Bryant Industries' balance sheet shows $450,000 invested in operating assets. During 2023, Bryant earned an operating income of $81,000 on $540,000 of sales. Compute Bryant's profit margin for 2023.
Q: What will be total ending inventory balance?
A: Explanation of the Lower-of-Cost-or-Market Rule:The Lower-of-Cost-or-Market (LCM) rule is an…
Q: The predetermined overhead rate is
A: Explanation of Predetermined Overhead Rate:The predetermined overhead rate is an estimated rate used…
Q: Need help with this financial accounting question
A: Step 1: Define Dividend YieldDividend yield is a financial ratio that measures the annual dividend…
Q: What is the depreciation expense for the truck?
A: Explanation of Units-of-Production (UOP) Method:The Units-of-Production method is a depreciation…
Q: i want to correct answer
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) Analysis helps…
Q: I want to correct answer general accounting question
A: The Price-Earnings (P/E) ratio is a valuation metric used to assess how much investors are willing…
Q: Income under absorption costing would be
A: Explanation of Absorption Costing:Absorption costing is a costing method where both variable and…
Q: What is the operating cash flow?
A: Please find the attached image with a detailed, and step by step solution.All the best.
Q: I don't know answer please help me this question solution
A: Step 1: Definition of Absorption CostingAbsorption costing is a costing method that includes all…
Q: None
A: a) Debt-to-Equity RatioGiven:Total Liabilities = 500,000Total Equity = 300,000Debt-to-Equity Ratio =…
Q: Hii, tutor give me Answer
A: Investment in new kitchen equipment = $75,000Return on investment = 10%Increase in income = 4% of…
Q: At the beginning of the year, Many Precision Tools estimates annual overhead costs to be $1,500,000…
A: Explanation of Overhead Costs: Overhead costs represent all manufacturing expenses that cannot be…
Q: MCQ
A: Explanation of Gross Margin:Gross Margin is the amount a company earns after deducting the Cost of…
Q: Compute the net income to be earn under each alternative
A: Explanation of Net Income:Net Income represents the final profit a company earns after deducting all…
Q: None
A: Step 1: Definition of Common Stock and Additional Paid-in CapitalCommon stock represents the portion…
Q: How many cases of iced tea were completed?
A: Explanation of Process Costing System: A process costing system is an accounting methodology used in…
Q: ?? Financial accounting
A: Step 1: Define Income Tax ExpenseIncome tax expense is the amount a company owes in taxes based on…
Q: do fast answer of this account questions
A: Step 1: Definition of Contribution Margin RatioThe Contribution Margin Ratio (CMR) represents the…
Q: need help this question
A: The cost of equipment includes all costs necessary to bring the asset to its intended use. This…
Q: QUESTION 1 Repsola is a drilling company that operates an offshore Oilfield in Feeland. Five years…
A: Step 1: Provision Analysis and Calculations :- (a) Provision for Decommissioning and Restoration…
Q: provide correct answer
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: Accounts payable:6100, Accounts receivable:3000
A: Explanation of Retained Earnings: Retained earnings represent the cumulative net income that a…
Q: Quick answer of this general accounting questions
A: Step 1: Define Gross Margin under Absorption CostingGross margin under absorption costing represents…
Q: Need correct answer general accounting question
A: Step 1: Define Equivalent Units of Production (EUP) for Conversion CostsEquivalent units of…
Q: I want to correct answer general accounting question
A: Step 1:First calculate the retained earnings: Retained earnings = Net income - Dividend declared…
Q: please solve this problem account questions
A: Step 1: Definition of Manufacturing Overhead AllocationManufacturing overhead allocation is the…
Q: Can you help me with accounting questions
A: Step 1: Definition of Gross ProfitGross profit is the difference between a company's total sales and…
Q: Please Provider General Accounting Question
A: Calculation of Net Capital SpendingNet Capital Spending = Change in Net Fixed Assets + Depreciation…
Q: Kindly help me with of this question general accounting
A: Step 1: Define Effect of Sale on Initial OutlayWhen a company sells an old asset, the net cash…
Q: kindly help me with accounting questions
A: Step 1: Definition of Job CostsJob costs refer to the total expenses incurred for a specific job,…
Q: I need Answer
A: Concept of Sales PriceSales price refers to the amount for which a property, asset, or product is…
Q: Get correct answer general accounting question
A: To calculate James's proceeds on the loan, we use the formula for a simple discount note: D=P×r×t…
Q: Calculate the bad debt expense
A: Step 1: Definition of Bad Debt ExpenseBad debt expense represents the estimated amount of credit…
Q: Please provide answer
A: Explanation of Net Income:Net Income is the total profit a business earns after subtracting all…
Q: Allocate advertising expense to department Y
A: To allocate the advertising expense for Department Y accurately, follow these steps: Step 1:…
Q: What is the total investment amount required for the project on this financial accounting question?
A: Step 1: Define Total Investment AmountThe Total Investment Amount includes all costs required to…
Q: How much could barons sale increase
A: Step 1: Given Value for Calculation Actual Sales = s = $350 millionCapacity Utilization = cu = 65%…
Q: A company produces a single product, with a selling price of $12 and a variable cost of $7. Fixed…
A: Explanation of Break-Even and Target Profit Analysis:Break-even and target profit analysis is a…
Q: What are its 2022 earnings per share for this financial accounting question?
A: Step 1: Define Earnings Per Share (EPS)Earnings per share (EPS) is a financial metric that…
Q: What is the Correct option ? General accounting question
A: Step 1: Define Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) represents the total cost incurred…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Variable Cost RatioThe variable cost ratio is calculated by dividing the total…
Q: None
A: To determine James's proceeds on the loan, we use the formula for the proceeds of a simple discount…
Q: Get correct answer this financial accounting question without use Ai
A: Step 1: Definition of Dividend Yield Dividend yield is a financial ratio that shows how much a…
Q: Need answer
A: Explanation of Break-Even Volume:The Break-Even Volume represents the minimum number of admissions…
Q: Sondela Crafts is a small company that specialises in the manufacture of curios to customer…
A: 1. Identify which expenses are variable and fixed. See attached computation. Question A Determine…
Q: Accounting 12
A: Concept of Equivalent UnitsEquivalent units represent the number of complete units that could have…
Q: What is the company's free cash flow for this financial accounting question?
A: Step 1: Definition of Free Cash Flow (FCF)Free Cash Flow (FCF) is the cash generated by a company…
Q: Steven works in an insurance office and in 2013 was provided with uniforms by her employer which…
A: In general, the tax treatment of uniform allowance depends on the specific tax laws of a country.…
Q: can you please give answer
A: Step 1: Definition of Accounts Receivable Turnover RatioThe Accounts Receivable Turnover Ratio is a…
Q: Income statement and calculate net income accounting question
A: Step 1: Definition of Net IncomeNet Income is the final profit a company earns after deducting all…
Kindly help me with accounting questions
Step by step
Solved in 2 steps
- General accountingTrue answer? General AccountingNanticoke Industries had the following operating results for 2020: Sales = $30,780; Cost of goods sold = $ 20, 110; Depreciation expense = $5, 540; Interest expense = $2,940; Dividends paid = $1,800. At the beginning of the year, Net fixed assets = $17,390, Current assets = $5,930, Current liabilities = $3,500. At the end of the year, Net fixed assets = $21,010, Current assets = $7,390, Current liabilities = $4,060. The tax rate for 2020 was 30%. a. What is net income for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Net income $ b. What is the operating cash flow for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Operating cash flow $ c. What is the cash flow from assets for 2020? (Negative answer should be indicated by a minus sign. Omit $ sign in your response.) Cash flow from assets $
- A company has the following items for the fiscal year 2020: Revenue = 10 million EBIT = 4 million Net income = 2 million Total Equity = 15 million Total Assets = 30 million Calculate the company’s net profit margin, asset turnover, equity multiplier and ROEC Company has the following data for the year ending 12/31/2020 (dollars are in thousands): Net income = $600; EBIT = $1,184; Total assets = $3,000; Short-term investments = $200; Total capital employed = $2,193; and tax rate = 30%. The company’s WACC is 11.07%. What was its Economic Value Added (EVA) for the year 2020? Round your answer to the nearest dollar. Group of answer choices: $583 $586 $577 $572 $580In 2021, Noble Tech Inc. reported that the company's Return on Assets (ROA) was 10%, and its net profit margin was 6%. Calculate the company's total asset turnover (round your answer to two decimal places).
- The 2023 annual report for Pronghorn Industries Inc. contained the following information: Dec. 31, 2022 Dec. 31, 2023 Total assets 561,000 605,000Total liabilities 65,400 88,900Net revenue 410,000 530,000Net income 54,000 32,000 Calculate the rate of return on assets using profit margin for 2023Paladin Furnishings generated $4 million in sales during 2018, andits year-end total assets were $3.2 million. Also, at year-end 2018, current liabilities were$500,000, consisting of $200,000 of notes payable, $200,000 of accounts payable, and$100,000 of accrued liabilities. Looking ahead to 2019, the company estimates that its assetsmust increase by $0.80 for every $1.00 increase in sales. Paladin’s profit margin is 3%, andits retention ratio is 50%. How large of a sales increase can the company achieve withouthaving to raise funds externally?Allied Construction and Axis Construction reported the following information in their annual financial statements ($ in millions): Allied Construction 2021 2020 Sales $ 50,000 $ 45,000 Net income 3,900 4,000 Total assets 26,000 24,000 Axis Construction 2021 2020 Sales $ 87,000 $ 72,000 Net income 3,400 4,100 Total assets 53,000 64,000 Required: 1. Calculate Allied Construction's return on assets, profit margin, and asset turnover ratio for 2021. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) 1-return on assets: _____% 2- profit margin: ________% 3-asset turnover: _____times 2. Calculate Axis Construction's return on assets, profit margin, and asset turnover ratio for 2021. (Do not round your intermediate calculations. Round your answers to 2 decimal places.) 1-return on assets: _____% 2- profit margin: ________% 3-asset turnover: _____times 3-a. Which company…
- What is the sales growth rate of this financial accounting question?The Oscar Meyer Corporation earned $33 million in 2019 on sales of $450.5 million. The company's balance sheet also listed current assets of $27 million, and fixed assets of $378 million. What is the firms Return on Assets (ROA)? a. 0.211 b. 0.201 O c. -0.029 d. -0.049 e. 0.081Hammond Motors had sales of $35 million in 2020 with a cost of goods sold of $20 million. A simplified balance sheet for Hammond appears below attached: 23) Hammond's net working capital in 2020 is closest to: A) $2.3 million B) $3.8 million C) $6.5 million D) $10.5 million Justify your answer
