Canberry Corporation had net income of $116,000, beginning total assets of $856,000 and ending total assets of $760,000. Its return on total assets is?
Q: General Accounting Problem
A: Understand the ProblemMaxiDrive wants to lower its costs to maintain profitability while matching…
Q: Chapter-8 Fixed assets A company purchases land and a building on the land. The land is appraised at…
A: Step 1:Given that the land is appraised at $80,000, and the building at $120,000.The cost of the…
Q: I need correct answer general account not use ai
A: Step 1: Define Predetermined Overhead RateThe amount of the overall manufacturing overhead cost…
Q: General accounting
A: Step 1: Define Fixed AssetsFixed assets form part of the total assets other than the current assets…
Q: What is the actual net operating income on these general accounting question?
A: Step 1: Define Degree of Operating LeverageThe degree of operating leverage represents the…
Q: If iphone,inc,has an equity solve this question general accounting
A: Step 1: Define DuPont ROE DecompositionThe DuPont identity breaks down ROE of a firm into various…
Q: Given answer general accounting
A: Target cost per unit = Selling price per unit * (1 - Desired profit margin)= $48 * (1 - 0.125) = $48…
Q: Hi expart give correct answer the accounting question
A: Step 1: Define Leverage and ROEGenerally, firm leverage tends to increase the return on equity…
Q: Please provide correct answer accounting questions
A: Step 1:Raw material used is the material actually consumed during the period Formula = Opening raw…
Q: None
A: To calculate Bramble Corp.'s Return on Assets (ROA) for 2017, use the following formula: ROA = Net…
Q: give answer for this account query
A: Step 1. Relevant Costs Under Variable CostingUnder variable costing, only variable production costs…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Units TransferredThe units transferred by the companies under the process costing…
Q: On January 1, 2010, Fleming Company borrowed $160,000 cash from the First Trust Bank by issuing a…
A: Step 1: Define Notes PayableWhen a company has issued a note to the bank for borrowing money, the…
Q: I want to correct answer general accounting
A: Step 1: Average accounts receivable.= (beginning + ending receivables) / 2= (2.8 billion + 3.1…
Q: 5 marks
A: Explanation of Research AllocationResearch allocation refers to the proportion of total observatory…
Q: Harris Fabrics computes it's plantwide predetermined overhead rate annually on the basis of direct…
A: Step 1: Define Overhead RateThe overhead rate helps to calculate the applied overhead cost during…
Q: Provide correct answer the accounting question
A: Step 1: Define ProfitThe profit is the remaining amount after all costs have been accounted for.…
Q: Solution
A: Explanation of Sales:Sales represent the total revenue generated by a company from its core…
Q: general accounting question
A: Step 1: Define Manufacturing OverheadManufacturing overhead is the sum total of all the indirect…
Q: Help
A: Explanation of Gross Profit Rate:The gross profit rate is the percentage of sales revenue that…
Q: Natraj Corporation uses the weighted average method in its process costing system. Please provide…
A: Step 1: Define Weighted average methodThe weighted average method is determined by multiplying the…
Q: Get correct answer general accounting
A: Step 1: Define Managing accounts receivableThe accounts receivable of a firm are its debtors and are…
Q: need expert advise. solve it
A: Item Unit Cost Net Realizable Value LCNRV Units Total LCNRV Cameras: Minolta 180.00…
Q: Rhett company has two departments. Financial accounting
A: Step 1: Define Overhead RateThe overhead rate is always determined at the beginning or before…
Q: Account solution needed
A: Given Information:Finished Goods Inventory (beginning) = 120 unitsUnits Produced = 190 unitsUnits…
Q: Discuss four different forms of inventory that can be held by a retail firms and how theydiffer from…
A: Retail firms typically hold four types of inventory: Finished Goods, Merchandise, Seasonal…
Q: solve this account problem for short details
A: Given Data:Number of units produced: 16,900Variable costs per unit:Direct materials: $109Direct…
Q: Gerry company has a gross profit solve this question general accounting not use ai
A: Step 1: Define Cash FlowThe cash flow related to the business includes inflows through cash sales…
Q: I won't correct answer general accounting
A: Step 1: Define Cash Conversion CycleThe cash conversion cycle for a firm represents the time in…
Q: I want to correct answer accounting questions
A: Explanation: The formula to calculate internal growth rate is as follows:Internal growth rate = (ROA…
Q: RT Inc. purchased a tract of લંડ for use as a factory site. Please provide answer the general…
A: Step 1: Define Purchase ContractA purchase contract is an arrangement in which both parties, the one…
Q: Give me answer accounting questions don't use ai
A: Step 1: Define Return on AssetsThe assets are the economic resources of the company that are…
Q: AAA corporation accounting period ends December 31 slove this accounting questions
A: Step 1: Define Accrued ExpensesIn accounting, accrued expenses relate to an organization's…
Q: Need help with this question solution general accounting
A: Step 1: Calculate the average total assets for 2017 Average total assets = (Total assets at the end…
Q: tutor help me in account problem
A: Step 1: Understand Variable CostingUnder variable costing, the unit product cost includes only…
Q: John doe started his business copy specialist inc on January 5,2021 the following information was…
A: Income Statement AmountService Revenue 9000Less Expenses Rent 2000Utility Expense 1200Supplies…
Q: Please provide correct answer general account not use aii
A: Hello student! Transfer Price is the price charged by a related party (departments, divisions, etc.)…
Q: Choose the correct answer
A: Explanation of Nominal Accounts:Nominal accounts are temporary accounts used to record income,…
Q: Hey tutor provide answer the accounting question not use ai
A: Step 1: Define Fixed AssetsAccounting for fixed assets involves recording their acquisition,…
Q: During April, koduck cameras sold answer general and
A: Step 1: Define Warranty ExpenseThe warranty expense is an accrual adjusting entry at the end of the…
Q: "||||||||||| PDF D2L D2L D2L a D2L D2L D2L × +…
A: Let's start by preparing the journal entries for each transaction:January 2: Treasury Stock Dr…
Q: Need help with this question solution general accounting
A: Step 1: Define Joint and Separate CostJoint manufacturing costs are the costs incurred in a…
Q: What is the present value of a $1,000 bond provide answer accounting questions
A: Step 1: Calculate the present value of the coupon payments.The bond pays $90 in annual coupon…
Q: provide correct answer
A: To determine the value of the inventory at the lower of cost or market (LCM), we need to compare the…
Q: Arroway Company:
A: Explanation of Gross Profit: Gross profit represents the difference between net sales and the cost…
Q: Give me four paragraphs on why time and budget constraints can affect the quality of audits
A: Time and budget are two critical factors that can significantly impact the quality of an audit.…
Q: None
A: Step 1: Define Activity-Based Costing (ABC) MethodThe activity-based costing method is used to…
Q: Solve this accounting question not use ai
A: Step 1: Define Equivalent UnitsWithout equivalent units, the firm could not calculate the cost per…
Q: Answer with working steps & explanation
A: Step 1:Explanation for the credit terms: Terms are 2/10, n/30, FOB destination. So,2/10: A 2% sales…
Q: Need help with this general accounting question
A: To calculate the Return on Assets (ROA) for Nordstrom, we follow a step-by-step process based on the…
General Accounting
Step by step
Solved in 2 steps
- Ayayai Company Limited reported the following for 2023: sales revenue, $1.16 million; cost of goods sold, $725, 000; selling and administrative expenses, $333, 000; gain on disposal of building, $283,000; and unrealized gain - OCI (related to FV- OCI equity investments with gains/losses not recycled), $17,000. Assume investments are accounted for as FV - OCI equity investments, with gains/losses not recycled through net income. Prepare a statement of comprehensive income. Ignore income tax and EPS.Helo Company has provided the following data: Sales, P5,000,000; Interest expense, P30,000; Total assets, beginning of the year, P185,000; Total assets, end of the year, P215,000; Return on assets, 15.5%; Tax rate, 30%. What is the net income of Helo Co.? show solutionsWhat is the return on total assets of this general accounting question?
- You are given the following information for Company A.: sales = $73,900; costs = $54,100; addition to retained earnings = $5,700; dividends paid = $2,780; interest expense = $2,490; tax rate = 21 percent. What is Depreciation Expense for company Calculate the depreciation expense for the company.A company has sales of $38,000, costs of $21,670, addition to retained earnings of $2,990, dividends paid of $810, interest expense of $1,300, and a tax rate of 23 percent. What is the amount of the depreciation expense? Multiple Choice O $10,095 O O $10,220 $11,395 $15,030You are given the following info for Ted's Dreaad co sales=$73000; costs=$53700; addition to retained earnings=$5500; dividends paid=$2720; interest expense=$2430; tax rate= 25% Calculate the depreciation expense for the company. =
- An entity reported the following information during the first year of operations: Pretax financial income 9,000,000 Nontaxable interest received 1,000,000 Long-term loss accrual in excess of deductible amount 1,500,000 Tax depreciation in excess of financial depreciation 2,000,000 Income tax rate 30% What is the total tax expense?Amir Company’s net income and net sales are $18,000 and $1,100,000, respectively,and average total assets are $100,000. What is Amir’s return on assets?a. 20.0%b. 18.0%c. 3.7%d. 7.0%The following financial information was provided by Anya Company: Net Income 8,255,000.00 NOPAT 75,785,000.00 EBITDA 143.000.000.00 Net Profit Margin 6.00% Operating capital 425.070.000.00 After tax cost of capital 12.00% Tax rate 35.00% 1. Assuming the Company has no amortization expense, how much is its depreciation expense? Use 2 decimal places in your final answer 2. Refer to Anya Company, calculate its Interest Expense. Use 2 decimal places in your final answer 3. Refer to Anya Company, calculate its sales. Use 2 decimal places in your final answer
- Benson, Inc., has sales of $44830, costs of $14,370, depreciatior and interest expense of $2,390. The tax rate if 23 percent. What is the operating cash flow, or OCF?ACME Corp’s balance sheet reported that it had $650,000 in liabilities and $275,000 in equity. On the income statement the company had revenues of $867,030 and expenses (excluding depreciation) of $356,240. Depreciation was $103,456 and interest expense of $52,423. Assuming a 40% tax rate, what was the company's return on assets?Use the following selected balance sheet and income statement information for Stevens Co. to compute asset turnover, to the nearest hundredth of a percent. Operating profit before tax Net Income Average total assets Sales Tax rate on operating profit $120,000 $192,500 $653,000 $1,250,000 35% a. 1.34 b. 1.91 c. 0.52 d. 0.29
