At September 1, Hotel Suites Co. reported owner's capital of $147,000. During the month, Hotel Suites generated revenues of $48,000, incurred expenses of $26,000, purchased equipment for $5,000, and withdrew cash of $3,000. What is the amount of owner's capital at September 30?
Q: Want to this question answer general Accounting
A: Step 1: Define Asset Turnover RatioAsset turnover ratio is a financial metric that reveals how…
Q: What is net sales revenue?
A: Step 1: Definition of Net Sales RevenueNet sales revenue represents the actual revenue a company…
Q: Accurate Answer
A: Explanation of Gross Margin Percentage:Gross margin percentage is a financial ratio that measures…
Q: Tutor please give solution
A: Step 1: Calculate the Return on Investment (ROI)The ROI is 10% of the $75,000 investment.ROI = 0.10…
Q: need correct answer general accounting qusteuns
A: Step 1: Definitions:Principal: The initial amount of money borrowed or invested in a financial…
Q: Find the discounted payback period?
A: The question requires the determination of the discounted payback period.The discounted payback…
Q: cost account
A: Step 1: Understanding the Gross Profit Formula Gross Profit=Net Sales−Cost of Goods Sold (COGS)…
Q: What is perry's forced manufactured overhead budget variance? General accounting
A: Step 1: Define Overhead costOverheads are expenses that cannot be easily found or recognized with…
Q: Provide correct answer
A: Step 1: Cash flow calculation methodIn the given case, cash flow is the sum of net income and…
Q: Accounting question
A: Step 1: Define Price-to-Earnings (P/E) RatioThe Price-to-Earnings (P/E) Ratio represents how much…
Q: Cooper Audio Systems produces car sound systems. Estimated sales (in units) are 45,000 in April,…
A: Explanation of Sales Revenue:Sales revenue is the total amount a company earns from selling its…
Q: Need help
A: Step 1: Definition of Cost of Goods Manufactured (COGM)The Cost of Goods Manufactured (COGM)…
Q: Ans
A: Step 1: Definition of Total Asset TurnoverThe total asset turnover ratio measures how efficiently a…
Q: Financial Accounting Question give true answer
A: The cost of retained earnings is the same as the cost of equity, which can be calculated using the…
Q: Provide answer
A: Explanation of Straight-Line Depreciation: Straight-line depreciation is the most straightforward…
Q: Give me fast answer general Accounting question
A: Step 1: Definitions:Transfer Price: The internal price at which one division of a company sells…
Q: During its first year of operations, the McCormick Company incurred the following manufacturing…
A: Concept of Variable CostingVariable costing is an accounting method that includes only variable…
Q: Common stock? General accounting
A: Given:Bond price = $1,000Conversion ratio = 35.714 Formula:Conversion price = Bond price / No. of…
Q: Given answer financial accounting question
A: Step 1: Define Target Profit Sales UnitsA company can estimate the number of units it has to sell to…
Q: Give true answer this financial accounting question
A: Step 1: Define Lower of Cost or Net Realizable Value (LCM Rule)The Lower of Cost or Net Realizable…
Q: Right Answer
A: This problem involves analyzing a company's financial data using the accounting equation, which…
Q: What is the price earnings ratio on these financial accounting question?
A: The Price-Earnings (P/E) ratio is calculated using the formula: P/E Ratio = Market Price per Share /…
Q: What was criques cost of goods sold for the year?
A: To calculate the cost of goods sold (COGS), use the following formula: COGS = Beginning Inventory +…
Q: Ans ??
A: To calculate the finance charge on Rachel's loan:1. Find the total amount paid over 36 months:Total…
Q: Calculate Gross Profit Ratio from the following: Rs Purchases 3,15,000 Opening Stock 15,000 Closing…
A: Step 1: Understanding the Gross Profit Ratio FormulaThe Gross Profit Ratio (also called Gross…
Q: Financial accounting
A: Step 1: Define High-Low MethodThe high-low method is a technique used to estimate fixed and variable…
Q: Provide solution this question general accounting
A: Under variable costing, only variable costs are included in the valuation of inventory. Fixed costs…
Q: Given answer general Accounting question
A: To calculate the total cost of work in process, we use the following formula: Total Cost of Work in…
Q: What is the firm's total corporate value? General accounting question
A:
Q: Accurate Answer
A: Step 1: Analysis of information givenBeginning Cash: $4,779 millionEnding Cash: $3,968 millionCash…
Q: Subject. General accounting
A: To calculate the return on equity (ROE), we use the following formula: ROE = Return on Assets × (1 +…
Q: On January 1, 2015, Accounts Receivable was $37,000. Sales on account for 2015 totaled $196,000. The…
A: The cash collected from the customer is calculated as follows: Cash collected from customer =…
Q: General accounting
A: Key Components of General Accounting:Recording Transactions - Every financial event (e.g., sales,…
Q: Valley Enterprises charges $60 per hour for labor and has a 40% material loading charge. A recent…
A: Step 1: Labor cost Labor cost = Labor rate x HoursLabor cost = $60 per hour x 30 hoursLabor cost =…
Q: Value of COGS LiFo for company y in 2021
A: Explanation of COGS (Cost of Goods Sold):COGS (Cost of Goods Sold) represents the direct costs…
Q: What is the operating cash flow for the year on these financial accounting question?
A: Step 1: Define Operating Cash Flow (OCF)Operating Cash Flow (OCF) measures the cash generated from…
Q: Solve this Accounting Problem
A: To determine the correct answer, we need to consider the after-tax impact of the sales revenue.…
Q: Accounting: [Operating leverage] Pink Corporation has sales of 1,350 units at $55 per unit. Variable…
A: Concept of Total Sales RevenueTotal Sales Revenue refers to the total amount of money a company…
Q: Sandy Inc. estimates that its employees will utilize 176,000 machine hours during the coming year.…
A: Step 1: Recall the predetermined manufacturing overhead rate formula."...Sandy Inc. allocates…
Q: General accounting
A: Solution By StepsThe present value (PV) of the investment is calculated using the formula:PV= FV…
Q: Please given answer
A: To use the high-low method, we first need to calculate the variable cost per machine hour and then…
Q: ??!!
A: When incorporating sales revenue into a capital project analysis, the revenue should be reflected…
Q: Tutor need answer
A: Explanation of Cost of Goods Sold (COGS):Cost of Goods Sold (COGS) refers to the direct costs…
Q: Hii expert please provide correct answer general Accounting
A: Step 1: Define Product CostsThe computation of total product costs is an essential aspect of cost…
Q: Your career is expanding with an opportunity to support your company's growth in a non-U.S. country.…
A: Expansion Opportunity: GermanyAs part of my company's global growth strategy, Germany presents a…
Q: Calculate the ending balance of the account?
A: Explanation of Accounts Receivable: Accounts Receivable represents money owed to a company by…
Q: What is ROE ?
A: To calculate the Return on Equity (ROE), we can use the formula: ROE = Net Income / Equity Where:Net…
Q: Walter manufacturing has a process costing system the assembly department had the following cost for
A: Explanation of Cost per Equivalent Unit:Cost per equivalent unit is the cost assigned to each unit…
Q: Solve this Financial accounting
A: Explanation of Increase in Sales:Increase in sales refers to the additional revenue generated by a…
Q: answer plz
A: Step 1: Given Value for Calculation Total Common Equity = e = $390,000Net Income After Taxes = ni =…
What is the amount of owners capital at September 30 ?
Step by step
Solved in 2 steps
- At January 1, year 1, a sole proprietorship's assets totaled 210,000, and its liabilities amounted to 120,000. During year 1, owner investments amounted to 72,000, and owner withdrawals totaled 75,000. At December 3 I, year 1, assets totaled 270,000, and liabilities amounted to 171,000. The amount of net profit for year 1 was Select one: a. 0 b. 6,000 c. 9,000 d. 12,000Light Internationals' managerial accountant reported $6,500,000 for the beginning investments balance, no sales of investments, and $9,400,000 ending balance of investments during the year. What is the amount of investments purchases during the year? O O O O $9,400,000 $2,900,000 $15,900,000 $6,500,000Atotal of 10,000 was invested in two business ventures. A and B. At the end of the first year, A and B yielded retums of 6% and 5.75% respectively in the original investment. How was the original amount allocated if the total amount earned was $588.75?
- Malibu Inc. reported the following (in millions) on its year-end balance sheet: Total liabilities $4,086. Total shareholders’ equity $2,528.2 What proportion of Malibu Inc. is financed by nonowners? a. 38.2% b. 61.9% c. 61.8% d. 78.6%The balance sheet for Stevenson Corporation reported the following: noncurrent assets, $220,000; total assets, $410,000; noncurrent liabilities, $210,000; total stockholders’ equity, $100,000. Compute Stevenson’s working capital.The balance sheet for Yakima Corporation reported the following: noncurrent assets, $230,000; total assets, $470,000; noncurrent liabilities, $210,000; total stockholders’ equity, $83,000. Compute Stevenson’s working capital.
- At the beginning of April, Warren Corporation's assets totaled $247,000 and liabilities totaled $67,000. During April the following summarized transactions occurred: Additional shares of stock were sold for $23,500 cash. A building costing $102,000 was purchased using $13,500 cash and by signing an $88,500 long-term note payable. Short-term investments costing $9,700 were purchased using cash. $10,700 was paid to an employee as a loan; the employee signed a six-month note in exchange for the loan. How much are Warren's total assets at the end of April?11. Gerry's Superette had sales of $5,000,000 in the most recent year. Oper- ating expenses were $3,500,000. Interest and taxes totalled $500,000. Total liabilities were $200,000, and owners' equity was $800,000. Required Calculate the following: (a) The return on assets (b) The return on owners' equityThe net income of Edwards Corporation amounted to $65,000 for this year. The beginning balance of owner's equity was $20,000 and the ending balance was $80,000. The company received $15,000 additional contributions during the year. What was the amount of the owner's withdrawals during the year?
- The balance sheet of Hidden Valley Farms reports total assets of $900,000 and $1,010,000 at the beginning and end of the year, respectively. The return on assets for the year is 10%. What is Hidden Valley's net income for the year? Multiple Choice $10,100,000. $9,550,000. $95,500. $101,000.Whipporwill, Incorporated's, net income for the most recent year was $16,802. The tax rate was 21 percent. The firm paid $3,706 in total interest expense and deducted $4,491 in depreciation expense. What was the cash coverage ratio for the year? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Cash coverage ratio timesBarnes' Brothers has the following data for the year ending 12/31/12: Net income = $550; Net operating profit after taxes (NOPAT) = $650; Total assets = $2,700; Short-term investments = $100; Stockholders' equity = $2,000; Total debt = $750; and Total operating capital = $2,300. Barnes' weighted average cost of capital is 11%. What is its economic value added (EVA)? Group of answer choices $357.30 $317.60 $397.00 $436.70 $277.90