2026. Given, past profitability and investment needs, you expect Earnings Before Interests and Taxes (EBIT) to be 9% of sales, increases in net working capital (NWC) requirements to be 8% of any increase in sales, and net investment (CAPEX in excess of depreciation) to be 7% of any increase in sales. The company has $35 million in cash, $7 million in debt, 15 million shares outstanding, Tax rate is 20% of EBIT and a weighted average cost of capital (WACC) of 11% . What is your estimate of the value of the stock in January 2024?Consider a project with an initial investment (today, t = 0) of $200,975. This project will generate cash flows of $49,500 per year for the next 8 years, at which time (end of Year 8) the company will pay $50,000 to another for clean-up and disposal. What is the Profitability Index (PI) of the project if shareholders demand a 16.295% return? Answer with a number rounded to three decimal places, e.g., 4.0877% should be entered as 4.088.
- (Forecasting financing needs) Beason Manufacturing forecasts its sales next year to be $5.4 million and expects to earn 4.9 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions (projections): • Current assets are equal to 19.8 percent of sales, and fixed assets remain at their current level of $0.8 million. • Common equity is currently $0.78 million, and the firm pays out half of its after-tax earnings in dividends. The firm has short-term payables and trade credit that normally equal 11.8 percent of sales, and it has no long-term debt outstanding. What are Beason's financing needs for the coming year? Beason's expected net income for next year is $ (Round to the nearest dollar.)(Forecasting financing needs) Beason Manufacturing forecasts its sales next year to be $5.6 million and expects to earn 4.3 percent of that amount after taxes. The firm is currently in the process of projecting its financing needs and has made the following assumptions (projections): • Current assets are equal to 19.3 percent of sales, and fixed assets remain at their current level of $1.1 million. • Common equity is currently $0.75 million, and the firm pays out half of its after-tax earnings in dividends. • The firm has short-term payables and trade credit that normally equal 12.1 percent of sales, and it has no long-term debt outstanding. What are Beason's financing needs for the coming year? Beason's expected net income for next year is $ 240,800 (Round to the nearest dollar.) Beason's expected common equity balance for next year is $ 870400. (Round to the nearest dollar.) Estimate Beason's financing needs by completing the pro forma balance sheet below: (Round to the nearest…Your company forecasts that next year's sales will be $59.00 million, Cost of Goods Sold (COGS) will be 85% of sales, and the Days Payables Outstanding (DPO) ratio will be 22.19. What is the forecasted accounts payable for next year?
- If sales are $1,150,000 in 2022 and this represents a 15% increase over sales in 2021, what were sales in 2021?Ford has the following information related to 2020: Sales $1,000,000 Current Assets 350,000 Long-Term Assets 650,000 Current Liabilities 120,000 Long-Term Liabilities 280,000 Common Stocks 550,000 Retained Earnings 50,000 Sales are expected to grow by 20% next year with expected Net Profit Margin 20% and Dividends layout 60% Required: How much discretionary Financing needed by Ford in 2021? What are the least expensive sources to get it?Answer the following lettered questions on the basis of the information in this table: Amount of R&D, $ Millions Expected Rate of Return on R&D, % $ 10 16 20 14 30 12 40 10 50 8 60 6 Instructions: Enter your answer as a whole number. a. If the interest-rate cost of funds is 8 percent, what is this firm's optimal amount of R&D spending? million %24