Art Supplies has a net income of $138,600. The firm has $1.25 million in assets and $500,000 in liabilities. What is the return on equity?

Q: Need answer the financial accounting question not use chatgpt

A: Step 1: Define Earnings Per ShareIt measures a company's profitability and is computed by dividing…

Q: Variance analysis compares a. standard costs and actual costs b. product costs and period costs c.…

A: Correct Answer:a. standard costs and actual costs  Explanation:Variance analysis is a cost control…

Q: Direct material spending variance.

A: Explanation of Direct Materials Cost:Direct materials cost refers to the expense incurred on raw…

Q: Need help

A: Explanation of High-Low Method: The high-low method is a cost estimation technique that uses the…

Q: Silverline Properties has a debt-equity ratio of 0.92. Return on assets is 8.4 percent, and total…

A: To calculate the net income for Silverline Properties, we can use the following steps: Calculate…

Q: Financial accounting question

A: Step 1: Define P/E RatioThe Price-to-Earnings (P/E) ratio measures how much investors are willing to…

Q: What is the firm's total corporate value? General accounting question

A:

Q: Given answer financial accounting question

A: Step 1: Define Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio is a valuation metric…

Q: Company U sells merchandise to company P for $7,300 with credit terms of 3/10, n/30. Company P…

A: Concept of Credit TermsCredit terms define the payment conditions agreed upon between a seller and a…

Q: Dinner were sold ?

A: Step 1: Definition of Profit Increase CalculationProfit increase refers to the additional earnings…

Q: Solve this question and given true answer general accounting question

A: The raw materials will be recorded on the books at the exchange rate on the date the payable is…

Q: Net opreting income

A: Step 1: Definition of Net Operating IncomeNet operating income (NOI) is the profit remaining after…

Q: Question related to financial accounting: During the current year, Carl Equipment Stores had net…

A: Concept of Inventory Turnover RatioThe inventory turnover ratio measures how efficiently a company…

Q: Please question answer general accounting

A: To calculate the annual opportunity cost of a checking account that requires a $500 minimum balance…

Q: Trendy T's Corporation manufactures t-shirts, which is its only product. The standards for t-shirts…

A: Step 1: Identify Given DataStandard direct materials cost per yard = $9Standard direct materials…

Q: Doverly Co. has total assets of $9,200,000 and a total asset turnover of 2.10 times. Assume the…

A: Explanation of Profit Margin:Profit margin is a financial ratio that measures the percentage of…

Q: Need help this question solution

A: To determine the sales growth rate,  use the sustainable growth rate (SGR) formula: SGR=ROE×…

Q: What is its ROE?

A: The question requires the determination of the ROE. Return on equity (ROE) measures the financial…

Q: Find the discounted payback period?

A: The question requires the determination of the discounted payback period.The discounted payback…

Q: Provide correct answer is accounting question

A: Step 1: Define Firm's IncomeA firm's income indicates the profitability of the firm's business…

Q: Accurate Answer

A: Explanation of Gross Margin Percentage:Gross margin percentage is a financial ratio that measures…

Q: What is the contribution margin ?

A: Given:Revenue per inpatient day = $1,000Variable cost = $350Fixed costs = $8 million…

Q: Step by step answer

A: The sales revenue of $720,000, after accounting for a 25% tax rate, will result in an after-tax…

Q: Ans please general accounting

A: Step 1: Definition of Gross ProfitGross profit is the profit a company earns after subtracting the…

Q: Expert of general account answer this questions

A: Step 1: Understanding Direct Labor Rate VarianceThe Direct Labor Rate Variance measures the…

Q: Contribution margin ratio?

A: Step 1:The contribution margin per unit is calculated as follows: Contribution margin per passenger…

Q: Please given answer general accounting question

A: To calculate the total production costs when 20,000 packages are produced, we need to break down the…

Q: General accounting

A: To determine the finance charge on Rachel's loan, we calculate the total amount she will pay over…

Q: incorrect solution will get unhelpful rate

A: To calculate the profit for Doctor E. for 11,900 leukemia blood analyses:Revenue per analysis:…

Q: Need help with this financial accounting question

A: Concept of Net Profit MarginNet profit margin is a financial ratio that measures how much of a…

Q: subject = General Account

A: ROE = ROA + (ROA - Return on Debt) * (Debt/Equity Ratio)Afier plugging in the ValuesROA = 15% =…

Q: General accounting

A: Step 1: Definition of Predetermined Overhead RateThe Predetermined Overhead Rate (POHR) is used to…

Q: Answer? ? Financial accounting question

A: Step 1: Define Net SalesNet Sales refers to the actual revenue a company earns from sales after…

Q: None

A: Step 1: Recall the gross profit formula.= sales - cost of goods sold Step 2: Calculate Sell-it's…

Q: Don't Use Ai

A: Step 1: Given Value for Calculation Annual Sales = s = $612,200Total Debt = d = $153,000Total Equity…

Q: Calculate the labor variance?

A: Labor rate variance = (Standard rate - Actual rate) x Actual hours workedLabor rate variance = (9 -…

Q: What is the account receivable turnover for Skyline Corporation ?

A: Explanation of Net Sales:Net sales refer to the total revenue a company generates from selling its…

Q: What is the total amount of capital gain?

A: To calculate the total capital gains, follow these steps:Initial Investment Cost:100 shares×38.20…

Q: None

A: Step 1: Define Financial RatioThe study of different financial ratios enables the investors and…

Q: Hello tutor please help me this question

A:

Q: What is the net income?

A: 1. Compute for Total DebtTotal Debt= Debt- Equity Ratio x Total Equity=0.92 x 520,000= $478, 400 2.…

Q: General Accounting

A: Step 1: Define High-Low MethodThe High-Low Method is a cost estimation technique used to separate…

Q: Hii expert please provide answer general Accounting

A: Step 1: Define Income under Absorption CostingIncome under Absorption Costing refers to the net…

Q: Calculate the cost of retained earnings on these financial accounting question

A: Here is a step by step to calculate Cost of Retained Earnings:The cost of retained earnings is the…

Q: Please give true answer this financial accounting question

A: Step 1: Define Dividend Payout RatioThe dividend payout ratio is the ratio of annual dividends…

Q: General accounting and solution

A: Step 1: Define Net Profit MarginTo determine the net profit margin, the net income earned during the…

Q: Sub. General accounting

A: To determine the stock price at which it becomes worthwhile to convert the bond into common stock,…

Q: 4 PTS

A: Explanation of Payment Terms (3/10, net 45): Payment terms represent the conditions under which a…

Q: What is the value of the ending inventory?

A: To determine the value of the ending inventory under full costing, follow these steps: Step 1:…

Q: Financial accounting question

A: Step 1: Definitions:Accounts Payable Turnover Ratio: Measures how frequently a company pays its…