Assume that markup is based on selling price. Selling price: $95 Markup percent: 25% Calculate the dollar markup and cost.
Q: abc general accountions
A: Step 1: Definition of Fixed CostFixed costs are business expenses that remain constant in total…
Q: financial accounting
A: Step 1: Definition of Gross Profit PercentageGross profit percentage measures a company's…
Q: Under variable costing total period costs are?
A: Step 1: Formula Under variable costing, the fixed production costs are period costs. Only the…
Q: Provide answer
A: Step 1:Net operating income is the income calculated by subtracting all operating expenses from the…
Q: Actual direct labor hours were
A: Concept of Predetermined Overhead RateThe Predetermined Overhead Rate is an estimated rate used to…
Q: Which of the following amount would be debited to the land account?
A: Step 1: Definition of Fixed Assets and Cost AllocationFixed assets are long-term tangible assets…
Q: What is your total return for last year on these financial accounting question?
A: Step 1: Define Total ReturnTotal return is the overall gain or loss an investor earns from an…
Q: General Accounting
A: Step 1: Define Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the direct costs…
Q: What is the direct labor rate variance?
A: Step 1: Definition of Direct Labor Rate VarianceDirect Labor Rate Variance measures the difference…
Q: None
A: Image Explanation.Western Gas & Electric Co.'s current accounts receivable balance stands at…
Q: Step by step answer
A: Question 1: Step 1. Calculate the Warranty expense for the current month Warranty expense for the…
Q: 4 PTS
A: Explanation of Variable Costs: Variable costs are expenses that change in proportion to the level of…
Q: i want to this question answer of this General accounting question
A: Step 1: Define real rate of return measures the true purchasing power gain from an investment after…
Q: Subject - General Account
A: To determine the total standard cost of Fleck's product, we add up the standard costs of materials,…
Q: Sub. General accounting
A: Step 1: Definition of Days in InventoryDays in inventory (or inventory days) measures the average…
Q: Provide answer general accounting question
A: Step 1: Definition of Contribution Margin Ratio and Sales Volume CalculationContribution Margin…
Q: Kindly help me with accounting questions
A: The net cash flow from financing activities is $25,000 becaus:Cash inflow: $55,000 from issuing new…
Q: provide correct answer general accounting
A: Step 1: Definition of Standard CostingStandard costing involves estimating costs for all the…
Q: Need answer the general accounting question
A: Step 1: Define Average Collection PeriodThe Average Collection Period measures the average number of…
Q: General Accounting Question
A: Step 1: Formula Materials price variance = (Actual price - Standard price) x Actual quantity Step…
Q: Financial Accounting
A: Step 1: Define Total AssetsTotal assets refer to the sum of all resources owned by a company that…
Q: Acp Distributors purchased a cooling system for its storage warehouse at a cost of $92,500. The…
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method of allocating the…
Q: Price per pound for direct material is
A: Explanation of Standard Cost:Standard cost is a predetermined estimate of the expected cost to…
Q: What would be the amount debited to the work in process inventory on these general accounting…
A: Step 1: Define Work in Process (WIP) InventoryWork in Process (WIP) Inventory refers to partially…
Q: If sales are $420,000, variable costs are 72% of sales, and operating income is $40,000, what is the…
A: The question requires the determination of the operating leverage. Operating leverage is a financial…
Q: Return on assets?
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) measures how efficiently a…
Q: Answer this MCQ
A: Step 1: We calculate the tax on the discontinued operation gain.Tax = Discontinued operation gain x…
Q: None
A: Here's how to calculate Packman Corporation's after-tax earnings: Step1: Calculate the Interest…
Q: Can you help me with accounting questions
A: Step 1: Definition of Cash Flow from OperationsCash flow from operations (CFO) represents the net…
Q: How much and in what direction must total assets have changed?
A: Explanation of Total Assets: Total assets represent everything of value that a company owns or has…
Q: Burner, Incorporated has sales of 1,250,000, costs of 620,000, depreciation expenses of 85,000, and…
A: Explanation of EBIT (Earnings Before Interest and Taxes): EBIT represents a company's operating…
Q: GEM company has a unit selling price of
A: a) Mathematical Equation The break-even point in units is calculated using the following formula:…
Q: Solve this financial accounting problem
A: Explanation of Return on Assets (ROA): This is a financial ratio that shows how well a company uses…
Q: General accounting
A: The question requires the determination of the total stock return. Total return is the total value…
Q: abc general accounting is
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) refers to the total cost of…
Q: Accurate answer
A: Explanation of Direct Costing: This is a costing method (also known as variable costing) where only…
Q: In 2014, LL Bean sold 450,000 pairs of boots. At one point in 2014, it had a back order of 100,000.…
A: In 2014, LL Bean had a predicament when demand for its boots overtook supply, resulting in a back…
Q: what will be its return on equity?
A: To calculate the Return on Equity (ROE):Formula:ROE = Net Income ÷ EquityWe'll first calculate Net…
Q: Burner, Incorporated has sales of 1,250,000, costs of 620,000, depreciation expenses of 85,000, and…
A: Step 1: Calculation of earnings before taxEarnings before tax = Sales - Costs - Interest expenses -…
Q: Creston Alloy Works manufactures a single product that sells for $90 per unit. Variable costs are…
A: Explanation of Selling Price: Selling price is the amount a company charges customers for each unit…
Q: How many meals would have to be sold if fix costs declined by 20% ? Accounting
A: Step 1: Definition of Contribution Margin and Required Sales CalculationContribution Margin is the…
Q: need help this questions general accounting
A: Step 1: Definition of Net IncomeNet income represents the total earnings of a company after all…
Q: What is the receivable turnover ratio?
A: Detailed explanation:Given:Total Sales $ 2150Accounts Receivable $ 525 Question: What is the…
Q: Please give me true answer this financial accounting question
A: Step 1: Define Net IncomeNet income is the company's total profit after deducting all expenses,…
Q: What is the amount of dividends received by the common stockholders in 2022 of this financial…
A: Step 1: Introduction to stockholders' equityStockholders' equity refers to the residual value of the…
Q: Required Information On January 1, 2022, Palmcroft Company acquired 100 percent of the outstanding…
A: To calculate the consolidated net income, we first need to calculate the net income of each company.…
Q: Bloom Enterprises has fixed costs of $825,400. The selling price per unit is $210, and the variable…
A: Calculate the Contribution Margin per UnitThe contribution margin is the amount each unit…
Q: Provide correct answer please
A: Simple broHere, I have taken 365 days in a year.Days Uncollected Sales which is the Debtors'…
Q: Note: General Account
A: Step 1: Calculation of gross profitGross profit = Sales - Cost of goods soldGross profit = $5…
Q: abc general accounting
A: Step 1: Calculation of total estimated variable manufacturing overheadTotal estimated variable…
Answer this Accounting question


Step by step
Solved in 2 steps
