At the beginning of the year, Addison Company's assets are $177,000 and its equity is $132,750. During the year, assets increase $80,000 and liabilities increase $55,000. What is the equity at the end of the year?
Q: Which of the following best describes costs assigned to the product under the variable costing…
A: The correct answer is:b. DL, DM, and variable manufacturing overhead. Explanation:Variable…
Q: Brightside pest Control... please answer this accounting question
A: Step 1: Define Net IncomeNet income is the amount of earnings left after subtracting all expenses,…
Q: Don't use ai given answer accounting questions
A: To calculate the price-earnings (P/E) ratio, we first need to find the earnings per share (EPS) and…
Q: Assume the same information for hedley solution general accounting question
A: Earnings per share (EPS) measures the portion of a company's profit allocated to each share of…
Q: Kindly help me with accounting questions
A: Step 1: Calculate Realized Gain• Formula: Realized Gain = Total FMV Received - Adjusted Basis•…
Q: What is the value of this investment on these financial accounting question?
A: The perpetuity formula is used to calculate the present value of a series of infinite cash flows…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Operating LeverageOperating leverage measures the sensitivity of a company's…
Q: A company produces a single product. Variable production costs Variable selling and administrative…
A: Explanation of Variable Costing: Variable costing is an inventory costing method that only includes…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Re-order Point (R)The re-order point is the inventory level at which a new…
Q: What is the net income for the firm??
A: Step 1: Define Average Tax RateThe rate that represents the tax paid on the one-dollar income is the…
Q: Need help with this accounting questions
A: Step 1: Definition of Degree of Operating Leverage and Its ImpactThe degree of operating leverage…
Q: Provide answer general Accounting question
A: Step 1: Define Return on equityThe return on equity is a method used to determine a firm's equity…
Q: How much will you have in 12 years on these financial accounting question?
A: Step 1: Define InvestmentAn investment is the placement of funds into assets to earn a return or…
Q: Besse, Ltd. manufactures a single product that had the following cost structure this year: Variable…
A: Step 1: Understand Variable CostingUnder variable costing, only the variable manufacturing costs are…
Q: Do fast answer of this accounting questions
A: Step 1: Define Degree of Operating LeverageDegree of operating leverage is a financial ratio which…
Q: What will Michelle's balance be in 5 year? General accounting
A: Step 1: Introduction to time value of moneyTime value of money is a financial concept which is used…
Q: The absorption costing concept?
A: Step 1: Define Manufacturing CostThe cost associated with the process that helps a business entity…
Q: Provide general Account Answer. NO AI USE FOR YOUR INFORMATIONS
A: The correct term is:Asset Explanation:An asset is defined as an economic resource that is expected…
Q: Financial Accounts
A: Explanation of Cost: This represents the amount of money spent by a business to acquire or produce…
Q: What would be the cash from operating activities on these general accounting question?
A: Step 1: Define Cash from Operating ActivitiesCash from operating activities is calculated using the…
Q: Need help with this financial accounting question not use ai please don't
A: Step 1: Define Cost of CapitalThe cost of capital is used in capital budgeting as a discount rate in…
Q: Winter company has provided solution general accounting question
A: Step 1: Definition of Contribution Margin RatioThe contribution margin ratio is a financial metric…
Q: None
A: To find out how much you will have in 11 years, we calculate the future value of the $43,000 after…
Q: Financial Accounting
A: Step 1: Define DepositA deposit is cash maintained in a bank account or another financial…
Q: What is the net income of the firm on these general accounting question?
A: Step 1: Net income before tax Net income before tax = Sales - Costs - Depreciation expense -…
Q: Find COST OF GOODS SOLD FOR THE MONTH
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: What is the beginning raw materials inventory? Accounting.
A: To determine the beginning raw materials inventory, we use the formula for raw materials inventory:…
Q: Subject - General Account
A: Step 1: Key DataUnits data:Beginning WIP: 79,000 unitsUnits started: 751,000 unitsUnits transferred…
Q: What is the total equity on these general accounting question?
A: Step 1: Define Total EquityTotal equity represents the residual interest of owners in the company's…
Q: Green tech solutions will pay a dividend answer general accounting question
A: For this question we are asked to compute for the current price of the stock. The current price is…
Q: Provide correct answer general accounting
A: Step 1: Identify the principal, annual interest rate, and time periodStep 2: Convert the time period…
Q: Calculate the standard cost per unit for ABC company??
A: Step 1: Define Standard costsThe standard costs are determined to calculate the per unit cost of the…
Q: Financial Accounting Question please answer
A: Step 1: Define InvestmentEvery business organization operates to earn profit by generating revenue…
Q: I don't need ai answer accounting questions
A: Step 1: Definition of Capital Gains TaxCapital gains tax is the tax levied on the profit from the…
Q: I NEED ANSWER
A: Explanation of Applied Overhead: Applied overhead is the amount of manufacturing overhead allocated…
Q: Accounting Problem
A: Explanation of Economic Order Quantity (EOQ):Economic Order Quantity (EOQ) is the optimal order…
Q: Financial Accounting
A: As per CAPM, Required return on stock 2 = Risk-free Rate + Beta*(Market rate-Risk-free Rate)…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Days Sales in Receivables (DSR)Days Sales in Receivables (DSR) measures how…
Q: Delta corporation issued
A: Detailed Explanation: Solution Key Information: Number of shares issued: 25,000 sharesPar value per…
Q: Determine the term being defined or described by the following statement: An economic resource that…
A: The common definition of an asset is some resource that is expected to generate some future benefit…
Q: Step by step Answer☑
A: Explanation of Predetermined Overhead Rate:The Predetermined Overhead Rate is a ratio used to…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Factory OverheadsFactory Overheads are indirect costs incurred during…
Q: General accounting
A: Future Value = Present Value*(1+Interest Rate)^No. of periods Where,Present Value = $43,000Interest…
Q: Provide correct answer general accounting
A: To calculate the payback period, we determine how long it takes for the cumulative cash flows to…
Q: Do fast answer of this accounting questions
A: Step 1: Define Full Costing MethodFull costing or the Absorption costing is a method in which all…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Contribution Margin RatioThe contribution margin ratio is the percentage of…
Q: None
A: Step 1: Define Absorption CostingThe cost of goods can be calculated with the help of two costing…
Q: What is net income under absorption costing?
A: To calculate net income under absorption costing, we need to adjust the net income reported under…
Q: Office Mart has assets equal to dollar 123,000 and liabilities equal to dollar 53,000 at year-end.…
A: To calculate the total equity of Office Mart at year-end, you can use the accounting equation:Assets…
Q: If a company’s revenue is $65,000, the cost of goods sold is $38,000, and operating expenses are…
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
What is the equity at the end of the year?
Step by step
Solved in 2 steps
- The 2021 Balance Sheet of Eighty-Five Ltd. show a total of $100,000 in current assets, which is made up of $35,000 (cash), $15,000 (marketable securities), $20,000 (net receivables) and inventories (that make up the difference). If the company’s current liabilities for the year is $55,000, what is its quick ratio? 1.273. 0.780. 1.000. 1.875.The Kretovich Company had a quick ratio of 1.4, a current ratio of 3.0, a days’ sales outstanding of 36.5 days (based on a 365-day year), total current assets of $810,000, and cash and marketable securities of $120,000. What were Kretovich’s annual sales?What is the return on assets? General accounting
- At the beginning of the year, Quaker Company's liabilities equal $70,000. During the year, assets increase by $60,000, and at year - end assets equal $190,000. Liabilities decrease $5,000 during the year. What are the beginning and ending amounts of equity?For the year ended December 31, 2022, Settles Incorporated earned an ROI of 8.8 %. Sales for the year were $9 million, and average asset turnover was 2.2. Average stockholders' equity was $2.9 million. Required: a. Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. b. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place. a. Margin a. Net income % b. Return on equity %What is Nicole 's total stockholder equity?
- Subject : Financial Accounting-The Banner Income Fund's average daily total assets were $100 million for the year just completed. Its stock purchases for the year were $20 million, while its sales were $12.5million. What was its turnover?Hendo Inc. is constructing its pro forma financial statements for this year. At years end, Assets were $650,000 and Accounts Payable (the only liabilities account) was $175,000. Sales for the year were $825,000. Hendo expects to grow by 12% this year. Assets and Accounts Payable are expected to grow proportionally to Sales. Common Stock currently equals $175,000 and Retained Earnings are $127,000. Hendo plans to sell $18,000 of new common stock this year. The firm's profit margin on Sales is 5.5%, and 45% of its earnings will be paid out in dividends. How much NEW long-term debt financing will Hendo need this year to finance its expected growth? Hendo is currently operating at full capapcity.For the year ended December 31, 2022, Settles Incorporated earned an ROI of 10.5%. Sales for the year were $9 million, and average asset turnover was 2.1. Average stockholders' equity was $2.8 million. Required: Calculate Settles Incorporated's margin and net income. Note: Round "Margin" answer to 1 decimal place. Enter the net income answer in dollars, i.e., $5 million should be entered as 5,000,000. Calculate Settles Incorporated's return on equity. Note: Round your answer to 1 decimal place.
- BI's income for the year ended December 31, 2021 was $ 4,000,000. This was earned evenly over the year. In addition BI paid dividends of $ 300,000 each on March 31, June 30, September 30 and December 31, 2021 to their shareholders of records on that date. The inventory on July 1, 2021 was 75% sold as of December 31, 2021. Required. For the investment in AI 1. Using IFRS 9 prepare the journal entries for DC for all of 2021. 2. Using ASPE prepare the journal entries for DC for all of 2021. For the investment in BI 3. Using IFRS prepare the journal entries for DC for 2021. 4. Using ASPE prepare the joumal entries for DC for 2021 for all options available under ASPE.At the beginning of the yearSubject: Financial Accounting-The Banner Income Fund's average daily total assets were $100 million for the year just completed. Its stock purchases for the year were $20 million, while its sales were $12.5 million. What was its turnover?