At the beginning of the year, Addison Company's assets are $255,000 and its equity is $191,250. During the year, assets increased by $80,000, and liabilities increase by $56,000. What is the equity at year-end?
Q: Financial Account
A: Step 1: Information providedMaterial Cost = $5,000Labor Cost = $30,000Power = $10,000Number of ball…
Q: Find out the problem
A: Concept of Joint OperationA joint operation refers to a business activity undertaken by two or more…
Q: What was callie's gross profit?
A: Calculation of C's Gross ProfitC's Gross Profit = Net Sales - Cost of Goods Sold…
Q: General accounting
A: To calculate the Holding Period Return (HPR), use the formula.…
Q: General Accounting can you please answer?
A: Step 1: Define Variable CostingVariable Costing includes only the variable manufacturing costs in…
Q: financial accounting
A: Step 1:a. The annual financing cost is calculated as follows: Annual financing cost = Discount rate…
Q: Statement of Cost of Goods Manufactured for a Manufacturing Company Cost data for Firetree…
A: a. With the cost of goods manufactured statement, you pretty much figured out the right items and…
Q: General Accounting
A: Step 1: Formula Weighted average cost per unit = Total cost of inventory/Total units available for…
Q: General accounting
A: Step 1: Definition of Return on Assets (ROA)Return on Assets (ROA) is a profitability ratio that…
Q: Cotuit liabilities must be
A: Step 1: Formula Current liabilities = Inventory/(Current ratio - Acid test ratio) Step 2:…
Q: Equipment $957,500
A: Explanation of Straight-Line Depreciation:Straight-line depreciation is a method used to allocate…
Q: Gross margin for August? General accounting
A: Step 1: Definition of Gross MarginGross margin is the difference between sales revenue and cost of…
Q: Problem: 7.4
A: Step 1: Analysis of information givenCost of Goods Sold = $424,000Beginning Finished Goods Inventory…
Q: Hi expert please give me answer general accounting question
A: Given:Final Value = $54Initial Value = $50Dividend = $2.50 Rate of Return = ((Final Value - Initial…
Q: General Accounting
A: a) To find stockholder's equity, let's identify and sum all the equity accounts:Common stock:…
Q: None
A: 1. Calculate Goods Available for Sale at Cost:Beginning Inventory (at cost): $31,280Purchases (at…
Q: Calculate the gross profit for jonas company
A: Step 1: Definition of Gross ProfitGross profit refers to the difference between net sales and the…
Q: Give the ending balance
A: Concept of Beginning BalanceThe beginning balance refers to the amount of money or outstanding debt…
Q: Please solve this question general Accounting
A: Step 1: Define Gross ProfitThe gross profit of a company is typically different from that of net…
Q: None
A: The rate of return can be calculated using the formula: Rate of Return = Final Value - Initial Value…
Q: Compute the following ratios for this using. General accounting
A: Step 1: Define Du-Pont AnalysisDu-Pont analysis is used to understand the Return on Equity (ROE) of…
Q: GENERAL ACCOUNTING
A: Step 1:The predetermined overhead rate is the rate used to allocate the manufacturing overhead to…
Q: General accounting
A: To determine the APR (Annual Percentage Rate) from the given Effective Annual Rate (EAR), we use the…
Q: None
A: Explanation of Variable Overhead Efficiency Variance:The Variable Overhead Efficiency Variance…
Q: The variable overhead efficiency variance for September is:
A: To calculate the variable overhead efficiency variance, we use the following formula: Variable…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Acid-Test RatioThe acid-test ratio, also known as the quick ratio, measures a…
Q: provide financial account options
A: To calculate the overhead rate based on direct labor hours, we use the following formula: Overhead…
Q: Hello tutor please help me this question solution
A: The high-low method involves using the highest and lowest levels of activity to estimate variable…
Q: In a service concession arrangement, the operator recognizes? Correct option a) The infrastructure…
A: Concept of Service Concession Arrangement:A service concession arrangement involves a public sector…
Q: None
A: Step 1: Calculate Sales RevenueStep 2: Calculate Variable ExpensesStep 3: Calculate Contribution…
Q: Please need answer the financial accounting
A: Step 1: Fixed costs Fixed costs = Breakeven point x Contribution margin ratioFixed costs = $180,000…
Q: A company is considering whether to outsource its accounting function to a third-party provider.…
A: Definitions Related to the QuestionConcept of Outsourcing:Outsourcing refers to the practice of…
Q: Don't use ai
A: Explanation of Job-Order Costing:Job-order costing is a system used to assign manufacturing costs to…
Q: Question: 2.7 Bolsa Corporation produces high-quality leather belts. The company's plant in Boise…
A: Calculation of Standard Cost of LeatherStandard Cost of Leather = Units Produced x (Strips per Belt…
Q: What is the gross margin for September on these general accounting question?
A: Step 1: Define Gross MarginGross Margin is the amount remaining after subtracting the cost of goods…
Q: Problem related to Accounting
A: Option A: This option is incorrect because embedded derivatives are not always separated. Separation…
Q: Hula's Heavyweights, Inc., is a company that manufactures forklifts. During the year, Hula purchased…
A: To determine the ending balance in Hula's Materials Inventory account, we use the following formula:…
Q: financial account solution need.
A: To calculate the standard rate per direct labor hour, we include:The basic direct labor rate.The…
Q: Equipment was acquired at the beginning
A: Step 1:The straight-line method is the easiest method to calculate the depreciation expense. It is…
Q: General Accounting Question
A: Step 1: Define Contribution Margin RatioThe contribution margin ratio represents the percentage of…
Q: I need this question answer general Accounting
A: Step 1: Define Gross ProfitGross profit refers to the income earned from business operations. The…
Q: General Accounting
A: Explanation: In the given case, it is stated that the liabilities increased by $85,000 and the…
Q: Hii accounting expert need your help to get solution
A: Explanation of Periodic Inventory System:A periodic inventory system is an inventory valuation…
Q: Financial Accounting Question
A: Given Information:Estimated Total Manufacturing Overhead = $1,200,000Estimated Direct Labor Hours =…
Q: Quick answer of this accounting questions
A: Step 1: Definition of APR (Annual Percentage Rate)The APR is the nominal annual interest rate that…
Q: Q. Financial Account
A: Step 1: Calculate the Cost-to-Retail Ratio (unchanged).At Cost:Beginning Inventory (Cost):…
Q: Hii expert please provide correct answer general accounting question
A: Step 1: Define Return on Assets (ROA) by SegmentReturn on Assets (ROA) measures how effectively a…
Q: Please provide correct option of this general accounting question
A: Step 1: Define Gross Profit MarginGross Profit Margin is the percentage of sales revenue that…
Q: Armour, Inc., an advertising agency, applies overhead to jobs on the basis of direct professional…
A: Explanation of Predetermined Overhead Rate: Predetermined Overhead Rate is a calculated rate used to…
Q: QUESTION [20] Woheno Limited manufactures men's shirts. The following information was extracted from…
A: Step 1:Calculate the marginal income per unit as follows:Marginal income per unit = Sales per unit -…
What is the equity at year-end?


Step by step
Solved in 2 steps

- 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 accountingBenson Company’s net income was $225,000 for Year 1, $243,750 for Year 2, and $293,160 for Year 3. Assume trend percentages for net income over the three-year period are computed, with Year 1 serving as the base year.The trend percentage for Year 3’s net income is: Select one: A. 117.30% B. 86.36% C. 120.92% D. 130.29%
- What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. Total Assets: 70,581 Total Liabilities: 67,282 Long-Term debt: 35,822 Other long-term liabilities: 8,294 Operating Income: 18,278 Interest expense: 1,347 2. The company projects the following for the next fiscal year: • Total assets will increase by 5%.• Total liabilities will increase by 6%.• Long-term debt and interest expense will increase by 7%.• Operating income will increase by $750 million. a. Total assets: 74,100 b Total liabilities: 71,319 c. Long-term debt: 38,330 d. operating income: 19,028 e. Interest expense: Provide the next year’s forecasted balances for the above accounts. Round your answer to the nearest million. 1. Compute the forecasted debt to equity ratio for the next fiscal year. Round your answer to two decimal places. 2. Compute the forecasted long-term debt to equity ratio for the next fiscal year. Round your answer to two decimal…Swifty Incorporated had average total assets in 2025 of $6343000. It reported sales for of $8209000 that year. Average liabilities for the year were $5187000. Net income for the year was $964136. What is Swifty' return on assets for 2025? O 15.20% 18.59% O 11.74% 6.60%Net income?
- Acme Inc.'s total assets at the beginning of the year amount to $500,000,000, and its total assets at the end of the year amount to $250,000,000. If its return on assets for the year is 28%, what is Acme's net income for the year?Last year, Harrington Inc. had sales of $325,000 and a net income of $19,000. Its year-end assets were $250,000. The firms total debt/total assets was 55%. What was the ROE?For the year ended December 31, 2022, Settles Incorporated earned an ROI of 7.2%. Sales for the year were $11 million, and average asset turnover was 1.8. Average stockholders' equity was $3.1 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 %
- Firm B has accounts receivable of $5,000,000 and annual sales of $9,000,000. What is the firm's days sales outstanding (DSO)? Assume a 365-day year.Flitter reported net income of $23,500 for the past year. At the beginning of the year the company had $212,000 in assets and $62,000 in liabilities. By year end, assets had increased to $312,000 and liabilities were $87,000. Calculate its return on assets: Multiple Choice 11.1%. 9.0%. 7.5%. 35.7%. 26.0%.Coronado Incorporated had average total assets in 2025 of $6345000. It reported sales for of $8217000 that year. Average liabilities for the year were $5199000. Net income for the year was $958095. What is Coronado' return on assets for 2025? O 15.10 % O 18.43% O 6.52% O 11.66%

