Assume the following sales data for a company: 2018 $993,000 2017 $888,000 2016 $700,000 If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017? a. 27% b. 142% c. 127% d. 42%
Q: Please need answer the accounting question
A: Step 1: Calculation of variable overhead per unitUnder variable costing, we consider only variable…
Q: Based on this information, what is the division assets turnover??
A: Step 1: Define Asset TurnoverThe ratio determines the number of times a company's sales exceeds its…
Q: Don't use ai
A: Explanation of High-Low Method:The high-low method is a cost estimation technique used to separate…
Q: Not use ai solution given correct answer general Accounting question
A: The after-tax debt cost of capital is calculated as follows: After-tax debt cost of capital = Cost…
Q: What were the equivalent units for conversion costs in the Assembly Department for the month?…
A: To calculate the equivalent units for conversion costs using the weighted-average method, we…
Q: True or False: A company that incurred $1,000 in production costs reported cost of goods sold of…
A: Answer: False Explanation:Let's analyze the statement step by step based on the cost of goods…
Q: General accounting
A: Step 1: Analysis of the information givenRevenues = $72,000Expenses = $65,000Dividends of $4,200 are…
Q: None
A: The correct answer is:A) investments by the owner. Explanation:Owner's equity represents the…
Q: What is the asset turnover ratio for 2015 ??
A: Step 1: Define Asset Turnover RatioAn efficiency ratio that analyzes the potential of a company's…
Q: Orion enterprises reported the following data: please provide answer this accounting question
A: Compute net sales.Net sales = Sales revenue - Sales returnsNet sales = 550,000 - 8,000Net sales =…
Q: Accurate Metal Company sold 34,000 units of it's product at a price of $290 per unit. Total variable…
A: The manufacturing margin under variable costing is calculated as: Manufacturing…
Q: What is the length of the cash cycle in this case ? General accounting
A: Step 1: Define Cash CycleThe cash conversion cycle refers to the time that it takes for a company to…
Q: Calculate operating cash flow
A: Step 1: Definition of Operating Cash Flow (OCF)Operating cash flow represents the cash generated…
Q: Please find the units to below account problem
A: Compute the contribution margin per unit first.Contribution margin per unit = Selling price per unit…
Q: Fixed assets price
A: Explanation of Net Fixed Assets:Net Fixed Assets represent the original cost of all long-term…
Q: What is the amount of current liabilities??
A: Step 1: Define Current LiabilitiesCurrent liabilities are the borrowings that the business has to…
Q: account of finance
A: Beginning Inventory = Cost of Goods Sold + Ending Inventory - Purchases Beginning Inventory =…
Q: Need answer
A: Explanation of Direct Labor Price Variance:Direct labor price variance measures the difference…
Q: General Accounting Question please provide correct solution this question
A: Step 1: Definition of the Impact on Net Income from Discontinuing a ProductWhen a product is…
Q: JOHN Company
A: Step 1: Calculation of manufacturing overheadsManufacturing Overheads = Direct Labor ×…
Q: Which of the following is not a period cost? A. Legal B. Public relations costs. C, Sales…
A: Introduction of Period Cost:Period costs represent expenses incurred in the business that are not…
Q: Subject - General Account
A: Step-by-Step Analysis1. Sales Revenue Sales Revenue=Units Sold×Selling Price per Unit…
Q: Financial Accounting Question
A: Step 1: Define Dividend YieldDividend yield is a financial ratio that shows how much a company pays…
Q: answer to below Question
A: The debt-to-equity ratio is calculated as follows:Debt-to-Equity Ratio = Total Liabilities / Total…
Q: Please solve this question
A: Step 1:First calculate the required ending balance of the allowance for doubtful accounts: Required…
Q: General Accounting question
A: Step 1: Define Dividend YieldThe dividend yield is a financial ratio used by investors to evaluate…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Amortization of Net Gain (AOCI)The amortization of a net gain (or loss) from…
Q: Please give me correct answer this general accounting question
A: The total costs to be accounted for can be computed by using two methods:Method 1: Total Costs to be…
Q: Quick answer of this accounting questions
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) is the…
Q: If a company has average accounts receivable of $90,000 and annual sales of $840,000, what is the…
A: Explanation of Days Sales Outstanding (DSO):Days Sales Outstanding (DSO) is a financial metric that…
Q: Harborline manufacturing company's accounting records... Please answer the financial accounting…
A: Step 1: Define Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) is the total cost…
Q: Provide correct answer general Accounting question
A: Step 1: Define Financing ActivitiesFinancing activities refer to activities related to the capital…
Q: Baltimore's total equity is _.
A: Explanation: The amount of total equity can be calculated using the accounting equation.As per the…
Q: Cost aCCOUNTING
A: The correct answer is:A. added to liabilities and the two are equal to assets. Explanation:The…
Q: Hi expert please give me answer accounting questions
A: Step 1: Definition of Relevant Costs and Incremental IncomeFor special orders, only relevant costs…
Q: Sonnheim Manufacturing uses job costing. In May, material requisitions were $56,263 and raw material…
A: To calculate the beginning raw materials inventory balance, use the following formula:…
Q: What are the beginning and ending amounts of equity on these general accounting question?
A: Step 1: Define EquityEquity represents the ownership interest in a company held by shareholders…
Q: Provide correct answer general accounting
A: Step 1: Define Cash Inflows and OutflowsA cash stream that a person or a business house earns during…
Q: Kindly help me with general accounting question
A: Step 1: Define Cash Collected From CustomersCash Collected From Customers is the amount received in…
Q: Provide correct answer financial Accounting
A: Step 1: Define Process costingProcess costing is a method of collecting direct costs and…
Q: Cost Account
A: The correct answer is:d. budgeted operating income with actual operating income Explanation:The…
Q: Calculate their free cash flow for 2016 and 2017 general accounting
A: To calculate Free Cash Flow (FCF), use the formula: Free Cash Flow=Net Cash Flow from Operating…
Q: I want to correct answer accounting questions
A: Step 1: Definition of TermsCash Conversion Cycle (CCC): The CCC measures the time it takes for a…
Q: General accounting
A: Step 1: Formula Book value per share = (Shareholders' equity - Preferred equity)/Number of common…
Q: Expert help me to solve in this account query....
A: To solve this question, we use the accounting equation and the statement of retained earnings…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is a rate used to…
Q: Assets turnover??
A: Step 1: Define Asset TurnoverTotal asset turnover represents the ability of a company to use…
Q: Company Y currently has the following balances on its balance sheet: Assets Common Stock $198,162…
A: To determine total liabilities for Company Y next year, we will use the accounting equation:…
Q: help
A: Step 1: Given Value for Calculation Cost of Goods Sold = cogs = $695,000Gross Profit = gp = $287,000…
Q: Kindly help me with general accounting question
A: Step 1: Define Dividend Reinvestment Program (DRIP)A Dividend Reinvestment Program (DRIP) allows…
General accounting
Step by step
Solved in 2 steps
- Assume the following sales data for a company: Current year $770,668 Preceding year 635,551 What is the percentage increase in sales from the preceding year to the current year? a.121.26% b.17.53% c.82.47% d.21.26%Need help with this general accounting questionAssume the following sales data for a company. Current year $738,274 Preceding year $642,971 What is the percentage increase in sales from the preceding year to the current year? A. 12.91 B. 114.82 C. 87.09 D.14.82
- Assume the following sales data for a company: Current year $1,025,000 Preceding year 820,000 What is the percentage increase in sales from the preceding year to the current year? Oa. 125% Ob. 25% Oc. 75% Od. 100%GIVE THE COMPARATIVE INCOME STATEMENT VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B 161.17B 179.63B 129.31B Sales Growth - 17.40% 20.62% 11.45% -28.01% Cost of Goods Sold (COGS) incl. D&A - - 132.96B 150.88B 115.39B COGS Growth - - - 13.47% -23.52% COGS excluding D&A 89.27B 105.39B 121.08B 137.38B 100.82B Depreciation & Amortization Expense 4B 4.75B 11.89B 13.5B 14.57B Depreciation 3.93B 4.66B 11.73B 13.34B 14.32B Amortization of Intangibles 68.99M 78.95M 151.82M 145.42M 245.23M Gross Income 20.54B 23.48B 28.21B 28.75B 13.92B Gross Income Growth - 14.30% 20.12% 1.93% -51.57% Gross Profit Margin - - - - 10.77% SG&A Expense - - 17.64B 20.21B 20.42B SGA Growth - - - 14.57% 1.02%…Assume the following sales data for a company:Current year$832,402 Preceding year608,082What is the percentage increase in sales from the preceding year to the current year? a.136.89% b.36.89% c.73.05% d.26.95% The relationship of $242,729 to $104,267, expressed as a ratio, is a.0.8 b.2.3 c.0.4 d.0.7
- What is the impact on retained earnings each year?The trend analysis report of Poplar, Inc. is given below (in millions): 2019 2018 2017 2016 2015 Net income $700 $606 $470 $405 $402 Trend percentages 174% 151% 117% 101% 100% Which of the following is a correct conclusion from the above analysis? Select one: A. Net income for 2018 decreased by 151% from 2017. B. Net income for 2019 increased by 174% from 2018. C. Net income for 2019 is 174% of net income for 2015. D. Net income for 2018 is 151% of the previous year. The financial statements for Silver Service Company include the following items: 2019 2018 Cash $49,500 $40,000 Short-term Investments 33,000 20,500 Net Accounts Receivable 52,000 53,000 Merchandise Inventory 132,000 45,000 Total Assets 530,000 547,000 Accounts Payable 131,500 122,000 Salaries Payable 15,000 18,000 Long-term Note Payable 58,000 57,000 Compute the acid-test ratio for 2018.…Assume the following sales data for a company: Line Item Description Amount Current year $883,993 Preceding year 542,076 What is the percentage increase in sales from the preceding year to the current year? a. 63.08% b. 61.32% c. 163.08% d. 38.68%
- I won't to of this question answer general AccountingThe trend analysis report of Doremon Ltd is given below: (in millions) 2020 2019 2018 2017 2016 Profit $670 $602 $460 $407 $402 Trend Analysis percentages 167%150%114%101%100% Which of the following is a correct conclusion from the above analysis? Select one: O a. Profit for the year 2018 has decreased by 14% over that for the year 2016. O b. Profit for the year 2018 has decreased by 114% over that for the year 2016. O c. Profit for the year 2018 has increased by 14% over that for the year 2016. O d. Profit for the year 2018 has increased by 114% over that for the year 2016.Assume the following sales data for a company: Year 7 $1,000,000 Year 6 900,000 Year 5 750,000 Year 1 500,000 If Year 1 is the base year, what is the percentage increase in sales from Year 1 to Year 5? 100% 180% 50% 55%